With the increase in the quantum of economic activities, Singapore has become everyone’s favorite place for conducting business. While there are various forms of companies available to choose from, a private limited company is the one that provides you with the required flexibility and control. Setting up a private company in Singapore is quite easy, thanks to the supportive authorities. The most important part of establishing your business is to get the firm registered. Registration of private limited company in singapore must be done with the ACRA or the Accounting Regulatory Authority and must be in accordance with the rules laid down by the companies act.
Get set register
The entire process of registration takes up a maximum of few hours if you are careful enough to get all the paperwork ready in advance. A few documents are must-haves for any company to get through the registration process. These documents include the company name which is the first and foremost step. Selecting a legit and meaningful company name will give acceptance to your firm among the potential clients in the initial days. The documents also require you to specify the area of work or the scope of business activities that shall be done using the name of the company.
Apart from this, other details include the details of the company’s registered office, details of the company secretary and shareholders, specifying the pattern of shareholding too. The memorandum and articles of association are two major documents that complete the registration process.