Local Public Company

There are 2 types of public company in Singapore:

  • Public Company Limited by Shares
  • Public Company Limited by Guarantee

Public Company Limited by Shares

Public company limited by shares is a limited liability company (LLC) that holds the following features:

  • Meant for large businesses
  • Can expand to more than 50 shareholders.
  • Shareholders hold limited liability.
  • Can raise capital by offering shares or debentures to the general public.
  • Shares limit is based according to the Singapore Companies Act.

This LLC can be listed on a stock exchange (referred to as “listed companies”) but will require registering a prospectus with the Monetary Authority of Singapore (MAS) before any public offering or debentures.

Public Company Limited by Guarantee

Public company limited by guarantee is a limited liability company (LLC) that holds the following features:

  • Usually formed for non-profit national or public interests such as promotion of art or charity.
  • Contains members instead of shareholders.
  • Members are not required to pay any capital.
  • Members’ liability is limited to the amount they agreed to contribute (as stated in the Memorandum of Association) in the event of the company’s winding up.

Registering a Singapore Public Limited Company

Registering a public limited company carries the same procedures as registering a private limited company. The procedures are as follows:

  1. Choosing a company name;
  2. Preparing the memorandum and articles of association;
  3. Filing the required documents with Accounting and Corporate Regulatory Authority (ACRA);
  4. Registering for GST and taxation;
  5. Registering for social security purposes.

How Timcole can Help You

It is necessary for foreign citizens seeking to start up a public company in Singapore to appoint a local agent to assist in the registration process. Timcole has years of experience handling the registration procedures for public and private limited companies.

Timcole is one of the leading company incorporation and accounting firm based in Singapore. Our wide range of professional services serve as a one-stop solution for your business, offering you the most affordable price for services conducted with the highest level of excellency.

Contact us to find out more on how we can help you with your company today.