How much paidup capital should I list for our Singapore company?
How much paidup capital you should have for your company depends more on your business plans than anything else. Having a higher paidup capital will add credibility to your company when you are dealing with your suppliers, banks, etc. If you plan to apply for work passes for foreign staff, a higher paidup capital will be looked more favorably by Ministry of Manpower. There may also be specific paidup capital requirements for certain business licenses such as travel agency license, recruitment agency license, financial services license, etc. If you want to list a paidup capital higher than the minimum S$100, you have two options: Option 1:List a higher paidup capital at the time of incorporation Keep in mind that whatever paidup capital amount you list, will need to be deposited into the company’s bank account. Since we will be acting as company secretary for your company, we carry certain fiduciary responsibilities in this matter and have to ensure that the necessary paidup capital is
