Starting a company in Singapore is easy and smooth when you know which entity is most suitable for your business .
In Singapore, the private limited company is favored by many businesses because it is scalable and allows the company to tap many government grants, incentives and tax savings.
In addition, the private limited company limits the liabilities of its shareholders. In the event of debts or losses, the shareholders liabilities will be limited to their share capital.
When starting a private limited company in Singapore, you will need the following:
- At least 1 Shareholder
- 1 Singapore Resident Director
- 1 Company Secretary
- At least S$1 in initial paid-up share capital
- A Singapore registered office address
However, there are other entities available for registration in Singapore. For example, foreign companies may register a subsidiary company or a branch in Singapore.
Otherwise, if a company requires more time to assess business opportunities in Singapore, registering a representative office may be a good idea.