How to register a Singapore company、Singapore non-profit foundation? What are the requirements for registration?、
cost
、time? Singapore is currently the hottest ICO project location in the world。Singapore as the financial center and international arbitration center in Southeast Asia,Open policy,Have a complete and stable legal system,Blue sky and white clouds,sunny……Various
Advantages
Naturally, it has become the most popular country where blockchain projects have been launched.。
By sorting out the registration status of 30 companies involving blockchain that have received more attention in the Singapore market.,Contains Huobi,Bitmain,Vechain,Quantum Chain (QTUM),AELF (Original Grid)) ,Genaro Network, Kyber Network, Scry, Robin8,and OKcoin etc.,Covers Singapore’s major blockchain companies and China’s major overseas ICO/blockchain projects in Singapore。
I hope it can provide some reference for pioneers who need to go overseas.。1.How do so many overseas Singapore blockchain ICO companies register? Judging from the collation results,The most popular option is Private Company:Maximum 50 shareholders,Shareholders can be natural persons and companies。77%of companies are private companies。
23%The company is a public company and is :Public Company Limited By Guarantee, CLG)。2.What is the difference between these two company types?
Features of a Private Limited Company:
- The minimum number of shareholders is 1 and the maximum number is 50,Can be natural persons and companies;
- At least 1 local director,1A legal secretary (cannot be the same person);
- limited liability;
- Those with annual turnover exceeding S$5 million need to be audited;
- The first 100,000 Singapore dollars of profits in the first three years after the company is established are exempt from corporate tax.,30Corporate tax rate within SGD 10,000
- 5%,The tax rate for portions exceeding RMB 300,000 is 17%。
A public company limited by guarantee has the following characteristics::
- separate legal entity;
- limited liability:Joint and several liability is the maximum limit for each member's guarantee (it is also possible to lose up to SGD 1);
- no shares,There is no share capital (Share Capital);
- Memorandum&Articles of Association) need to clarify the maximum liability of each member;
- Non-profit:Initially targeted at non-profit organizations;
- Not participating in benefit distribution。
The company requires at least 2 company officers。At least one director must be a Singaporean or permanent resident。Generally, firms can provide nominee director services。Briefly disclose the Singapore registration status of several overseas companies,Learn from the forerunners。Most of the pioneers will only land in Singapore in 2026.。3.Do you need to set up a foundation? From the statistical data,77%The blockchain project is registered as a private limited company。
There is no legal entity in Singapore called a “foundation”,The closest is probably "Company Limited by Guarantee" (CLG is a public company,Annual inspection and audit are required every year)。4.Do I need to set up a private limited company (with a foundation in the name) or a public company (a non-profit foundation)?
For company registration,Registering PUBLIC COMPANY LIMITED BY GUARANTEE in Singapore is not easy,Many small intermediaries do not provide or are not qualified to provide relevant registration services.。
To register this type,Lawyers are needed to provide more complex consulting services for the company's business,There are a lot of formalities to be processed,And it takes longer;If you have a Singaporean director,register
cost
Around fifteen thousand,if not possible
cost
It costs 30,000 to 50,000 yuan。
Since ICO/blockchain is an emerging industry,At present, there are not many lawyers in the market who provide corresponding legal services.,Lawyers who have the ability to follow up the entire project and complete relevant procedures currently quote an hourly rate of US$1,000-1,500.。
It takes less time to register as an EXEMPT PRIVATE COMPANY LIMITED BY SHARES,If everything goes well, you can get your business license in 1 to 3 days.;However, due to the fact that Singapore banks have improved their supervision in recent years in terms of anti-money laundering/KYC/anti-terrorism, etc.
Require
,Opening an account may take a relatively long time,The bank's internal review may take 1 to 3 weeks。
Ordinary for-profit foundations are easier to establish,Also easier to manage,No mandatory audit
Require
;A for-profit foundation can convert to non-profit at any time later,This can be accomplished by a lawyer amending the articles of incorporation。
Registration of a Singapore company (for-profit foundation) requires qq:134-170-
- Company Name:Can only register in English,Company type is Private Limited Company,Take PTE. LTD.End;
- Registered capital:No capital verification required,Starting from SGD 1,There is no upper limit to the maximum,Over S$500,000,Annual fees for the Singapore Business Alliance need to be paid every year;
- Director Shareholder:Provide a scanned copy of the passport + ID card (proof of address) of at least one director and shareholder,Registration for non-Singapore residents,Need to open an account later,At least two directors (except local directors in Singapore) are required to register;
- Registered address:Singapore local registered address (our company can provide it);
- Business scope:You can choose up to 2 main business activities (generally choose computer software、network、Business scope in information technology, etc.);
- company legal secretary:Our company provides;Registration time:Usually 2-3 weeks。
register
cost
:*****RMB (including Singaporean nominee directors)
cost
)。
Required for registration of Singapore non-profit foundation:
- Company Name:Can only register in English,The company type is a public company limited by guarantee,Ending with LTD. or LIMITED;
- Registered capital:No registered capital,But each member will pay SGD 1;
- board member:director
Require
Just like an ordinary company,But there are no shareholders,called members;
- Registered address:Our company will provide;
- Business scope:and common company types;
- company legal secretary:Our company provides;Registration time:Takes 4-6 weeks。
register
cost
:*****RMB (you provide Singaporean directors);*****Ten thousand yuan (our company provides Singaporean directors)。After registration of a general for-profit foundation,If you don’t have a bank account, you don’t need to undergo an audit.,Non-profit foundations must undergo annual inspections and audits after registration。
About Hong Kong Xintong
Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong Kong MSO Licenseandmoneylenders licenseApply for service,Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico,Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services,Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more,Please contactHong Kong Information Communications Consultant。