Registered Companies In Singapore

Considerations For Becoming One Of The Registered Companies In Singapore

When you intend to set up a business and become one of the successful registered companies in Singapore, there are certain essential factors that have to be understood and considered. It is advised that a professional agency is engaged for this purpose. The most common type is the private limited company, which is the main focus of this piece.

Registered Companies In Singapore – A Two Step Process

The first step involves the approval of the name. File an application with the Company Registrar. As a guide to have a quick name approval, it should not be identical or too similar to any one of the current local company names.

It should not also come into conflict with any existing trademark. Additionally, make sure that it is not yet reserved and that it isn’t in anyway offensive.

The names of registered companies in Singapore will be reserved for 60 days starting on the date of the application. But this can be extended for another 60 days by making the request not later than the expiry date.

Step two is the company registration itself. Private limited liability registered companies in Singapore that have gone through this phase paid about SGD300 to the Registrar of Companies.

This can be finished in as quickly as a few hours only provided that the incorporation documents have been signed by all directors and shareholders. However, delays sometimes happen in cases where the signatories involved are of different nationalities.

Documents Being Issued To Registered Companies In Singapore

The Certificate of Incorporation is usually emailed which is considered official already. This is so because a hard copy version is no longer needed. However, a hard copy can still be availed of via an online request to be made to the Company Registrar following the incorporation process. The document can be picked up from the office of the registrar a day after payment of SGD50 is made.

On the other hand, registered companies in Singapore can get hold of their business profile via an online arrangement also with the Company Registrar. The document can already be downloaded 1 hour after the online request has been made.