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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. Thomas June 6, 2016 at 4:35 pm - Reply

    Dear PHP, we are singapore PR and would like to register a partnership trading business. Please advise.

    • Paul Hype Page June 8, 2016 at 4:29 am - Reply

      Dear Thomas,

      Our Incorporation team to email you shortly
      cheers
      Paul

  2. Aini May 28, 2016 at 7:55 pm - Reply

    Hi,

    I would like to set up my own small business, like a simple cake/bakery store.
    But i am not sure how to go about it. will you help with the paper work?
    and how much will the fee be?

    Do contact me back by email.

    Thanks!

    Regards, Aini

    • Paul Hype Page May 31, 2016 at 3:08 am - Reply

      Dear Aini,
      PHP Incorporation team will be happy to assist you with the setup of your company.
      We will drop you an email soon with more details.
      Cheers
      Paul

  3. mandy May 27, 2016 at 7:14 am - Reply

    We would like to open a restaurant/ hawker stall in Singapore. We are total 3 partners. Please advice what is the difference for limited liability partnership and Pte ltd? How much you charge to register? What is the service included? Do you help for the license to corporate F&B?

    • Paul Hype Page May 31, 2016 at 3:37 am - Reply

      Dear Mandy,

      Yes our incorporation team will reply you via email with more details and step by step guide.

      Cheers
      Paul

  4. Wilson February 16, 2016 at 8:09 am - Reply

    Hi we would like to set up a fund management firm in Singapore. One partner is Singaporean and the other has an Employment Pass. Can Paul Hype advise us on the registration criteria and help us incorporate?

    • Paul Hype Page February 25, 2016 at 3:25 am - Reply

      Dear Wilson,

      It will be our forte to ensure smooth hassle-free incorporation. My consultant will be in touch with you soonest.

      Paul

  5. Siniisa January 14, 2016 at 12:10 pm - Reply

    Dear Sir,

    I would like to set up a company in Singapoure that would be operated from and for Indonesian markets, since you country has a free trade/ no custom tax agreement with Indonesia. I would like your adbvice on how to approach this agenda. The company will be doing it’s bussiness as an entity form Singapoure operating in Inodnesia’s financial markets. I would appreciate very much any additional information or suggestion .
    Thank you,
    Best regards
    Sinisa Stoyanovic, Slovenia

    • Paul Hype Page February 25, 2016 at 4:17 am - Reply

      Dear Sinilisa,

      We have the incorporation solution just right for you.

      Will be in touch shortly.

      Paul

  6. alex stephen August 16, 2015 at 2:46 pm - Reply

    Res sir/madam I need applying for business visa how to apply you reply me pls

    • Paul Hype Page August 18, 2015 at 10:03 am - Reply

      Dear Alex,

      Please make an appointment with our consultant for visa application. We will need more information from you in order to give you the right advise as you maybe more suitable for employment pass instead.

      Paul

  7. nathan July 28, 2015 at 1:39 pm - Reply

    we already opened LLP with my Singapore partner I want to apply long term business visa to enter Singapore regularly as a partner. we need to know the documents required

    • Paul Hype Page August 4, 2015 at 6:43 am - Reply

      Hi Nathan,

      Pls make an appointment with our consultant for LTVP application. We will need more information from you in order to give you the right advise as you maybe more suitable for employment pass instead.

      Eric

  8. Anchit June 3, 2015 at 5:48 am - Reply

    Need to incorporate company/ LLP in Singapore, for E-com operations, both the directors are Resident in India, Please guide what should be the way out.

    Thanks
    Anchit

  9. shrirajan March 23, 2015 at 6:05 am - Reply

    I will check the company details

    • Paul Hype Page March 24, 2015 at 5:25 am - Reply

      Dear Shrirajan,

      Please let me have more details so i can better advise you? Are you interested in Registering A Pte Ltd Company in Singapore?

      Yours
      Paul

      • Radha krishnan Divas April 18, 2015 at 7:36 pm - Reply

        Sir. I want open service sector company . Please guide me. I’m Indian im Doing [email protected] Dubai
        im waiting for your valuable Replay
        Regards RK Divas

        • Paul Hype Page May 6, 2015 at 6:16 am

          Dear RK Divas
          It is relatively easy to set up a company in Singapore. We will email you the detail information , all you need is to decide on your company name, and we can help you do the rest, it will take about 3 days after payment with all signed documents received.
          Looking forward to hear from you soon.
          Paul

  10. yaqoob March 21, 2015 at 3:58 am - Reply

    Sir. I want open t.shirts show room. Please guide me. Im from india

    • Paul Hype Page March 24, 2015 at 5:33 am - Reply

      Dear Yaqoob,

      Firstly you need to register a company with ACRA (with a company name), then you may want to find out more information about importing goods to Singapore, also applying for working visa. My colleague will email you will more information, do feel free to contact us once you are ready so we can assist you with your company incorporation.

      Cheers
      Paul

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