How much should I indicate as paid-up capital?
Generally, the minimum paid-up capital to incorporate a company is S$1.00. The paid-up capital can also be increased anytime later. However, a healthy paid-up capital means more liquidity for the business. There can be situations where the company will need to have a prescribed minimum paid-up capital.
For example:
The business of the company is in an industry where licenses are required.
Where the company requires to apply for a loan.
We recommend taking reference from the intended initial deposit amount. For example, if you are depositing $1000 during the initial bank account set up, you can indicate $1000 as the paid-up capital amount.
For example:
The business of the company is in an industry where licenses are required.
Where the company requires to apply for a loan.
We recommend taking reference from the intended initial deposit amount. For example, if you are depositing $1000 during the initial bank account set up, you can indicate $1000 as the paid-up capital amount.
Updated on: 23/12/2022
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