After Singapore company registration，10 things you need to know! After a period of preparation and running around,，Many business friends registered their companies in Singapore，On the contrary, I'm a little confused，Not clear about many issues，I found that subsequent issues regarding the normal establishment and operation of the company are also quite difficult.。Today’s consultation will share with you how to register a company in Singapore，10 things you need to know!
- Is there a time limit for a company to submit a "Shareholder Transfer/Shareholder List" to the Accounting and Corporate Regulatory Authority of Singapore? The company only needs to complete the shareholder declaration before submitting the "annual profit statement"，No specific time limit。
- How long does it take for the Accounting and Corporate Regulatory Authority of Singapore to process My Application? Normally，15Register a business in minutes to no more than 2 hours。
The Accounting and Corporate Regulatory Authority of Singapore will decide whether the application needs to be forwarded to another agency for approval。 For example，If you intend to perform real estate agency activities，Your application will be forwarded to the Inland Revenue Authority of Singapore (IRAS)，i.e. the relevant licensing authority。When an application is forwarded to another agency，The application may take approximately 14 days to 2 months to complete
- What is a business company? A business company can be a sole proprietorship or a partnership。
It can be owned by an individual or a company (such as a private limited company)。If a company is a "legal person"，then the "legal entity" can establish and own a commercial company。but，A business that is not a statutory company cannot register another commercial company。Unless first registered as a branch of a foreign company under the Singapore Companies Act，Otherwise, foreign companies cannot register new commercial enterprises.。
- What is a partner?
A partnership consists of multiple individuals or companies。Generally speaking，All partners have equal rights in managing the partnership。to avoid disputes，It is recommended that the company formulate a "Partnership Agreement"。Partnerships may have anywhere from two to twenty partners。Once there are more than twenty partners，Business entities must be regulated under Chapter 5 of the Singapore Companies Act，Register as a company。
- Who can apply for a certificate of compliance)? The company and any other interested party may
Require
Compliance certificate for any company。
- The company has been dormant since late last year，But the company has now received a summons for failing to hold the company's annual general meeting and submit its annual profit statement.，How should this be handled?
Even if the company is dormant，The company must also hold an annual general meeting and submit an annual profit statement。By submitting an annual profit statement，Provide company stakeholders with the fact that the company is dormant。If the company goes dormant，and has no intention of conducting business activities in the future，You should consider deleting the company’s registration information。
- What documents does a company need to include its company registration number?
All company related business correspondence，accounting statements，bill，Official notification，Publications issued or signed by a company are required to contain the company's registration number。
- When are directors responsible for company liabilities? Corporate officers (including directors) are generally not responsible for the civil liability of the company，Because the company has an independent corporate personality with each of its members (or shareholders) and senior managers。
but，According to the Singapore Companies Act，Company officers (including directors) may be held personally liable under the following circumstances:： (a) By signing certain documents，Company losses caused by issuing or authorizing the signing or issuing of the wrong company name; (b) If the officers of the company have no reasonable expectation of repaying the debts of the company，When paying debts on behalf of the company; (c) If company officers engage in fraudulent transactions，That is, any act committed by a company as a business party to defraud creditors or for fraudulent purposes (d) When the company has no profit to pay dividends If you need to know more about company directors，Please contact Zhilinjun，Fu Zhilin Group provides local nominee director services in Singapore，The annual fee is only S$2,500，Excludes 7% consumption tax，absolutely cheap，Treat each other with absolute integrity!
Under what circumstances are local nominee director services required? If you are a non-Singapore citizen，Singapore permanent resident，When registering a Singapore company，singapore government
Require
The company must have a Singapore local director，Only companies can be registered in accordance with the law。
- Company Secretary Statutory
Require
What is it?
Section 171 of the Singapore Companies Act
Require
All companies have at least one secretary (but can have more)，Office Secretary positions cannot be vacant for more than 6 months at any time。The secretary is appointed by the directors of the company，The secretary must be an individual whose principal place of residence is in Singapore。 According to Article 171，Company directors must appoint a company secretary with the necessary knowledge and experience，To perform the functions of secretary within 6 months from the date of establishment of the company。
Listed company secretaries must have relevant experience，Meet professional academics
Require
of and individuals who are members of professional associations，Must meet at least one of the following conditions： (a) The applicant must have at least 3 years of experience as a company secretary in the 5 years before being appointed as the secretary of a listed company.; (b) Under the provisions of the Singapore Legal Profession Act (Chapter 161)，The person is a qualified person; (c) The person is a public accountant; (d) The person is a member of the Institute of Chartered Accountants of Singapore; (e) The person is a member of the Institute of Chartered Secretaries and Administrators of Singapore; (f) The person is a member of the Institute of International Accountants (Singapore Branch); (g) The person is a member of the Singapore Institute of Corporate Accountants。
please note，If the company has only one director，Also need to hire a company secretary。Please also note，During company business hours as stipulated in the Singapore Companies Act，The company office needs to be attended by at least one company secretary or his agent。 Singapore company law，Every company registered in Singapore must have a qualified professional company secretary。
- If you want to convert a certain business of the company to another company，what to do?
Generally speaking，A business registered as a company (whether it is a sole proprietorship or a partnership) cannot be converted into a company.。A registered business (i.e. sole proprietorship or partnership) is a separate legal entity from the company，The law does not provide any conversion process。on the contrary，What the company needs to do is terminate the registered business (i.e. sole proprietorship or partnership)。 The company needs to inform the Accounting and Corporate Regulatory Authority of Singapore that it has ceased operations and incorporated a new company。
then you need： (i) Transfer the business assets and any existing contracts used in the business to the new business structure (ii) Obtain a new license (licenses are generally not transferable)。You need to provide the details of the registered business (i.e. sole proprietorship or partnership) and the date of business termination to the Accounting and Corporate Regulatory Authority of Singapore (this can also be submitted within 6 months before the business ceases，Whichever is earlier) and go through relevant procedures。
The above is the relevant information for Chinese to register a company in Singapore.，If you still have any questions you need to know，Consultation can answer your questions。 Return to Sohu，View more Responsible Editor：
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