Singapore Company Management – Allotment of Shares

1. What is the process for Singapore allotment of shares?

​When the company requires to allot new shares, the company has to file the allotment of shares via ACRA. If you require any further information, please do not hesitate to contact us.

2. Can new shares be allotted without payment for the capital?

​No, you must pay capital before allotting new shares. We can proceed to file the allotment of shares after we received the remittance proof of paid-up capital.

3. Are there any reports required by the bank in Korea for allotment of shares?

​Yes, you need to report to bank in Korea before you transfer out capital from Korea to overseas. For the reports in Korea, Please get advise in detail from consutants and banks based in Korea.

4. Can the company appoint additional Individual /Corporate Shareholders after register a company in Singapore?

The company can appoint additional Individual/Corporate Shareholders after register a company. Please refer to the below documents required to appoint additional Individual/Corporate Shareholders.

For individual Shareholders:

a) Passport copy

b) Latest address proof in English (issued within 3 months)

For Corporate Shareholders:

a) Corporate registration and related documents

b) Passport copy and latest address proof of the Corporate Representative

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