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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. Chong Yong Zhi February 6, 2017 at 8:29 am - Reply

    Hi, I’m a Malaysian and incorporated a Private Limited Company in Malaysia. Now I would like to expand my business and wish to incorporated a SMEs(Private Limited Company) in Singapore. I would like seek for your advice the procedures, and terms and conditions to incorporate a SMEs in Singapore. Thank you.

    • Paul Hype Page February 13, 2017 at 8:04 am - Reply

      Dear Chong,

      We will be happy to assist you. My colleague in Singapore will drop you an email with more information about Singapore Incorporation solution for your refers. You can also contact our branch in Malaysia (KL) should you need any direct assistance.

      Paul

  2. Nicole December 28, 2016 at 6:00 am - Reply

    Hi,

    Would like to set up a company in singapore with a singaporean partner, please advise what kind of permit i can apply with paid up capital of $20k. I am a malaysian with no higher qualifications.

    • Paul Hype Page January 4, 2017 at 4:00 am - Reply

      Dear Nicole,

      We can assist you with both incorporation and work visa application. We will need more information from you to see which work visa is more suitable for you as work experience and pay counts.
      My colleague will drop you an email to follow up
      Cheers
      Paul

  3. KRS November 4, 2016 at 7:22 am - Reply

    Dear Sir/Madaam,
    I would like to register a company in singapore, it would be the trading co.
    we don’t have any local partner/director there, what would be the formalities there and what would be start up capital required.
    Also I don’t want to relocate as of now, but might be in future.
    Please advise.

    • Paul Hype Page November 7, 2016 at 3:41 am - Reply

      Hi KRS,

      There is no minimum requirement for paid-up capital. It can literally be as low as $1.

      If you are not planning to relocate right now, we can help you to appoint our long term nominee director for the whole year, then you can still become a foreign director.

      For more information, you may contact us at 6221-4711. We will be happy to assist you.

      You can also start the process by filling out our online form.
      http://paulhypepage.yutechs.info/frontcompany/register.php

      Thank you,
      Paul

  4. Ashish Ganatra October 23, 2016 at 11:33 am - Reply

    Hi

    I would like to set up a company in Singapore. Plz let me know on the possibilities and options.

    • Paul Hype Page November 7, 2016 at 3:30 am - Reply

      Hi Ashish,

      We can definitely help you to set up a company but will need to know more about yourself in order to provide you more accurate advice. We will send you an email shortly for incorporation procedures.

      Thank you,

      Paul

  5. Lauri Cohen September 26, 2016 at 3:40 am - Reply

    Hi,

    I have recently moved with my partner to Singapore on a LTVP.
    We have a family owned business in Australia and already have a very large expat clientele from Singapore and surrounds. I want to set up our Australian business here/want to be able to work for our Australian company in Singapore. Whichever is the best way moving forward.

    How do I go about doing this?

    Thanks so much
    Lauri

    • Paul Hype Page September 29, 2016 at 2:37 am - Reply

      Hi Laura,

      I understand that you would like to start up an Australian business in Singapore/ work for your Australian company here. There must be the best way to do it for your case. Please allow our representative get in touch with you.

      Paul

  6. Sona August 3, 2016 at 11:49 pm - Reply

    I am an indian national on dependent pass. I intend to start an apparel business in singapore by importing them from india….need guidance for the same. Thanks

    • Paul Hype Page August 11, 2016 at 4:41 am - Reply

      Dear Sona,

      You would need to obtain a LOC (letter of consent) to work in Singapore with DP (depedent Pass).

      We will be able to assist you to start your business and apply for your LOC.

      Paul

  7. Senthilkumar Ganesan July 15, 2016 at 4:22 am - Reply

    Hi Team,

    I would like to know some details to start the Business in Singapore. (we are 6 people decided to start the Business -3 of the them planning to start the Restaurant Business & 3 of them IT consultant Business). we have one of our friend has the Permanent Resident Pass in Singapore, Will it be possible to use the PR to incorporate with us? Kindly let me know the details on registration part and expenses details to execute the process.

    Thanks in advance.

    Best Regards,
    Senthilkumar Ganesan

    • Paul Hype Page July 18, 2016 at 10:09 am - Reply

      Dear Ganesan,

      Yes, PR can setup the company as Director and shareholder. It will depends if you required any employment pass (work visa) for the other partners for different kind of company incorporation. Do set a meeting with our Corporate specialist for a discuession. Our charges ranges from S$800 incorporation etc… depending on the different setup required.

      Paul

  8. Eason Craig July 5, 2016 at 5:39 am - Reply

    Dear Sir/Madaam,
    I would like to find out in the case of opening a business in singapore, if I have a local partner/director, however we do not as yet have a large startup capital. Myself being a Filipino, will I be able to apply for a work pass to be here in singapore to facilitate the startup of this business? This is going to be an F&B business.

    • Paul Hype Page July 12, 2016 at 4:48 am - Reply

      Dear Eason,

      You can start a private Limited company in Singapore with as little as $2 startup capital. However we do encourage an appropriate amount as capital so to prove that you have a reliable business mode. We will be able to assist you from incorporation to work visa as well as corporate Sec to ensure all the business compliance are follow up.

      Do contact us for an appointment with our corporate specialist for more details

      Paul

  9. Sourabh July 2, 2016 at 11:59 pm - Reply

    Dear sir ,

    I am from India and want to register an offshore company in Singapore with the bank account . Kindly help us to proceed.

  10. arnel June 28, 2016 at 2:28 pm - Reply

    Hi,

    I own a business and are divided into 3 services.
    1. Website design, graphic design, mobile app design.
    2. Website hosting services and cloud services
    3. IT outsourcing services.
    I am currently in Singapore and im a foreigner but wanted to invest and start a business. I want to know what are the requirements if i will merge with a partnership in singapore. i am planning to get LTVP business visa to supervise the network systems.
    Or maybe can share how to apply as an independent owner as well and requirements if merging is abit complex.

    • Paul Hype Page July 5, 2016 at 4:19 am - Reply

      Dear Arnel

      Incorporation with Employment pass will be a good solution for your case. Please contact our corporate specialist for full details and setup procedure.
      Paul

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