Private Limited Companies

Incorporation of a Private Limited Company

A company is a business entity registered under the Companies Act, Chapter 50. It has a legal personality i.e. it has rights to own properties, has perpetual succession and can sue or be sued in its own name. It usually has the words ‘Pte Ltd’ or ‘Ltd’ as part of its name.

The features of a Company (Private Limited) are as follows:

A business form which is a legal entity separate and distinct from its shareholders and directors

Exempt Private Company –20 members or less and no corporation holds beneficial interest in the company’s shares

Private Company – 50 members or less

A separate legal entity from its members and directors

Can sue or be sued in its own name

Can own property in company’s name

Members not personally liable for debts and losses of company

At least one shareholder

At least one director ordinarily resident in Singapore

If a foreigner wishes to act as a local director of the company, he can apply for an EntrePass from the Ministry of Manpower

Profits taxed at corporate tax rates

DDS Management offers the most comprehensive company incorporation package in Singapore, our incorporation service includes the following:

ACRA incorporation

ACRA company name check and reservation

Constitution

First board resolution

Issuance of share certificates

Resolution to open a company bank account

one company seal

Business profile

Advisory on Compliance Requirements