T RAVI PRACTICE PAC
T RAVI PRACTICE PAC
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Private Limited Companies

 A company is a legally recognized business entity registered under the Companies Act, Chapter 50. Possessing legal personality, it holds the rights to own properties, maintains perpetual succession, and has the capacity to initiate legal actions or be subject to legal proceedings in its own name. Typically, a company's name includes 'Pte Ltd' or 'Ltd', indicating its limited liability status. 

The attributes of a Private Limited Company are outlined below:

 

  • Legal Entity: Distinct from shareholders and directors.
  • Exempt Private Company: 20 members or fewer, no corporation holds beneficial interest.
  • Private Company: Up to 50 members.
  • Separate Legal Entity: Capable of litigation, property ownership.
  • Limited Liability: Members not personally liable for debts and losses.
  • Requirements: At least one shareholder, one director ordinarily resident in Singapore.
  • Foreign Director: Can apply for an EntrePass from the Ministry of Manpower.
  • Taxation: Profits subject to corporate tax rates.

T RAVI PRACTICE PAC provides the most comprehensive company incorporation package in Singapore. Our

 

  • ACRA Incorporation
  • ACRA Company Name Check and Reservation
  • Constitution Drafting
  • First Board Resolution Preparation
  • Issuance of Share Certificates
  • Resolution for Opening a Company Bank Account
  • Provision of One Company Seal
  • Business Profile Compilation
  • Advisory on Compliance Requirements

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