Business Formation and Corporate Secretarial

Business Formation Services

At STA we can help you set up and register the following business entities:-

  • Sole-Proprietorship
  • Partnership
  • Limited Partnership (LP)
  • Limited Liability Partnership (LLP)
  • Company
  • Branch
  • Representative Office

Each entity has different implications and accounting methodology that is required at the end of each year. It’s important to remember to seek our advice on the range of business entities that will best suit your needs depending on your circumstances and future goals.

We can guide you into establishing business structures that will work for you. You may find that the best solution to use a company as a business structure. We can register these entities on your behalf to make sure you set up structures that protect assets and minimise tax implications.

Benefits of Company Incorporation

  • Protection of personal assets and limiting company and personal liabilities
  • Substantial tax savings for the first S$300,000 taxable profits at a lower tax rate (est 8.5%)
  • Easier access to capital funding through the sale of shares and borrowing from banks

Minimum Requirement for Company Incorporation

  • At least one director who has to be an ordinarily resident in Singapore
  • At least one shareholder
  • Minimum paid up capital of S$1
  • At least one corporate secretary

Information required for Company Incorporation:-

  • Proposed company name
  • Business activities in brief description
  • Paid up share capital
  • Registered office address
  • Directors and shareholders’ particulars

Our company incorporation package:-

  • Advice on the appropriate paid up capital
  • Business profile
  • Common seal
  • Government registration and filing fees
  • Memorandum & Articles of Association
  • Minute book & statutory registers
  • Opening of first bank account excluding out-of-pocket expenses
  • Professional service for incorporation
  • Reservation of one company name
  • Share certificates

Corporate Secretarial Services

STA offers a complete corporate secretarial service for companies. Examples of special advisory matters include:-

  • Advising on date of AGM
  • Filing of Annual Returns
  • Issue of Share Certificates
  • Preparation of notice and minutes of AGM
  • Preparation of standard resolutions
  • Safe-Keeping of Company Seal
  • Set up and maintaining of Minutes File
  • Set up and maintaining of Statutory Registers

Company Closure - Striking Off

A company could apply to ACRA to be struck off the register if the company:-

  • is not and will not be involved in any court proceedings
  • has ceased operation or not commenced business from date of incorporation
  • has no assets and liabilities
  • has no outstanding penalties and not indebted to other government agencies
  • has no outstanding tax liabilities
  • has no outstanding charges
  • has obtained written consent from majority of the shareholders

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