Bestar Reply Shelf Company Inquiry Singapore

Bestar Reply Shelf Company Inquiry Singapore

Bestar Singapore Shelf Company Inquiry Reply

Inquiry about Purchasing a Shelf Company in Singapore

Bestar is a corporate services firm in Singapore offering company incorporation and advisory services (including information on shelf companies),

Immediate Market Entry: Your Comprehensive Guide to Buying a Shelf Company in Singapore with Bestar

Are you an entrepreneur or a foreign investor looking for the fastest way to establish a presence in Singapore’s dynamic market? A Singapore Shelf Company—also known as a ready-made or aged company—offers an immediate launchpad.

At Bestar, we specialize in providing compliant, hassle-free acquisition of shelf companies. This guide answers all your critical questions and outlines the seamless process we facilitate, ensuring you start business operations with maximum speed and complete legal assurance.

What is a Singapore Shelf Company?

A Shelf Company in Singapore is a private limited company that has been legally incorporated with the Accounting and Corporate Regulatory Authority (ACRA) but has remained dormant (non-operational) since its registration.

Key Features:

• Established Incorporation Date: It has an existing Unique Entity Number (UEN) and a date of incorporation, which can provide instant credibility and a perceived "operating history."

  
  

• Ready Structure: It already has the minimum required structure, including at least one shareholder, a local resident director (often a nominee director), and a qualified company secretary.

  
  

• Zero Activity & Liability: A properly maintained shelf company has no prior business activities, assets, or liabilities.

Why Choose to Buy a Ready-Made Company in Singapore?

Foreign investors often choose to buy a ready-made company Singapore for three primary reasons:

1. Speed to Market: Bypassing the full incorporation process allows you to begin contracting, invoicing, and generating revenue immediately upon transfer.

   
   

2. Instant Credibility: An older incorporation date can be beneficial when tendering for contracts, applying for certain licenses, or seeking corporate loans from local banks, as some require a company history.

   
   

3. Simplified Start: The core administrative setup (ACRA registration, appointing initial officers) is already complete, allowing you to focus on your business model.

   
   

Bestar’s 4-Step Process for a Secure Shelf Company Acquisition

Purchasing a shelf company must be done with meticulous due diligence to ensure a clean transfer. Bestar simplifies this process:

Step 1: Selection & Due Diligence

We provide you with a list of available, fully compliant shelf companies, allowing you to choose based on factors like:

• Age of Incorporation: (Older companies may command a higher premium.)

  
  

• Company Name: (Note: The name can be changed after acquisition.)

  
  

Our commitment: Bestar performs rigorous checks to certify the company has:

• Zero Liabilities or Debts.

• Clean Compliance History with ACRA and IRAS (Inland Revenue Authority of Singapore).

• Full Statutory Compliance as a dormant entity (e.g., required annual filings).

  
  

Step 2: Agreement & Ownership Transfer

Once you select the company, we draft the Share Transfer Agreement (Contract of Sale). The ownership transfer is executed through:

• The transfer of all issued shares to the new owner(s).

• The removal of the old nominee director(s) and company secretary.

• The appointment of your new director(s) and the new company secretary.

  
  

Step 3: Post-Acquisition Compliance & Updates

Bestar Corporate Services immediately manages all necessary statutory updates with ACRA, including:

• Changing the Company Name (if required).

• Updating the Registered Address.

• Filing the details of the new directors and shareholders.

• Adopting a new Company Constitution (if needed).

  
  

Step 4: Bank Account & Full Operational Setup

We provide dedicated support for one of the most crucial steps: successfully opening a Singapore corporate bank account. Our advisory team assists in preparing the required documentation and navigating the bank's KYC (Know Your Customer) procedures for the new beneficial owners and directors.

Crucial Legal Compliance: What You Must Know

While a shelf company offers speed, it must adhere to all Singapore Companies Act requirements post-transfer:

Requirement	Details	Bestar's Support
Local Resident Director	The company must have at least one director who is a Singapore Citizen, Permanent Resident (PR), or holds a valid Employment/Dependent Pass.	Nominee Director Services: We provide reliable, compliant Nominee Director services until you appoint your own local resident.
Company Secretary	A qualified Company Secretary must be appointed.	Corporate Secretarial Services: We provide ongoing secretarial support to manage all your statutory filings and compliance.
Registered Address	A local physical address (not a P.O. Box) is mandatory.	We offer registered office address services.
Minimum Capital	The required minimum paid-up capital is S$1.00.	We ensure the company meets this and assist with capital adjustments.

Ready to Start Your Singapore Business Immediately?

Choosing to buy a shelf company in Singapore is a strategic decision for rapid expansion. By partnering with Bestar, you gain not just a registered entity, but the assurance of a clean, fully-compliant corporate vehicle backed by expert advisory.

Contact Bestar today to receive a confidential list of our available shelf companies and a customized proposal for a swift, secure acquisition. Stop waiting, start operating.

Fees

The total fee structure for acquiring a shelf company through Bestar in Singapore involves three main components: the cost of the shelf company itself, the acquisition cost of the shelf company, and ongoing annual service fees.

1. Shelf Company Acquisition Price

The initial cost for the dormant company (the shelf company itself) is determined by market factors, primarily its age. The price of a shelf company varies based on its age and unique status.

• Price: Typically, the price for a clean, compliant shelf company in Singapore is S$3,500 or more.

  
  

• Key Factor: Age is the biggest determinant; an older incorporation date generally leads to a higher cost due to the perceived benefit of "established credibility."

  
  

2. Essential One-Time Fees

In addition to the shelf company's base price, you will incur service and government fees to legally transfer and update the company.

Fee Item	Cost	Notes
Transfer & Due Diligence Fee	S$300	Professional fee for executing the sale-purchase agreement, share transfer, and verifying the company's clean history. Mandatory.
Change of Director	S$100	Updating the director information with the ACRA. Mandatory.
Nominee Director Fee	S$2,500/year	Required for foreign owners who lack a local resident director. This is an annual fee.
Nominee Director Deposit	S$2,500 (Refundable)	A security deposit, refundable upon termination of the service.
Corporate Secretary Service	S$350/year	Mandatory under the Singapore Companies Act to manage compliance, Annual General Meetings (AGM), and Annual Return (AR) filings.
Registered Office Address	S$180/year	Mandatory local physical address for official correspondence.
Bank Account Setup Assistance	S$150	Fee for assisting with the bank account sign-on.

3. Mandatory Ongoing Annual Compliance Costs

Once the shelf company is legally transferred, you must budget for continuous compliance services, which Bestar provides.

Service Item	Cost	Notes
Corporate Secretary Service	S$350/year	Mandatory under the Singapore Companies Act to manage compliance, Annual General Meetings (AGM), and Annual Return (AR) filings.
Registered Office Address	S$180/year	Mandatory local physical address for official correspondence.
Nominee Director Renewal	S$2,500/year	Annual renewal for the mandatory local resident director service (if used).
Accounting & Tax Filing	S$2,800/year (GST-exclusive)	Varies significantly based on the volume and complexity of your business transactions.

💡 Summary for Foreign Investors

The initial outlay to purchase a shelf company in Singapore typically ranges from S$3,900 to S$7,130 (excluding the refundable deposit).

For a precise, tailored quote for a specific shelf company and the full suite of services required for your immediate launch, contact Bestar.

Bestar Reply Shelf Company Inquiry Singapore

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