Registered Address
C
ompanies must have a registered office to which all notices and official documents may be sent and at which the company is to keep the various registers that it is required to maintain under the law. Every company registered in Singapore is required to have a registered office address. The registered address must be a physical address and cannot be a PO Box. We at Prubiz allow use of registered address for certain types of business.
Registration of Singapore Central Provident Fund (CPF):
The Central Provident Fund or CPF is a compulsory pension fund scheme in which the employer and employee contribute a percentage of the monthly salary to the fund. CPF contribution by the employer is mandatory for all local employees who are Singapore citizens or permanent residents earning more than S$500 a month. The maximum CPF contribution rate for employer and employee is 17% and 20% respectively and can be lower depending on certain factors such as employee age, permanent resident status, etc. CPF contribution for foreign employees is not required.
Custom Registration
If your business activities involve import, export and transhipment in and out of Singapore, you will need to register your company with the Singapore Customs and obtain a Custom Registration commonly known as CR No. Companies engaged in export, import or transhipment activities in Singapore are required to register the company with the Singapore Customs as an importer, exporter, common carrier or others. The Singapore Customs will issue a Custom Registration Number (CR No.). The Custom Registration number is mandatory for Singapore companies or organizations engaged in trading activities with other counties.