Singapore is located on the southern tip of the Malaysia peninsula and is one of the Asian Wonder economies. Singapore is a major international financial and trade centre, which is a reputation of highly regulated jurisdiction.

Singapore adopts a British based legal system, operating in a common law environment.

Since 30 January 2006 , the shares of a Singapore company ceased to have authorized share capital and par value. However, The minimum paid up share capital of a Singapore company is SG$1.00.

At least one director is appointed who is ordinarily resident in Singapore. Director must be above 21 years old and have not been previously disqualified from acting as director.

Company secretary
The company secretary must be a natural person who must be resident in Singapore and has to be appointed within 6 months from the date of incorporation of the company.

Registered office
Each Singaporean company must have a local registered office which must be a physical address and not just a Post Office box.

A local auditor has to be appointed within 3 months from the date of incorporation of the company.

Annual general meeting, annual return and accounting
Annual General Meetings must be conducted every year, when the company accounts are presented to the shareholders for approval. Annual returns must be submitted annually, a duty which is performed by the Company Secretary. Proper accounting records must be kept and financial statements must be audited annually.

All Singapore companies must keep proper accounting records. Companies which are not exempt private or which have annual turnover of at least SG$5 million are subjected to annual statutory audit of its financial statements. An exempt private company is a private company whose beneficial shareholders are all individual persons and has no more than 20 members.

Public records
The Registry of Companies and Businesses in Singapore is statutory required to keep the following records and are available to the public:
a.Names and addresses of all directors, shareholders and company secretary
b.Name and address of auditor
c.Registered address, business address, company name and business registration number
d.Mortgages and charges

How Manivest Can Help You
The directors and management of Manivest are professionals in the offshore industry having served the Asia markets for over 20 years. Through our offices in Hong Kong, Shanghai and Macau as well as our associates in other Asia cities, we offer a full range of comprehensive value-added services to professional advisors and their clients.

Manivest offers the following services:
  • Incorporation of Singapore corporation
  • Incorporation of offshore onshore /offshore companies and structures in other jurisdictions
  • Full corporate management services
  • Registered office, business office, mail redirection and business centre (available in selected locations only)
  • Accounting services
  • Re-invoicing services
  • Asset protection and preservation advisory services
  • Business establishment services
  • Market exploration services
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