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How Long Does it Take to Set up a Company in Singapore?

Time Taken to Set up a Company in Singapore

This is a very common question that we get often from our customers, and this is a questions that we don’t have the exact answer to. Why? This is because the answer varies with different individuals.

 

Timeline for a Singapore Company Registration

The time it takes to register a Singapore company could be completed within a day. However it may take 14 days to 2 months if the application needs to be referred to any relevant government agency for approval.

That being said, the Registrar may still refuse to register a proposed company filed by a person under the Companies Act where the proposed Company is likely to be:

  • used for unlawful activities;
  • detrimental to peace, welfare or good order towards the people of Singapore
  • antithetical to Singapore’s national security or interest

 

However, the individual may, within 30 days of the date of decision of the Registrar, appeal to the ministry whose gave him/ her that decision.

In a nutshell, the process of incorporating a company in Singapore can be done very quickly and swiftly. The process includes reserving your preferred company name and, assuming no issue in the process or the name are not taken, the rest is largely form-filling and submission to the regulator.

If it all goes as planned, a five working days company incorporation is definitely doable. But this too falls back on the assumptions of you filling the right forms and meeting the right people.

 

Requirement for a Singapore Company Registration

Vital information that you need to know is, all Singapore companies need at least one local resident director. As a foreigner, you will also need to know that you are unable to self register your company, hence, we are here to offer the service. So if you’re a foreigner and you have no one in Singapore, you can’t incorporate the company unless you find a nominee director. This is a service we at Paul Hype Page provide.

You will also need to pass our required KYC (know your customer) and AMLA (Anti Money Laundering Act) before you can incorporate your business.

Upon completing all the necessary checks, it takes about three days to approve. However, if you want to start a company to be active in the field of education, banking, mutual funds, financial and etc., those applications will be reviewed by the respective authorities, which may take up to 2 months.

In Paul Hype Page, we firmly believe the process of establishing and registering a new company takes just a few minutes to complete. However, the process of collecting and preparing all relevant and necessary documents may elongate the process to a few days.

Therefore, it is safe to say that the overall process of  incorporating a company in Singapore can take up to two months, depending on the case.

 

Paul Hype Page & Co – Acra service provider and Asean Chartered Accountant.

Paul Hype Page & Co. have 3 physical offices in Singapore, Malaysia and Indonesia

Our Firm Goal is to assist Foreigner and Foreign Companies to set up business in Asean.

How we can help you:

Step 1- Listen to your Business plan and Relocation needs.

Step 2- Analysis your Singapore Tax Planning

Step 3- Recommend the most suited type of Company Incorporation , Open Bank account  and

Work Visa

Step 4- Arrange for your Spouse and Children Visa

Step 5- Assist as your company to hire staffs and handle all HR matters

Step 6-  Every financial year end, we assist you with your yearly Acra Financial and Tax Compliance

Step 7- Assist you to expand business to Malaysia, Indonesia , Vietnam and Thailand.

Get in Touch with Us Today.

Paul Hype Page

Website: www.paulhypepage.com

Posted on February 11, 2019 at 2:13 am
Categories: FAQ

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