Transfer of shares in Singapore

Transfer of shares in a private limited company — a procedure when a shareholder sells all of his shares or some of them to a company or an individual. It must happen in accordance with the company’s Constitution and the legal requirements.

Essential
Secretary

Good for a small company or a business with a settled
structure

S$300

Unlimited Secretary

Perfect for the first year with
many expected changes, or for a larger business

S$600

Need more?

We have packages with additional accounting and reporting, plans for dormant companies, and one-off services you may need

Why choose Osome?

  • Advanced Planning

    Advanced Planning

    We track the deadlines for you and keep you updated so that you don’t get fined

  • Access your documents whenever you need them

    Access your documents whenever you need them

    We arrange and store your documents online, so you can instantly access the ones you need

  • We Are Online 24/7

    We Are Online 24/7

    We respond within 15 minutes and are ready to answer your questions whenever you need answers

Q&A

  • What papers form the transfer of shares’ set of necessary documents?

    There are quite a few documents to take care of. Firstly, it’s the Directors’ Resolutions in Writing (DRIW) to note the purchase, sale or the acceptance of shares and authorize the actions related to the process such as the usage of the company’s Seal, the compiling of papers and the duty payment to IRAS.

    Secondly, one will need to prepare the Instrument of Transfer – it signifies that both sides of the deal agree to go on with it.

    Thirdly, IRAS demands to prepare the Working Sheet based on the company’s latest accounts.

    Lastly, the transfer of shares implies reissuing the Share Certificates (the documents that specify the ownership of the shares). The old ones have to be tendered and returned back to the company for cancellation for the shares that were sold before issuing new Share Certificate(s) to the buyer. The issuance of the Share Certificate is authorized by the affixation of the company’s Common Seal.

    To accomplish a legal transfer of shares, a corporate secretary also must update the company’s registers and report to ACRA about the deal.

  • Which authorities oversee the transfer of shares?

    ACRA and IRAS do. ACRA is Accounting and Corporate regulatory authority, it collects the information about the transfer of shares. IRAS stands for “Inland Revenue Authority of Singapore”, it collects the relevant duties.

  • What’s a stamp duty?

    A stamp duty is a transfer of shares-related fee that is collected by IRAS. The size of the duty is calculated based on the Working Sheet. For more detailed information, see the IRAS FAQ.


    We will be happy to answer your questions in a secure chat
Get a Free Consultation Now Get a Free Consultation Now

We will be happy to answer your questions in a secure chat

  • ACRA registered filing agent
    FA20170653
  • Xero Platinum Partner
    Xero
    Platinum Partner
  • Institute of Singapore Chartered Accountants
    Our accountants are certified by ISCA
  • MOM Employment Agency License
    License No. 19S9930
  • Infocomm Media Development Authority
    Pioneers of Cloud Community Network
We’re using cookies! What does it mean?
Scrolled to bottom