All Question About Paid Up Answered Here
Paid up refer to the total amount investment in the Company in return for the Company shares .
Related Article : what is Paid Up Capital
Frequently Asked Questions (FAQ)
How to Decide Amount of Paid Up ?
If you apply for Visa Entrepreneur Pass , Company must have at least S$50,000 paid up.
If you engaged business industrial such as travel agency, recruitment agency etc , company is required to meet the paid up requirement .
In normal circumstance, is depend on the business natural example if company dealing with trading activities of course more cash flow is important and paid up is 1 way.
What is Legal Currency?
Is up to management to decide . Mostly is depend on the business natural, if involved with International Transaction, of course USD will be good choice .
When must i deposit the money into company bank account ?
Company Secretary will need to have copy of bank in slip or any other documents to proof that the fund been deposit before lodgement with ACRA .
Must the paid up keep into company bank account ? when it can been withdrawn out ?
The paid up can be withdrawn out for the purpose of operation of company transaction example : pay rented, salary, purchase equipment etc
What is the implication of the paid up shares ?
Paid up share means the share value had been fully paid . And company will based on it to declare dividend.
Declaration of dividend is based on porportion of shareholding .
What is Partly paid up ?
When issued of new share, director should determine it should be issued as fully paid or partly paid share .
Partly paid up share means company only received the partial payment for the share .
Example : Company issued 100 shares with value of S$100 but received only S$50 .
For the balance of S$50 , company will call up in agreed due course .