Starting a Company In Singapore Introduction

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Take our two hour incorporation tour. Everything a foreigner or local should know about how to incorporate and run a company in Singapore during the first month of operation. More here: http://futurebooks.com.sg/blog/starting-a-company-in-singapore-introduction-2/5153

Prepared for directors
of Singapore private
limited companies.
As of 2012

STARTING A
COMPANY IN
SINGAPORE:
INTRODUCTION

ACCOUNTING
IS A SERVICE,
NOT A
TRANSACTION
www.futurebooks.com.sg

FUTUREBOOKS
SERVICES

Sale of the
business

Bookkeeping, annual
financials and
company tax

Incorporation ,
company secretary,
work passes

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LAUNCH YOUR
BIG IDEA

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LEGAL STRUCTURES:
LOCAL DIRECTORS

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LEGAL STRUCTURES:
FOREIGN DIRECTORS

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IMPORTANT
GOVT BODIES

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COMPLIANCE WITH
ACRA’S BIG 4

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#1 APPOINTING A
LOCAL DIRECTOR

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#2 REGISTER MAILING
ADDRESS

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#3 APPOINTING A
COMPANY SECRETARY

Can I handle asset
registers?
Can I file
on time?

Can I handle
share transfers?

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#4 APPOINTING
AN AUDIT FIRM

Do I want to attend a
planning meeting?
Will I get it
done?

Will I answer
email?
Will I maintain
the budget?

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PLAN YOUR
INCORPORATION

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COMPLETING AN
INCORPORATION

•
•

•
•

www.futurebooks.com.sg

#1 BIZFILE

Download

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#2 M+AA

Download

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#3 SHARE
CERTIFICATE

Download

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#4 BOARD OF DIRECTORS
RESOLUTION

Download

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COMPANY
STAMP + SEAL

Do I need a
company seal?

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Search for
‘Singapore
incorporation’
on the App Store.

www.futurebooks.com.sg

STARTUP FRIENDLY
BANKS

Account name Min. opening Min. avg. daily Directors living
balance balance abroad
DBS Startup $500 $10,000 Easy
Entrepreneur
Account
OCBC Business $500 $8,000 Easy
Entrepreneur
Standard Chartered BusinessOne none $10,000 Easy

UOB Current $1,000 $8,000 Hard

MayBank Company Current $3,000 $10,000 Hard

HSBC Business Vantage $30,000 $30,000 Hard

Citibank Commercial Bank $100,000 $50,000 Hard

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GET USED TO
CORPORATE BANKING

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LEGALLY WORKING
IN SINGAPORE

MOST DESIRABLE

Permanent
residency
Personal
EP

Employment
pass

Entrepass

LEAST DESIRABLE

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A LOCAL WHO WANTS
TO TEST AN IDEA

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A FOREIGNER ON A PEP WHO
WANTS TO START A BUSINESS

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A FOREIGNER WHO DOES NOT
WISH TO LIVE IN SINGAPORE

www.futurebooks.com.sg

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The session will cover in great detail the problems directors encounter when trying to start a company in Singapore. These include: choosing the right legal entity; incorporation + compliance matters; corporate shareholders and tax; applying for work passes for foreign directors; finding a startup friendly local bank. See more here: http://futurebooks.asia/blog/starting-a-company-in-singapore-sponsore-byplug-inblk71/6816

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Understand the principles of do-it-yourself bookkeeping and refresh your knowledge of incorporating a Singapore Private Limited Company. This ppt will explore the role of bookkeepers, accountants, auditors and company secretaries, and important dates to mark in your calendar. - Budget for accounting services in year 1 + 2; I- dentify your company’s unique transaction DNA; - Better manage paperwork and cash books; - Managing personal expenses; - Methods of remunerating directors. In the second half we will show power users how to get the most out of DIY bookkeeping including credit payments, credit control, credit checking and financial reporting. Discover the most appropriate time for your business to take advantage of outsource bookkeeping. Plus we will demo QuickBooks Online, Intuit’s small business accounting application in the cloud. Find out more visit: http://futurebooks.com.sg/blog/jfdis-bookkeeping-for-singapore-start-ups-event/3475

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