Incorporation of Local Company Step-by-Step Guide PDF

Step by Step Guide for Incorporation of Local Company Steps Description 1. Go to www.bizfile.gov.sg Click on ‘eServices’ > ‘Local Company’ > ‘Start a new Local Company’ > ‘Incorporation of Local Company’. You will be re-directed to the Login Page. For more detai...

Step by Step Guide for Incorporation of Local Company Steps Description 1. Go to www.bizfile.gov.sg Click on ‘eServices’ > ‘Local Company’ > ‘Start a new Local Company’ > ‘Incorporation of Local Company’. You will be re-directed to the Login Page. For more details, please refer to the step-by-step guide on Login. Incorporation of Local Company Page 1 Last Updated on 30 Jun 2021  Steps Description 2. The checklist page is displayed. 3. Enter the Transaction No. and click on ‘Next’. Incorporation of Local Company Page 2 Last Updated on 30 Jun 2021  Steps Description 4. The e-form is displayed. Incorporation of Local Company Page 3 Last Updated on 30 Jun 2021  Steps Description 5. Enter the financial year end date and select the financial year period accordingly. Incorporation of Local Company Page 4 Last Updated on 30 Jun 2021  Steps Description 6. Note that if the financial year end date entered is more than 18 months from the incorporation date, a new field “Reasons for applying for a financial year of longer than 18 months” will prompted for the lodger to select the reason(s) accordingly. Click on Add Officer/Shareholder button to appoint new officers/shareholders. Incorporation of Local Company Page 5 Last Updated on 30 Jun 2021  Steps Description 7. Select ‘Position Held’. 8. Select the ‘Category’ as Individual. ‘Identification Type’ and ‘Identification No.’ will be displayed Incorporation of Local Company Page 6 Last Updated on 30 Jun 2021  Steps Description 9. If the Identification type selected is NRIC (Citizen) or NRIC (Permanent Resident), enter the Identification No. and click on ‘Retrieve’ command button. Incorporation of Local Company Page 7 Last Updated on 30 Jun 2021  Steps Description 10. The bio/non-bio data information is displayed. Enter the ‘Name’ and ‘Contact Information’ and click on ‘Add Officer/Shareholder” command button. Incorporation of Local Company Page 8 Last Updated on 30 Jun 2021  Steps Description 11. If the Identification type selected is FIN or Passport/Others, enter the Identification No., select the ‘Nationality’ and click on ‘Retrieve’ command button. Incorporation of Local Company Page 9 Last Updated on 30 Jun 2021  Steps Description 12. The bio/non-bio data information is displayed. Enter the ‘Name’, ‘Residential Address’, ‘Date of Birth’ and ‘Contact Information’ and click on ‘Add Officer/Shareholder” command button. Incorporation of Local Company Page 10 Last Updated on 30 Jun 2021  Steps Description 13. ‘Officers/Shareholders Details’ will be populated in the table. 14. Select currency under ‘Select Currency’ dropdown in the ‘Share Capital Details’ tab. Incorporation of Local Company Page 11 Last Updated on 30 Jun 2021  Steps Description 15. The ‘Share Capital Information’ section with the selected currency will be displayed. 16. Select ‘In Cash’ option for ‘Shares Payable’ and enter the Share Details. Incorporation of Local Company Page 12 Last Updated on 30 Jun 2021  Steps Description 17. Alternatively, select ‘Otherwise in Cash’ option for ‘Shares Payable’. Enter the share details, choose the required options under ‘Method of Allotment’ and attach the respective Document. Incorporation of Local Company Page 13 Last Updated on 30 Jun 2021  Steps Description 18. Alternatively, select ‘Both’ option for ‘Shares Payable’. Enter the share details, choose the required options under ‘Method of Allotment’ and attach the respective Document. Incorporation of Local Company Page 14 Last Updated on 30 Jun 2021  Steps Description 19. If there are Sub-Classes of shares, please select ‘Yes’ and enter the Sub-Classes. Otherwise select ‘No’. Incorporation of Local Company Page 15 Last Updated on 30 Jun 2021  Steps Description 20. Enter the details for the Sub – Class and click on ‘Add Sub-Class’ to complete the action. Click on to delete the selected sub-class. Click on if there are more than one sub-class. Enter details only if you have Preference or other types of shares Incorporation of Local Company Page 16 Last Updated on 30 Jun 2021  Steps Description 21. The entered Sub-Class will be displayed. Incorporation of Local Company Page 17 Last Updated on 30 Jun 2021  Steps Description 22. Click on ‘Add Share Capital’ to complete adding the share capital. Incorporation of Local Company Page 18 Last Updated on 30 Jun 2021  Steps Description 23. Click on ‘Shareholder Details’ tab to allot shares to Shareholders. Incorporation of Local Company Page 19 Last Updated on 30 Jun 2021  Steps Description 24. Click on ‘Identification No./UEN’ Incorporation of Local Company Page 20 Last Updated on 30 Jun 2021  Steps Description 25. Select currency from the ‘Select Currency’ dropdown. Incorporation of Local Company Page 21 Last Updated on 30 Jun 2021  Steps Description 26. Enter the ‘Allotment Details’. Incorporation of Local Company Page 22 Last Updated on 30 Jun 2021  Steps Description 27. If there are Sub-Classes of shares, please select ‘Yes’ and enter the Sub-Class details. Otherwise select ‘No’. Incorporation of Local Company Page 23 Last Updated on 30 Jun 2021  Steps Description 28. Click on ‘Edit Shareholding’ after entering values. Incorporation of Local Company Page 24 Last Updated on 30 Jun 2021  Steps Description 29. Click on ‘New Group’ to allot Group Shares to allot Group Shares. Incorporation of Local Company Page 25 Last Updated on 30 Jun 2021  Steps Description 30. Select a Group and Currency. Incorporation of Local Company Page 26 Last Updated on 30 Jun 2021  Steps Description 31. Enter ‘Group Share Allotment’ details. Incorporation of Local Company Page 27 Last Updated on 30 Jun 2021  Steps Description 32. If there are Sub-Classes of shares, please select ‘Yes’ and enter the Sub-Class details. Otherwise select ‘No’. Incorporation of Local Company Page 28 Last Updated on 30 Jun 2021  Steps Description 33. Click on ‘Existing Shareholder’ and add the shareholder to the Group. Incorporation of Local Company Page 29 Last Updated on 30 Jun 2021  Steps Description 34. Click on ‘Add Group Shareholding’. Incorporation of Local Company Page 30 Last Updated on 30 Jun 2021  Steps Description 35. The Entered Values will be populated in the Table. Incorporation of Local Company Page 31 Last Updated on 30 Jun 2021  Steps Description 36. Click on ‘Registered Office and Constitution’ tab. 37. Enter the ‘Postal Code’ and click on retrieve icon ( ) Incorporation of Local Company Page 32 Last Updated on 30 Jun 2021  Steps Description 38. Select the Working Hours. Incorporation of Local Company Page 33 Last Updated on 30 Jun 2021  Steps Description 39. Select ‘Constitution models’ or upload ‘Customized Constitution’. Incorporation of Local Company Page 34 Last Updated on 30 Jun 2021  Steps Description 40. Enter the Details under ‘Notice of Compliance’. Incorporation of Local Company Page 35 Last Updated on 30 Jun 2021  Steps Description 41. Click on ‘Submit’ after verifying the Declaration section. 42. Verify all the details in the Preview page and click on ‘Confirm’; Otherwise click on ‘Exit Preview’ to make the necessary changes. Incorporation of Local Company Page 36 Last Updated on 30 Jun 2021  Steps Description 43. Click on ‘Pay Now’. If you need help, please refer to the step by step guide on e-payment. Incorporation of Local Company Page 37 Last Updated on 30 Jun 2021  Steps Description 44. Acknowledgement page will be displayed along with the UEN of the Incorporated Local Company. If endorsement is required, please refer to ‘Endorsement’ eGuide on how to endorse and complete the incorporation transaction after endorsement is done. Incorporation of Local Company Page 38 Last Updated on 30 Jun 2021