The shareholders of a company are considered its owners and they may wish to sell or transfer their shares for reasons such as retirement, gifting or raising funds. Read on to find out the steps a private company in Singapore can take to issue shares. This article will discuss the setting up of an Exempt Private Company in Singapore. Private limited companies in Singapore may appoint a minimum of 1 and up to 50 local or foreign shareholders. In this guide, we will refer to the original shareholder as the “transferor”, and the recipient as the “transferee”. Private companies can further be classified into private companies limited by shares and Exempt Private Companies (EPCs). Feel free to email us at info@sbsgroup.com.sg or contact us using +65-6536 0036. Companies in Singapore can be classified into limited or unlimited companies, as well as public or private companies. Pte Ltd is limited by shares. However, a private limited company is the most preferred one. A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form 43(3)(e) to the Registrar. The obvious benefit is that a company in Singapore is limited by shares and is a separate legal entity from its shareholders. © 2021 Crowe Horwath First Trust LLP Crowe Horwath First Trust LLP is a member of Crowe Global, a Swiss verein. The process for setting up a Singapore company is easy and free of red-tape. As a result, shareholders of a Singapore company are not liable for its debts and losses beyond their amount of share capital. A private company limited by shares, or an unlimited company with a share capital, may re-register as a public limited company (PLC). A public company limited by shares is a locally incorporated company; it must have the word "Limited" as part of its name. Singapore offers different types of legal structures for your use. A private company limited by shares is often referred to as a “private limited company”. A Limited Liability Company (LLC) is more often not limited by shares. It is recognised as a taxable entity in its own right. Depending on how a company's shares are issued, promising benefits such as capital investment can be acquired. A private limited company has between 1 and 50 shareholders, who can be private individuals or corporations. If you are selling your shares for the first time or are pressed for time, you may need professional assistance of an experienced Singapore company secretary services provider. Such companies are often listed on a stock exchange and raise capital by issuing shares and debentures. An LLC usually operates as a separate legal entity, quite similar to a corporation. The owners of the company are protected from liabilities that may arise from the business. What is a Singapore Private Limited Company (Pte Ltd)? 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