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Ready-Made Shelf Companies

   
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Ready-Made Singapore Company
("Shelf Company")

Although registration of a company in Singapore is usually very fast, certain client still prefer a ready-made shelf company to avoid any potential delays during the incorporation process. If you are one of such clients, we can provide you with a ready-made shelf company. Note that the fee for a shelf company is higher than incorporating a new company.

Ready-made, or "shelf" companies are private limited companies that are already incorporated by us and available for immediate purchase. Shelf companies have not done any business and have not entered into any dealings or obligations whatsoever. As the name suggests, the incorporation documents of these companies have been kept "on the shelf" in our office, without any practical usage whatsoever.

Our Singapore Shelf Company Features at a Glance

  • Single shareholder with one share
  • Paid-up capital of $1
  • Registered address service included for 1 year
  • Company secretarial agent included for 1 year
  • Nominee local director included for 1 year

Once you purchase one of our shelf companies, the following services are included in our fee:

  • The share will be transferred to you thus giving you the 100% ownership of the company.
  • We will add you as the additional company director (i.e. in addition to our resident nominee director).
  • We will assist you with opening of a bank account in Singapore, if needed.
  • We will provide you with a copy of the following documents: a) Certificate of Incorporation b) One copy of M&A c) Share Certificate d) Certificate of Incumbency
  • Company Secretarial Service for 1 year
  • Company Registered Address Service for 1 year
  • Local Nominee  Director Service for 1 year

Note: Additional documents can be provided for an additional fee (Examples: certificate of good standing, certificate of tax residency, etc.) as and when required.

Our fee for the above Ready-Made Shelf Company in Singapore is S$7000 plus a refundable security deposit of S$3000. The security deposit will be refunded back to you when you no longer require our local nominee director service.

Frequently Asked Questions & Answers about our Singapore Ready-Made Shelf Companies

Q. What will be the advantages/disadvantages of ordering a Shelf Company in Singapore?
A.

Advantages

  • The only real advantage of ordering a shelf company lies in avoiding the potential delay in the name approval process for a new company. Although the name can be approved as quick as 2 hours, if there are any conflicts with an existing name, the name approval process might get delayed by few days. However in case of a shelf company, the name is already approved and so such a potential delay is avoided.

Disadvantages

  • Ordering a shelf company is slightly more expensive
  • You will have to choose a name from the available list

Q. Will I be able to choose a name for the Shelf Company?
A. We will provide you with a list names of the available shelf companies. You will need to select one of the names from the list. If desired, you can always request a name change for an additional fee of S$400. Note that the new name will be subject to approval by the authorities and will add a delay to the timeline.

Q. What documents do you require from me?
A. We will need the following documents from you:

  • A copy of the passport and a second ID
  • Residential address proof such as a recent copy (within last 3 months) of your utility bill, bank statement, or residential phone bill, mortgage statement, etc.
  • Bank reference letter
  • A copy of your resume

Note: Our compliance dept may ask for additional information on a case-by-case basis.

Q. Will I need to sign any documents?
A. Yes, you will need to sign the following documents after you purchase the shelf company:

  • Share transfer document
  • Consent to act as director
  • Indemnity letter for our local nominee director
  • Our service agreement

Q. When will you send these documents to me?
A. Once you have made the payment, we will prepare the necessary documents  and will email them to you for signing. If you happen to be in Singapore, you can sign the documents at our office. Otherwise, you will need to sign these documents witnessed by a notary public and send them back to us.

Q. How long this process will take?
A. If you are in Singapore, this process will take only one day. Alternatively if you are overseas, the process might take few days due to the logistics involved.

Q. Do I need to visit Singapore for opening the bank account?
A. Not necessary, depends on the bank.

Q. Can I start operating the company immediately after the above paperwork is done?
A. Yes, after you have received the documents from us reflecting your ownership of the company, you are free to operate your company immediately.

Q. Can you handle the accounting and taxation for my company?
A. Yes, we provide full-range of accounting and tax filing services to our clients. We will discuss this with you after you have purchased the shelf company from us.

Q. What will the ongoing maintenance costs for my shelf company?
A. The following ongoing routine maintenance services will be required:

  • Annual company secretarial agent service
  • Annual registered address service
  • Annual local nominee director service
  • Annual tax filing service

For our fees on the above services, refer to our Service Fees page.

Q. How do I order a Shelf Company from you? Can you provide me with names of ready-made companies?
A. To order a Singapore Ready-Made Shelf Company from us, please send us an email at info@asiabizsetup.com requesting a shelf company. In order for us to respond, you must provide us with the following details:

  • Your name
  • Phone number
  • Email address
  • The intended activities for the shelf company

Related Topics

Company Setup Packages

Frequently Asked Questions & Answers

Corporate Taxes in Singapore

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