Articles
Open a Public Limited Company in Singapore
Updated on Tuesday 22nd March 2022based on 7 reviews
An entrepreneur who wants to open a company in Singapore has various options when it comes to the business structure to use for his or her commercial undertakings. The most popular types of company in Singapore is the limited liability company and the best about this structure is that it can be divided into:
- - the private limited liability company;
- - the exempt private limited liability company;
- - the public limited liability company.
While all three types of companies have common features, and share the same company registration procedure in Singapore, each has its own advantages. Among them, the Singapore public limited company is suitable for those seeking to list shares on the capital markets in the city-state. Below, our Singapore company formation experts will offer a presentation of the public limited company.
| Quick Facts | |
|---|---|
| Used for | Large corporations Can offer shares or debentures to the public |
| Investor liability | Limited |
| Minium capital | SGD1 |
| Number of shareholders | At least one and no more than 50 |
| Residency requirements | Not for the shareholders |
| Foreign investor restrictions | No foreign investor restrictions |
| Company secretary | Mandatory. To be appointed within 6 months of incorporation. The appointed natural person is a resident in Singapore. |
| Company requirements | The company's constitution is the legal document containing mandatory information about the business. The company has a registered office address in Singapore. The name of the company cannot be identical to an existing name. |
| Registration | with the Accounting and Corporate Regulatory Authority (ACRA) a prospectus is registered with the Monetary Authority before making public offers |
| Permits and licenses | Issued after registration, depending on the business field in which the company activates (i.e. for financial serrvices providers). |
| Corporate tax | 17% |
| Annual filing requirements | Annual General Meeting Annual return |
Characteristics of the Singapore public limited company
Those interested in starting a business in Singapore and choose the public limited company must take into account the following requirements:
- - it has a minimum number of 50 shareholders, while the maximum number is unlimited;
- - the minimum number of directors is 1, however it must also have at least 1 resident director;
- - it must have a secretary who cannot be a company, but a natural person;
- - it must have a registered address in Singapore.
Shelf companies registered as public limited companies can also be purchased in Singapore. Our agents who can help you open a company in Singapore can also offer more information on how buy this type of company.
How to register a Singapore public limited company
The company registration procedure for a public limited company is the same as for the private company. The steps to be completed when opening a Singapore public company are:
- - choosing and reserving the company name;
- - preparing the memorandum and articles of association;
- - filing the documents with ACRA;
- - registering for GST;
- - registering for taxation;
- - registering for social security purposes.
We remind you that foreign citizens seeking to open public companies in Singapore must appoint a local agent to handle the procedure. Our Singapore company formation consultants can assist with the registration process, so do not hesitate to contact us. In case you are considering setting up a private limited company in Singapore, you can also rely on us.
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.
As a Bestar client, you will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Singapore.
Call us now at +65 97236684 in order to set up an appointment with our consultants in Singapore.
