The most common type of business entity registered in Singapore is a private limited company. A limited company means that the liability of the shareholders does not extend to them personally, unlike a sole proprietorship or a general partnership. After contribution of the agreed share capital by the shareholders in full, any liability is with the company. The incorporation of a limited company establishes a separate legal personality for that company with the same rights and obligations of a natural person. It also becomes a taxable person in its own right.
The regulator for Singapore companies is the Accounting & Corporate Regulatory Authority (ACRA) and all Singapore registered companies are governed by the Companies Act.
The governance structure of a company is codified in the company’s constitutional documents, i.e. the Constitution, otherwise known as the articles of association. The Constitution sets out the interrelationship between its organs and internal procedures they are bound by. All Singapore Private Limited Companies must have at least one director who must be ordinarily residing in Singapore.
Register a Singapore Limited Company
Singapore has a leading position in the Asian and global economy as the financial centre and business hub in South-East Asia. The city-state’s developed infrastructure, political stability, open business policies, skilled workforce, protection of intellectual property and use of English as the main working language attracts foreign companies as a reliable base for regional ASEAN headquarters and global operations.
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