Incorporate a Singapore Company with 5 Simple Steps
Assisting Thousands with Singapore Company Registration
The Process to Establish a Business in Singapore Includes:
Comprehend Singapore's Business Incorporation Requirements
Minimum of 1 Shareholder
Initial Capital of SGD 1
At Least One Singapore-Resident Director
Singapore-Resident Company Secretary
Registered Singapore Address
Determine Corporate Framework and Gather Essential Documents
- Who will be the company’s shareholders, and what proportion of shares will each hold? If you are setting up a subsidiary in Singapore, your existing local or foreign company will be the sole shareholder. For a new venture, you and any other partners will be the shareholders.
- Who will serve as the company’s directors? Who will be the Singapore-resident director? Will you need our nominee director service?
- What will be the company’s initial share capital? Generally, most companies are incorporated with a modest capital, such as SGD 100.
Singapore’s business incorporation regulations mandate that the incorporation firm must collect and verify identification and background information about the proposed shareholders and directors. The following are general guidelines for the types of documents required to fulfill this requirement:
- Passport copy
- Singapore ID if the individual resides in Singapore
- Residential address proof (for example, a driver's license, a recent utility bill, rental agreement, etc.)
- Professional background description; e.g. in the form of a resume
- Certificate of incorporation of the company that will be the shareholder (i.e. the parent company)
- Business profile of the parent company containing information about its business activities, share capital, shareholders, and officers
- An ownership structure chart that identifies the Ultimate Beneficial Owners (UBO) of the parent company
- Board resolution from parent company authorizing the registration of a subsidiary company in Singapore
Secure Approval for Your Company's Name
- If a company name follows Accounting and Corporate Regulatory Authority (ACRA)’s rules, it is typically approved in less than an hour.
- A name may be referred to another government authority for further approval if it contains certain regulated business words such as “finance”, “legal”, “law”, “broker” or “school”. This can delay the name approval process.
- Once approved, a name is reserved for you for 120 days. If you do not incorporate a company with that name within that period, the name is released and can be reserved by another person.
Execute Incorporation Paperwork
Simplify the Process!
Formalize Company and Set Up Bank Account
ACRA will provide the following official documents upon registration:
- e-Certificate of Incorporation. This official electronic document validates the establishment of a company in Singapore. The certificate displays the company’s name, the incorporation date, and the company registration number, referred to as the Unique Identification Number (UEN). ACRA does not issue a hard copy of the certificate of incorporation by default, as it is not required for any purpose in Singapore; the e-Certificate is sufficient.
- Business Profile. This document outlines the company’s corporate structure. The information detailed in the document includes the company’s primary business activity, registered address, shareholder and director information, and shareholding structure.
Simplifying the Process!
FAQs for Registering a Company in Singapore
Indeed, we do. We are keen to understand your objectives and suggest the most suitable alternatives for your circumstances. To begin, you may either converse with our virtual agent by clicking on the chat icon at the bottom right or submit your inquiry for a swift response. We can address your questions via email, schedule a Zoom call, or arrange an in-person meeting at our Singapore office.
You'll be creating a limited liability company, commonly referred to as a "private limited company." Some business owners are unclear about the various kinds of private companies in Singapore, including a Private Limited Company, Exempt Private Company (EPC), and Subsidiary Company. Our guide on the different forms of private limited companies clarifies what a Private Limited Company is and how it can acquire the attributes of an Exempt Private Company or a Subsidiary Company. However, it's important to remember that Exempt Private Companies and Subsidiary Companies are just types of Private Limited Companies.
The registration of a Singapore company involves several steps, each with its own typical timeline, as outlined below. Please note that some of these timelines depend on your response time, so if you take longer to gather the necessary information, the corresponding step may take longer.
- Sharing information about company structure and supporting documents: Anywhere from 1 hour to a few days (depends on the client).
- "Know Your Client" (KYC) checks by Corporate Service Provider as required by law: 1-2 days, depends on the complexity of the corporate structure
- Reservation of Company Name with ACRA: Less than 1 hour
- Preparation of incorporation document set: 1-2 hours
- Client Review and Signatures on document set: Anywhere from 1 hour to few days (depends on the client and number of signatories involved)
- Incorporation with ACRA: 1-2 hours
Therefore, the total time can range from 1 day to several days, primarily depending on the client's response time.
No, it isn't. With our online platform, we can incorporate your company without your physical presence in Singapore. All essential tasks can be accomplished remotely. Additionally, many Singapore banks now offer remote account opening services. Given the current COVID-19 situation, a visit to Singapore isn't required.
Absolutely, you can run and manage your Singapore company from any part of the world if this approach better aligns with your operational and business goals. Hence, you can establish and successfully operate a Singapore company without ever visiting Singapore.
To fulfil the requirement of having a Singapore-resident director, you can avail our service to "hire" a person who will be appointed as a local director for your company. This director is termed as a "nominee director". Our nominee director will not engage in the management or operational tasks of your company. The actual directors (i.e., your foreign directors) will be in charge of running the company; the nominee is merely present to comply with the legal requirement. For more information, please refer to our nominee director guide.