Public Company
Limited by Shares
Name usually ends with “Ltd.”. Liability of the shareholders to creditors of the company is limited to the capital originally invested by the shareholders.
Limited by Guarantee
Name usually ends with “Ltd.”. Carries out non-profit making activities of national or public interest, such as promoting arts, charity etc. Has no share capital. Liability of members is limited to the amount which they undertake to contribute to the assets of the company in the event of winding up. This amount will be specified in the company’s constitution.
Public Company | ||
Limited by Shares | Limited by Guarantee | |
Requirements | — At least 1 local director with local residential address — A licensed company secretary with local residential address — The registered office for the Company must be in Singapore — To pay a minimum of S$1 share capital, or each shareholder must hold at least $1 | |
— Must register prospectus with the Monetary Authority of Singapore before making any public offers | - | |
Benefits | — May have up to 50 shareholders | |
— May raise capital by offering shares or debentures to the public — Shareholders' personal finances are protected, and they are only responsible for company debts up to the nominal value of their shares. — Incorporated status will greatly improve your professional image and business profile. | — Exempted from the duty of having to file financial statements and reports with the Registrar of Companies (ROC) | |
Information Required | — Name of the Company — Brief Description of Business Activity(s) — Details of Shareholder(s), includes email, address, contact number — Details of Director(s), includes email, address, contact number — Registered Address (Local) — Details of the Company Secretary and other Key Personnel | |
Documents Required | — Memorandum and Articles of Association (MAA). ACRA provides the standard format to be used. Singapore Residents — A copy of your NRIC Foreigners — A copy of your passport — Overseas Residential Address Proof — Other Know-Your-Client (KYC) information such as a bank reference letter, personal and business profile, etc. Corporate Entity Shareholder — Certificate of Incorporation — Certificate of incumbency — Constitution (Singapore Company) — Latest Business profile (Singapore Company) |
Private Company
Liability of the shareholders to creditors is limited to the capital originally invested by the shareholders. This establishment is most common in Singapore, the name usually ends with Pte. Ltd. (Private Limited)
Private Company | ||
Exempted Private Company | Limited by Shares | |
Requirements | — At least 1 local director with local residential address — A licensed company secretary with local residential address — The registered office for the Company must be in Singapore — To pay a minimum of S$1 share capital, or each shareholder must hold at least $1 | |
— At least 1 individual shareholder | — At least 1 individual or corporate shareholder | |
Benefits | — The public records do not store the shareholders’ names. Only the Articles of Association and the Memorandum are made public. Exempted from the duty of having to file financial statements and reports with the Registrar of Companies (ROC) — Minimum capital and shareholder requirements — Loan flexibility — Competitive tax advantages (Corporate tax benefits) | |
— May have up to 20 shareholders | — May have up to 50 shareholders | |
Information Required | — Name of the Company — Brief Description of Business Activity(s) — Details of Shareholder(s), includes email, address, contact number — Details of Director(s), includes email, address, contact number — Registered Address (Local) — Details of the Company Secretary and other Key Personnel | |
Documents Required | — Memorandum and Articles of Association (MAA). ACRA provides the standard format to be used. Singapore Residents — A copy of your NRIC Foreigners — A copy of your passport — Overseas Residential Address Proof — Other Know-Your-Client (KYC) information such as a bank reference letter, personal and business profile, etc. | |
Corporate Entity Shareholder — Certificate of Incorporation — Certificate of incumbency — Constitution (Singapore Company) — Latest Business profile (Singapore Company) |
Unlimited Company
Liability of the members or shareholders is not limited
Unlimited Company | |||
Unlimited Private Company | Unlimited Public Company | Unlimited Exempt Private Company | |
Requirements | — A director who is ordinarily resident in Singapore — A company secretary who must be licensed individual resident in Singapore | ||
— At least 1 individual or corporate shareholder | — At least 1 individual shareholder | ||
Benefits | — May have up to 50 shareholders — Corporations can be shareholders | — May have up to 20 shareholders | |
— Exempted from the duty of having to file financial statements and reports with the Registrar of Companies (ROC) | - | - | |
Information Required | — Name of the Company — Brief Description of Business Activity(s) — Details of Shareholder(s), includes email, address, contact number — Details of Director(s), includes email, address, contact number — Registered Address (Local) — Details of the Company Secretary and other Key Personnel | ||
Documents Required | — Memorandum and Articles of Association (MAA). ACRA provides the standard format to be used. Singapore Residents — A copy of your NRIC Foreigners — A copy of your passport — Overseas Residential Address Proof — Other Know-Your-Client (KYC) information such as a bank reference letter, personal and business profile, etc. | ||
Corporate Entity Shareholder — Certificate of Incorporation — Certificate of incumbency — Constitution (Singapore Company) — Latest Business profile (Singapore Company) |
Neme:Alice Li
Email:alice.li@corpnergy.com
corpnergy2017@outlook.com
Singapore Contact:+65 81892283
Domestic Contact:18822867201