Step by Step Instructions on Company Incorporation in Singapore

You can avoid piles of paperwork and take our help as your company secretary for a year. We will do Singapore company registration for you in a reasonable cost.

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You can now save time while getting company registration done and utilise that time and effort on your business.

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You do not need to be physically present here to set up and manage your company in Singapore; so there is no need to fly here to do the process

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No need to save hundreds of documents and paperwork. You can now store all important documents on the cloud and simply access it from anywhere

Streamlined and simplified processes

We’ve simplified and streamlined all the processes for you to make it quick and simple to get your company started

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Company formation in Singapore is very easy, fast, and simple without much hassle. Singapore has been consistently rated as one of the best countries in ease of setting the business. Singaporean government also offers tax waivers to start-ups and supports them in several ways during the early days of incorporation.

The Accounting & Corporate Regulatory Authority, ACRA functions as the Registrar of the company and oversees the entire process of registration in accordance with requirements stated in Companies Acts, chapter 50.

Foreign entities can’t register themselves and need a local body as a business registration provider. Foreigners are thus advised to engage a local Singaporean corporate service provider for necessary registration. Hiring a local corporate service provider is also equally recommended for local businessmen as they may not be totally acquainted with all the Singaporean laws and registration compliance requirements.

Guide for Doing Business in Singapore

Types of Company Formation in Singapore

The following three types of companies are allowed to be registered by ACRA

The majority of the companies get registered under Private Limited Companies, Pte. Ltd. Because of long term competitive long-term tax advantage. Exempt Private Companies (EPC) and Subsidiary Companies also come under Private Limited Companies.

Singapore Company Registration Requirements

Following are the requirements for a new company formation in Singapore

Why Singapore’s Single Family Offices (SFOs) are now becoming so Hugely Popular?

Company Registration Procedure

1

Getting approval of ACRA for your company name. Quick approval of company name is possible if you follow the following guidelines.

  • The company name must be unique and can’t be the same as an existing company in Singapore.
  • Name of the company should be readable enough.
  • The company name should be free of any vulgar or obscene word.
  • The company name shouldn’t infringe any trademark and can’t violate any copyright issue.
  • The company name must not be one already reserved by another company.
  • The company name may need approval from higher authorities if the name contains words like “Finance,” “Media,” “Bank,” “Broker,” “Legal,” “Educational,” etc. Approval from higher authority may take a few weeks and delay the process.
 
Once approved, reserving the company name is possible for sixty days. If you can’t incorporate the company within sixty days, an additional sixty days extension is granted by submitting an application to ACRA.

2

Preparation of Documents to register company in Singapore is the next step once the company name is approved and reserved for you.

The following documents are needed by ACRA

  • A brief description of the company stating business activities and the constitution of the company.
  • Registered address details of the company.
  • Identity proof and address details of all shareholders.
  • Identity proof and address details of Directors with signed consent to act as directors.
  • Identity proof and address details of company secretary with signed consent to act as company secretary.
  • Foreign businessmen need to submit copies of their passports with overseas address details
 

ACRA needs your corporate service provider to conduct a KYC (Know Your Customer) due diligence in compliance with the international Anti Money Laundering rules (AML). The following documents are needed as a minimum. Documentation requirements in this regard may vary from one corporate service provider to another.

  • Verification of identity and address proof documents.
  • Professional backgrounds of all stakeholders and employees of the proposed company

3

Submitting an application to ACRA is the final process and can be done online. If all documents are in order, official registration with ACRA can be done in less than an hour. If ACRA needs to refer the registration to other government agencies for additional verification, the registration process may take a few additional weeks.

Once the Singapore company registration process is successfully completed, ACRA sends an official confirmation through email vetting the incorporation of the company with its registration number. The soft copy is treated as a valid registration certificate. A hard copy can also be obtained through an online application.

Opening a Bank Account in Singapore for New Company Formation

Supporting Documents for Company Registration

Additional supporting documents are required by corporate service providers in compliance with Singapore’s AML requirements 

For Individual Shareholders

Every employee, shareholder, and proprietor of the company need to submit copies of

  • Passport
  • Resident Identity card for Singapore residents
  • Residence Proof
  • Brief professional background

For Corporate Shareholders

  • Registration certificate issued by ACRA
  • Company details containing the company’s name, registration number and address; invested capital, particulars of shareholders and directors, and main business activities of the company
  • Authorization documents for holding shares in the company and appointment document of an authorized individual who can sign all documents on behalf of the proposed company
  • A document detailing the Ultimate Beneficiaries who need KYC due diligence

Available official documents after company registration

The company constitution adhere to the rules and procedures of the company with purpose, rights, and responsibilities outlined. Newly registered companies can have their own customized constitution or else use the model company constitution issued by the government of Singapore. Minimum requirements that get addressed in the constitution are

Documents issued by ACRA after a successful registration

ACRA issues the following documents on successful registration

  • Certificate of Incorporation
  • Company Business Profile in a PDF format

Post Singapore company incorporation requirements

Once the company is registered, and Singapore company formation is done, you can engage in doing business immediately. Few post-registration requirements are there which you need to fulfill

Consultancy and Advisory services for company registration

Corporate Service providers offer prospective companies many services regarding registration & incorporation, post-registration compliance, and other advisory services. They often offer very lucrative packages at a competitive and affordable cost that can free a company from unnecessary hassles and usually help in saving lots of time

Company incorporation

(When you appoint us as company secretary)

Start with filling our online form, along with uploading the required documents and we would register your new company with ACRA. We manage the process of

Company secretary

Every company in Singapore is legally-bound to hire or have a company secretary. A company secretary is a person who takes care of your company’s compliance procedures with the relevant authorities such as

Provide a company secretary to your company for one year.
Maintaining all statutory records as required under local laws of Singapore including but not limited to the following statutory registers

Start your journey toward successful business

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FAQs for Company Registration

Yes, a foreigner can incorporate and own a company in Singapore, provided he or she follows the guidelines and steps to the T. 

Yes, a foreigner or a foreign corporate entity can own 100% of the equity of a company

Yes, one individual can become the director and shareholder of a company; however, he needs another person as a company secretary who is normally appointed by the corporate service provider. He needs to be a resident of Singapore.

Legal requirements are the same for both Singaporeans and foreigners. The minimum requirements are

  • Appointing a qualified local company secretary
  • Providing a local address as the registered address
  • Appointing a local resident director
  • The company needs a minimum S$ 1 share capital

A subsidiary company is the same as a locally registered private limited company and the same above mentioned requirements are applicable in this case also.

It is not required as you can complete all necessary formalities online and without you being in Singapore. However, once the registration is done, you need to visit Singapore for opening a corporate bank account. Singapore banks want you to be physically present in the bank while opening the account.

You can use Singapore nominee local director service. Many foreigners don’t relocate to Singapore and avail this service for compliance.

Yes, you can use a Singapore specific domain name.

Yes, Singapore fully complies with all OECD requirements and prevents tax avoidance.

Yes, Singapore provides one of the best environments across the globe. There are many tax exemptions and cash grants available in Singapore.

Singapore law allow you to choose your own financial year end for your company.

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