Singapore offers different types of legal structures for your use. However, a private limited company is the most preferred one. As of 2018, approximately 65% of all companies in Singapore operate as private limited companies. In this guide, we will refer to the original shareholder as the “transferor”, and the recipient as the “transferee”. It is recognised as a taxable entity in its own right. The process for setting up a Singapore company is easy and free of red-tape. A private company limited by shares, or an unlimited company with a share capital, may re-register as a public limited company (PLC). Exempted Private Companies also enjoy all other benefits enjoyed by private limited companies along with these unique privileges including protection of shareholder’s assets, distinct legal entity, infinitely incredible image of the business entity and transfer of shares etc. If you are selling your shares for the first time or are pressed for time, you may need professional assistance of an experienced Singapore company secretary services provider. The shareholders of a company are considered its owners and they may wish to sell or transfer their shares for reasons such as retirement, gifting or raising funds. A private limited company has between 1 and 50 shareholders, who can be private individuals or corporations. Private companies can further be classified into private companies limited by shares and Exempt Private Companies (EPCs). A Limited Liability Company (LLC) is more often not limited by shares. The obvious benefit is that a company in Singapore is limited by shares and is a separate legal entity from its shareholders. Companies in Singapore can be classified into limited or unlimited companies, as well as public or private companies. © 2021 Crowe Horwath First Trust LLP Crowe Horwath First Trust LLP is a member of Crowe Global, a Swiss verein. Read on to find out the steps a private company in Singapore can take to issue shares. A public company limited by shares is a locally incorporated company; it must have the word "Limited" as part of its name. As a result, shareholders of a Singapore company are not liable for its debts and losses beyond their amount of share capital. There is no limit on the maximum number of shareholders. What is a Singapore Private Limited Company (Pte Ltd)? Private limited companies in Singapore may appoint a minimum of 1 and up to 50 local or foreign shareholders. An LLC usually operates as a separate legal entity, quite similar to a corporation. Feel free to email us at info@sbsgroup.com.sg or contact us using +65-6536 0036. The owners of the company are protected from liabilities that may arise from the business. Such companies are often listed on a stock exchange and raise capital by issuing shares and debentures. A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form 43(3)(e) to the Registrar. A private company limited by shares is often referred to as a “private limited company”. Pte Ltd is limited by shares. Depending on how a company's shares are issued, promising benefits such as capital investment can be acquired. This article will discuss the setting up of an Exempt Private Company in Singapore. Are often listed on a stock exchange and raise capital by issuing shares and Exempt private can! Depending on how a company 's shares are issued, promising benefits as! 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