Singapore Company Registration

Whether you are a foreigner looking to set up a company in Singapore or an existing business owner who wishes to expand and register a new company, we’ve got you covered. Our incorporation services will streamline your company registration tasks. Understand the challenges and let our incorporation specialists guide you through the process for a successful company incorporation.

Singapore Company Registration2022-12-23T11:03:09+08:00

KICKSTART YOUR SINGAPORE COMPANY REGISTRATION PROCESS

Ready to start your company incorporation journey? We will guide you throughout the process should you opt for our incorporation services. From assisting you with preparation of requirements to filing your company registration application, we are here to help.

Here are the basic requirements needed to set up a company in Singapore:

company registration services in singapore

Download the full Singapore company incorporation checklist now.

TYPES OF ENTITIES YOU CAN SET UP

Private Limited Company
(Recommended)
E.g., foreign subsidiary or related company
Limited by shares and is a separate legal entity from its shareholders. It is recognised as a taxable entity.
Foreign branch If you do not want to incorporate a local company in Singapore, you can still carry out your business activities by registering as a foreign branch.
This entity is an extension of the parent company and is not considered a legal entity that is separate from the parent company. This entity does not have a board of directors or shares.
Foreign representative office (RO) A RO does not have a legal status but is merely an administrative arrangement. It is primarily designed for non-commercial activities. A RO is unable to carry out any profit-generating business activities in Singapore.
Sole Proprietorship A business entity solely 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.

The best type of entity for foreign entrepreneurs to incorporate is a private company limited by shares. Here’s why:

Foreign entrepreneurs would need to apply for a work visa to physically operate the company in Singapore. The Singapore Employment Pass (EP) is the best option for the applicants and their families as dependant passes are granted to eligible family members.

Singapore Company Incorporation As A Foreigner

HOW TO REGISTER A COMPANY IN SINGAPORE?

Now that you know the requirements to set up a company in Singapore, understand the step-by-step process of Singapore company registration for a successful company incorporation. Apart from our reliable incorporation services, we also provide access to free tools for your registration, you may use these tools below.

Finding a suitable and memorable company is crucial foundation for business success. Check and register your company name in Singapore through ACRA using our free tool!

Search your primary business activity to find your SSIC Code that is required by ACRA to complete your company registration.

Tap on our patented digital platform to fill up the information to generate filled-up company incorporation documents. All processes are done online – from form submission to signing of all documents. We will proceed with your company registration with ACRA once we have the finalised documents. Once registered, all your company detail and documents will be uploaded into the digital platform.

Singapore offshore company incorporation is a viable option – means no need for you to travel down to Singapore if you are based overseas.

To commence the business, one must first open a Company bank account. Some of the banks that have allowed for virtual account opening are Aspire Digital Bank, OCBC Bank, and DBS Bank. For UOB, in most cases they would call for a face-to-face meeting.

The estimated timeline to open a corporate bank account is 3 – 4 weeks. You can access the full guide to corporate bank account opening here.

If you are a foreigner setting up a company in Singapore, you will need to apply for a work visa to run your business operations. We typically recommend our clients to opt for the Singapore Employment Pass (EP) for various reasons – reach out to us to discuss your options! Our Singapore EP success rate for approvals is 93%.

Read more about Singapore Employment Pass here.

Depending on the company, you may require local employees to operate your business. The local qualifying salary in Singapore starts from SGD$ 700 to SGD$ 1,400. As for the CPF contribution, the range is between 17% to 20% depending on the age of the employee.

After you’ve successfully incorporated your company, you are bounded by the governmental regulations. These include corporate secretarial activities, accounting, corporate tax filing, and compiling of financial statements. Leave all compliance work to our Chartered Accounts to never miss a deadline – penalties are involved if you miss!

TIMELINE FOR INCORPORATION AND EMPLOYMENT PASS APPLICATION

Day 1) Register an account on our patented platform. Fill up our incorporation and employment pass form.
Day 5) After compliance team approval, Incorporate the company with our nominee services
Day 7) Review client’s Employment pass application and advise on the additional documents that maybe needed such as Business Plan, Tenancy Agreement and etc
Day 10) Submit Application to MOM and open company’s bank account
We are able to fund the company with up to $300,000 to secure a higher approval rate
Day 20) MOM may approve or request for additional documents
Day 30) Submit document after communication with MOM officer and working with client on the needed documents
Angela
Day 35 to 60 days) MOM will approve the application and once client secure employment pass, you can be considered a local resident director, you do not need the nominee director services.
Eric - Chief Executive Officer

Company Registration FAQs

Starting a new company can be daunting – here are the top 5 questions regarding Singapore company registration that will clear your doubts!

What are the types of entities I can incorporate in Singapore?2022-06-27T10:10:02+08:00

In most cases, we recommend our clients to register a private limited company in Singapore. The other types of entities that you can register include sole proprietorship, partnerships, limited partnership, limited liability partnership, foreign branch, and foreign representative office.

Can I incorporate a company in Singapore while being overseas?2022-06-27T10:05:39+08:00

Yes, we can support your Singapore company registration remotely.

Can a foreigner incorporate a company in Singapore?2022-06-27T10:09:24+08:00

Definitely – in fact, the government are encouraging foreigners to invest and set up a company in Singapore! However, foreigners must have an EP, local resident director, and registered address in the country.

How do you incorporate a company in Singapore?2022-06-27T10:13:59+08:00

Incorporating a company in Singapore is a difficult task. Fulfill all the requirements and you’re all set to have your new company up and running. Find out the detailed process in our article here!

What are the documents required for incorporation of company in Singapore?2022-06-27T10:11:11+08:00

For successful incorporation of your Singapore company, you will need to submit the following:
> Company name
> Company business activities
> Details of both shareholders & directors
> Details of appointed company secretary
> Identification documents of all stakeholders
> Registered address in Singapore
> Company constitution

Undecided or got questions

Got questions for Singapore company registration?

Speak to our consultations today to gain clarity to your questions today.

SINGAPORE COMPANY INCORPORATION ARTICLES

Supplement your existing knowledge with additional insightful readings that we’ve crafted based on our 14 years of experience.

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