In ACRA’s definition, registered office address is where all communications and notices to the company are addressed to, and where the company’s registers and records are kept.

The registered office must be an address in Singapore, but it need not be the place of operation. For instance, your company’s registered office address may be in Raffles Place but your factory could be located in Tuas.

Fintech bank account providers will readily accept online applications. On the other hand, brick and mortar banks only provide online applications for selected groups of customers and may require the applicant to visit the branch to meet a banker face to face.

Right now, we also work with some banks to do account opening via video calls to facilitate account opening for overseas clients.

We can assist our clients to set up bank accounts in Singapore.

The share system offers extensive flexibility, meaning shares can fall into numerous categories, depending on how the company decides to structure its stock. Find out more about the different classes of shares and how the allotment of shares impacts your company by contacting us.

Paid-up capital refers to the total funds a company receives from shareholders in exchange for equity. It is required to be contributed in cash or in kind to the company.

The funds can be as low as $1, but we generally recommend that you start with at least a few thousand dollars of paid-up capital to show that the company has some substance and not purely a shell company.

Sole Proprietorships and Private Limited Companies (Pte. Ltd.) each have their pros and cons. To understand what works better for you, there are a few factors that you have to take into consideration.

All Singaporean companies are required to onboard at least one local director on their company’s board. Companies that do not have local directors may choose to appoint a nominee director to meet the requirement.

You can be the secretary of the company if you are a local and not the sole director. However, it is important to engage a secretary who is clear on the statutory requirements of the company e.g. Annual General Meetings, ACRA Annual Return, IRAS ECI and Form C-S.

The company’s Financial Year End (FYE) is typically a date which is the last day of the month. We recommend choosing the last day of the previous month if you don't have any particular preference (eg. If we are in the middle of May, we recommend 30 April). This will maximise your tax breaks as a start-up company.

Companies under selected industries or with names containing certain words will be sent to the respective referral authority.

Examples of Standard Resolutions are:

1. Change in Company's Registered Address

2. Appointment or Resignation of Director

3. Change Financial Year End

4. Change of Primary or Secondary Business Activity

5. Change company name

6. Update of Company Officer's Personal Particulars

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Examples of Special Resolutions are:

1. Changes in the company’s Constitution

2. Share-Related Transactions

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Find out more about resolutions here.

No. S Pass or Work Permit holders are not allowed to carry on or manage any business in Singapore.

A company's constitution (formally known as the Memorandum and Association) is a legal document that:

• Describes the key characteristics of the Company

• Contains the rules and regulations for its governance

• Describes how its operations will be carried out

• Outlines the rights and responsibilities of the Directors, Shareholders and Company Secretary

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The Company's Constitution must be submitted to ACRA upon application.

An Annual General Meeting (AGM) is one of the yearly compliance requirements for all Singapore companies. It is held to keep the company’s shareholders updated with the business health, financial performance as well as to lay out important matters such as reelection of directors.

The company’s Annual Return (AR) is filed after the AGM has been held.

The Company Law in Singapore mandates that every company must appoint a Company Secretary, and the position must not be left vacant for more than 6 months at any point in time.

The Company Secretary is responsible for ensuring that the company complies with the relevant legislations and regulations.

• A registered office address refers to a place in Singapore where all official letters to the company are sent, and the place where the company’s register and records are kept. It must be accessible to the public during normal office hours, but need not be where the company conducts its activities which is known as the principal place of business.
  

• The registered address is searchable on public databases and some of our clients chose to use our registered address service for privacy and to enhance the credibility of the company

• The Company Name is the business name registered with ACRA, this the the name used in official documents and used in issuing invoices, receipts etc.
  

• The company may not use names that are obscene or religious in nature and should not be identical to an already reserved (or existing company's name). Zenit will be able to help you check on the desirability and availability of your desired company name.

• An SSIC code helps ACRA determine whether the company is required to apply for any licenses to carry out their business. Some SSIC codes also help to determine if a company is entitled to certain tax benefits by IRAS. In the broader picture, the purpose of an SSIC Code is so that the government can track ACRA business activity.
  

• You are able to choose One Primary and one Secondary Activity. If you are unclear of what SSIC code is suitable for your company, your Corporate Service provider will be able to advice you based on your description of your business activities.

• It is mandatory to have at least one local director in your Singapore Company. This Director will be responsible for ensuring that the company complies with its statutory requirements.
  

• The shareholders of a company are essentially the owners of the company, their approval is sought during General Meetings on matters that affect the company. They are also able to voice their opinions regarding relevant issues involving the management of the company to the directors.