Incorporating a Local Company in Singapore

Incorporating a Local Company in Singapore 在新加坡成立本地公司

Hello, there are you looking to start a company in Singapore? If yes, you have come to the right place. 你好,你想在新加坡开公司吗? 如果是的话,你来对地方了。

Before you begin incorporating a company, you must have the company’s name application approved. Approved name applications are reserved for 120 days. 在你开始注册一个公司之前,你必须让公司的名字申请被批准。经批准的姓名申请保留120天。

Once the company’s name application has been approved, the first step is to decide which type of company to incorporate. Companies in Singapore can either be private or public. A private company can have up to 50 shareholders. If you have 20 or less shareholders, and none of them are corporations, you can also choose to set up an exempt private company. Certain exempt private companies need not lodge their financial accounts with ACRA. On the other hand, a public company can have more than 50 shareholders. Public companies may raise capital by offering shares to the public. They must register a prospectus with the Monetary Authority of Singapore before making any public offers. 一旦公司的名称申请被批准,第一步是决定成立哪种类型的公司。新加坡的公司可以是私人的,也可以是公共的。一家私人公司最多可以拥有50名股东。如果你有20个或更少的股东,而且他们都不是公司,你也可以选择成立一个豁免私人公司。某些获豁免的私营公司无须向ACRA提交其财务帐目。另一方面,一个上市公司可以有超过50个股东。上市公司可以通过向公众发行股票来筹集资金。在进行任何公开发行之前,它们必须向新加坡金融管理局(Monetary Authority of Singapore)登记招股说明书。

Lastly, you can also incorporate a public company limited by guarantee, if you plan to conduct non-profit making activities such as promoting arts or charity. 最后,如果你计划进行非牟利的活动,例如推广艺术或慈善活动,你也可以成立担保有限公司。

Moving on, how many people do you need to incorporate a company? Well, a company must have at least one director who is ordinarily resident in Singapore. This means that the person’s usual place of residence is in Singapore, subject to the Ministry of Manpower laws. An employment pass holder may also be accepted as a director. The minimum age for directors is 18 years old. 继续,你需要多少人来组建公司?嗯,一个公司必须至少有一位通常居住在新加坡的董事。这意味着这个人通常居住在新加坡,受人力部法律的约束。持有就业证的人士亦可获接纳为董事。董事的最低年龄是18岁。

Next, you must also appoint a company secretary within six months of incorporation. This person must be residing in Singapore, and cannot be the sole director of your company. Do refer to the ACRA website for details on the minimum qualifications of a secretary. You can choose to appoint a chief executive officer if there is someone who will be employed to conduct business of the company. It is not compulsory for a company to appoint a CEO. 其次,你必须在成立公司后六个月内委任一名公司秘书。此人必须居住在新加坡,不能是贵公司的唯一董事。有关秘书最低资格的详情,请参阅ACRA网站。你可以选择任命一个首席执行官,如果有人将被雇用来处理公司的业务。公司任命CEO并不是强制的。

Lastly, you would need to appoint an auditor within three months of incorporation, unless your company meets the requirements for exemption from statutory audit. 最后,除非你的公司符合法定审计豁免的规定,否则你必须在成立后三个月内委任核数师。

If you are a foreigner you must appoint at least one director, who is ordinarily resident in Singapore. You must also engage the services of a registered filing agent to submit the online application on your behalf. If you are a foreigner who wants to incorporate a company, and be in Singapore to manage the operations, you must seek approval from the Ministry of Manpower before registration. 如果你是外国人,你必须任命至少一名通常居住在新加坡的董事。你也必须雇用一个登记的档案代理人来代表你提交网上申请。如果你是外国人,想要在新加坡成立公司,并在新加坡管理业务,你必须在注册前获得人力部的批准。

There is also one important document to prepare, your company Constitution. All companies have to submit their constitution to ACRA. The Constitution is a legal document that sets out the key characteristics of a company rules and regulations of how it is to be internally governed, and how its operations will be carried out. It also stipulates the rights and obligations of its participants, including its shareholders, directors and Company Secretaries. You may also choose to adopt a model constitution which is available on ACRA website. 还有一份重要的文件需要准备,那就是公司章程。所有公司都必须向ACRA提交章程。公司章程是一份法律文件,它规定了公司内部治理和运作的关键特征。它还规定了参与者的权利和义务,包括股东、董事和公司秘书。您也可以选择采用ACRA网站上提供的公司章程范本。

Once you have all the details ready, you can log on to BizFile+, ACRA’s online filing system at www.bizfile.gov.sg  to submit an application to incorporate the company. The company incorporation fee is $300. Alternatively, you can engage the services of a registered filing agent to apply online on your behalf. Directors, company secretaries and shareholders cited in your application must endorse the consent online via BizFile+ within 120 days from the date the company name application has been approved. 一旦你准备好了所有的细节,你就可以登录BizFile+, ACRA的在线文件系统www.bizfile.gov.sg,提交申请成立公司。公司注册费是300新元。或者,您也可以委托注册的文件代理机构为您在线申请。您的申请中提到的董事、公司秘书和股东必须在公司名称申请被批准后120天内,通过BizFile+在线签署同意。

Applications to incorporate a local company are usually processed within 15 minutes. This may take longer between 14 days and two months if the application needs to be referred to another agency for approval or review. For instance, if you are setting up a company to run a private school, the application will be referred to the Ministry of Education for review. 申请成立本地公司通常在15分钟内处理完毕。如果申请需要转到另一个机构审批,这可能需要更长的时间,从14天到两个月不等。例如,如果你要成立一家公司来经营一所私立学校,你的申请将提交教育部审核。

Once you have successfully incorporated a company, you will be issued a unique entity number, or UEN for short. The UEN is a business entities identification number which is required for transacting with government agencies. You can also choose at a fee a preferred UEN from the list of reserved UENs. With the UEN, you can now start running your business. 一旦你成功地组建了一家公司,你将被发给一个唯一的实体编号,简称UEN。UEN是与政府机构进行交易时需要的企业实体识别号。您也可以从预订的UEN列表中选择一个首选UEN,但要收取一定的费用。有了UEN,你现在可以开始经营你的生意了。

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