Company Formation in Singapore

Forming a company in Singapore is a straightforward process and is attractive for many business owners due to its robust economy, strategic location, and favorable tax system. Here’s a general overview of the steps involved in company formation in Singapore:

1. Choose Your Company Name: The first step is to choose a unique name for your company and have it approved by the Accounting and Corporate Regulatory Authority (ACRA) of Singapore. The name should not be identical to any existing business in Singapore and should not infringe on any trademarks.
2. Prepare the Necessary Documents: You will need to prepare a set of documents, including the company constitution (formerly known as Articles of Association), details of the company’s directors and shareholders, and a description of the business activities.
3. Appoint Directors and Shareholders: A Singapore company must have at least one director who is a resident of Singapore. This can be a Singapore Citizen, a Singapore Permanent Resident, or a person holding an Employment Pass/Dependent Pass with a residential address in Singapore. There is no limit on the number of additional local or foreign directors. A private limited company in Singapore can have between 1 to 50 shareholders, which can be individuals or corporate entities.
4. Register Your Company: You can register your company with ACRA through the BizFile+ portal. The registration process is efficient and can typically be completed within a day if all documents are in order and no regulatory approval is required.
5. Open a Corporate Bank Account: Once your company is registered, you will need to open a corporate bank account in Singapore. You may choose from a wide range of local and international banks.
6. Secure the Necessary Business Licenses and Permits: Depending on the nature of your business, you may need to obtain specific licenses or permits before you can commence operations. For example, businesses involved in food and beverage, education, travel agencies, and financial services require specific licenses.
7. Stay Compliant: Ensure that your company complies with Singapore’s corporate regulatory requirements, such as holding an Annual General Meeting (AGM), filing annual returns, and filing corporate income tax returns.

Singapore also offers various tax incentives and schemes to support startups and businesses, making it an attractive location for entrepreneurs and investors.

Choose company type: Pte Ltd.

Incorporation price: 2.600

• Incorporation
• Name Check & Clearance
• Preparation of Certificate of Formation
• 2 shareholders included
• 1 director included

Available Add-ons

 

Additional Director  £200

 

Additional Shareholder  £250

 

Corporate Shareholder  £600

 

Company Secretary  £2.200

 

Local Director  £4.500 / yearly

 

Nominee Director  / upon request

 

Nominee Shareholder  / upon request