{"id":3011,"date":"2018-08-30T05:23:05","date_gmt":"2018-08-30T05:23:05","guid":{"rendered":"http:\/\/www.boardroomlimited.com\/hk\/business-types\/private-limited\/"},"modified":"2019-02-05T05:36:29","modified_gmt":"2019-02-05T05:36:29","slug":"private-limited","status":"publish","type":"business-types","link":"https:\/\/www.boardroomlimited.com\/hk\/ch\/business-types\/private-limited\/","title":{"rendered":"\u79c1\u4eba\u6709\u9650\u516c\u53f8"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;fadeIn&#8221; el_class=&#8221;common-spacing &#8220;][vc_column][vc_row_inner][vc_column_inner][vc_column_text el_class=&#8221;subtext m-b-30&#8221;]<\/p>\n<p style=\"text-align: center;\">Private Limited<\/p>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;Incorporating a Private Limited Company in Singapore&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-50&#8243;][vc_column_text el_class=&#8221;w-70&#8243;]<\/p>\n<p style=\"text-align: center;\">Private Limited Company (\u2018Pte Ltd\u2019) is the most common type of company, which is limited by shares. The company may be registered with one shareholder. The shareholder can be either an individual or a corporation and there is no requirement for the shareholder to be a Singapore resident. The shareholder is liable to the amount, if any, unpaid on the shares issued to them. There is no minimum requirement for capital.<\/p>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;slideInLeft&#8221; el_class=&#8221;common-spacing types-milestones&#8221; css=&#8221;.vc_custom_1539085977653{background-color: #f7f7f7 !important;}&#8221;][vc_column][vc_row_inner disable_element=&#8221;yes&#8221;][vc_column_inner][vc_custom_heading text=&#8221;Facts to note about a Private Limited Company.&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-50&#8243;][vc_column_text]Definition: A business form which is a legal entity separate and distinct from its shareholders and directors<\/p>\n<p>Owned by:<\/p>\n<ul>\n<li>Exempt Private Company \u201320 members or less and no corporation holds beneficial interest in the company\u2019s shares<\/li>\n<li>Private Company \u2013 50 members or less<\/li>\n<\/ul>\n<p>Legal Status:<\/p>\n<ul>\n<li>A separate legal entity from its members and directors<\/li>\n<li>Members have limited liability<\/li>\n<li>Can sue or be sued in company\u2019s name<\/li>\n<li>Can own property in company\u2019s name<\/li>\n<li>Members not personally liable for debts and losses of company<\/li>\n<\/ul>\n<p>Registration Requirements:<\/p>\n<ul>\n<li>At least one shareholder<\/li>\n<li>At least one director ordinarily resident in Singapore, at least 18 years old<\/li>\n<li>If a foreigner wishes to act as a local director of the company, he can apply for an EntrePass from the Ministry of Manpower<\/li>\n<li>Undischarged bankrupts cannot be a director and cannot manage a company without approval from the Court or the Official Assignee.<\/li>\n<\/ul>\n<p>Formalities and Expenses:<\/p>\n<ul>\n<li>More costly to set up and maintain<\/li>\n<li>More formalities and procedures to comply with<\/li>\n<li>Must appoint a company secretary within six months of incorporation<\/li>\n<li>Must appoint an auditor within three months after incorporation unless the company is exempt from audit requirements<\/li>\n<li>Annual Returns must be filed. Statutory requirements for general meetings, directors, company secretary, share allotments, etc. must be complied with.<\/li>\n<\/ul>\n<p>Taxes:<\/p>\n<ul>\n<li>Profits taxed at corporate tax rates<\/li>\n<\/ul>\n<p>Continuity in Law:<\/p>\n<ul>\n<li>A company has perpetual succession until wound up or struck off<\/li>\n<\/ul>\n<p>Closing the Business:<\/p>\n<ul>\n<li>Winding Up \u2013 Voluntarily by members or creditors, compulsorily by the High Court<\/li>\n<li>Striking off<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_custom_heading text=&#8221;Facts to note about a Private Limited Company.&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-50&#8243;][vc_column_text][\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; content_placement=&#8221;middle&#8221; css_animation=&#8221;fadeIn&#8221; el_class=&#8221;h-400&#8243; css=&#8221;.vc_custom_1538487549314{background-image: url(https:\/\/www.boardroomlimited.com\/hk\/wp-content\/uploads\/sites\/3\/2018\/09\/cta.jpg?id=609) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_btn title=&#8221;Get Immediate Assistance&#8221; style=&#8221;custom&#8221; custom_background=&#8221;&#8221; custom_text=&#8221;&#8221; shape=&#8221;square&#8221; align=&#8221;right&#8221; el_class=&#8221;common-btn&#8221; link=&#8221;url:%23target|||&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;slideInRight&#8221; el_class=&#8221;common-spacing &#8220;][vc_column][vc_row_inner el_class=&#8221;m-b-50&#8243;][vc_column_inner][vc_custom_heading text=&#8221;Private Limited Service Needs&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-50&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text][\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; css_animation=&#8221;fadeIn&#8221; el_class=&#8221;h-400 effect-image&#8221; css=&#8221;.vc_custom_1539178786404{background-image: url(https:\/\/www.boardroomlimited.com\/hk\/wp-content\/uploads\/sites\/3\/2018\/10\/business-type_services.jpg?id=1740) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_column][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;slideInUp&#8221; el_class=&#8221;common-top-spacing inner-form-container&#8221; css=&#8221;.vc_custom_1539173647637{background-image: url(https:\/\/www.boardroomlimited.com\/hk\/wp-content\/uploads\/sites\/3\/2018\/10\/CTA_contact-form.jpg?id=1732) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=&#8221;Get in touch with our expert today!&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; el_class=&#8221;common-top-spacing inner-form&#8221; el_id=&#8221;target&#8221;][vc_column_inner el_class=&#8221;left-column&#8221; width=&#8221;1\/2&#8243;][contact-form-7 id=&#8221;380&#8243;][\/vc_column_inner][vc_column_inner el_class=&#8221;right-column&#8221; width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;1766&#8243; img_size=&#8221;full&#8221; style=&#8221;vc_box_circle_2&#8243; el_class=&#8221;person-image m-b-30&#8243;][vc_column_text el_class=&#8221;subtext m-b-30&#8243;]YOUR POINT OF CONTACT[\/vc_column_text][vc_custom_heading text=&#8221;Victor Lai&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_custom_heading text=&#8221;Regional Managing Director, Boardroom Corporate &amp; Advisory Services&#8221; font_container=&#8221;tag:h5|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-30&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; el_width=&#8221;10&#8243; accent_color=&#8221;#e9e6ee&#8221; el_class=&#8221;m-b-30&#8243;][vc_column_text el_class=&#8221;inner-contact m-b-50&#8243;]<\/p>\n<ul class=\"list-unstyled\">\n<li>E: <a href=\"mailto:info.sg@boardroomlimited.com\">info.sg@boardroomlimited.com<\/a><\/li>\n<li>T: <a href=\"tel:+65 6230 9773\">+65 6230 9773<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text]<div class=\"  uavc-icons m-b-50 hide\">\n<a class=\"aio-tooltip 69d20b5dd8609\" href=\"#\" target=\"_blank\" rel=\"noopener\"  data-toggle=\"tooltip\" data-placement=\"\" title=\"\"><div class=\"aio-icon  linkedin\" data-animation=\"\" data-animation-delay=\"03\" style=\"color:#000000;font-size:32px;margin-right:0px;\">\n\t<i class=\"Defaults-linkedin\"><\/i>\n<\/div><\/a><\/div>[vc_btn title=&#8221;VIEW PROFILE&#8221; style=&#8221;custom&#8221; custom_background=&#8221;&#8221; custom_text=&#8221;&#8221; shape=&#8221;square&#8221; align=&#8221;left&#8221; el_class=&#8221;common-btn hide&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"featured_media":2477,"template":"","class_list":["post-3011","business-types","type-business-types","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u79c1\u4eba\u6709\u9650\u516c\u53f8 - BoardRoom HongKong<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.boardroomlimited.com\/hk\/business-types\/private-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u79c1\u4eba\u6709\u9650\u516c\u53f8 - BoardRoom HongKong\" \/>\n<meta property=\"og:description\" content=\"[vc_row full_width=&#8221;stretch_row&#8221; 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