Q：
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What is paid-up capital?
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A：
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Paid-up capital is the total amount of capital that has been paid in full by shareholders in a company.
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Q：
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What is the minimum amount of paid-up capital that is required to register a company in Singapore? Can it be increased after the incorporation?
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A：
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The minimum amount of paid-up capital that is required for a new company registration in Singapore is SGD1.00 and it can be increased anytime later.
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Q：
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What is the procedure for increasing the paid-up capital?
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A：
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The paid-up capital can be increased later following this procedure:
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The proposed shareholder(s) must first inject the necessary capital into the company’s bank account and a copy of transaction slip/bank statement showing proof of capital injection must be provided to us.
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Once the transaction slip/bank statement has been received, we will prepare necessary resolutions and forms for client’s signatures.
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Upon signing, these documents will be filed with Accounting and Corporate Regulatory Authority of Singapore (ACRA) to update the paid-up capital of the company.
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Q：
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Is there a required currency for paid-up capital?
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A：
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Singapore Companies Law allows any legal currency to be used as paid-up capital.
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Q：
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Is there a lock-up period for the paid-up capital?
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A：
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No, there is no lock-up period. Once the funds have been injected into the company’s bank account as paid-up capital, it can be used anytime but solely for business purposes.
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Q：
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Can a shareholder withdraw his share of the paid-up capital?
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A：
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Once the funds are injected into the company as paid-up capital, it belongs to the company and must be used for its business purposes. A shareholder is not allowed to withdraw any amount from the paid-up capital.
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FAQ
