Company Registration in Singapore – An Overview
Company registration is the most popular type of legal entity. Starting a business is never easy. People make their life style change by doing certain businesses. After incorporating the business is very important to register the firm, wheather it a private limited , public limited or an open person company.
The filing provides the benefits for the person who really is interested in creating a new venture.The name often decides the faces of a business. A customer will first look for the name of the business. The name should be clear,catchy,easy to understood and also speaks about the business. The registered name of the business should be unique and it should not be repeatable one.The companies Act,2013 does not allow identical names.
The company registeration in Singapore can be done in 10-12 working days.Setting up a business requires documents, compliances and legal formalities. Make sure that you get the help of an expert while selecting a business structure and getting paperwork done for the same.
Once you have selected the Advisor, the next step should be registering the business.It is important to register the business before purchasing or investing in a business, as the investments can be accounted under the entity. The private limited company can be formed with a maximum of two directors and two directors.
The NRI’s are also allowed to be the directors or the shareholders in the case of foreign direct investment. The unique feature of private limited company is limited liability protection to shareholders. The public limited company can be formed with a minimum of seven members and three directors. These publi limted companies have advantages like easy transfer of shares and more transparency.