- July 9, 2020
Company Registration : Singapore Vs Indonesia
Company registration requirements and procedures vary across different nations.
This report provides a review of the company formation provisions in Singapore versus Indonesia including minimum statutory provisions, foreign ownership coverage, incorporation method, and timeline, agreement, etc. To know about company registration in Indonesia visit https://emerhub.com/lp-company-registration-indonesia/
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FOREIGN OWNERSHIP
Singapore does not force any restrictions on foreigners who want to conduct business in the nation. It allows 100% ownership (i.e. shareholding) of a Singapore independent limited company.
The company may participate in any lawful business activity.
In Indonesia, the overseas administrators can set up a foreign direct investment company with 100% ownership but with the following constraints:
* The business activities are confined to only those which are open to foreign investment.
* Over 15 years from the start of commercial services, the foreign shareholder is required to divest at least 5 percent of their shares into an Indonesian national or legal entity.
MINIMUM INCORPORATION Necessities
In Singapore, the least incorporation requirements include a regional registered location; at least 1 citizen manager (a Singapore Citizen, a Singapore PR, or an immigrant holding a valid business visa or Dependent Pass); a neighborhood citizen and qualified institution secretary (should be a natural person); a minimum of two and maximum of 51 shareholders (natural persons or partners ); and a minimum paid-up financing of SGD 1.00 (no accepted capital required).
Foreigners who want to register a company in Indonesia must comply with these conditions: a neighborhood registered address; at least 1 manager (should not be a resident); minimum of 2 and a maximum of 50 shareholders (natural characters or corporates) and a commissioner.
Although there is no compulsory minimum share capital requirement, authorities usually approve companies with the least discuss cash of USD 100,000 — USD 250,000.
