Starting a business in Singapore implies complying with various requirements imposed under the Company Law. Even if this act does not provide for a specific amount that must be deposited as minimum share capital, there are certain aspects that need to be considered in respect to it. One of them covers the issuance of shares based on the contribution of the participants in the company. The procedure is called allotment of shares and it must be made by meeting certain criteria.
Below, we invite you to read about the allotment of shares in Singapore. Our company formation specialists in Singapore are at your service with tailored guidance in setting up a business.
One of the best aspects about opening a company in Singapore is that there are no requirements to deposit a specific amount of money no matter the type of structure selected. However, local and foreign investors who decide to operate in the city-state must consider other aspects when setting up a business here.
Here are the most important things to consider:
Only private and public limited liability companies in Singapore must have a share capital upon incorporation.
Our agents can offer more information on the allotment of shares in Singapore in accordance with the selected types of company. We are also at your service if you want to set up a branch office in Singapore.
There are various aspects to consider about the allotment of shares in Singapore and one of the most important refers to the types of shares a company can issue.
Here are the main types of shares according to the Company Law:
All these shares can be allotted in different ways based on the type of company issuing them.
Our company registration advisors can provide detailed information on the allotment of shares in Singapore.
A simple definition of allotment of shares implies the issuance of new shares in return of cash. Generally speaking, the allotment is made to increase a company’s share capital. The procedures are made by meeting different requirements based on the type of legal entity issuing them.
If you want to expand a foreign business by setting up a branch office in Singapore, you should note that such an entity cannot issue shares.
The process implies filing a Return of Allotment of Shares application form with ACRA by the private or public enterprise issuing them. Before filing the application, the following papers must be drafted:
Other aspects to consider imply:
Our Singapore company formation officers are at your disposal with detailed information on the issuance of shares.
Singapore is one of the most appealing foreign investment destinations in Southeast Asia, and according to data gathered by SingStat:
If you need more information on the allotment of shares in Singapore, do not hesitate to contact our local representatives.