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How to Change the Name of Your Singapore Company

Updated on Wednesday 05th December 2018

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How-to-change-your-business-structure-in-Singapore.jpgBoth local and foreign entrepreneurs have the same rights when it comes to setting up a company in Singapore. They are also allowed to amend various documents related to their companies, such as the Articles of Association, as well as to bring other changes to their businesses.

There are various types of changes which can be brought to a company and all of them must be announced with the Accounting and Corporate Regulatory Authority and the Inland Revenue Authority in Singapore. There are also situations in which other authorities must be informed about the changes brought to a company.

One of the most often met changes is the company name replacement once the Singapore company has suffered various alterations, such as a change in the company structure or if the business has undergone a merger or acquisition.

If you want to change your company’s name, our Singapore company formation consultants can guide you through the procedure.

When can a Singapore company’s name be changed?

There are various reasons to change a company’s name, apart from the ones mentioned above. The Singapore Company Law provides for several reasons for changing the trade name, including when the shareholders of the company plan to rebrand the company or if the company has expanded and wants a more appropriate name in accordance with its new status.

Our local advisors can also help if you want to open a company in Singapore.

Steps for changing the company name in Singapore

Even if changing a company’s name is not complicated, the process must still follow a few steps. These steps consist of:

  1.        selecting a new trade name which complies with the requirements of the Company Law;
  2.        filing the request for company name change with the Trade Register in Singapore;
  3.      agreeing on an Extraordinary General Meeting with the shareholders in order to approve the change of the company’s trade name;
  4.     once the company’s name is changed, all the documents bearing the company’s name must be replaced, including the company’s seal.

It should be noted that a special resolution must be passed by the Singapore company’s shareholders when changing the business’ trade name.

Choosing a new name for a company in Singapore

As mentioned earlier, the new company name must comply with specific criteria as imposed by the law. These criteria imply:

  • -          the company’s name must be unique;
  • -          it must not be categorized as undesirable;
  • -          it must not be similar to any other company name reserved by another business;
  • -          it must not resemble any registered address in Singapore;
  • -          it must not be restricted by the Ministry of Finance.

Our company registration agents can help foreign business owners in choosing appropriate names for their local companies. We can also help if they want to open a company in Singapore.

The Extraordinary General Meeting for changing a Singapore’s trade name

One of the most important steps in changing the company name in Singapore is Extraordinary General Meeting of the shareholders in which the resolution for replacing the old name of the business must be passed. They will have to pass a special resolution in order to change the company name.

The steps for this procedure imply:

  • -          the meeting must be established after ACRA has approved the company name change;
  • -          at least 75% of the shareholders must agree with the change of the company name;
  • -          the meeting must be announced 14 days ahead in the case of private companies;
  • -          the resolution for the change of the trade name must be done in writing.

Once the resolution was passed, the notification must be filed with ACRA in maximum 14 days.

Documents required to change the company name in Singapore

Changing a Singapore’s company name is not complicated, as the only documents needed to complete the procedure imply to submit the company’s Memorandum and Articles of Association, the resolution passed by the shareholders and the original application first filed with ACRA.

The documents can be filed by the Singapore company secretary. Our Singapore company formation consultants can complete the procedure of changing the trade name with the Trade Register on behalf of our clients.

Final steps when the changing company name in Singapore

Once the procedure of changing the company’s name has completed, ACRA will issue a certificate for the name change. Then, the company will be required to make the amendments to various documents the company usually issues, to the letterhead, the company’s seal and the stamp. The new company name must also be announced with all tax authorities in Singapore.

The whole procedure of changing a company’s name takes one week.

For assistance in changing the company name, please contact us. We can also help if you want to open a company in Singapore.

 

Why choose us?

Roger Pay is the Managing Director of Bestar and an experienced company formation consultant. He will help you open your company in Singapore as fast as possible. 

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As a Bestar clientyou will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Singapore.

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Call us now at +65 97236684 in order to set up an appointment with our consultants in Singapore

 
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