The Singapore Business Registration Office (ROC) is the only organization responsible for company registration in Singapore. All companies and firms must be registered in the Republic of China. To apply for registration of a company to engage in commercial activities, except banking, finance, insurance, securities, transportation and other industries and production industries that have an impact on the environment, the establishment of commercial institutions and companies only needs to be registered in the registration bureau.
2. Independent legal person status of Singapore companies:
According to the Company Law of Singapore, Singapore Limited has independent legal personality. Can participate in litigation and own assets; It will also generate debt. The liability of the shareholders of the company is limited to the amount of capital contribution subscribed but not paid in full. As long as the subscribed shares have been paid in full, the shareholders of the company are not liable for the company's debts unless the shareholders concerned provide personal guarantees for the company's foreign debts.
3. Registered capital of Singapore company/paid-in capital at the time of establishment and company registration fee.
According to the Singapore Company Law, the minimum registered capital of the company is S $654.38 million, and the paid-in capital is S $2 yuan. Shareholders can decide to increase the registered capital at any time and pay the capital in full, just fill in the form at the registration office and pay the fee. The registered capital represents the share capital limit that the company can issue to shareholders, and the company can issue shares within this limit, and requires shareholders to pay the subscribed shares one or more times. The subscribed and paid-up shares are the paid-in capital of the company.
4. Documents to be submitted for the establishment of a Singapore company
1) Articles of Association and Articles of Association; 2) Law-abiding affidavit; 3) identification; (4) Letter of appointment and qualification certificate of directors; 5) Report on the registered address and office hours of the company. In addition, a detailed list of directors, managers, company secretaries and auditors and stock issuance records shall be submitted within one month after the establishment of the company.
5. Directors
Singapore Limited Company must have at least 1 directors (new regulation in April 2004). If you are a foreigner, you must have a local director in Singapore.
Step 6 listen
Within 6 months after the establishment of a Singapore company, a certified public accounting firm must be appointed as the company's auditor. The auditor's task is to independently review the company's financial statements and submit an audit report when the company closes its accounts at the end of the year.
7. Secretary of Singapore Company
A company secretary must be appointed within 6 months after the establishment of a Singapore company. Its responsibilities include:
1) Submit the reports and forms required by the Company Law to the Registrar of the Business Registration Bureau in time;
2) Keep the company name and meeting minutes properly;
3) When necessary, sign and confirm various contracts and resolutions of the board of directors.
4) Ensure that the company documents are correctly stamped with the company seal.
8. Registered address of Singapore company
The company must have a registered address. The change of registered address or office name must be notified to the registration bureau within 14 days.
9. Singapore Employment Permit and Singapore Work Permit
After the company is established in Singapore, if it intends to send personnel to Singapore to take charge of business, it can apply for an employment permit from the Ministry of Manpower of Singapore. The employment permit is applicable to people with college education or above and a salary of more than 2500 yuan/month; Work permit is suitable for people with low salary and education level.