Singapore Business Incorporation offers numerous advantages, but it requires understanding specific legal requirements and preparing the necessary documentation. Here’s a concise guide to help you navigate the process.

Legal Requirements:

1. Company Name: Choose a unique and approved company name. Ensure it complies with ACRA’s naming guidelines.
2. Directors: At least one director must be a Singapore resident. Directors must be at least 18 years old and free from disqualifications.
3. Shareholders: A minimum of one and a maximum of 50 shareholders are required. Shareholders can be individuals or corporate entities.
4. Company Secretary: Appoint a qualified company secretary within six months of incorporation. The secretary must be a Singapore resident.
5. Paid-up Capital: The minimum paid-up capital is SGD 1. Additional capital can be injected after incorporation.
6. Registered Address: Provide a local registered address for official correspondence. It cannot be a P.O. Box.

Documentation:

1. Company Constitution: Submit the company’s constitution, which outlines the company’s regulations and structure.
2. Identification Documents: Provide copies of identification documents for all directors, shareholders, and the company secretary.
3. Address Proof: Submit proof of residential addresses for all directors and shareholders.
4. Consent Forms: Include signed consent forms from directors and the company secretary, agreeing to their respective roles.
5. Shareholder Agreement: Optional but recommended, detailing the rights and responsibilities of shareholders.

Understanding these legal requirements and preparing the necessary documentation can streamline your Singapore business incorporation process, ensuring compliance and a solid foundation for your business.