With the emergence of innovative industries like Bitcoin, blockchain, VeChain, and ICOs, cryptocurrencies have attracted significant attention. Singapore’s highly open policies make it an ideal location for registration. Foundations in Singapore are registered as public companies; these companies are non-profit organizations, and each member bears guarantee obligations. Singapore’s non-profit organizations are registered and regulated by the Accounting and Companies Regulatory Authority (ACRA), with non-profit foundations classified as “Public Companies Limited by Guarantee.” Registration of such a company requires at least one Singaporean guarantor, and the company secretary must be a licensed secretary.

Singapore Foundation Registration Requirements

– Company Name –

The name of the Singapore foundation must be in English, all capital letters, and end with FOUNDATION LTD.; Chinese names are currently not accepted for registration.

– Registered Address –

Singapore Foundations must provide a local registered address in Singapore.

– Business Scope –

Singapore Foundations may choose a maximum of two types of business: (Commonly chosen business scopes of foundations for reference) 62019 Software development and other programming activities not specified.

62022 Software consulting. (Blockchain ICOs are essentially limited to these two areas)

– Registered Capital –

The minimum registered capital for foundations in Singapore starts at SGD 1, with no maximum limit. There is no strict deadline for depositing registered capital, and no stamp duty is levied.

– Company Director –

Directors of foundations in Singapore must be natural persons aged 18 or above. A company’s board of directors can consist of one or more directors, but must include at least one local director. Nominal directors generally do not participate in the company’s operations and do not own shares. Foundations in Singapore have no restrictions on the composition of shareholders; they can be natural persons or companies. **Commercial Secretary** Foundations in Singapore must appoint a commercial secretary.

Materials Required from Client

-Provide the company name and confirm the registered capital and scope of business.

-Provide photocopies of the passports and identity cards of all shareholders and directors. -Signing legal documents.

Service Duration

2-4 weeks. The specific timeframe is subject to government approval.

Service Content

• Foundation Registration (100% Success Rate)

• Government Registration Fee

• Electronic Business License

• First-Year Business Secretary Services

• Annual Address Services First

• First-Year Letter Receipt Service

• Complete Articles of Association (M&A) of the Foundation Company

• Company Stamp

• Nominee Director Fees for 12 Months

• Appointment of Foundation Auditor

• Free assistance in opening a personal VIP account in Singapore