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, it has perpetual succession and it can sue or be sued in its own name.
The Requirement and Benefit of Setting up a Private Limited Company are as follows:
A Private company has 50 or less shareholders and restricted rights in share transfers
Enjoy the benefit of limited liabilities
Enjoy Corporate tax exemption for up to SGD$100,000 profit for its first 3 years of business. Not require to Pay CPF if you are drawing Director fees.
Time for the Incorporation of a Private Limited Company take about 1 to 2 days, together with the preparation of company Memorandum & Articles and Association(MAA)
FOR INCORPORATION OF PTE LTD COMPANY, OUR COMPANY PROVIDES THE FOLLOWING SERVICES WITH NO CHARGE:-
1 year FREE company secretary / corporate secretary services (worth $600).Appointed and registered in Accounting and Corporate Regulatory Authority (ACRA)as Company Secretary for 12 months, which is a requirement under the
Complimentary Free company name check online prior to registration, and advise instantly on alternative name available
Preparation of company M & AA (Memorandum & Articles and Association) (Require for the opening of Bank account and etc.)
Preparation of Resolution for opening of bank account
Purchase from ACRA, 1 Sets of Business Information Profile (for opening of Bank account and etc.)