Purchasing a ready made Singaporean company is a quicker alternative to incorporating a new company. Our ready made companies comply with accounting and reporting standards set out by the Accounting and Corporate Regulatory Authority. This includes annual returns, company registers, financial statements and auditing report.
The process entails completing the relevant company purchase forms, appointing new directors and completing the share transfer of ownership. This process is very quick and your ready made company is authorised to begin trading immediately.
Purchasing a ready made company in Singapore carries no risk, as all of our companies have never traded and have no debts, liabilities, receivables or obligations.
Ownership of the ready made company is transferred via standard share transfer procedure, with ownership generally being transferred immediately after purchase. New share certificates are issued and the statutory company register is updated. Shareholders may be of any nationality or residency, making 100% foreign ownership permitted, and may be individuals or corporate entities. Despite not having to visit Singapore to complete the share transfer, a copy of the new shareholders identifications documents will be required - this can be submitted electronically.
The last stage of purchasing a ready made company is to appoint the new directors. As the incorporation agent we currently act as the director, and upon purchase issue we resign. The new directors are appointed by completing and signing the necessary form, or alternatively we can complete this for you if granted Power of Attorney. At least one director must be resident in Singapore and a copy of each new director identification documents is required to be appointed company director.
All official company documents, including the Certificate of Incorporation, Memorandum and Articles of Association and secretarial forms will be issued to the new directors.
Our companies have neutral company names and a wide range of business objects enabling the ready made company to be appropriate for any business activity. These objects as well as registered address and Memorandum and Articles of Association, may be changed. Company name changes must adhere to the rules and regulations governing company names - names must be in English, end with Private Limited or Pte Ltd. You can still conduct business while the name is being changed.