'Singapore Company Registration: Detailed Process and Required Documents'

Registering a company in Singapore is a straightforward process, but requires meeting various documentation and compliance requirements. Singapore company registration differs significantly from domestic registration. Company registration can be completed quickly through the electronic system, but document review and compliance are handled by registration personnel or agencies who bear legal responsibility for compliance.

Basic Requirements for Singapore Company Registration:

1. Company Name: Must register a unique company name with ACRA. The name cannot duplicate existing companies or contain prohibited words.
2. Directors: At least 1 local director is required, who must be a Singapore citizen, permanent resident, or foreigner with a work pass. Nominee director services are available through appointment by an RFA secretary company.
3. Shareholders: A company can have 1-50 shareholders. Shareholders can be individuals or corporations, and can be local residents or foreigners.
4. Company Secretary: According to Singapore law, a company must appoint 1 local company secretary within 6 months of incorporation.
5. Registered Capital: Minimum registered capital is 1 SGD. Actual paid-up capital can be set according to company needs, but not less than 25% of registered capital.
6. Registered Address: Company must provide a local Singapore registered address. Virtual office addresses can be used.

Detailed Steps and Considerations for Singapore Company Registration:

1. Choose Company Type

Private Limited Company (Pte Ltd) is the most common company type.

2. Company Name Registration

Apply through ACRA's BizFile+ system. The company name must be unique and comply with regulations.

3. Prepare and Submit Documents (Required Materials)

After company name approval, the following documents must be prepared and submitted:

• Company Constitution
• Director Consent Forms
• Company Secretary Appointment Documents
• Declaration of Controllers

For foreign directors or shareholders, additional documents required include passport copies, proof of residential address, and permanent resident documentation (if applicable).

Non-English documents must be translated before submission.

4. Submit Application

Submit registration application to ACRA through an RFA agent. The fee is 315 SGD. The agent will be responsible for reviewing all documents and completing company registration through ACRA's BizFile+ system.

5. Subsequent Compliance Requirements

• Declaration of Register of Controllers: Companies must declare their beneficial controllers.
• Declaration of Data Protection Officer: Companies must appoint a data protection officer.
• Background Checks: RFA will conduct background checks on all shareholders, directors, and beneficial controllers to ensure compliance.

6. Bank Account and Tax Registration

After registration is complete, you can open a corporate bank account. If annual revenue exceeds 1 million SGD, GST registration is required. Additionally, companies must submit tax filings to IRAS within the prescribed timeframe.

7. Considerations for Foreign Investors

If the company has foreign shareholders or directors, registration must be completed through an RFA. The RFA is responsible for the registration process, ensuring compliance of all documents and conducting necessary background checks.

Registering a company in Singapore requires meeting a series of compliance requirements. Our RFA secretary company will provide comprehensive support to ensure smooth company registration and compliance with all legal requirements. Please contact us to learn more about our registration services.