Starting a business in Singapore implies completing various formalities before and after the company is incorporated. One of the most important aspects related to shareholders is the allotment of shares which after is done must be followed by the issuance of share certificates for each participant.
From a legal point of view, the issuance of a share certificate in Singapore is governed by the Company Law.
Below, our company formation specialists in Singapore explain how share certificates are issued and the occasions these documents must be released. You can rely on us for various services, including assistance in setting up a subsidiary in Singapore.
The simplest definition of the share certificate is that it represents the document through which a shareholder can prove he or she is a participant in a Singapore company or limited liability partnership.
The share certificate in Singapore can be issued on various occasions, among which:
The procedure of issuing a share certificate is not complicated and is done by the company secretary who is in charge with various matters in the enterprise.
Opening a company in Singapore is quite simple and our local experts are at the service of foreign investors who come to the city-state and want to run their own businesses.
Upon the issuance of a share certificate of a Singapore company, the following information must be stated in the document:
In the case of public companies, share certificates can be issued in an electronic form which will be transferred to each shareholders’ Central Depository account.
The share certificate in Singapore is usually issued under a company’s official seal, however, this regulation was abolished for private companies and limited liability partnerships. In their case, the signature of an authorized agent will suffice (usually, the company secretary’s signature).
We remind you that if you want to create a subsidiary in Singapore, it can take the form of a private limited liability company, one of the most advantageous business forms in the city-state.
The issuance of a share certificate is not complicated and is completed by the company secretary who will take note of the details of the shareholder, the number of type of shares allotted, and will record the share certificate number in the minutes book of the enterprise in the case of newly registered entities.
Then, the secretary will prepare and issue the certificate for each member.
What should be noted is that based on the situations in which the issuance of such a document is done, the procedure is different.
When shares are transferred between members or new shareholders acquire shares in a company, the procedure will imply drafting the following papers:
If you need support in issuing a share certificate, our company registration advisors in Singapore are at your disposal with tailored advice and company secretary services.
There are several aspects that need to be considered upon the issuance of share certificates for Singapore legal entities. These are:
If you need more information on the issuance of a share certificate in Singapore, please contact our local representatives no matter the procedure you are interested in.