Application of company name
Once approved, name is reserved for 60days*
*You may apply for extension on name reservation period for another 60 days
To incorporate a company
with share capital before the reserved name expires*
- Minimum 1 shareholder & 1 local director
- Registered office [Section 142 of Companies Act Cap. 50]
- A company must have a registered office in Singapore which must be operational and accessible to the public during normal office hours. Please note that a P.O. Box address cannot be used as a business address.
Filing of ECI
Estimated Chargeable Income (ECI) within three months from the end of its financial year. If your company does not submit the ECI within three months from the end of its financial year, IRAS may issue a Notice of Assessment (NOA) based on estimation of your company's income. With effect from YA 2013, for companies with financial year ending Oct 2012 or after, you will not need to file ECI for a particular financial year if you fulfill conditions under "Administrative Concession"*
*Your annual revenue is not more than $1 million for the financial year; and your ECI is NIL
Companies filing Form C are required to file their financial accounts, tax computation and relevant supporting documents together with Form C by 30 Nov of each year. For example, in the year 2014, these companies will have to file Form C, financial accounts for the accounting year ending in 2013, tax computation and relevant supporting documents for Year of Assessment (YA) 2014 by 30 Nov 2014.
Or alternatively qualified company can file Form C-S. Form C-S is a shortened 3-page tax return for small companies to report their income to IRAS. Companies filing Form C-S are not required to submit financial accounts, tax computation and supporting schedules with the form. However, they are still required to retain and submit them to IRAS upon request.
Book keeping & Annual accounts
To maintain accounts up-to-date is director's responsibilities.
Annual report is annual accounts for the relevant financial year. The annual report is then presented at AGM.
*Deadline of AGM (Date of annual report must be determine first, before date of AGM)
A company is required to hold its first AGM within 18 months after its incorporation. Subsequent AGMs must be held every calendar year and the interval between AGMs should not be more than 15 months.
Filing of annual return
The Annual Return must be filed with the Registrar within one month after the AGM.