Company Incorporation – An Easy Process
Company incorporation is the procedure of incorporating a company or business. It’s also referred to as the legal, corporate entity that separates the business, its properties, and income of its principal owners from that of the shareholders. By incorporating a company in Singapore, you are not only setting up the company on a legal foundation but also creating a partnership with other businessmen from the country. This will allow you to expand your company’s resources, products, and services, as well as increase your name recognition in international markets. The process of incorporating a Singapore company is complicated. We will explain them below.
It is essential to prepare all documents necessary for company incorporation in Singapore. Two documents are required for incorporation: the Memorandum, and the Articles of Association. These documents are to be submitted to the Registry of Companies at the Ministry of Economic and Business Affairs of the Singapore Government. The company incorporation petition must also be filed at Companies Registry of Singapore. It must include copies of the Memorandum of Association and Articles of Association executed by all principals involved in company incorporation. Besides, a certified copy of the Articles of Association duly executed by all the principals must be sent to the Companies Registry of Singapore along with the duly executed Memorandum and Articles of Association.
Documents required to incorporate a company
These documents are not the only documents required to incorporate a company in Singapore. The Operating Agreement, bylaws, as well as the constitution of the company are examples of these documents. Once these documents are received from the company registration authorities of Singapore, they are to be registered in the prescribed manner. Electronic signatures are one way to do it. Another method is through the traditional method of publishing the document in the Official Gazette and on the company registration notice board in the country where the company registration is being filed.
Forming a company in Singapore involves different processes. To register a company, the applicant must first apply for it. After submitting the application, the applicant receives a certificate of company registration. He or she must then execute the company registration. Next, he/she will need to open company bank accounts and transfer money to company account.
The next step is to complete the company incorporation process. He or she can also execute the process for company incorporation, if he or she has already opened the bank accounts. Otherwise, the company name must be registered in the Legal Name registering a company in Singapore.
Other documents required for company incorporation are the Articles of Association, Memorandum and Articles of Association. These documents will be used in order to complete the company registration process. These documents must be registered before they can be transferred to the company account. After company registration, all the documents are to be executed in the company name before the company remains active.