Company Closing: Strike Off

Incorporation, Secretarial and Nominee director from SGD 5,000

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You must meet the following requirements before applying to the ACRA to start the process of forming a Singapore private limited company:

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• At least one shareholder: The shareholder can be an individual or another company. 50 shareholders are the maximum allowed for a Singapore private limited corporation.
• One nominee director: Singapore Citizen/ Permanent Resident (PR) appointed by CSP
• Minimum paid-up capital of SGD1: One Singapore dollar is all you need to start a business in Singapore
• Minimum of one company secretary: One Singaporean resident as company secretary to compliance with regulatory requirements and tax filings.
• Local registered address: A physical Singapore address (no P.O. Box) is required

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The price is fully inclusive covering all registration preparation, ACRA filing, and the government fee with no hidden charges.

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Appointing Company Secretary (ACRA compliance requirements)

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Companies must appoint a company secretary within six months from the date of incorporation. This position cannot be left vacant for more than six months, or the directors may face a penalty of up to SGD1,000.

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A company secretary is responsible for the administration of the company. They are also required to ensure that all directors and shareholders are informed of their statutory obligations, such as the filing of annual returns.

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The responsibilities of a secretary can vary depending on a company's needs. Below are some examples:

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• Maintain and update the company’s registers and minutes books.
• Administer, attend and prepare minutes of meetings of directors and shareholders.
• Keep company directors aware of the deadlines for annual returns and any other filings required by ACRA.
• Update directors and shareholders on relevant changes in corporate regulations.