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Common FAQ for Oversea Companies (3) - establish a company in Singapore

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Q: What is the minimum amount of capital to establish a company in Singapore?
A: The minimum amount of capital is SGD1.

Q: Does companies in Singapore equip with certificate of incorporation?
A: From 01/06/2018, the original copy of “Certificate of Incorporation” was no longer available by the official announcement of Singapore government, but the electronic document can be applied for respectively.

Q: Is it necessary to pay taxes for the distribution of surplus to individual shareholders?
A: It is not necessary.

Q: Is it possible to apply for a bank account by video?
A: It depends on each bank. The opening of bank account by video is available for Kaizen.

Q: What is the requirement of employment pass application?
A: The virtual business registered address is required and the minimum amount of capital is SGD50,000.

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