Singapore Company Set Up Specialists Guides on the Registration of Charities in Singapore

This guide aims to shed light on some of the basic information on registering charities in Singapore.
 
 
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Aug. 8, 2009 - PRLog -- A charity is an organisation / trust / foundation that is exclusively set up exclusively for charitable purposes.  Charitable purposes can be classified into four main categories:

1.   relief of poverty
2.   advancement of education
3.   advancement of religion
4.   other charitable purposes which help and benefit the community

You can register a charity as long as your organization/trust/foundation is set up exclusively for charitable purposes.

All charities that are set up in Singapore are required to be registered with the Commissioner of Charities (IRAS office) within 3 months of its set-up.

A charity may be set up as a:

1.   Company limited by guarantee - A public company limited by guarantee is one which carries out non-profit making activities that have some basis of national or public interest, such as for promoting art, charity etc. The Minister may approve the registration of the company without the addition of the word “Limited” or “Berhad” to its name.  

2.   Society - A society is defined in the Societies Act as a club, company, partnership or association of 10 or more persons, whatever its nature or object, and not already registered under any other law.  

3.   Foundation - A foundation is an institution or association with a permanent fund dedicated to charitable, educational, religious, research or other benevolent purpose. It is generally supported by gifts and donations.

4.   Trust Under A Trust Deed - The charitable trust constituted by the deed and its property ("the trust fund") shall be administered and managed by the trustees.

The following documents are required and should be submitted together with the application form:

•   Signed copy of the Governing instrument;
•   Certified Statements of Accounts for the last 3 financial years (if applicable); and
•   Particulars of all Charity Trustees including the Name, NRIC No.; Address, Date of
Appointment and their Position on the Board/Committee.

Constitutions for charities set up as societies, and Memorandum and Articles of Association for those set up as companies.

To meet the requirements for registration under the Singapore Charities Act, the governing instrument should include the following provisions:

•   Objectives of establishing the charity
•   Management
•   Quorum
•   Amendments to the governing instrument
•   Dissolution
•   IPC Status

If your organization has multiple charitable objectives (e.g. promotion of arts and social welfare), you may apply for the approved IPC status. However, if yours is an organization with single charitable objective (e.g. promotion of arts only or social welfare only), then you may apply to be a Related Approved IPC in order to enjoy the approved IPC status. All IPCs are required every year to provide donations information to IRAS.



For more information, please visit http://www.rikvin.com.

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Singapore Company Registration and Related Corporate Services Under-One-Roof. We provide a fast online service for company incorporation, private limited company formation, business registration and full corporate secretarial services in Singapore.
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Source:Satish
Email:***@pacific.net.sg
Phone:65-64388887
Zip:049705
Tags:Charities, Singapore, IPC, Organisation, Foundations
Industry:Accounting, Business, Society
Location:Singapore - Singapore
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Page Updated Last on: Aug 08, 2009



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