A director can hold the position of company secretary only if he or she is qualified to do so, and the company has more than two directors and the director is qualified to do so.
A private company limited by shares must have at least one shareholder and no more than 50 shareholders.
A Singapore citizen, Singapore Permanent Resident or EP holder who is residing in Singapore.
Yes, all Singapore companies and subsidiaries need to have a registered address in Singapore.
A company is a business entity registered under the Companies Act, Chapter 50. Most companies in Singapore are private companies limited by shares and are recognized by the suffix “Pte Ltd”.
Yes, there are no restrictions prohibiting an individual assuming both roles.
own the company and are entitled to the profits of the company.
Manage and oversee the company’s operations, and deal with everyday responsibilities.
Typically the following documentation will be required:
* Any documents that are not in English must be officially translated into English.
A private company is a company that can have a maximum number of 50 shareholders. Its constitution restricts the right of its members to transfer their shares in the company.
A private company limited by shares can be classified as an small company.
The key characteristics of an small company are:
Yes, even if your company was dormant, you are required to notify ACRA for any change of corporate information including change of directors.
Even if a company was dormant, it is mandatory to hold AGM and file annual returns.
If you have appointed a company secretary, they will be able to advise you on AGM and Annual Return filing dates, prepare the necessary documents and minutes for your approval, and file the documents with ACRA on time.
If you do not have a company secretary and fail to keep track of the deadlines, ACRA will send you reminders. However, the directors of the company must ensure that they hold the AGM, prepare the necessary documents and make all Annual Return filings on time.
A company is considered dormant during a period in which no accounting transaction occurs.
Its status is NOT affected by the following transactions:
A dormant company does not need to have its accounts audited and can file unaudited accounts.