D&I Corporate Services

A public company limited by guarantee is one which carries out non-profit making activities that have some basis of national or public interest, such as for promoting art, charity etc. The Minister may approve the registration of the company without the addition of the word “Limited” or “Berhad” to its name.

Requirements

A company can have at least one director who must be “ordinarily resident in Singapore” i.e. a Singapore Citizen, a Singapore Permanent Resident, a person who has been issued an Employment Pass/Approval-In-Principle letter/Dependant’s Pass. Any person above the age of 21 years may be appointed as a director. However, some individuals e.g. bankrupts and individuals with criminal records within or outside of Singapore, are disqualified from being directors.

Procedures

The processing time of name application is on a case-by-case basis. The minimum processing time is 2 hours while some require 14 days or more. Generally, the whole process of incorporation will be done within 1 working day.

Proposed Company Name

For information, all limited companies in Singapore end with ‘LTD.’ or ‘LIMITED’. For example: XXX LTD.

Issue and Paid Up Capital

For your information, the liability of shareholders is only limited to the amount invested or paid up share capital. The minimum paid up share capital is S$1.00.

Service Charge