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Reviews for Private-Limited-Company---AsiaBiz
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Date Created: 12/21/15
Private Limited Company PRIVATE LIMITED COMPANY There are four types of companies in Singapore: Private Limited Company - Not more than 50 corporate or individual shareholders. Exempt Private Company-Notmorethan20individualshareholders. Public Company Limited by Shares - It is locally incorporated where the number of shareholders can be more than 50. Public Company Limited by Guarantee-Itisonethatcarriesoutnon- profit making activities that have some basis of national or public interest, such as for promoting art, charity etc. Advantages Disadvantages • Shareholders’ personal assets are protected since • Companies can be more expensive to set up they are not personally liable for debts and losses of company. • Companies are governed by tighter rules and regulations • Ownershipistransferableandadditionalshareholders can be appointed thus enabling additional capital • Liquidation or winding up can be more difficult and injection for expansion purposes. costly • Conveys a professional commitment and vision • Companies must maintain ongoing compliance with hence maximizes the potential of loans from banks ACRA/IRAS and other financial institutions and also establishes a 8.50% 17.00% credible image among the business community. • Company is perpetual and business operations NO TAX are undisturbed by changes in shareholders or the xae income holding pattern. Ta First S$100,000 S$100,001 - S$300,00Above S$ 300,000 * Qualifying conditions: • No more than 20 individual shareholders. • 1 shareholder is an individual holding at least 10% of the shares. Online Resources Singapore Private Limited Company | Form a Singapore Company | Types of Singapore Companies Copyright © 2011 Rikvin Pte Ltd Helpful Links: Company Registration Incorporation Immigration Accounting Taxation Services AsiaBiz Services Pte Ltd 120 Telok Ayer Street, Singapore 068589 Main Line : (+65) 6303 4614 Fax : (+65) 6303 2670 Email : firstname.lastname@example.org Website : www.asiabizservices.com This material has been prepared by AsiaBiz for the exclusive use of the party to whom AsiaBiz delivers this material. This material is for informational purposes only and has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Where the source of information is obtained from third parties, AsiaBiz is not responsible for and does not accept any liability over the content. Copyright © 2011 AsiaBiz Services Pte Ltd
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