Guide to Setting Up a Foreign-Owned LLC in Singapore


Subject: Steps to Set Up a Foreign-Owned Limited Liability Company (LLC) in Singapore From: Remko Weingarten Email: [email protected] To: [Client's Name] Dear [Client's Name], I hope this message finds you well. I am writing to provide you with a detailed guide on how to set up a foreign-owned Limited Liability Company (LLC) in Singapore. 1. **Company Name Reservation**: The first step is to reserve a unique name for your LLC with the Accounting and Corporate Regulatory Authority (ACRA). The name should not infringe on any trademarks, and it should be meaningful and representative of your business activities. 2. **Registration with ACRA**: After the name has been approved, you can proceed to register your company with ACRA. This process is done online via BizFile+, ACRA's online filing system. 3. **Appoint a Resident Director**: Singapore law requires that every company must have at least one director who is a resident of Singapore. If you do not have a resident director, you can hire a professional firm to provide a nominee director. 4. **Appoint a Company Secretary**: Within six months of incorporation, you must appoint a company secretary who is a resident of Singapore. 5. **Register Office Address**: Your company must have a registered office address in Singapore. This address will be used for all official correspondence. 6. **Share Capital**: The minimum paid-up capital for setting up a company in Singapore is S$1. However, this can be increased at any time after the incorporation of the company. 7. **Shareholders**: A Singapore LLC can have a minimum of one and a maximum of 50 shareholders. Shareholders can be individuals or corporate entities and they do not need to be residents of Singapore. 8. **Constitution**: Your company must have a constitution. This document sets out the rules and regulations for the running and management of the company. 9. **Registration Fees**: There are fees associated with the registration of your company. These include a name approval fee and a registration fee. 10. **Bank Account**: After the company has been incorporated, you will need to open a corporate bank account in Singapore. 11. **Licenses and Permits**: Depending on the nature of your business, you may need to obtain certain licenses or permits before you can start operating. 12. **Annual Compliance**: Once your company is set up, there are annual filing requirements and fees to keep your company in good standing with ACRA. Please note that while the process of setting up a foreign-owned LLC in Singapore is straightforward, it is advisable to engage a professional firm to assist with the incorporation process to ensure all requirements are met. Should you have any questions or need further clarification on any of the steps, please do not hesitate to contact me. Best Regards, Remko Weingarten [email protected] aided in writing this text.


MEMO Memo to : client Memo from : Remko Weingarten Title : how to setup a LLC in singapore Memo description : steps to setup a LLC in Singapore foreign owned Detail level : very detailed BASE INFO Type of document : Memo filename : draft In what language : English

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