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Singapore is a paradise for startup! Besides being an international financial hub, its pro-business environment, and its friendly tax policy are perfect for startup! Go big, or go small? It’s up to you! Incorporate a Singapore Company is as easy as pie if you do it right!

Singapore Company Incorporation Requirements

To incorporate a company in Singapore, please ensure 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
Guide to Company Registration

** If you are not a local resident, 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.

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 if you have no experience in setting up a company in Singapore. Paul Hype Page Specialist can help if you prefer to start your business in a more efficient manner. Contact us today!

Thinking of incorporating in Singapore? Let’s get started.

E A S I E R • F A S T E R • B E T T E R

Documents required for Singapore Company Incorporation

  • Particulars of shareholders, directors, and company secretary
  • Company constitution
  • Company name
ResidentsNon-ResidentsCorporate Shareholders
  • Scanned copy of Singapore NRIC (front and back)
  • Proof of address
  • Scanned copy of passport
  • Proof of overseas address (such as a utility bill or bank statement)
  • Scanned copy of the certificate of incorporation
  • Scanned copy of a business profile
  • Scanned copy of Memorandum and Articles of Association
  • Proof of address
  • Copies of the corporate representative’s and beneficial owners’ passports
  • Organizational chart

Post Incorporation Procedures

Appoint a corporate secretary and an auditor

  • Once your company has been incorporated, you must appoint a corporate secretary. An auditor must also be appointed for your company should your company requires one.

Corporate bank account

  • You must also open a corporate bank account for your newly incorporated Singapore company. Singapore’s business law requires every company to have an associated corporate bank account. This legal requirement applies regardless of the nationality of the company’s owner.

Introducing Paul Hype Page’s preferred Business Neobank partner Aspire bank is a good option for a corporate bank account opening. Aspire serves many startups in Singapore with convenient & inclusive financial services, currently operating across Thailand, Vietnam, Indonesia, Singapore.

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. Aspire also offers cashback on digital spending like Google,

LinkedIn, Facebook, and more. More features can be found on their website: www.aspireapp.com.

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

Of course, if you want a seamless Singapore Company Incorporation process, it will be a pleasure for the incorporation specialist from Paul Hype Page to step in. Our incorporation expert can provide you a one-stop solution for your Singapore company incorporation, from setting up a company, open a bank account to annual compliance. You just have to submit all the required documents.

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Foreign business owners’ work visa

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 are a foreigner, you can also incorporate a branch, a subsidiary, or a representative office in Singapore if you have a company in your home country For more information, regarding foreigners to start a business in Singapore

Different types of the company set up in Singapore

Private Limited Company
(Recommended)

Limited by shares and is a separate legal entity from its shareholders. It is recognized as a taxable entity.

Sole Proprietorship

A business entity owned by one person.

Partnership

Two or more individuals carrying out a business. Assets and returns are typically shared internally, although the amount may differ.

Limited Partnership

A business owned by two or more individuals. At least one must be a General Partner, and one a Limited Partner.

Limited Liability Partnership (LLP)

Each partner’s own liability is generally limited.

Singapore Company Registration FAQs

How long will it take me to incorporate a company in Singapore?2021-03-30T12:15:06+08:00

Incorporation of a company in Singapore usually takes one day. However, it might take 14 days

Can a director of My Singapore Company be a foreigner?2021-03-30T12:14:01+08:00

All Singapore companies should have at least one director who is a Singapore Citizen or one who holds a Singapore permanent resident or an employment pass holder. However, a foreign director can be appointed alongside the local director.

How can I register a Company in Singapore?2021-03-30T12:13:58+08:00

After getting your company name and it approved, you can then prepare the registration documents and then finalize them by registering the ACRA. You will also need Memorandum and Articles of Association.

Which type of business structure should I start in Singapore?2021-03-30T12:12:40+08:00

The private limited company is the best business entity in Singapore as it has numerous benefits like the ability to access loans, limited liability on the shareholders

Can a foreigner start a company in Singapore?2021-03-30T12:12:37+08:00

Yes, a foreigner is permitted to incorporate a company in Singapore. A foreigner intending to relocate to Singapore or those who have employment pass can incorporate a Singapore company.

For more information regarding work permits for foreigners who want to start a company in Singapore, do check out

How long is the validity of my Employment Pass?2021-03-30T12:11:05+08:00

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

How long the registered company name is being reserved before my company is being incorporated.2021-03-30T12:10:35+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.

What is the corporate rate in Singapore?2021-03-30T12:06:33+08:00

17%.

How do I know if my company is successfully incorporated in Singapore before my relocation?2021-03-30T12:03:16+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.

2021-03-31T10:18:31+08:00December 4, 2014|60 Comments
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60 Comments

  1. M H Rashid August 29, 2018 at 7:12 pm - Reply

    Hello there.
    I want open a sole proprietorship company in Singapore with a bank account.My business nature will be trading.but I don’t have any local partners . I want to know the procedure as well as the cost and time duration for registering a sole proprietorship business in Singapore. I do have a business in Bangladeshi of supplying rice.

    • eric eric August 30, 2018 at 10:00 am - Reply

      Dear Rashid

      Singapore is a good place to start a Singapore trading company. Our Singapore incorporation services allows you to set up the trading business within 5 working days and without you coming to Singapore. If you are interested to relocate to Singapore we can also apply employment pass visa for you and dependent pass visa for your immediate family members.

      There are 2 packages as below:

      Package A:

      The incorporation package is Incorporation with Nominee director

      See link for details: https://www.paulhypepage.com/solutions/foreign-company-foreigner-located-overseas-operating-a-singapore-company/

      Please note that there will be a refundable deposit of $5,000

      Package B:

      f you wants to business and relocate to Singapore in 2 months’ time then Incorporation with employment pass is the package for $3,155

      See link for details :https://www.paulhypepage.com/solutions/foreign-entrepreneurs-relocating-to-singapore/

      With more than 8 years of specialized experience on incorporation and accounting, we are confident that we can provide you the best service for your needs.

      Please use online platform ibizfile (click link below) to register and fill in your incorporation details.

      https://my.ibizfile.com/auth/signup

      Regards

      Paul

  2. Nandkishor Nishad October 3, 2017 at 10:57 am - Reply

    Hello Team,
    Pls, share your email id for me to connect with you further. We are planning to incorporate an offshore company in Singapore.

    Regards,
    NK

    • Paul Hype Page October 5, 2017 at 9:33 am - Reply

      Hi Nandkishor,

      Welcome! You will find our all-in-one Incorporation with Employment Pass package solution the ideal choice. Do drop us an email at [email protected] to set up an appointment, we would be happy to assist.

      Cheers,
      Paul

  3. Ku Khan Shen September 17, 2017 at 2:31 pm - Reply

    Dear PAUL HYPE,

    For your information, i am a Singapore PR whose is currently plan to set up a company involving in:
    1. Offshore Marine Trading material supply
    2. Offshore Marine subcontracting work
    3. International Toy trading
    4. Others international trading

    Appreciate your advice and guide to move forward for above set up with suitable business structure.
    Also suitable additional course available from your end to strengthen my know on above business concept.
    Hundred Thanks.

    Best regards,
    Ku Khan Shen

    • Paul Hype Page September 26, 2017 at 9:16 am - Reply

      Dear Ku Khan Shen,

      We would be happy to assist. However, we would need more details about the company you plan to set up in order to better advise you on the next move. Do drop us an email at [email protected] for more details. Looking forward to hearing from you.

      Best Regards,
      Paul

  4. Chan chy September 12, 2017 at 7:57 am - Reply

    Hi ,
    I am singaporean , how can I open a small barbershop in Singapore ? What should I need to prepare ? Can I contact to anyone for ask clearly … because I am not very well in English .

    • Paul Hype Page September 14, 2017 at 8:27 am - Reply

      Dear Chan,

      You can give us a call at 62214723 for our mandarin speaking corporate specialist to assist you. We will be able to assist you in setting up your company as private limited so you can start your barbershop thereafter.

      Cheers
      Paul

  5. Joe Woodward September 10, 2017 at 2:17 am - Reply

    Hi
    I would like to set up a company in Singapore. I have a product that is manufactured in Korea and I want to ship it to customers around the world. I would like to incorporate a company in Singapore and have payments made to this company for tax purposes. I live in Australia and do not intend to locate any personnel in Singapore. I would appreciate your initial advice please.
    Thanks
    Joe

    • Paul Hype Page September 12, 2017 at 7:05 am - Reply

      Dear Joe,

      You’ve made a great choice! Singapore is one of the easiest places in the world to do business, and our all-in-one Incorporation with Employment Pass package is designed to help entrepreneurs just like you establish a company quickly and efficiently, taking care of everything you need.

      Do drop us an email at [email protected] and let’s talk more. Looking forward to hearing from you.

      Cheers,
      Paul

  6. Raza July 15, 2017 at 2:43 am - Reply

    I want to open a company in Singapore, please guide me, i from Pakistan but doing business in Malaysia and i have 2 years multiple visa of Business ,

    So kindly tell me about this,

    Thanks
    Raza

    • Paul Hype Page July 21, 2017 at 7:46 am - Reply

      Dear Raza,

      It will be good to use your Malaysia company as a reference and expand to Singapore. With that, you can incorporate a company in Singapore and apply for the employment pass should you need to work in Singapore as well.

      We would recommend our Incorporation with Employment Pass all in one package.

      Cheers,
      Paul

  7. Pao July 11, 2017 at 11:16 am - Reply

    Hi PHP,

    I would like inquire about setting up a company in SG. We’re a Korean company but the one to handle SG office is a Filipino. Kindly contact me through my email given.

    Thanks!

    Pao

    • Paul Hype Page July 21, 2017 at 7:33 am - Reply

      Dear Pao,

      Welcome to Singapore! We would recommend our Incorporation with Employment Pass package as your best option to establishing a company in Singapore.

      My colleague will email you shortly with more information. We look forward to working with you!

      Cheers,
      Paul

  8. Joseph June 12, 2017 at 10:01 am - Reply

    Hello- im planning to have my own vehicle transport as freelance/ and im a foreigner and want to have a business of my own and a valid working pass. My pass will end up this coming friday. Im thinking to continue with my own business. And continue my long stay in sg. With almost here for 7years with my employment pass. I hope for your soonest advice or guidance. And fast processing and help about my situation- and currently my family here with me since 2011. Thank you very much for your assistance about my matter.

    • Paul Hype Page June 16, 2017 at 1:40 am - Reply

      Dear Joseph,

      Setting up a company in Singapore is no problem. We would be happy to email you with the details. We would also recommend our all-in-one Incorporation With Employment Pass package, as we have the expertise to assist foreign entrepreneurs like yourself to set up a business efficiently in Singapore.

      My colleague will contact you soon.

      Cheers,
      Paul

  9. Sk nur Mohammad April 30, 2017 at 5:14 pm - Reply

    Hi
    I’m from Dhaka. I want to open an import- export company in sg. Plz suggest me how to open company and get credit from bank.
    I also need to know ur tax policy.

    Tnx

    • Paul Hype Page May 2, 2017 at 4:05 am - Reply

      Dear Nur,

      Will you be relocating in Singapore as well and need a work visa? We will drop you an email with more information about Incorporation with Employment pass for your consideration. Do reply on the email so we can further assist you.

      Cheers
      Paul

  10. Chau Ka Wing March 16, 2017 at 7:17 am - Reply

    Hi, I’m from Singapore. I would like to open a small restaurant. Is it better to have a partner or not? Pls guide me from the very first step.

    Thank you’
    Ka Wing

    • Paul Hype Page March 23, 2017 at 7:14 am - Reply

      Dear Ka Wing,

      Its depends what’s the reason for the partner. The best setup will still be Pte Ltd.

      Should you like to know more about setting up a private limited company, do drop us a note at contact us and our corporate specialist will contact you shortly.

      Paul

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