Key Note

Are you looking to register a company in Singapore, or are you a business owner looking to expand and incorporate a new company overseas? Our expert team will guide you through the success of your business incorporation!

Over our 2 decades’ worth of company registration experience, we have helped over 2,000 companies incorporate and expand into Singapore. We navigate complex cases, ensure evergreen compliance, and help unlock Singapore’s vast opportunities, delivering the best company registration experience.

Why is Singapore the Perfect Destination for Your Business?

Incorporating a business in Singapore has various benefits, including a business-friendly climate, low corporation tax rates (limited at 17%), and startup tax breaks. Singapore is a top choice for entrepreneurs looking for efficiency and global connection, due to strong intellectual property laws and government support through grants such as the Market Readiness Assistance Grant.

Related Read: Current SME Trends and Growth Outlook 2024

Understanding Singapore Company Registration Requirements

The requirements for registering a company in Singapore are straightforward.

Company Name & Business Activity

1 Director with a Local Residential Address

At Least 1 Shareholder

Minimum Paid Up Capital of S$1

Appointed Company Secretary

Registered Physical Office Address in Singapore

Company Name Checker

Check Your Company Name Availability Using Our Free Tool!

Please enter the full name you would like to use for your company — for example, ‘Singapore Airlines’ — and click on ‘Search Name’ below.

Unsure? Ask an Expert!

What is the Process to Register a Company in Singapore?

Here is our step-by-step guide on Singapore company registration, you can check your company name availability here!

Step 1: Select a Company Name and Company Type

You can reserve a company name ahead up to 120 days before registering for company incorporation. Ensure the name is unique and not already registered and is based on your business structure.

Step 2: Check your Singapore Business Activity Code

The SSIC provides a comprehensive list of codes and descriptions for various industries and economic activities. Accurately select the BAC that aligns with your primary business operations to ensure compliance and proper reporting to regulatory authorities.

Your SSIC Code, required by ACRA to complete your company registration, can be found by searching your primary business activity.

Step 3: Apply for Business License

Depending on the nature of the business, certain industries may require specific licenses or permits.

We highly recommend seeking professional advice from our corporate service provider to ensure compliance with the latest regulations before you proceed. Regulations can change frequently.

Incorporating a Singapore offshore company is a viable option, eliminating the need for you to travel to Singapore if you are based overseas.

Step 4: Open a Bank Account

After you’ve successfully incorporated your company, you will need to open a corporate bank account. You will need to provide documents, including Certificate of Incorporation, identification, and other necessary paperwork, to the bank. Ensure that all documents are accurate and up-to-date to facilitate a smooth processing of your account.

If you are a foreigner, you will need to take the initiative to apply for a work visa. You can designate someone to open a bank account for you in Singapore.

Step 5: Singapore Annual Compliance

After you’ve successfully incorporated your company, you are bound by governmental regulations.

These include corporate secretarial activities, accounting, corporate tax filing, and compiling of financial statements.

Leave all compliance work to our Chartered Accountants to ensure you never miss a deadline – penalties are involved if you do!

Requirements to Register your Company in Singapore as a Foreigner?

  • Just like a local Singaporean, a foreigner can register a company and own its 100% shareholding without facing any difficulties.
  • To obtain a working visa pass, such as an Employment Pass, Dependent Pass, ONE Pass, EntrePass, or Personalised Employment Pass, is necessary.
  • The most common visa, Employment Pass, allows foreign professionals, managers and executives to work in Singapore.
  • Complete your company registration before applying for the employment pass; however, please take note that your application is subject to approval by authorities.

What If I’m A Local?

  • Must be at least 18 years old
  • Required to clear their outstanding Medisave liabilities with CPF Board
  • Must be either a Singapore Citizen, Singapore Permanent Resident
Singapore Company Incorporation Tips for foreigner
Singapore Company Incorporation Tips for foreigner

Our Singapore Company Incorporation Services

With extensive expertise in business registration across Singapore, Malaysia, Indonesia, and Hong Kong, we specialize in incorporating private limited companies (Pte Ltd) in Singapore. Our in-depth knowledge of Singapore’s incorporation process and proven success in facilitating seamless registrations make us the trusted partner for businesses. Let us guide you through a smooth and efficient journey, ensuring your company is set up quickly and without hassle.

Company Secretary

We provide comprehensive company secretarial services, managing statutory records, filing annual returns, and ensuring compliance with ACRA regulations.

Name Reservation with ACRA

Our team secures your preferred company name with ACRA through thorough checks and efficient application processing.

Document Preparation

We handle all document preparation for company registration, ensuring accuracy and compliance with local requirements.

Certificate of Incorporation & Statutory Documents

We assist in obtaining your Certificate of Incorporation and statutory documents, ensuring your business is legally ready to operate.

Corporate Bank Account Opening

We streamline the corporate bank account setup by preparing documentation and coordinating with local banks.

Need more information on our services? today!

Experienced Business Consultants

Our 2 Decades of Proven Expertise Will Guide Your Business

With over two decades of experience across Singapore, Malaysia, Indonesia, and Hong Kong, we have facilitated the successful incorporation of more than 2,000 companies in diverse jurisdictions. In Singapore, our expertise shines through our high success rate in securing work passes and navigating intricate regulatory landscapes, showcasing our unwavering dedication to client success. As trusted advisors, we leverage strategic networks and deep market insights to empower businesses, ensuring seamless incorporation processes and a robust foundation for growth in Singapore’s competitive business environment.

Rachel | Paul Hype Page & Co.
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What is the timeline to incorporate in Singapore?

The safest timeline for setting up a company in Singapore ranges from 5 to 7 working days. This timeline’s variability can depend on factors like how efficiently the company secretary collaborates with shareholders/directors.

One significant factor influencing the timeline is the promptness with which each shareholder and director. They must provide their personal documentation, including proof of identification and residential address, to the secretary for verification. This ensures a streamlined process and facilitates the necessary verification steps.

The faster these documents are submitted. the quicker the secretary can proceed with the necessary paperwork and registration process. Some company setup can be complete within a few hours. Others may take a few days if there are delays in gathering the required documentation.

For shareholders and directors, understanding the importance of timely document submission is crucial. It expedites the company setup process and ensures a smooth and efficient incorporation experience.

Incorporation Timeline | Paul Hype Page & Co.

Frequently Asked Questions

Starting a new company can be daunting – here are the top 8 questions regarding Singapore company registration that will clear your doubts!

Yes, we can support your Singapore company registration remotely. You will only need to get in touch and provide us with the necessary documents for a smooth and efficient registration.

Yes, it is a mandatory in Singapore. If not, will result in the imposition of penalties, fines, and potential legal repercussions as Companies Laws.

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. Important to take note, foreign director can be appoint alongside the local director.

The answer is quite straightforward. A private limited company must have a minimum of one shareholder, according to Singapore company laws. Here are more info to read the article.

The benefits include limited liability for shareholders, a separate legal entity status, ease of raising capital, tax incentives, and credibility with clients and investors.

A Private Limited Company (PTE LTD) in Singapore is a separate legal entity from its owners, offering limited liability protection to its shareholders. This means that shareholders are only liable for the company’s debts up to the amount of their investments.

No, S Pass or Work Permit holders in Singapore are not allowed to open company in Singapore. They are prohibited from being shareholders, owning, or managing businesses in the country.

We pride ourselves on offering competitive and reasonable incorporation prices. We believe in transparency and value for money. Our goal is to provide you with a cost-effective solution that meets your specific business requirements.

Have more questions? today!

Singapore Company Registration Guides

Supplement your existing knowledge with additional insightful readings that we’ve crafted based on our 20 years of experience.

Singapore-Company-Registration-Guide-2022

Starting a Business Registration in Singapore

Here are key differences in the business registration process for locals and foreigners, impacting the timeline and complexity.

Challenges of International Compliance in Singapore for Foreign Entrepreneurs

Challenges in Singapore for Foreign Entrepreneurs

Here are some compliance requirements that all businesses need to adhere to if they plan to expand their operations to Singapore.

How Can Foreigners Set Up A Company In Singapore?

Register a Business in Singapore as a Foreigners

One of the more common questions we usually get for foreigner, who want to open a company in Singapore.

Reasons to Setup a Company in Singapore

Right Place to Company Incorporation in Singapore

If you have a bright idea or a burning interest, here are some good reasons why you should start your business in Singapore.