Now that you know the requirements to set up a company in Singapore, understand the step-by-step process of registering your new company and use our free tools below.
Step 1) Get your company name reserved
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!
Step 2) Check your Singapore business activity code
Search your primary business activity to find your SSIC Code that is required by ACRA to complete your company registration.
Step 3) Submit all required incorporation documents
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.
Step 4) Open a corporate bank account
A corporate bank account, while not mandatory, is important to ensure proper keepsake of all the company’s finances. Through the years, we’ve built strong relationships with local banks to help our clients to secure their bank accounts. For foreigners setting up a company in Singapore, there is an option for offshore bank account opening so you will not have to travel into the country.
In any case where traditional banks are not willing to open a corporate bank account, we also have alternative solutions with online bank partners.
Step 5 Secure your Singapore Employment Pass
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 85%.
Step 6) Adhering to annual compliance
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!
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?Dylan2022-06-27T10:10:02+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?Dylan2022-06-27T10:05:39+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?Dylan2022-06-27T10:13:59+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
Got questions for Singapore company registration?
Speak to our consultations today to gain clarity to your questions today.
Hear directly from our clients to learn more about the good work done.
PHP had given me a very practical solution for setting up my business by explaining all aspects of incorporation to me in a very clear and concise manner. PHP helped me throughout the entire incorporation process with corporate secretary services and have a good knowledge of information relevant to running a business in Singapore.
I originally approached Paul Hype Page for advise on the process to register a business in Singapore, as well as the application of EntrePass.
The overall process was good, it was smooth and I am excited to work in Singapore. Thank you Paul Hype Page!
Moving to a new country is not always easy. But now, I get to join my sponsor and have a job I always dreamed about in Singapore through the Dependent Pass with LOC. All this and more was possible because of Paul Hype Page’s guidance. Thank you.
I am really happy with Paul Hype Page's expertise and professionalism so I regularly recommend Paul Hype Page to my contacts
Setting up a success business was important to us. We needed to work with a consultant who could provide unmatched service in the industry. It was challenging, especially not being from Singapore, we didn’t know where to begin, but we found everything that we needed and so much more in Paul Hype Page & Co’s team.
Aside from their clear prices and professionalism, the most impressive part about Paul Hype Page is having a consultant to follow up my case so I could always text him about the progress and updates of my application and incorporation.
All Paul Hype Page personnel have been extremely helpful, responsive and knowledgeable. My EP processes is smooth, fast and very convenient.
AEB is a global enterprise with over 5,000 customers in Europe, Asia, and North America.
We have been working with Paul Hype Page for the past 4 years. Very professional team. We have had a very good experience with them. Highly professional secretarial services.
Eric helped us with setting up and application of EP. Highly recommend.
For the last 5 years, I have been using Paul Hype Page's services and I am satisfied...