As we all know, when we are planning to start a new company, we have to get it registered in order to get the company legal in the eyes of the law. There are some simple steps that will help the company to register here. These steps, though they are easy to follow, but they are mandatory. Now we will discuss in detail these steps so that you can get the company registered without facing any kind of difficulty:
Get the name of the company approved
As we have discussed earlier, there are specific steps that must be followed to get the company registered in Singapore. This is the first and the foremost step. If you want your company to get registered, then the first thing you have to do is to get the name of the company that you have selected approved by the ACRA.
This is the procedure that can either be done online or offline. It entirely depends on the business owner that which mode he will select. There are certain things that the owner have to keep in mind in order to get the name sanctioned:
The name must not contain any kind of vulgar language.
The most crucial point that the owner has to keep in mind is that in order to get the name approved, he should make sure that the name must not be identical with any other company name in Singapore.
- It should not infringe on any existing trademark.
- If the name of the company contains the words like school, in that case, the owner should get permission from the government.
- nce the name you have selected gets approved from the ACRA, then, in that case, you have to make sure that you incorporate the company in a maximum of 120 days after the approval of the name.
In case if you are not able to do the incorporation in 120 days, then the other person can acquire your name, and you will j able to anything.
Prepare the valid documents
As we have discussed earlier that the first step of the incorporation is to get the name approved, and once you are done with it, then you have to collect the following documents and register here:
- Company constitution: In the previous time, this document was known by the name article of association. For this, you can either use the format that the ACRA has issued, or you can even get it done by any of the well-reputed firms. It is ultimately the choice of the owner that what he thinks will be suitable.
- Whom you have appointed as the director of the company, you have to submit the written consent of this person that they are acting as the director of the company.
- Even you have to deposit the details of the shareholders. Give their proper identification and also the residential address detail.
- A person who has been appointed as the company secretary he needs to sign the consent that he approved to be the secretary.
Now the question arises that in case if you have done the registration through the corporate service providers? In this case, they will ask you to submit even some more documents. They will ask for the papers on the basis of the type of shareholders who have applied.
In case if the person who has done his company registered is an individual stakeholder, then he has to make sure that he submit the below-mentioned documents:
- Identification proof either in the form of a passport or the NRIC.
- Any documents that have a name and address on them like electricity bill, tax notice. These documents will act as document proof.
- You also have to give proof of your professional background. You can use your resume for this purpose.
In case if the person who is getting the company registered as a corporate shareholder, then the documents are different:
- Memorandum and article of association
- Certificate of incorporation of the parent company.
- An extract of the company that contains the detail of the company like name, address, registration number, paid-up capital, and other information.
- Identity proof of the beneficial owners.
These are some of the documents that have to be submitted in the English language.
Register with the registrar
Once you are done with the above two mentioned steps, you can completely register here under the ACRA. It depends on the documents you have submitted that how much time it will take for your company to get registered.
Sum up:
This is the simple and easily understandable procedure to get the company registered in Singapore. There are various online sites that will guide you about the steps in all the language out of which you can select in which you are comfortable.