What are the documents that are necessary to register a company in Singapore?

 Singapore is ranked second in the world for ease of doing business. The term "electronic commerce" refers to the sale of electronic goods. If you want to expand your global reach, Singapore is now the best place to start a business. To expand your business, the first thing you need to do is register your company. To register your company in Singapore, you will need the following documents.

The following information and documents are required for a successful Singapore business incorporation:

Name of the Company

To set up a company in Singapore, the proposed name for the company must be approved first. An application to ACRA is required to obtain approval for a company name. Then, a search at BizFile+ can be performed to see if the desired business name is already in use.

Registered Address

A registered address is required during the formation of a company. A registered address can be the same address as your business office, but equally, it can be in a different location.

A registered address need not be a commercial property; it can also be a residence. However, there are advantages to using a corporate address, such as protecting your home address and providing your company with instant credibility with new and potential clients.

The address provided for the company must be in Singapore. A physical address is required; a P.O. Box will not be accepted.

A Description of Business Activities

Business activities include any activity that a company engages in with the primary goal of profit. This is a broad term that refers to all economic activities carried out by a company during the course of its operations.

Manufacturing, distributing, marketing, and selling are examples of operating activities that directly relate to the business providing its goods to the market; they provide the majority of the company's cash flow and have a significant influence on its profitability.

Particulars of Shareholders

A shareholder agreement is a crucial legal document that is necessary as part of the incorporation procedure in addition to the company constitution.

A shareholder can be either an individual or a legal entity such as a trust or another corporation. Singapore allows for 100 percent foreign ownership of Singapore companies.

The shareholder agreement is a legal document that lays out the rules and regulations for managing the company, including the relationships between various parties, such as shareholders, directors, and managers. In addition, a shareholder agreement adds specific regulations that the company constitution does not cover.

A comprehensive shareholder agreement allows for smooth management of the company and reduces disputes between the company's various business parties.

Directors' Particulars

Directors must be adults (18 years of age or older) who are not barred from holding directorships in Singapore or overseas.

You will always require a minimum of one local resident director. This person must be a Singaporean national, a Permanent Resident, or possess an EntrePass visa at the time of company registration.

Memorandum and Articles of Association of the Company Secretary (MAA).

While the Articles of Association (the "Articles") regulate the internal affairs of the Company, the Memorandum of Association (the "Memorandum") is the document that is visible to the public and contains prescribed information of importance to outside parties.

Every business must choose a corporate secretary. This person will assist the directors in creating and submitting the required paperwork to maintain the company's compliance.

Identity Proofs

As identity proof, you can provide a copy of the Singapore identity card (I.C.) for Singapore residents or a copy of the passport, proof of overseas residency, and other information for foreigners.