Singapore Company Incorporation with Paul Hype Page
Company Registration at Paul Hype Page Singapore

Business Opportunities

Singapore topped the global ranking on the ease of doing business with its attractive corporate tax rate, strategic location, favorable business environment, and business-friendly policies.

Singapore is perfect to flex your entrepreneurial muscle with an abundance of business opportunities in the nation. In the 21st century, some popular businesses in Singapore are consulting firms, home tutoring services, digital marketing, copywriting, cleaning service, and babysitting service.

Options of Company Incorporation

Once you have done the market research and decided which industry/business you are going to venture; you can start a business in Singapore. There are two options for a foreigner to start a business in Singapore:

  1. Relocate to Singapore and manage your company
  2. Stay in your home country and let someone else hold the rights

If you want to relocate to Singapore, you can either:

  1. Start a business with Entrepreneur Pass (EntrePass)
  2. Start a business with Employment Pass (EP)

Both EntrePass and EP can be applied from the Ministry of Manpower.

Types of Companies

You can set up a branch, a subsidiary, or a representative office if you have a company in your home country. Or else, you can start a Private Limited Company in Singapore.

If you want to know the differences among these companies, Paul Hype Page representative will be more than happy to assist you.

Singapore Company Incorporation Requirements

To incorporate a company, make sure your company fulfills all the requirements below:

  • Director: The director must be at least one local resident director**. A resident director means individuals who are a Singaporean citizen, a Singaporean permanent resident, or an EntrePass/Employment Pass/ Dependent’s Pass’s holder with LOC.
  • Shareholders. Shareholders can either be corporate entities or individuals. The shareholding of a company can be fully foreign or fully local. Any other combination is also allowed. A director can also be among the company’s shareholders.
  • At least S$1 paid-up capital
  • A physical local address
  • A company secretary

**You can appoint a nominee director to get started before your EntrePass/Employment Pass is approved by the Ministry of Manpower. Engage a Paul Hype Page Incorporation Specialist for details.

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The steps for company incorporation

Once your company fulfills all the requirements of company incorporation, you can proceed to the incorporation process. Here are the steps for company incorporation in Singapore:

  1. Fill up the Singapore Company registration form
  2. Review your documents and make sure that all the relevant documents are available
  3. Register the company name
  4. Ensure all the necessary documents are ready
  5. Sign the incorporation documents
  6. Incorporate the company with the Accounting and Corporate Regulatory Authority (ACRA)
  7. Open a corporate bank account (Make sure you have the company resolution and supporting documents

Of course, it can be complicated for a foreigner to go through all the steps. Paul Hype Page Specialist can help if you prefer to start your business in a more efficient manner. Contact us today!

Visual Content

The solutions we offer for companies and their owners cover important areas such as incorporation, taxation, auditing, and work visas, among others.

Informative Content

We are always ready and willing to work with any genuine and legitimate company which requires our incorporation services or any other services we provide.

Packages

We offer company incorporation, consultancy services, auditing, taxation, immigration & compliance services.

Corporate Bank Account

Opening a corporate bank account in Singapore is relatively easy if you do it right. Most banks offer an online opening process. However, they would require you to be physically present in Singapore to complete some paperwork. Otherwise, the process might take 3-4 weeks.

Introducing Paul Hype Page’s preferred Business Neobank partner

Aspire is a Neobank that serves small businesses with convenient & inclusive financial services, currently operating across Thailand, Vietnam, Indonesia, Singapore. With Aspire, business owners can have fast and simple access to financial services for their business operations anywhere and at any time through their mobile phones. For now, the Aspire Business Account is only available in Singapore.

Note: Aspire is operating under the Monetary Authority of Singapore in accordance with the Payment Services Act (No. 2 of 2019).

Opening an Aspire Business Account can be done entirely online, from anywhere at any time. The best part is that it is free, requires no minimum deposit, and has no monthly fees or fall below fees. Furthermore, Aspire also features significantly lower foreign transfer fees when compared to the banks, making their offering highly competitive in the market.

More features can be found on their website: www.aspireapp.com

Special Licenses

If you are starting up specific businesses like banks, insurance companies, or medical services, then you might require securing special business licenses from the relevant departments. These licenses might also be required for manufacturing tobacco products and other items like firecrackers. If you are new to the business world and it is your first time taking your company to foreign soil, you might find the procedures overwhelming. We highly recommend that to avoid any problems, you contact us as soon as you decide to set up your company in Singapore!

Hiring talents for your company

With its friendly immigration policy, Singapore is a global talent pool. You can easily hire local or foreign employees for your company. Popular ways to source talents in Singapore are through university and polytechnics campuses, career and job fairs, recruitment agencies, as well as the digital platform like Jobstreet, Indeed, JobsCentral, MyCareersFuture, GrabJobs, etc.

Grants

Singapore offers a lot of grants to encourage startups in the nation.

If you require government grants for small business opportunities, we at Paul Hype Page & Co can help you receive them. With our vast experience and knowledge, we help foreigners start their own business in various countries, of which Singapore is one.

How Can Foreigners Start A Business in Singapore? FAQs

How do I know if my company is successfully incorporated in Singapore before my relocation?2020-11-19T14:06:55+08:00

After your company has been successfully incorporated, you will receive the Certificate of Good Standing from ACRA and a Company Business Profile.  Once you have these documents in hand, you will be assured that your company has been successfully incorporated. 

What is the corporate rate in Singapore?2020-11-19T14:07:08+08:00

17%.  

How long the registered company name is being reserved before my company is being incorporated.2020-11-19T14:07:20+08:00

Your registered company name will be reserved for 60 days before incorporation. You can apply for another 60 days extension if you need it. 

How long is the validity of my Employment Pass?2020-11-19T14:07:30+08:00

The validity of an employment pass is 2 years in general. 

2021-03-31T10:14:19+08:00May 12, 2013|156 Comments
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