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Paidup Capital FAQs
Frequently Asked Questions
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Singapore
Company Paid-up Capital
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.
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.
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