Singapore Company Registration

How to Register a Company in Singapore

Registering a company in Singapore is an ideal choice for many entrepreneurs, as Singapore not only has an open business environment and stable political system, but also offers tax benefits and legal transparency, providing excellent conditions for business development. We can help you register a company in Singapore and assist you in conducting business locally. Below is detailed information about the basic requirements, process, and fees for registering a company in Singapore.

Basic Requirements for Registering a Company in Singapore

1.Company Name: When registering a company in Singapore, you must first choose a unique name for the company and register it with the Accounting and Corporate Regulatory Authority (ACRA). The company name must be unique, cannot duplicate existing company names, and cannot contain prohibited words.

2.Directors: The company requires at least one director, with at least one local director. The local director must be a Singapore citizen, permanent resident, or a foreigner holding a Singapore work pass (such as EntrePass or Employment Pass). If you need a local nominee director (proxy director), we can provide this service. According to the latest Singapore Companies Act regulations, nominee directors must be appointed by a licensed RFA secretary company.

3.Shareholders: Singapore companies can have individuals or corporate entities as shareholders, with the number of shareholders ranging from 1 to 50. Shareholders can be local residents or foreigners.

4.Company Secretary: According to Singapore Companies Act regulations, all companies must appoint a company secretary within six months of incorporation. The company secretary must be a natural person and a Singapore resident.

5.Registered Capital: Singapore company registration requires a minimum capital of SGD 1, with paid-up capital not less than 25% of the registered capital, set according to your needs.

6.Registered Address: The company must have a local Singapore registered address, which serves as the contact address for the government and relevant departments. If you need to use a virtual office address (company registered address service), we can provide this service.

Process for Registering a Company in Singapore

1.Company Name Registration: Register the company name with the Accounting and Corporate Regulatory Authority (ACRA). This process is usually completed within one day.

2.Document Preparation: Prepare the required registration documents, including the company constitution, identity documents of directors and shareholders (such as passports, identity cards), proof of registered address, etc.

3.Submit Application: Submit the company registration application to ACRA. The registration process is usually quick and can generally be completed within 1 to 3 days.

4.Open Bank Account: After registering a company in Singapore, you need to open a corporate account at a Singapore bank for the company's daily operations and transactions.

5.Apply for Necessary Licenses: Depending on the nature of the company's business, you may need to apply for specific business licenses or industry permits.

Fees for Registering a Company in Singapore

The fees for company registration vary depending on specific circumstances. Generally, the fees for registering a company in Singapore mainly include:

1.Company Name Application Fee: Approximately SGD 15.

2.Company Registration Fee: Approximately SGD 300.

3.Company Registration Service Fees: If you choose to use our professional service company to assist with company registration, please check our service quotation >Singapore Company Registration. In most cases, we can complete company registration within just 1 hour.

Registering a company in Singapore is a relatively simple and efficient process, but you still need to pay attention to compliance and regulatory requirements. We can provide you with comprehensive support to ensure your company is successfully established and operates smoothly. If you have any questions or need further assistance, please feel free to contact us.