Singapore Private Company Registration Guide (2) – Summary of Features of Singapore Private Company
| General Information | |
| Company Law | Companies Act 1994 (amended in 2005) |
| Type of Company | Private company |
| Language of Legislation and Corporate Documents | English |
| Taxation of Foreign Profits | Varies |
| Exchange Controls | No |
| Length of Time to Incorporate | 1 day |
| Shelf Companies Available | No |
| Corporate Names | |
| Name Restrictions | Offensive names |
| Endings and Abbreviations Required | Must contain the words “Limited” or “Berhad”, and “Private” or “Sendirian”, or its abbreviations |
| Length of Time to Verify Name Availability | 1 day |
| Reservation of Names Permitted | Yes |
| Language of Name | English |
| Name of Banks, Insurance, Investment Fund, Trust Company or their equivalents requiring consent or license | Yes |
| Capital and Shareholders | |
| Minimum Number of Shareholders | One |
| Local Shareholders Required | No |
| Corporate Shareholders Permitted | Yes |
| Disclosure of Shareholders | Yes |
| Minimum Authorized Capital Required | Yes |
| Bearer Shares Permitted | No |
| Registered Shares Permitted | Yes |
| No Par Value Shares Permitted | No |
| Directors and Officers | |
| Minimum Number of Directors | One |
| Qualifications of Directors | Legal age |
| Officers Required | Yes |
| Corporate Directors/Officers Permitted | No |
| Local Directors/Officers Permitted | Yes (sole director must be resident, if more than one director are appointed at least one of them shall be resident) |
| Appointment of Subsequent Directors/Officers | Resolution |
| Meetings | |
| Annual General Meeting of Shareholders Required | No |
| Annual General Meeting of Directors Required | Yes |
| Location of Directors and Shareholders Meetings | Anywhere |
| Adoption by Consent Permitted | Yes |
| Quorum required for purposes of meetings | Determined by the Articles of Incorporation |
| Local Requirements | |
| Qualified Registered Office/Agent | Yes/No |
| Government Register of Shareholders | Yes |
| Government Register of Directors/Officers | Yes |
| Government Register of Charges | Yes |
| Register of Directors/Officers to be kept at Registered Office | Yes |
| Company Seal Required | Yes |
| Copy of Minutes to be kept at Registered Office | Yes |
| Copy of Share Register to be kept at Registered Office | Yes |
| Annual Requirements | |
| Minimum Annual License Fee or Franchise Tax | S$315 |
| Annual License Fee or Franchise Tax Due Date | Anniversary’s date |
| Applicable Surcharges | Minimum S$50. Penalties increase gradually based on the amount of days the company fails to present its annual return. |
| Requirement to File Annual Returns | Yes |
| Requirement to Submit Annual Audited Accounts | Yes |
| Other Relevant Information | |
| Member of Apostille of the Hague Convention | No |
| Increase or Reduction of Capital | By director’s resolution |
| Redomiciliation Prohibited | Yes |
| Reinstatement at Registry | Yes |
| Removal from Registry | Voluntary winding up or applying to strike off of the company. |