Today we signed the documents with my long-time friend and excellent technologist, Soares Chen as director. It is exempt private company limited by shares, which as we were explained, is a legalese term for limited liability (Pte Ltd), but without filing requirements of public limited company (LLC).

Why such incorporation? We are still looking for investors and business model. All lawyers we know have advised us to either found sole proprietorship, or limited company, but it seems much easier for a foreigner to understand how private limited company works. Since CEO planned to travel soon to conference to other technologists, it seemed the most logical choice…

Our company secretary has provided tremendous help with the constitution and all, so we likely retain the services of professionals for filing documents.