What Is A Private Limited Company?
A private limited company is a corporate entity held by private shareholders, typically less than 50 with a minimum of two, who can comprise individuals, corporate entities or both. All private limited companies in Singapore exist as a separate legal entity. This means it can acquire assets and debt, enter into contracts and perform other legal transactions on its own. In addition, it is also a taxable entity. Shareholders are not liable for any debts or losses that go beyond the amount of shares they own, which thus illustrates the limited liability structure of such entities. These features make private limited companies the preferred business form among entrepreneurs in Singapore.
How To Register A Private Limited Company in Singapore
Before registering a private limited company in Singapore, there are specific requirements to take note of:
- Minimum 1 shareholder (individual or corporate entity)
- 1 Resident Director
- 1 Company Secretary
- Minimum paid-up capital of S$1
- A Singapore registered office address
The company incorporation process entails the following:
- Approval of company name by Accounting & Corporate Regulatory Authority of Singapore (ACRA)
- Preparation of company registration documents
- Company Constitution
- Signed Consent to Act as Director
- Signed Consent to Act as Company Secretary
- Identification, residential address & professional background of shareholder(s)
- Company registration with ACRA
To ensure you have all the necessary documents ready and avoid any obstacles during the registration, it is advised to seek professional assistance.
InCorp Group delivers tailored expertise and advice to entrepreneurs looking to establish their first office in Singapore or even expand their business within the country and beyond. Having amassed years of experience in delivering corporate solutions to businesses in Singapore, you can trust our team of professionals for a seamless registration process of your private limited company.
For more information on how to register your private limited company or to engage our services, please get in touch with our team today!
Infographic: Private Limited Company Incorporation Process
InCorp Group delivers tailored expertise and advice to entrepreneurs looking to establish their first office in Singapore or even expand their business within the country and beyond. Having amassed years of experience in delivering corporate solutions to businesses in Singapore, you can trust our team of professionals for a seamless registration process of your private limited company.
For more information on how to register your private limited company or to engage our services, please get in touch with our team today!
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Frequently Asked Questions about Private Limited Company Registration in Singapore
- To successfully register a private limited company in Singapore, you will need the following: 1 shareholder (at minimum), 1 resident director, 1 company secretary, paid-up capital of S$1, and a Singapore registered office address.
- You can register a private limited company in Singapore with a minimum of 2, but less than 50 private shareholders. They can be individuals, corporate entities or both.
- The structure of a Singapore private limited company allows shareholders to hold no liability for any debts or losses beyond the shares owned.
Form a Singapore Private Limited Company in a few simple steps.
With Incorp’s integrated ecosystem, we’ve made the company incorporation process super easy for all entrepreneurs.