How to register a blockchain company in Singapore to be legal

A Singapore company needs at least two directors and a company secretary, the secretary and at least one director must be a Singaporean or permanent resident, and a foreigner needs to hold a visa if he is a local director.

Characteristics of this type of company:

1.separate legal entities;

2.Limited liability: joint and several liability is the maximum amount of the guarantee committed by each member (a maximum of S$1 is also possible);

3.There are no shares, and there is no share capital;

4.The articles of association need to clarify the maximum liability of each member;

5.Non-Profit: Initially primarily for non-profit organizations;

6.Do not participate in the distribution of benefits.

A company needs at least two directors and a company secretary, who must be a Singaporean or permanent resident, and a foreigner who is a local director is required to have a visa.

A public company registered in Singapore or an ordinary **** is the same as legal, mainly depending on which one you want to register, and generally doing blockchain is a registered Singapore public company.

Many of the blockchains are registered in Singapore, and the vast majority of them are registered non-profit associations, so how to register to be legal? In fact, the registration is legal, and it is registered in accordance with the local laws and regulations of Singapore, so there is no such thing as illegality.

When we say legal or not, we mainly talk about doing blockchain coins, not registration. Officially, because of concerns about legal compliance, most of the people who do blockchain coin issuance will do legal opinions, especially the non-** proof of token.

With the continuous emergence of blockchain technology, it has aroused the upsurge of attention from investment operators. Blockchain is considered to be the next Internet and will likely change the world, and many companies have established blockchain research groups and registered blockchain companies, eager to plan a scoop of dividends in the wave. Let's take the registration of the Singapore Charity Association as an example to introduce the benefits of choosing to register for the Singapore Association for blockchain ICO fundraising.

1. Background introduction of the blockchain industry.

Blockchain to ICO, a global hit. Due to various reasons such as policy regulation, financial center, and state support, Singapore has become a popular area for the global currency circle and blockchain for a while. In particular, China's strict policy towards ICOs has caused a large number of Chinese currency circles and Internet bigwigs to set their sights on Singapore.

Over the past few years, Singapore has incubated a number of successful ICO projects.

In China, during the two sessions this year, with the proposals of many representatives and the discussion of various Internet bigwigs, the word blockchain has become the focus of everyone's attention and entrepreneurship for a while.

The Singapore Charity Society** is registered as a public company guarantee, which is a not-for-profit organization and its members are liable for insurance. The public welfare association can normally apply to open a local company bank account, and foreigners can be authorized to become bank account operators. According to the local laws of Singapore, the overseas projects of the Charity Association do not need to be taxed by the Inland Revenue Authority of Singapore, and the Inland Revenue Authority of Singapore will not tax local capital injections and investments.

2. The benefits of registering for Singapore**.

1. Excellent reputation.

Singapore has a strict registration approval system for the registration of the Singapore Club, and requires at least one local director in Singapore as a guarantee, and there is also a corresponding strict system for the subsequent maintenance of the Club, which ensures that the Singapore Club enjoys a good reputation.

2. Non-profit, no need to pay taxes.

Non-profit organizations in Singapore are not taxable.

3. Possibility of financing.

At present, many enterprises have set up FoundationLtd. in SingaporeIt is because ICO is a new financing model for blockchain-based entrepreneurial projects to crowdfund digital currencies such as Bitcoin through the issuance of digital cryptographic tokens.

4. Convenient operation, open and friendly policy.

Singapore is about 5 hours away from China, which is very convenient for those who need to travel between Singapore and China.

5. Singapore is the blockchain center of Asia and the most popular settlement area.

6. **Have a clear regulatory attitude towards ICO, so that people can invest with confidence and reliability.

The new outlet is coming, there are no big companies about blockchain in the market, and all enterprises are in their infancy, so it is an unavoidable opportunity for every enterprise. Be one step ahead and blockchain up, so it is recommended to register for the Singapore ** meeting as early as possible.

1. Information required for Singapore company registration:

1. Singapore company name.

2. Scanned copies of ID cards of all shareholders and directors of the company.

3. A scanned copy of your passport.

4. Scanned copy of the handwritten signatures of the directors and shareholders.

2. Singapore company registration process:

1. Become a member for online consultation and directly fill in the application for the "Power of Attorney for Singapore Registered Company".

2. Sign the "Singapore Company Registration Service Agreement".

3. Pay the deposit.

4. Check the name of the company (English).

5. Prepare legal documents and send them to customers for notarization.

6. Send the documents back after completion.

7. The representative submits the documents to the Registry.

8. The company is approved for registration.

1. The name of the Singapore company to be registered.

Since the official language of Singapore is English, the name of the company must be in English, and Chinese is not accepted for registration, and the end of the company name needs to be determined according to the type of company it is applying for registration.

2. The registered capital of the Singapore company to be registered.

The registered capital of a Singapore company can be selected in multiple currencies such as US dollar and RMB, and its issued and paid-up capital is at least SGD 1. The issued capital represents the maximum amount of share capital that the company can issue to its shareholders, within which the company can issue ** and require shareholders to pay one or more subscriptions**. The paid-up capital of the company is subscribed by shareholders and the paid-up capital is the company.

3. The registered address of the Singapore company to be registered.

The registered address of the Singapore company must be a business address in Singapore, which can usually be provided by ** institutions.

4. Directors and shareholders of the Singapore company to be registered.

The director of a Singapore company must be at least 18 years old, and the shareholders of the company can be natural persons or corporate entities. Provide the identity documents, passports and other information of directors and shareholders. It should be noted that Singapore** requires every Singapore company to have at least one local Singaporean as a director.

5. The legal secretary of the Singapore company to be registered.

When a Singapore company applies for registration, it is required to register a company secretary with the ACRA. The company secretary is mainly responsible for organizing and convening the general meeting of shareholders, docking and handling relevant matters (such as information change, annual inspection, tax declaration and other mandatory work).

The above is the information that needs to be prepared for Singapore company registration, as well as the necessary process, if you still have anything to consult, you can consult me at any time, looking forward to getting you

As the largest financial center in Asia, Singapore has a highly enlightened policy towards blockchain and virtual currency, making it the best choice for blockchain and ICO development industry registration.

Singapore is known for its stable and sound legal and financial environment, and it is safer and more convenient to register here** in Singapore. As a result, more and more companies choose to set up non-profit companies in Singapore, and the current popular blockchain in China is very suitable for operating on the platform of non-profit organizations.

Singapore non-profit organisations** are usually registered public companies, which are not-for-profit organisations, each member bears a guarantee liability, and there is no tax on overseas projects of the charity**, and the Inland Revenue Authority of Singapore does not tax local capital injections and investments.

There must be at least 2 directors in Singapore****, one of whom must be a Singapore Citizen or Singapore Permanent Resident or Employment Pass holder.

The number of directors, the method of retirement and re-election should be specified in the company's bye-laws.

In addition, the Managing Director, Company Secretary and Auditor Particulars Form and ** Issuance Record must be submitted within one month after the incorporation of the company.

Contents of registering a Singapore company.

1. Singapore company registration:

Registered capital of S$500,000 and paid-up capital of S$500;

Preparation of legal documents such as the articles of association, resolutions of the board of directors, ** registration office, law firm, etc.

Documents required for Singapore company registration.

1. Articles of Association and Articles of Association;

2. Affidavit of compliance with the law;

3. Certificate of identity;

4. Letter of appointment and affidavit of qualifications of directors;

5. Report form of the company's registered address and office hours.

Advantages of doing blockchain registration Singapore** meeting:

1.Singapore is the blockchain center of the whole Asia, and it strongly supports blockchain technology and provides a good environment for blockchain companies to develop and exchange technology;

2.Flexible operation mode, compared with other regions, the establishment of Singapore** can not only operate business locally, but also be used to operate offshore business, which is convenient for capital operation;

3.Singapore has a strict approval system for registering Singapore, which can significantly improve the international recognition of blockchain companies established in Singapore;

4.Singapore regards the development of blockchain as a national development goal, assisting the capital market and liquidity, making it easier for blockchain companies to release blockchain projects and raise funds;

5.Singapore is geographically close to China, and has signed freedom agreements and investment guarantee agreements with many countries, including China, and has an excellent business environment and open and friendly policies to China. It is these advantages that make the major blockchain international conferences have chosen to register in Singapore, the current major Litecoin**, Bittom **, Bitfid** will all land in Singapore, there will be more blockchain projects released in Singapore in the future, it is recommended that investors who want to enter the blockchain market as soon as possible in Singapore layout projects, seize the opportunity.

1. Information to be submitted for registration of a Singapore public company:

1. Articles of Association and Articles of Association;

2. Affidavit of compliance with the law;

3. Letter of appointment and affidavit of qualifications of directors.

4. Certificate of identity.

5. Report form of the company's registered address and office hours.

6. The details of the managing director, company secretary and auditor and the issuance record of ** shall be submitted within 1 month after the establishment of the company.

Second, the basic conditions of the company's situation:

1. Company name.

Fill in the English name of the company, ending with Foundation LimitedConcluding remarks.

2. Registered capital.

There is no maximum limit, and there is no strict time limit for paid-up capital.

3. Business scope.

The scope of business is generally unlimited, and customers can fill in according to their own needs, and the number of words does not exceed 28 characters.

3. Requirements for directors and shareholders of the company:

1. Directors of the company.

There must be at least 1 person in an ordinary company and at least 2 people in a public company, and 1 Singapore resident or employment permit holder must be the director of the company.

2. The proportion of shareholders and shares of the company.

At least one or more persons are shareholders of the company, and the directors and shareholders can be the same person, and if more than one person serves as shareholders, the proportion of their respective shares must be stated.

4. Other registration conditions:

1. The legal secretary of the company.

Within 6 months of incorporation, 1 statutory secretary must be appointed.

2. The registered address of the company.

Must have a local legal registered address in Singapore.

3. Auditors.

Within 3 months of the incorporation of a Singapore company, a registered accounting firm must be appointed as the company's auditor.

Private companies with revenues of less than S$5 million are exempt from the annual audit.

Because the choice is extraordinarily stable.

Singapore has an open-door policy towards blockchain technology, but it will be strictly regulated at home.

Benefits of registering for Singapore** Club.

1.Building an international brand can quickly improve the international visibility and competitiveness of the enterprise;

2.Enjoy Singapore's ultra-low tax rate or tax exemption, and also achieve international legal tax avoidance: Compared to other major economies in the world, Singapore has a lower corporate tax rate (0-17%), which is levied on corporate profits; Singapore** has introduced a series of measures to assist foreign individuals or organisations doing business in Singapore to qualify for different levels of tax relief.

At the same time, the company's business transactions outside the country of Singapore are not subject to tax in Singapore**.

3.Circumvent barriers and get more tariff reliefs: Singapore's Free Agreements (FTAs) with a number of countries and regions facilitate businesses to effectively enter the international market, create greater business and investment opportunities, and have the opportunity to obtain more tariff reductions.

4.Favourable investment environment: Singapore has double taxation agreements and investment protection agreements with most countries in the world.

5.Independent legal personality: Singapore company law stipulates that private **** in Singapore has independent legal personality.

It can participate in litigation, own assets; Debt can also be incurred. The liability of the shareholders of the company is limited to the amount they have subscribed for but has not been paid in full. As long as the subscribed ** has been paid in full, the shareholders of the company have no other liabilities for the company's debts.

6.If the income of a private person is exempted for a year not exceeding S$5 million, the accounts for that year do not need to be audited;

7.No foreign exchange control, easy to raise funds; Holding companies can apply for listing on ** exchanges in many countries;

8.Opportunity to immigrate to Singapore: If you have a local business and pay taxes in Singapore, you can also get the opportunity to move to Singapore as a family.