Company Incorporation in Singapore

Knowledge Base

• Local director or Employment Pass?
• Entity Types in Singapore.
• Bank account for your Singapore company.
• Requirements for annual filling.
• Corporate secretary in Singapore. Role and responsibilities
• How to open a branch or representative office in Singapore?
• Share capital and shareholding rules.
• Employment and entrepreneur pass and immigration law.
• Singapore tax system.
• Corporate tax in Singapore
• Individual tax in Singapore
• Withholding tax in Singapore
• Singapore double tax treaties
• Tax on foreign-sourced income

Step by step guide for company incorporation in Singapore

Choose the name of your company and send it to us. We will check availability in ACRA (The Accounting and Corporate Regulatory Authority in Singapore). We highly recommend sending 2-3 versions. 

• The name cannot be the same as another approved operational company in Singapore. 
• You cannot choose any vulgar or obscene name.
• No trademarks of other companies and national symbols can be involved. 

The process of registering a company name will take less than one hour. But if you will include words like «Law», «Finance», «School», «Broker», «Bank», it might take a few weeks for ACRA to approve. 

Once the name is approved, within 120 days all documents have to be submitted to ACRA. In case this period is failed, ACRA releases the name and it will be available for other companies to register. 

We will provide you the nominee director and company secretary for 1 year. We check all nominee candidates to make sure that he or she were not involved in court cases, not undischarged bankrupt, not subject to a disqualification order under section 34, 35, 36 of the Limited Liability Partnerships Act.

Later on, you can apply for an Employment Pass or Entrepreneur Pass if you like to relocate to Singapore. Or you can extend the partnership with the Nominee Director for next year.

The corporate secretary we also choose carefully. He or she will be in charge of filling annual documents required by law. This role has a lot of responsibilities, requiring special certificates and education.

If the company has one director, he cannot act as a secretary. But if the company has 2 or more directors, one of them can legally act as a company secretary. 

All Singapore companies are required to have a local registered address. it cannot be just a P.O. box. We can provide you 3 options:

1. Rent a real office. If your company will operate inside Singapore and you need to hire local employees, this is the best option. Of course it will be a bit costly and another requirement comes with real office — it has to be open at least 5 hours per business day. 
2. Register the Virtual Office. The fastest and cheapest option for you if you are not going to operate immediately or if you want to have online services or branch. Great features provided by local Virtual Offises as the mail scanes, receptionist and meeting room.
3. Applying for home office. This is the most longest and cheapest process of registering address for your company. Also it might be rejected by HDB (the Housing Development Board) or  URA (Urban Redevelopment Authority) because the address might not be suitable for business operations.

You don’t need to worry about it, we will do it for you. Just provide key information about your future company. We will prepare your SCIC code based on the information you give and fill everything for you.

• Company constitution. We adopt the standard company constitution available in ACRA for your company and protect all parties involved in the corporation.
• Consent to act as a director signed.
• Consent to act as a secretary signed.
• Residential address and identification documents of all shareholders and employees.
• Due-diligence filling. Know Your Client Form (KYC). We need to provide information about you: personall address and passport copy, information about the entity, beneficial owners, and information relating to Politically Exposed Persons (PEP).

After submitting all documents in ACRA, they will issue following documents within 30 minutes:

• Certificate of incorporation with UEN (Unique Entity Number). This E-Certificate will allow you to start business and open a bank account. You can purchase the hard copy in ACRA anytime if needed.
• Company Extract. The BizProfile with corporate details (Company ID, Address, Shareholders information, Director and Secretary information, Share capital, etc)

Company incorporation in Singapore is done! Next step — filling Nominee Shareholder Agreement. So you can have 100% control of your company.

If you are willing to relocate to Singapore, we will assist you with EP (Employment Pass) or Entrepreuner Pass. 

In case you need a bank account, we will provide you all options. We can help you with filling all nessesary documents for DBS Bank, UOB, OCBC Bank, HSBC, Citibank,  Maybank, Standard Chartered. Or we can open a bank account for remotely in Vietnam if you wish to save your budget.