Different types of businesses necessitate different company setups. Before starting a business or incorporating a company, learn which type of company will work most efficiently for your business.
Private Company limited by shares
This is a locally incorporated company where the maximum number of shareholders is limited to 50.
Exempt Private Company
This is a private company:
which has not more than 20 shareholders, and none of the shareholders is a corporation or
that is wholly owned by the Government and which the Minister, in national interest, declares by notification in the Gazette to be an exempt private company.
Public Company limited by shares
A public company limited by shares is a locally incorporated company in which the number of shareholders can be more than 50. The company may raise capital by offering shares and debentures to the public. A public company must register a prospectus with the Monetary Authority of Singapore before making any public offer of shares and debentures.
Public Company limited by guarantee
A public company limited by guarantee is one which carries out non-profit making activities that have some basis of national or public interest, such as for promoting art, or charity etc. The Minister may approve the registration of the company without the addition of the word “Limited” or “Berhad” to its name.