Incorporation of a Company in Singapore becomes Easy with SBS Consulting

SINGAPORE - April 7, 2014 - PRLog -- “Apart from private limited companies, you also have an option of setting up a limited liability partnership or a sole proprietorship,” said the business head of SBS Consulting. For Singapore company registration [ http://www.sbsgroup.com.sg/company-incorporation-formation-business-registration-setup/ ], at least one local director, who is a resident of Singapore is required. A person having a PR or an employment pass [ http://www.sbsgroup.com.sg/singapore-employment-pass-ep-guide/ ] can also be eligible for the director’s post.

Other than the one requirement given above, for a company to get registered, it also should have -

1. At least one shareholder, who need not be a Singapore resident.

2. At least one company secretary

3. Minimum paid up capital of S$1

4. A desirable business name

5. A registered business address

The head of SBS Consulting added that, “the shareholder and the director can be the same person or two different people. A different legal entity such a company or a trust can also play the role of a shareholder. In addition, 100% foreign shareholding is also allowed.” In this regards, it must be noted that if a director is also acting as a shareholder, then he cannot act as a company secretary. A company secretary [ http://www.sbsgroup.com.sg/singapore-corporate-secretaria... ], who is a Singapore resident, must be hired within 6 months of incorporation. This is a mandate as per Section 171 of the Singapore Companies Act.  “Coming to the company address, it should be a physical address and not a P. O. Box,” said the head of SBS Consulting in his concluding statement.

About SBS Consulting:

Since 2010, SBS Consulting has successfully served many national and international clienteles. The team of professional experts at SBS always ensures that the services provided are simple, straightforward, and tailor-made. SBS Consulting believes that an entity cannot be just left alone after incorporation; there are so many nuances of running a business, which needs to be taken care of. Therefore, apart from incorporation, other services provided are corporate secretarial, bookkeeping, accounting, payroll, auditing, taxation, immigration, and provision of work visas.

Contact:
Meena,
SBS Consulting Pte Ltd
35-B Hongkong Street,
Singapore - 059674
Tel: +65 67289142
Email: info@sbsgroup.com.sg