Steps to Setup Company Limited by Guarantee in Singapore
To set up company limited by guarantee in Singapore we have to follow several steps. Begin by reserving a unique name with ACRA. Prepare the company's constitution, outlining its objectives and governance structure. Appoint resident directors and at least one member, who act as guarantors rather than shareholders. Ensure a registered office address in Singapore. Submit incorporation documents to ACRA, detailing director and member information along with the constitution. After approval, adhere to regulatory obligations such as annual returns and record maintenance. Register for taxes as required and open a corporate bank account. These steps establish legal compliance and lay the groundwork for your CLG's operations in Singapore.