Start a Company in
Singapore
Singapore is an ideal location for company registration, especially for those looking to enter the Asian market. With a stable economy, attractive tax incentives, and a transparent legal system, the country offers numerous opportunities for businesses focused on Asia.
here's what you need to know
- Competitive company tax rate of just 17%
- Start-ups benefit from tax exemptions
- Ease of starting and managing a business
- Straightforward registration process and access to various government tools like ACRA's BizFile+
- Singapore is close to Asia’s markets
- It is required to engage an ACRA-registered filing agent and have at least one director who is a resident of Singapore
Why us?
Responsibility
We take responsibility for our actions and results.
Integrity
We strive to provide the highest level of consulting services
Accuracy
We adhere to high ethical standards
Individual approach
Our individual solutions are focused on customer needs
Prepatory Stage
- Determine the services you will provide.
- Choose the unique name for your company.
Compile the documents
- Prepare copies of your passport, proof of address for yourself and any directors or shareholders, an Authorization Letter, and a 10-second selfie video holding your passport while stating your name, passport number, and the services you have ordered.
Sign the statutory documents
- Once we receive all the documents, we will prepare the Memorandum and Articles of Association and select the appropriate SSIC code.
- We will then submit all documents to the registrar including incorporation forms, Company constitution, Consent by each company director, Appointed company secretary documents, Declaration of the company's controllers; will payACRA fees and log into ACRA.
- Our company will assist with organizing the first board meeting to appoint directors, auditors, secretaries, and approve the corporate bank account, as well as help you obtain the company seal and stamp for official documents, and guide you through obtaining the necessary business licenses and insurance.
Submission & Final Approval
- Once all the necessary documents are collected and prepared We will then submit all documents to the registrar.
Complete the Initial Questionnaire
- Fill out a short form with basic company and contact details
- Indicate your business activity and countries of operation
Choose Your Account Type and Services
- Select between personal, business, or merchant account
- Choose additional services (e.g. multicurrency support, online banking)
Undergo Compliance Check
- Wait for the bank's initial due diligence
- Respond to any additional compliance questions or requests
Account Activation
- Receive final confirmation from the bank
Our solutions include:
- Preparing monthly, quarterly and yearly management accounts, cash flow statements for management purposes.
- Preparing annual financial statements.
- Attending to the auditors during review of the company’s financial records.
- Administering the payroll process, including calculating and crediting of the net remuneration to individual employee’s bank account.
- VAT consultancy, support registration VAT number, filing VAT-returns and reclaiming foreign VAT
- Other financial reports
Accounting required documents:
- Company bank statements for the accounting reference period.
- Sales orders/invoices.
- List of customer’s deposits and pre-payments outstanding.
- Purchase invoices from suppliers, both paid and unpaid.
- Cash Expense receipts.
- Inventory listing.
- Documents pertaining to purchase, major repair and sales of fixed assets.
- Detailed payroll information.
- Any other related documents i.e. bank loans, lease agreements, insurance.
Streamline administration with our expert help
- Legal address & contact person
- Banking account opening assistance
- Accounting
- Tax consulting
- Company formation
QA
Do I need to be a Singapore citizen to start a business in Singapore?
No, you do not need to be a Singapore citizen. You can be a foreigner and still set up a business in Singapore. However, you must have at least one local resident director, who can be a Singapore citizen, permanent resident, or a pass holder. If you do not have a local director, you can use our nominee director service.
Can I have 100% foreign ownership in my Singapore company?
Yes, Singapore allows 100% foreign ownership. You can be the sole shareholder or have foreign shareholders, and the company can still be fully owned by non-Singapore residents.
What if I do not have a local director?
If you do not have a local director (a Singapore citizen, permanent resident, or pass holder), you can hire a nominee director through us. Alternatively, you may apply for an EntrePass to become eligible to act as the local director if you are planning to start a business in Singapore.
What is the role of a company secretary in Singapore?
A company secretary in Singapore is responsible for ensuring compliance with regulatory requirements, maintaining statutory records, filing annual returns, and handling other corporate governance matters. It is mandatory to appoint a local resident company secretary within six months of incorporating the company.
Can I use a P.O. Box as my company’s registered address?
No, you cannot use a P.O. Box as your company’s registered address. The address must be a physical location in Singapore where official documents can be sent and where the statutory records of the company are kept.
Can I start a business in Singapore remotely from abroad?
Yes, you can start a business in Singapore from abroad. However, you will need to meet the eligibility requirements, such as appointing a local director and company secretary, and working with an ACRA-registered filing agent to handle the incorporation process on your behalf.
How long does it take to incorporate a company in Singapore?
The company incorporation process in Singapore is typically very fast, often completed within one to three days, as long as all the necessary documents and requirements are in order.
Do I need to physically be in Singapore to register my company?
No, you do not need to be in Singapore to register your company. As a foreigner, you can manage the registration process remotely with the help of a licensed filing agent. However, a local director and secretary must be appointed as part of the legal requirements.
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