Setting up company + Nominee Director Featured

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This package is suitable for foreign entrepreneurs who wish to incorporate a Singapore company but don’t plan to relocate to Singapore at present. This package includes the services of our nominee director to satisfy the statutory requirement of local resident director.

  • Package details

  • Process

  • Necessary Documents

  • Further information

 

 

This package includes these following services Reference fees

Company Incorporation

  •  Name reservation
  •  Preparation of incorporation documents
  •  Registration with Registrar of Companies
  •  Bank account opening assistance
  •  Electronic Certificate of Incorporation
  •  Company profile extract form Registrar of Companies
  •  Minutes of first board meeting
  •  Share certificates
  •  Company seal
  •  Company rubber stamp
  •  Government and our professional fee
 

Company Secretary for 1 year

  •  Each Singapore based company must appoint a qualified company secretary who needs to be appointed within 6 months of incorporation. He or she is knowledgeable and experienced with Singapore company laws. Secretary is like administrator of the company, who takes care of all compliance aspects.
 

Nominee Local Director for 1 year

The following points should be noted:

  •  A security deposit is required to be held for the duration that a nominee director service is provided.
  •  Upon resignation of our nominee director, the security deposit is refunded less any outstanding fees or disbursements.
  •  You are required to complete our client profile form with full disclosure.
  •  The provision of our nominee local director is subject to the favourable assessment of the client profile form.
 

Company Registered Address (RA) for 1 year

 

 

 

The process and the steps for this package are as follows

Step 1: Submit Your Request

Let us know that you wish to proceed forward with this package by completing the form listed under Next Steps section. Upon receipt of your request, one of our Client Services Consultants will follow-up with you to clarify any questions you might have and to advice you of the next steps.

Step 2: Provide Company Incorporation Details

We will send you a link to a form for providing us with the necessary company incorporation details ( proposed company name, shareholder details, directors details, etc.) You will need to complete this form and send it to us so we can prepare the incorporation documents accordingly.

Step 3: Make Payment

Upon receipt of the completed form, we will send you an invoice for our services. In order for us to commence our services, you will need to make payment as per the invoice sent to you. We accept bank transfer, local cheque, cash, or credit card.

Step 4: Prepare Company Incorporation Documents

Upon receipt of the payment, we will prepare the necessary incorporation documents and email them to you for signing. If you are in Singapore, you can visit our office and sign the documents.

Step 5: Incorporate Company

Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the company with Registry of Companies i.e. Accounting and Corporate Regulatory Authority of Singapore (ACRA).

Step 6: Open Bank Account

Once the company has been registered with ACRA, we will assist you with opening of a corporate bank account by providing the necessary incorporation documents for the newly incorporated company. Please note that the bank will conduct their own due diligence and may require to meet with the Executive Directors of the company.

*The whole process can takes 3 to 7 days

 

 

Documents Required For Company Incorporation

For each Singapore resident individual shareholder and director:

  •  Copy of Singapore IC; and
  •  Copy of passport if the individual is not a citizen of Singapore

For each non-resident individual shareholder and director:

  •  Copy of passport; and
  •  Copy of residential address proof such as a recent utility bill, residential phone bill, tax bill, or cable TV bill

For compliance with our nominee director service:

  •  Personal bank reference letter for at least one shareholder and director
  •  Completed form along with resume / CV and passport

Please note the following:

  •  All documents must be in English or officially translated in English;
  •  All copies of documents must be certified true copies by a notary public or you must bring the originals to our office for sighting;
  •  If you are overseas, you can email us the scanned copies of documents so we can proceed with preparing the necessary incorproation documents. However we must receive the certified true copies (or sight the originals at our office) before we can incorporate the company.
  •  Our compliance department may ask for additional information if necessary.

 

 

Requirements of a limited liability company

  •  At least 1 shareholder
  •  At least 1 resident director (Singapore citizen, permanent resident or employment pass holder)
  •  1 locally resident Company Secretary
  •  Minimum paid-up capital of ONE share in any currency of any denomination (eg S$1)
  •  A local registered office address

Time for incorporating

The actual incorporation in Singapore can be completed in a few hours as the whole process is computerized. However, the overall process can take anywhere from one day to few days depending on the following factors:

  •  Name reservation: Before a subsidiary can be incorporated, its name has to be reserved first. Assuming there are no objections to the name proposed, the name reservation process can be accomplished in less than an hour. However, if the name conflicts with an existing name or if the proposed name contains some sensitive words that may require a review by relevant authorities, the name approval process can be postponed to few days or weeks.
  •  Signing of incorporation documents: If you are in Singapore, this is a quick and easy process. However if you are located overseas, the logistics involved in signing and sending the signed documents can take few days

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Global Links Asia

Support to Incorporate companies in Singapore, ...

Viet Nam office: 151 Dao Duy Anh St., Phu Nhuan dist., Ho Chi Minh city, Viet Nam

Singapore office: 11 Beach Road, #03-01 Crasco Building, Singapore

Hotline: (+84) 0938 531 588   (+65) 3163 4102   

Website: www.globallinks.asia
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