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Company Registration - Singapore

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Frequently Asked Questions - Singapore Company Paid-up Capital

Answer
Q. What is paid-up capital?
A.
Paidup capital is the total amount of shareholder capital that has been paid in full by shareholders. In other words, your investment and equity into the company.

Q. What is the minimum paid-up capital required for Singapore company registration? Can it be increased later?
A.
The minimum required paidup capital when registering a Singapore company is S$1. Yes, it can be increased anytime later.

Q. What is the procedure for increasing paid-up capital at a later date?
A.
In order to increase the paidup capital:

1) You will first need to inject the necessary capital into your company bank account and send us a copy of the bank statement showing the capital injection.
2) Upon receipt of the proof of capital injection, we will prepare the following documents that are required to be lodged with the corporate authorities:
- Extraordinary General Meeting (‘EGM?
- Ordinary Resolutions ?(Authority to Issue Shares)
- Directors?Resolutions ?Allotment of Shares
- Letter to the Company Secretary
- Application of Shares
3) Upon obtaining your signature on the above documents, we will be able to lodge them with ACRA and get an update company profile showing the revised paidup capital for your Singapore company.

Q. Can we withdraw the money that we transferred into the company bank account as paidup capital?

A.
Once the money is injected into your company as paid-up capital, the money no longer belongs to you but to the company. You will be able to use it only for valid business needs of the company. You cannot withdraw it for non-company expenses. In any case that you withdraw the money from the bank account of the Company for personal use, that will be treated as a loan from the Company.

Q. After we have injected the money into our company as paid-up capital, how soon can we start using it towards business purposes?

A.
There is no lockup period as such. You can start using it towards your company needs immediately.

For further information or assistance, please call us:
Hong Kong Office: +852 2341 1444
Singapore Office: +65 6295 2884
Shenzhen Office: +86 755 8268 4480
Shanghai Office: +86 21 6439 4114
Beijing Office: +86 10 6874 8420

or send email to enquiries@bycpa.com.