The proposed title of your Singapore Offshore company must be approved
Accounting and Corporate Regulatory Authority (ACRA) of Singapore.
The company must have at least one local director, shareholder, and company secretary. Directors should be natural persons of 18 years and above.
The minimum paid-up capital is $1.
Company’s registered legal address:
A registered address is part of company registration in Singapore. It can be a residential address or a commercial address. But it should not be a post office box.
Opening of Bank Account:
Offshore company owners are required to open a bank account in Singapore. Most bankers in Singapore require the person who is opening a bank account to be there physically for the opening of the account. This is the only step which cannot be completed from abroad.
Those who plan to carry out business operations in Singapore may require a business license depending on the nature of the business.
Company Constitution, memorandum, and Articles of Association:
These include details regrading directors’ rights, company management, and shareholder agreements, among other important matters.
Required Documents for smooth Procedure:
Copies of passport of proposed shareholders and directors.
Proofs of residential address of proposed shareholders and directors.
Details of the holding company if the shareholder is a corporate entity.
IP & Trademark:
You can register Intellectual Property of your own in all of the jurisdictions with the Singapore company.
Applying for Merchant account:
This service will be operational after the corporate bank account is activated.