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

Although there are many types of companies in Singapore, they must all be registered with the Accounting & Corporate Regulatory Authority (ACRA) and abide by the Singapore Companies Act. While there are different experiences in everyone’s respective Singapore company setup, it usually takes within a day to be completed. 

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

In a bid to answer the question, we will cover the following:

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 the decision of the Registrar, appeal to the ministry who informed him/ her of 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, ensuring no issue in the process regarding the name is appropriately dealt with. The rest is largely form-filling and submission to the registrar of companies.

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

Want to Start business in Singapore
Want to Start business in Singapore

The requirement for a Singapore Company Registration 

Vital information that you need to know is that all Singapore companies need at least one 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 & Co provide. 

Besides, you will need the following to set up a company in Singapore:

  • You will need an appropriate name for your company.
  • Have at least one foreign or local shareholder
  • Appoint a natural person who is not a director or shareholder as a company secretary. By nature, it is meant that the secretary cannot be a corporation.
  • Avail a minimum paid-up capital of $1.
  • Provide a commercial or residential registered address.
  • Appoint an incorporation agent.
  • Prepare and avail all of the required documents.

The agent then registers your company with the registrar and helps to prepare your company incorporation kit.

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, etc., those applications will be reviewed by the respective authorities, which may take up to 2 months. 

Summary

In Paul Hype Page &Co, 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. 

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

What is corporate social responsibility?2020-11-25T16:27:53+08:00

In simple terms is the responsibility that a corporate company owes to the community in which it is operating. A company should ensure it has put in place policies and procedures which integrate environmental, ethical, consumer concerns, and social responsibility. This is true for companies incorporated in Singapore. 

A company should ensure its impact on society is positive and at the same time maximize the company’s shared values. 

What activities are considered unethical to the Singaporean national interest and security?2020-11-25T16:27:09+08:00

The following are activities which are antithetical to the national interest and security of Singapore:

  • Illegal products and services such as gambling, adult content & services, etc.,
  • Counterfeit or unauthorized goods,
  • Regulated or illegal products such as marijuana, age-restricted goods, weapons of war, and ammunitions
Can I appeal if I feel my company incorporation process was unjustly delayed or denied?2020-11-25T16:26:17+08:00

Yes, a company owner who feels the incorporation process is being delayed or denied unjustly can appeal through the ministry that made the decision. 

What is the Know Your Customer (KYC) Act?2020-11-25T16:24:53+08:00

This is an Act put in place to govern against criminal activities, unusual structures of business, and money laundering. It also protects service providers in the corporate sector from engaging in illegal activities such as terrorism unknowingly. Your background, income source, business activities and backgrounds of critical company representative is verified. To ensure compliance, you are mandated avail the following information and documents to your corporate service provider:

  • Documents of personal identification such as your Passport
  • Identification and information about each director
  • Company incorporation documents.
  • Company business profile and Articles of association.
2021-01-27T17:37:11+08:00February 11, 2019|0 Comments

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