What are the requirements for setting up a Singapore non profit foundation

Singapore ** Company Formation Requirements.

1. The registered capital of the ** Association registered in Singapore is S$1, which needs to be audited annually and disclosed to the public;

2. There are no shareholders, no division of shares, only members of the company;

4. Singapore company law requires that the board of directors of a private limited liability company in Singapore can consist of one or more directors, but must include at least one local director.

It just so happens that I'm a professional in this question. First of all, the landlord thinks of the name of your ** club, and then provides the identity information of the two directors, and then you can register. There are a few things to look out for.

**Name of the meeting: Note that this is not an ordinary company, an ordinary company to (PTE Ltd, private, ****), public, non-profit, **will be (Foundation Ltd).

2: Provide ID cards, passports or identification documents of at least 3 members (we provide one member of Singapore nationality and also need to provide 2 members by the customer).

3: Non-profit organization registered capital of S$1 No share ratio (who is authorized to be the legal representative in the later stage) Please consult customer service for details.

5: Singapore lawyer auditor guarantee (provided by our company).

6: Singapore secretary (provided by our company).

7: New party nominee member (provided by our company).

The most important thing is to find a reliable daili company to do it, and it will be more expensive and time-consuming to register it yourself.

The requirements for a Singapore non-profit association company are as follows:

1. There must be two Singaporean directors and two members (menbers, not shareholders), and the members can be domestic people;

2. The requirements for the company secretary are higher, and a licensed secretary is required to serve as the company secretary, and the secretary fee must be charged separately every year (ordinary companies will not charge secretary fees separately), and it needs to be audited every year and disclosed to the public.

3.Registered non-profit ** will provide nominal directors.

What you need to register a Singapore non-profit organisation**:

Company name: The company name generally contains ** (foundation), and the company ends with limited; ltd.

Business scope: two business projects can be selected;

Singapore ** allows blockchain projects to actually operate in their countries, so many blockchain projects are registered in Singapore as non-profit ** meetings, coupled with the previous successful cases to pave the way, Singapore ** will also become the first choice of blockchain project book. How do I register a non-for-profit club in Singapore?

First register the information provided:

1. The name of the company registered in Singapore, all capitalized in English.

Provide the identification and address information of two or more ruler mill directors.

3. Business scope: provide two business scopes.

4. Registered capital, S$1.

5. Other registration conditions:

1. Registered address of the company in Singapore.

2. Nominee director of Singapore company.

3. Licensed secretary in Singapore.

4. Singapore lawyer auditor guarantee).

The above is the information required to register for the Singapore **Club, and if you have any questions, please feel free to work with me**.

Advantages of registering in Singapore.

1. The development of the KAI chain in the government support area has a good environment.

2. The market is mature, and the follow-up legal services are perfect.

3. Excellent and well-known projects are also in Singapore, such as Litecoin, Bytom, Quantum Chain, etc. 4. Reasonable and cost-effective.

5. Singapore lawyers can issue relevant legal opinions according to the needs of the project party to prove the compliance and legitimacy of the project.

Blockchain is a decentralized and trustworthy distributed ledger system that has emerged with the popularization of digital cryptocurrencies such as Bitcoin, which has built a reliable and efficient value transmission network and made up for the lack of value protection in the current Internet information transmission network.

Blockchain refers to the technical solution of collectively maintaining a reliable database through decentralization and trustlessness. In layman's terms, blockchain technology refers to a way for the whole people to participate in bookkeeping. All systems have a database behind them, and you can think of the database as a big ledger.

But now in the blockchain system, everyone in the system can have the opportunity to participate in bookkeeping. If there is any data change in a certain period of time, everyone in the system can do the bookkeeping, and the system will judge the person who keeps the fastest account during this time, write the content of his record to the ledger, and send the content of the ledger to all others in the system during this period of time for backup. This way everyone in the system has a complete ledger.

In this way, we call it blockchain technology.

What is the development prospect of the blockchain industry? According to the current market**, the core application areas of blockchain technology are virtual currency, Internet, e-commerce payment, etc. Virtual currency is a hot industry nowadays, and at the same time, because of the openness of various countries to virtual currency, it has caused a wave of overseas company registration.

So which country do customers who are engaged in blockchain business choose to settle their companies in? The answer is Singapore. Singapore's non-profit ** will do blockchain ICOs, and we will generally register a ** club first to develop this project.

Registering a company in Singapore is divided into ordinary private **** and public guarantee****, the latter is a non-profit ** association that is often used to do blockchain projects. Let's take a look at the difference between the two:

1.Ordinary private ****, if you want to do ICO issuance, you will definitely need to make a legal opinion in the later stage, but for this kind of company, the lawyer will not issue a legal opinion.

2.Non-profit **, the process is compliant, the documents are complete, and the legal opinion can be issued in the later stage, and for investors, the non-profit ** will be more convincing and can increase the confidence of investors. Therefore, almost all the project entities that do blockchain ICOs will choose to register for non-profit ** meetings.

At present, blockchain has been applied in many industries, such as digital currency trading, Internet of Things, intelligent manufacturing, chain management, etc., more and more industries have noticed the importance of blockchain as a new technology, and focus on exploration and research.

It can be seen that with the development and maturity of blockchain technology, it can effectively reduce computing complexity and resource redundancy, and is expected to solve the problems of insufficient throughput performance, excessive volume capacity, attack on security protection, and inadequate legal supervision in the foreseeable future, and the problems and challenges faced by technology application will finally be solved.