Singapore Ready Made Company

Incorporating a new company in Singapore is a relatively quick and simple process, only taking around three days. Purchasing a ready made company offers an even quicker incorporation time whilst also skipping over many of the formalities associated with registering a new company. Purchasing a shelf company 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.

As the incorporation of a new company in Singapore is efficient the major benefit to purchasing a ready made company come is the company history. Our ready made companies have been fully maintained up to accounting and reporting standards set out by the Accounting and Corporate Regulatory Authority. This includes annual returns, company registers, financial statements, auditing reports, etc. This gives your company a full, stable and positive history from the moment of purchase; an advantage unique to shelf companies.

There is no need to visit Singapore to purchase a ready made company, and upon purchase you will receive a copy of all official company documents.

Our companies have neutral company names (ie: Investments, Exports, Technology, Industries) 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.

Your company image and reputation is drastically enhanced with a stable company history, offering the following benefits:

  • Clients are more likely to conduct business with companies with a good reputation, as they are seen as more trustworthy
  • Suppliers are more inclined to work with reputable companies with a good image
  • Certain contracts require a fixed business age before bidding is allowed
  • Investors see a stable history as an indicator of risk
  • Banks look more favourably upon companies with a stable proven track record - loans, leases, credit cards and other financial products and sources of finance will be easier to obtain

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. Our ready made companies are fully registered and complete with:

  • Fully drafted and submitted Memorandum and Articles of Association
  • Company name approved and registered
  • Certificate of Incorporation issued
  • Initial share capital fully paid up
  • Prepared registration forms
  • Registered office address in Singapore
  • Prepared minutes of first board meeting
  • Mandatory corporate seal
  • Initial Government licence fee paid
  • Share register
  • Documents required for opening a company bank account
  • Registration with the Trade Registry, Accounting and Corporate Regulatory Authority and all other necessary regulatory bodies in Singapore

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.

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