What is paid-up capital?
Paidup capital is the total amount of shareholder capital that has been paid in full by shareholders. In other words, your investment and equity into the company.
What is the minimum paid-up capital required for Singapore company registration? Can it be increased later?
The minimum required paidup capital when registering a Singapore company is S$1. Yes, it can be increased anytime later.
What is the procedure for increasing paid-up capital at a later date?
Typically, the process of increasing paidup capital works as follows:
- Inject the necessary capital into your company's bank account
- Prepare and sign necessary documents
- Lodge paidup capital increase notification with Company Registrar
Can we withdraw the money that we injected into the company bank account as paidup capital?
Once the money is injected into your company as paid-up capital, the money no longer belongs to you but to the company. You will be able to use it only for valid business needs of the company. You cannot withdraw it for non-company expenses.
After we have injected the money into our company as paid-up capital, how soon can we start using it towards business purposes?
There is no lockup period as such. You can start using it towards your company needs immediately.
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