AsiaBiz Services

Yes, non-cash considerations such as fixed assets can be used to increase the paid-up capital. However, sufficient evidence of the valuation of the assets must be provided.

After we have injected the money into our company as paid-up capital, how soon can we start using it towards business expenses or investment?

There is no lockup period as such. You can start using it towards your company’s needs immediately.

You will first need to inject the necessary capital into your company bank account and send us a copy of the bank deposit slip showing the capital injection.

Upon receipt of the proof of capital injection, we will prepare the documents and lodged with the corporate authorities.

Upon obtaining your signature on the above documents, we will be able to lodge them with ACRA and get an updated company profile showing the revised paid-up capital for your Singapore company.

The paid-up capital can be of any legal currency.

Upon incorporation, the issued share capital must be paid up immediately into the corporate bank accounts.

In the unfortunate event that the company goes under, the creditor can inspect the company’s accounts and lay their claim for the balance paid up, if it has not been utilized.

Upon incorporation, the issued share capital must be deposited immediately into the corporate bank accounts.

Singapore has abolished authorised capital requirements for a Singapore company.

Paid-up capital is essentially the portion of share that the company has issued and received payment for in full.

A Singapore company can be registered with a minimum paid up capital of S$1 (Or its equivalent in any currency).