PRODv2 – Incorporation Wizard – Counto Company Incorporation

Step 1 of 7

NAME OF COMPANY TO BE INCORPORATED

Note:

1. All proposed name(s) must end with “Private Limited”, “Pte. Ltd.” or an abbreviation of those words.

2. All applications for reservation of a name are subject to the approval of the Accounting and Corporate Regulatory Authority (“ACRA”) and name application for certain regulated businesses may be subject to referral to the applicable referral government authority. If referred, please note that the review process may take between 14 days to 60 days.

Please provide 3 names in order of preference.
Company Name1*
Choose the most preferred name
Company Name2*
Choose another option if case the preferred one is not available
Company Name3*
Choose second option if case the preferred one is not available

CONTACT PERSON AND COMPANY CORRESPONDENCE

Please advise who should be the contact person whom we may consult on all company matters.
Correspondence Name*
First Last
Correspondence Address*
Street Address City ZIP / Postal Code Country
Correspondence Contact No.*
Correspondence Email Address*
REGISTERED OFFICE ADDRESS

In order to register the SingCo, you must provide a local Singapore address as the registered address of the SingCo. The registered address must be a physical address (can be either a residential or commercial address) and must not be a P.O. Box.
Registered Office Address
- I have a Singapore Address
- I do not have a local/Singapore address, I would like to engage in your registered address service
The registered address provided can be printed on business cards, letterheads and corporate collateral, etc.
Same as Correspondence Address?*
- Yes
- No
Registered Address*
This is the registered address to be used for the company

Street Address ZIP / Postal Code
Working hours (please tick one of below):*
- At least 5 hours during ordinary business hours on each business day
- At least 3 hours but less than 5 hours during ordinary business hours on each ( ) business day

Financial Year End
Financial Year is an important consideration for your company. Typically you chose the last day of the month previous to incorporation e.g. If your company is incorporated on 9th Jun, you can choose 31st May as the financial year end. This helps to maximise the first year to the extent possible. This helps with tax optimisation. However you can chose preferred year ends e.g. 31st Dec or 30 Jun or 31 Mar if this is preferable or helps to align with your other companies or taxes in other countries. Please note that the first financial period cannot be more than 18 month, so based on the year end selected, this rule will be enforced.
Financial Year End*
(You usually select a period of <12 months since incorporation for your first year end and usually a month end date like 31st December, 31st August)
SHARE CAPITAL DETAILS

Paid-up capital (also known as share capital) is the total amount of capital that has been funded by owners or shareholders who have completely paid for their purchased shares.

The minimum paid-up capital for registration of a Singapore company is $1 which may be in any currency desired. After successful registration of the SingCo, you can open a corporate bank account in any of the major banks in Singapore. Once the SingCo’s bank account is open, whatever paid-up capital amount you list, will need to be deposited into the SingCo's bank account.

So how many should I issue? A common practice is to issue share capital which is easily divisible in the future (for example it may be best to issue 50 or 100 shares upon incorporation). By doing so this will allow you to more comfortably split / change the ownership of shares going forward. Many businesses tend to issue 100 shares of S$1 each. As so, each share represents 1% of the business.

Are you a startup with sight to be the next unicorn - save you the hassle and tell you the best answer: 10 million. Why? Because that’s what everyone else does. Beyond that simple reason, 10 million is an easily divisble number. It’s a big enough number that when you give an employee 10,000 stock options, it psychologically feels like a lot (even though it’s only 0.1% of the company). It’s also a convenient number for dealing with the price per share — if your company has a $10 million valuation, each share would be worth $1. But more than anything, authorize 10 million shares because that’s the norm for startups.

Please complete the below;
Type of Currency*
(Any currency is permitted)
Number of Shares*
(Minimum 1)
Amount of Issued Share Capital*
(Minimum $1)
Amount of Paid Up Share Capital*
(Minimum $1)
Distribution across Shareholders*
Shareholder Name Allocated Shares
Data Protection Officer

Under Singapore's Personal Data Protection Act, you are required to appoint a Data Protection Officer (DPO) . You can read more about the Role and Responsibilities in our blog article Singapore’s New DPO Requirement: Why Your Business Needs One

Typically one of the members in the form earlier acts as a DPO
Data Protection Officer Name*

Indiividual Name	Company Name	Company Registration No.	Country of Incorporation	Directorship (Y/N)	Number of Shares (not %, number please)	Start Date of Interest

PRODv2 – Incorporation Wizard

Step 1 of 7

NAME OF COMPANY TO BE INCORPORATED

TYPE OF TRADE FOR PURPOSE WHICH THE SINGCO IS BEING FORMED

CONTACT PERSON AND COMPANY CORRESPONDENCE

REGISTERED OFFICE ADDRESS

DIRECTORS (MUST BE OVER 18 YEARS OF AGE)

Director 1

ADDITIONAL DIRECTORS/ SHAREHOLDERS / BENEFICIAL OWNERS OF THE SINGCO TO BE INCORPORATED:

Director/ Individual Shareholder Info

Corporate Shareholder

PLEASE PROVIDE DETAILS BELOW IF SHAREHOLDER OF THE SINGCO IS A CORPORATE SHAREHOLDER

Particulars of Corporate Representative

More Directors/Individual or Corporate Shareholder

Director/ Individual Shareholder Info

Corporate Shareholder

PLEASE PROVIDE DETAILS BELOW IF SHAREHOLDER OF THE SINGCO IS A CORPORATE SHAREHOLDER

Particulars of Corporate Representative

Financial Year End

SHARE CAPITAL DETAILS

Data Protection Officer

Thank you

COMPANY INFORMATION for KYC