2026 Singapore Tax Incentive Guide for Businesses
Singapore leads by example in the region as it offers a highly business-friendly environment for investors and entrepreneurs. The Corporate
On the lookout for a hassle-free company incorporation service in Singapore? Your search ends right here. Let us handle your business registration with only a few clicks.
Are you a business owner or someone who has just launched a new venture? With the assistance of company incorporation services in Singapore, you can incorporate your company in accordance with the country’s business laws. By doing so, you strengthen your brand identity so that you will be recognised as a trustworthy corporation that clients and partners can do business with.
The amount quoted is what you’ll pay for. There is nothing more than honest pricing and quality service that we can offer to our clients.
The process is fast and can be done online. All you have to do is submit your documents to us and we’ll do the filing.
Besides company incorporation, we also offer relevant support services such as accounting outsourcing, payroll, audit, tax, secretarial and advisory services. All of which are regulated by ACRA.
Our telephone hotline and email are open to answer your inquiries about our company services in Singapore.
We have helped hundreds of companies, foreign or local, get established in Singapore and we will continue to serve many more.
Input below the company name you have in mind and check if there’s an existing business with the same name.
Using the Company Name Check services means you fully agree to our Terms of Use.
Quick note: The ACRA database for name check is not synced in real time. So you may not be able to see the names of the most recently incorporated companies. Last update: June 2024
Thought of a name but unsure if it’s going to be accepted by ACRA? Here we have listed some restrictions you should know about before finally deciding on one.
For more specific guidelines on name selection, check out this policy.
Applying for the chosen business name costs S$15. After the name was approved, it will be reserved for 120 days. You have approximately four months to proceed with company incorporation before the name expires and is released for another company.
If your name application includes special words, it may be referred to the referral authorities. An example of this is if you have “school” in the name, the Ministry of Education will review your application.
During the name application, you will need to specify the primary and secondary activities of your business. To do this, choose a relevant SSIC code that corresponds to your intended business activity.
Your chosen business structure influences everything from daily operations to taxes and how much of your assets are at risk.
We are a trusted company incorporation partner, so let us choose the most suitable structure for you.
We have various packages for you. To decide on the best package, you should identify whether you need additional services like:
A bank account is recommended to keep business transactions separate from your personal ones and monitor your cash flows.
Structure |
Features |
Liability |
Suitability |
Pros |
Cons |
|---|---|---|---|---|---|
| Sole Proprietorship | Owned by a single person, easy to set up | Unlimited | Small businesses, freelancers |
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| Partnership | Owned by two or more partners, shared responsibility | Unlimited | Professional firms, small businesses |
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| Limited Partnership (LP) | At least one general and one limited partner | General: unlimited Limited: limited | Investors, passive partners |
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| Limited Liability Partnership (LLP) | Hybrid of partnerships and company, separate legal entity | Limited | Professionals (lawyers, accountants) |
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| Private Company | Separate legal entity, can have up to 50 shareholders | Limited | Startups, SMEs, growing businesses |
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The prices listed are recurring monthly fees listed in Singapore dollars (SGD) (Update: September 2023)
We will work hand-in-hand with you to ensure that you have all the correct requirements and are guided on all the procedures and regulations you should know.
Get your dream company up and running!
Know Your Customer (KYC) documents are non-negotiable documents to verify an individual’s or corporation’s identity, address, and sometimes their financial standing. Here are the documents you need to submit.
The documentation below applies to all company stakeholders including board members, equity holders, key controllers and authorised representatives.
Here are the documents and proofs for submission (authenticated digital copies) to establish a corporation or entity in Singapore.
Important: If your company documents are accessible and verifiable through an official government portal or registry website, submission of separately certified copies is no longer required. Make sure to provide appropriate access information for easy verification on our end.
Note: Additional documentation may be required depending on specific circumstances. Please contact our support team if you need guidance.
These two terms are sometimes used interchangeably. Both are options for legalising your business. The line that separates ‘company incorporation’ and ‘company registration’ is that incorporation creates a separate legal entity. Registration simply legitimises a business without having to form a separate entity.
Aspect |
Company Registration |
Company Incorporation |
|---|---|---|
| Definition | General process of registering any business with ACRA. May not create a separate legal entity | Specific legal process of setting up a company (usually a private limited company) that is a separate legal entity |
| Formality | Covers all business types (sole proprietor, partnership, company) | Only for creating companies like Pte Ltd or Ltd |
| Legal Entity | May or may not be separate legal entity (e.g., sole proprietors are not) | Always creates a separate legal entity under Singapore law |
| Used for | All kinds of businesses | Only for companies |
| Governing Body | ACRA | ACRA |
| Key Documents | Business name approval, registration form | Constitution (articles of association), shareholder/officer details, company info |
| Liability | Owners often have unlimited liability (e.g., sole proprietors) | Owners’ liability is limited; personal assets protected |
| Taxation | Taxed at personal income tax rates | Taxed at corporate tax rates, often lower than personal tax |
| Compliance | Fewer requirements; renew registration, get necessary permits | Stricter: annual returns, appoint officers, keep records, have a company secretary |
| Costs | Lower cost (around S$115 for sole proprietors) | Higher cost (around S$315 for private limited company) |
| Credibility | Lower credibility with banks, investors, and clients | Higher credibility with banks, investors, and clients |
| Property Ownership | Business assets usually owned in owner’s name | Company can own property in its own name |
| Perpetual Succession | Business ends when owner leaves or passes away | Company continues even if shareholders or directors change |
| Transferability | Harder to transfer or sell the business | Easier to transfer shares or sell the company |
| Minimum Paid-Up Capital | Not required for sole proprietors/partnerships | At least S$1 paid-up capital required |
| Registered Address | Required; can be home or business address | Required; must be a physical address in Singapore (no P.O. boxes) |
| Common Terminology | Broader term for setting up any business | Specific term for setting up a private limited company |
Sign up for a private limited company accounting package or bundled services and get full reimbursement!
*Subject to a minimum of one-year contract
You will need the following information:
For the requirements, you will need:
A nominee director meets the legal requirement for a local director but has no management, operational, or financial role in the company. This service costs S$4,200 per year with a refundable S$5,000 deposit when you no longer need it.
Shareholders are essentially considered the owners of a company, while the directors are a group of people who manage the operations of the company and make decisions in its best interest.
After preparing the needed documents, navigate to BizFile. Scroll down and look for the register menu. Click “Register new business entity” and read through all the information presented on the next page upon clicking and then click “Start.” It may take a few hours.
From the descriptor itself, it is a business entity registered under the Companies Act in Singapore.
You can perform a search on the homepage of BizFile. Just enter the entity name or UEN. Results will be listed if they contain the key phrases you entered, containing the following information: UEN, Industry (SSIC), Entity Status, and Address.
Yes, but the appointed director must be a resident of Singapore. As long as there is one director who is a citizen of the country, you and your shareholders can have as many directors as you want.
If the documents are original and complete, then we can push through with the company incorporation without your presence.
Yes, this is a statutory requirement. It must be a physical address.
The registration can be approved by ACRA as quickly as one working day if the incorporation documents are signed and the fees are paid.
You have options for this circumstance.
It is a limited liability company with up to 50 shareholders. A PLC’s shares are not for public consumption, which is why it is a popular business structure.
While it’s not a requirement, we strongly recommend opening a company bank account. Manage your business’s finances independently from your personal money.
Simply visit the ACRA website and log in to BizFile+. Right there, you can enter your company’s name or registration number in the search bar. You may have to click on a downloadable document to see further details like company type, incorporation date, business activities, and officers/shareholders.
The total admin fee to incorporate a company in Singapore is S$315 — S$300 for the registration fee and S$15 for the name reservation. The amount varies for every additional service you need. For example, pay an additional fee of S$40 to convert your company to another business structure.
A UEN or Unique Entity Number is a company’s identification number when transacting with various government agencies. ACRA grants you this upon company incorporation. You are given the option to apply for a Special UEN for a fee. Read this for the application process.
Private limited companies are getting quite the attention because of their flexible nature:
You have three options:
Yes, as long as they are an EntrePass or Employment Pass holder and are not disqualified from acting as one.
A company director is someone who is:
Yes, the Act applies to all private and public companies incorporated in Singapore as well as foreign companies with branches in Singapore.
A foreign company is a separate legal entity in Singapore that can be owned partially or fully by foreign entrepreneurs. An external company is like a branch office. It is incorporated outside Singapore but still operates locally, therefore, it cannot be treated as a separate legal entity.
“Work passes” is the umbrella term used by the Ministry of Manpower to pertain to a valid pass/work visa. An Employment Pass is a type of pass for professionals.
You will need an S-Pass to upgrade from a work permit. But first ensure that you are eligible (use this tool for self-assessment). You can stay in Singapore while applying for this pass as long as your work permit is valid.
Earn the minimum EP qualifying salary and pass the point-based assessment framework. Read the complete details here.
→ You can choose between a 12-month or a 52-week accounting period, whichever best suits your business operations. For the date, it’s your choice but some common choices include 31 March, 30 June, 30 September and 31 December.
→ Private companies must file their annual returns within seven months after the end of their financial year. All companies, including inactive and dormant companies with “live” status, must file annual returns with ACRA, even if they are exempted from filing income tax returns by IRAS.
→ Yes, Singapore companies are required to maintain several registers under the Act. They are as follows:
Most of these registers are maintained electronically by ACRA through BizFile.
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Singapore leads by example in the region as it offers a highly business-friendly environment for investors and entrepreneurs. The Corporate
Singapore remains one of the world’s most attractive places to establish a business. From its 5th rank in 2024, it
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Singapore leads by example in the region as it offers a highly business-friendly environment for investors and entrepreneurs. The Corporate
Singapore remains one of the world’s most attractive places to establish a business. From its 5th rank in 2024, it