Company & Business Incorporation

We offer the following incorporation services:

Private Limited Company Incorporation

Incorporation of Private Limited Company (Pte. Ltd.) Package includes:

  • Professional fees for incorporating company
  • ACRA Incorporation fees
  • ACRA Business profile in PDF format
  • Company Constitution (Previously known as Memorandum & Articles of Association)
  • Free first year basic secretarial services
  • Free first year Registered Address

Information Required for Incorporation of Private Limited Company:

  • Proposed Company Name
  • Business Activities Description
  • Location of Registered Office
  • Copy of NRIC information of all Local Directors/Shareholder/Company Secretary
  • Copy of Passport and Proof of foreign address of all Foreign Directors/Shareholder
  • Shareholding percentage breakdown
  • Amount of ACRA Paid-up capital (Minimum S$1)

Advantages of a Private Limited Company:

  • It is a separate legal entity, with unlimited lifespan
  • Liabilities are limited to the assets of the Company
  • Qualify for Tax incentives, Government grants & assistance
  • Companies that qualify for Exempt Private Company (EPC) status does not need to be audited.
  • An Exempt Private Company (EPC) is a private company which has at most 20 shareholders. No corporation holds (directly or indirectly) any beneficial interest in the EPC’s shares. It can also be a company the Minister has gazetted as an EPC (see section 4(1) of the Companies Act.

Important Statutory Requirements of a Private Limited Company:

  • Number of Shareholders is limited to 50
  • Must have at least one local resident Director
  • Annual General Meeting
  • A company is required to hold its first AGM within 18 months after its incorporation
  • Subsequent AGMs must be held every calendar year and the interval between AGMs should not be more than 15 months
  • Annual Return – The Annual Return must be filed to ACRA within one month after AGM
  • Insolvent EPCs and Private Company will need to file Annual Return in XBRL format.
  • Exempt Private Company and Dormant Company need not audit accounts.

Limited Liabilities Partnership (LLP)

Limited Liability Partnership (LLP) Registration Package

  • Includes Professional fees to form business firm
  • Includes ACRA fees
  • Includes 3 sets of Business profile
  • Free One year Website domain Name (.com.sg or .sg by SGNIC)

Information Required For Registration of LLP:

  • 2 Proposed Business Names.
  • Business Activities Description.
  • Location of Registered Office
  • Copy of NRIC information of all local Managers
  • Copy of Passport and Proof of foreign address of all Foreign Owners

What is a Limited Liability Partnership (LLP)?
A Limited Liability Partnership (LLP) is a vehicle for doing business in Singapore. An LLP gives owners the flexibility of operating as a partnership while having a separate legal identity like a private limited company.
This means that the LLP is seen as a body corporate and has a legal personality separate from its partners. The LLP has perpetual succession, which means any change in the partners of an LLP will not affect its existence, rights or liabilities.

An LLP is capable of:

  • Suing and being sued in its name;
  • Acquiring and holding property in its name;
  • Having a common seal in its name and
  • Doing such other acts and things in its name, as bodies corporate may lawfully do and suffer.

The partners of the LLP will not be held personally liable for any business debts incurred by the LLP. A partner may, however, be held personally liable for claims from losses resulting from his own wrongful act or omission, but will not be held personally liable for such wrongful acts or omissions of any other partner of the LLP.
An LLP is required to keep accounting records, profit and loss accounts and balance sheets that will sufficiently explain the transactions and financial position of the LLP. In the event the LLP does not do this, the LLP and every partner shall be prosecuted and the penalty may be a fine or imprisonment, or both. In addition, the LLP shall submit to the Registrar an annual declaration of solvency or insolvency (i.e. being able or unable to pay its debts respectively) which will be made available to the public.
(Source: ACRA)

Company Limited by Guarantee (CLG)

A public company limited by guarantee is one which its members contribute or undertake to contribute a fixed sum to the liabilities of the company by way of guarantee. It is commonly formed for carrying out non-profit making activities, such as for promoting art, charity, association etc.

Incorporation of Public Company Limited by Guarantee (CLG) Package includes:

  • Professional fees for incorporating company
  • ACRA Incorporation fees
  • ACRA Business profile in PDF format
  • Company Constitution (Previously known as Memorandum & Articles of Association)
  • Free first year basic secretarial services
  • Free first year Registered Address

Information Required for Incorporation of CLG:

  • Proposed Company Name
  • Business Activities Description
  • Location of Registered Office
  • Copy of NRIC information of all Local Directors/Shareholder/Company Secretary
  • Copy of Passport and Proof of foreign address of all Foreign Directors/Shareholder

Sole Proprietor & Partnership

A sole-proprietorship is a business owned by one person or one company. There are no partners. The sole-proprietor has absolute say in the running of the business.
Under the Business Registration Act, Cap. 32, “business” includes every form of trade, commerce, craftsmanship, calling, profession and any activity carried on for the purposes of gain but does not include any office, employment or occupation, or any of the businesses specified below:

Exempted Entities/Individuals
List of exempted entities/individuals:
  1. Individuals carrying on any of the businesses specified in the First Schedule.
  2. Statutory authority or other body established under any written law.
  3. Institution, society or person specified in the First Schedule to the Income Tax Act.
  4. Registered Society.
  5. Registered co-operative society.
  6. Registered mutual benefit organisation.
  7. Person carrying on any business consisting solely of the exercise of any profession which under the law can be exercised only by those who posses certain prescribed qualifications and whose names are registered in the manner prescribed by the law (e.g. doctors, lawyers).
  8. Charitable institutions which is exempt from tax under the Income Tax Act.
  9. The Public Trustee or the Official Assignee of the property of a bankrupt.
  10. A foreign company carrying on business in Singapore which is registered under the Companies Act and carries on the business under its corporate name.
  11. Any other person or class of persons for the time being exempted by the Minister, by notification of the Gazette, from all provisions of this Act.
  12. Any company registered under the Companies Act or any previous legislation carrying on business under a business name that consists of its corporate name.

First Schedule

Businesses specified in the First Schedule:
  1. Any business of a licensed hawker who sells or exposes for sale any drink, goods, wares or merchandise of any kind whatsoever, or who offers for hire his skill in handicraft or craftsmanship.
  2. Any business of a craftsman who –
    1. exercises his craft on his own domestic premises;
    2. does not display the products of his craftsmanship for sale in public; and
    3. does not employ any person other than members of his immediate family for the purpose of his business.
  3. Any business of –
    1. a taxi driver;
    2. a trishaw rider;
    3. a sampan man plying his sampan for hire; or
    4. a farmer, a fish pond keeper or a prawn pond keeper who: does not employ any person other than members of his immediate family; does not own the land on which his farm or pond stands; and does not charge members of the public any fee for admission.
      (Source: ACRA)