Startup founders from South and South East Asia are often asked by their incoming investors to establish a HoldCo in Singapore. Futurebooks as experienced Company Secretaries have assisted numerous startups accomplish this by rolling up their IP, existing OpCo, investors and ESOPs into a newly established Singapore parent. Let’s dive into the nitty gritty.   Step 1:...

Quick overview of balance requirements by two major banks in Singapore for companies incorporated in Singapore and the British Virgin Islands. This list is updated as of March 2019. Jurisdiction of company incorporation : Singapore 🇸🇬 Bank SGD account USD account OCBC S$5,000 (waived for first six months) US$1,000 (waived for first six months) UOB S$10,000 US$8,000  ...

Why incorporate an offshore company? For businesses looking to go global, an offshore company is a good option to take. Setting up your offshore business in known jurisdictions such as the British Virgin Islands, Cayman Islands, etc., is legal and provides a complete privacy when doing business. Apart from the confidentiality of setting up a business in an...

There are some terms used in the US and international contexts during the company incorporation process, such as Articles Of Incorporation, that have a different terminology in Singapore. We clarify some of these terms below by highlighting their equivalents or the Companies Act standpoint in their regard. What is the equivalent of the Articles Of Incorporation in...

Question: Should we have a particular set of business activity or objects when incorporating a company in Singapore? Answer: The 2004 Amendment Act of Singapore removed the need to specify Objects (i.e. specific activities) in the memorandum of association. This is in line with changes that took place around the same time in the UK as well....