Rules to Follow for Singapore Company Incorporation

The most asked question is who can incorporate a company in Singapore. If you are over 18, you can do it. Actually, no specific age is required, except that you need to be over 18. Also, there are some others factors like:

• The person should be residing in Singapore (a local)
• Someone who is staying in Singapore or it can be someone from another country having a local address.
• When it comes to foreigners, they should have a pass, either Employment pass, dependent one or Entrepreneur pass.

So, these people are eligible for Singapore company incorporation.
In addition to what is said before note that the director should not have been bankrupt in the past or been involved in any dishonest practice.

There are several other requirements which need to be fulfilled in order to have successful company incorporation in Singapore.

• Shareholder (s)
•  A director
•   A secretary

Keep in mind that the director and the shareholder can be the same person. However, it is advised to have a separate shareholder because most of the time, financial institutions need two signatures. The company secretary should be a native of the country and should be appointed within 6 months of incorporation.
When it come to the name of the company, make sure it is unique. If it is not, it will be rejected. Singapore Standard Industrial Classification (SSIC) needs to be supplied too. Also, the company should have an address, a local one.

For the regulation of businesses in Singapore, it is the Accounting and Corporate Regulatory Authority (ACRA) which is responsible.

At the end of the day, to make this successful, what is needed is only to follow everything properly. When it comes to foreigners, it is better to appoint a service provider which will guide you all the way.