Singapore is a popular destination for businesses to incorporate, due to its business-friendly environment, low taxes, and ease of registration. For foreign companies, the process of incorporating in Singapore requires specific documents and compliance with local regulations. One of the key documents required for foreign company registration is the Form 45A. In this article, we will guide you through the preparation of the Form 45A and provide a comprehensive overview of the Singapore company incorporation process.
What is the Form 45A?
The Form 45A is a declaration that must be filed by a foreign company with the Accounting and Corporate Regulatory Authority (ACRA) when registering a new company in Singapore. The form serves as a declaration of the company’s compliance with the relevant laws and regulations of Singapore. The Form 45A must be signed by a director or authorized representative of the company and witnessed by a qualified person.
Preparation of the Form 45A
To prepare the Form 45A, you will need to gather the following documents:
- A certified copy of the company’s charter or articles of association
- A certified copy of the company’s memorandum of association
- A certified copy of the company’s articles of incorporation
- A certified copy of the company’s certificate of incorporation or registration
- A declaration of compliance with the relevant laws and regulations of Singapore
- A statement of the company’s registered office address and business address in Singapore
- A statement of the company’s authorized share capital and the number of shares issued
- A list of the company’s directors and their residential addresses
- A list of the company’s shareholders and their shareholdings
- A statement of the company’s registered agent in Singapore
You will also need to provide the following information:
- The company’s name and registration number
- The company’s registered office address and business address in Singapore
- The company’s authorized share capital and the number of shares issued
- The company’s directors and their residential addresses
- The company’s shareholders and their shareholdings
- The company’s registered agent in Singapore
Filing the Form 45A
Once you have prepared the Form 45A, you can file it with the ACRA through its online portal or through a registered filing agent. The filing fee for the Form 45A is SGD 300, which is non-refundable.
Post-Registration Requirements
After filing the Form 45A, you will need to comply with several post-registration requirements, including:
- Filing of annual returns with the ACRA
- Filing of financial statements with the ACRA
- Paying of annual fees to the ACRA
- Maintaining a registered office and business address in Singapore
- Maintaining a registered agent in Singapore
Conclusion
Incorporating a foreign company in Singapore requires careful preparation and compliance with local regulations. The Form 45A is a critical document that must be filed with the ACRA to register a new company in Singapore. By understanding the requirements for preparing and filing the Form 45A, foreign companies can ensure a smooth and successful registration process in Singapore.
FAQs
Q: What is the filing fee for the Form 45A?
A: The filing fee for the Form 45A is SGD 300, which is non-refundable.
Q: What documents are required for the preparation of the Form 45A?
A: The required documents for the preparation of the Form 45A include a certified copy of the company’s charter or articles of association, a certified copy of the company’s memorandum of association, a certified copy of the company’s articles of incorporation, a certified copy of the company’s certificate of incorporation or registration, a declaration of compliance with the relevant laws and regulations of Singapore, and other relevant documents.
Q: How do I file the Form 45A?
A: You can file the Form 45A with the ACRA through its online portal or through a registered filing agent.
Q: What are the post-registration requirements for a foreign company in Singapore?
A: The post-registration requirements for a foreign company in Singapore include filing of annual returns with the ACRA, filing of financial statements with the ACRA, paying of annual fees to the ACRA, maintaining a registered office and business address in Singapore, and maintaining a registered agent in Singapore.
Q: What are the consequences of non-compliance with the requirements for foreign company registration in Singapore?
A: Non-compliance with the requirements for foreign company registration in Singapore can result in fines, penalties, and even deregistration of the company. It is essential to ensure compliance with all relevant regulations and requirements to avoid any consequences.
