Can we use non-cash consideration to increase the paid-up capital of our company?
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.
Usage of Paid-Up Capital
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.
What is the procedure for increasing paid-up capital at a later date?
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, [...]
Issued Share Capital funds
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.
When must I pay the paid-up capital and where?
Upon incorporation, the issued share capital must be deposited immediately into the corporate bank accounts.
Is there authorised capital in Singapore?
Singapore has abolished authorised capital requirements for a Singapore company.
What is paid up Capital?
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).
