How To Register Non Profit Organization In Singapore
Registration of non profit organisations in singapore non profit organisations npos also referred to as voluntary welfare organisations vwos are divided into 3 categories in singapore.
How to register non profit organization in singapore. Setting up a non profit entity singapore registered with acra brings forth and eradicates the issues related to religious scientific or artistic origin. To run a public company limited by guarantee at least 1 director and 1 member are needed plus a company secretary. Registration as a public company limited by guarantee. Charities and non profit organisations are required to register for gst if their annual taxable supplies exceed s 1 million even if they are engaged mostly in non business activities. There are more than 200 registered non profit entities in singapore operating in the main cities such as tampines and choa chu kang.
Additional conditions to qualify for ipc status. For more information on gst registration please refer to registering for gst. Generally the incorporation process of a non profit organisation in singapore is the same as that of a private limited company in singapore the main difference being the absence of the requirement to have an issued and paid up share capital as a npo is usually incorporated as a public company limited by guarantee i e. A non profit entity is an organization that does not distribute or share its profits or surplus income amongst its registered members. Foreign nationals who are seeking to set up an npo in singapore must first decide the type of non profit entity they wish to register.
For information on all the requirements for establishing a non profit organization in the city state you can refer to our company formation consultants in singapore. A company limited by guarantee clg under the accounting and corporate regulatory authority of company acra. In singapore an npo can be set up any one of the three forms and can be known as voluntary welfare organizations vwos. Singapore ngos registered as companies and societies must have 2 directors and a secretary respectively a treasurer and a president who must be singapore residents. Instead the surplus is used to expand and grow the organization.
Another stipulation is that the company secretary and at least one of the directors must be a resident of singapore. Non profit organizations npos are legal entities in singapore. Members of the company provide a guarantee that they will pay a sum of. A non profit entity registered as a society is a little less formal than a public company limited by guarantee.