Company Incorporation in singapore


WHY CHOOSE US FOR SINGAPORE COMPANY INCORPORATION SERVICES


Singapore Company Incorporation Cost

NO HIDDEN COST

Our costs are transparent. We believe in providing clear pricing upfront to our customers with no surprises.

Company Formation Process

FAST AND EASY PROCESS

We have clear internal system and streamlined processes to ensure our clients can incorporate their company efficiently.

Company Incorporation Experienced Team

EXPERIENCED TEAM

We have successfully helped with the formation of 400+ companies in Singapore during the last 8 years.

Singapore Company Registration Solution

ONE STOP SOLUTION

We also provide registered office address service, nominee director and shareholder services.

Company Registration Phone Service

24-HOURS SUPPORT

Our dedicated team are available via telephone and email to reply your enquiries relating to our services.

COMPREHENSIVE SERVICES

Our complete range of corporate secretary, outsourced accounting, taxation, payroll and auditing services helps you stay focus on your business.

COMPANY REGISTRATION IN 4 EASY STEPS


Business Name Registration
1

Decide on an Appropriate Business Name

Setting up your business in Singapore begins with choosing the right corporate name. According to Singaporean law, the company's name must first be approved before it can be incorporated, so make sure to pick an appropriate one.

Company Incorporation Help from Professional
2

Prepare the Requirements

Once you have selected an appropriate name, the next step is to gather the requirements to complete the company incorporation process. These include:

  • A minimum of one (1) shareholder
  • A minimum capital of at least S$1
  • A minimum of one (1) director who resides in Singapore
  • A company secretary
  • A registered business address
  • A Company constitution document
  • Application of Incorporation

As your partner incorporation agent, we at Corporate Services Singapore will streamline the process to help you prepare and submit all the supporting documents hassle-free.

Singapore Company Registration Services Package
3

Select a Corporate Service Package

If you need more professional assistance from our team besides collecting and submitting documents, we also offer comprehensive company incorporation services to make the registration process more efficient and convenient for you.

While we provide packages for local and foreign entrepreneurs, we also offer customisation of services. So, if you need help getting an employment pass, a company secretary, a local business address, or an incorporation certificate, our experts can assist you.

Set Up Business Bank Account
4

Set Up a Business Bank Account

After incorporating your company successfully, you will need to open a business bank account that’s separate from your personal account to make transactions. Should you need our services for this step, we also offer bank account opening assistance.

Since we work with several local banks, we can select an establishment that suits your needs and offers incredible advantages.

Singapore Registered Company Name Check


By using the Company Name Check service, you have fully agreed to our Terms of Use.

UEN UEN STATUS NAME

Corporate Services company name check

REGISTER THE RIGHT COMPANY STRUCTURE


Choosing the right business structure is like building a strong foundation for your company geared towards long term sustainable success.

Sole Proprietorship

Partnership

Limited Partnership (LP)

Limited Liability Partnership (LLP)

Private Company

General Information Owned by one person who has the absolute say in the running of the business Formed by a minimum of 2 partners and a maximum number of 20 Consists of 2 to 20 partners wherein at least 1 partner is a General Partner (GP) and 1 is a Limited Partner (LP) No limit on numbers of partners; functions like a partnership but has a separate legal identity like a private limited companies A business entity registered under the Companies Act, Chapter 50

Has 50 or fewer shareholders; with restricted rights in share transfers

Who Can Set Up Singapore Citizen/Permanent Resident

A foreigner must assign a local manager

At least 2 Singapore Citizens/Permanent Residents

A foreigner must assign a local manager

Any foreign and/or local individual and/or company

If all General Stakeholder/Directors reside outside Singapore, a local manager must be assigned

Any foreign and/or local individual and/or company Any foreign and/or local individual and/or company

A local Director must be assigned

Suitability of Business Entity Suitable for small scale business models with comparatively low risk and returns Suitable for small scale business models with comparatively low risk and returns Where one partner is ready to bear unlimited risk Appropriate for professions like law firms, accountancy firms, architect firms and doctor clinics Suitable for any trade, vocations and profession
Succession and Perpetuity Business has no perpetuity as it is linked to the owner Business has no perpetuity as it is linked to the owner Depends on the agreement and number of partners Depends on the agreement and number of partners Business has perpetuity irrespective of status of shareholders
Capital Funding Opportunity Personal assets only Personal assets only Personal assets as well as bank financing Personal assets as well as bank financing Yes

SELECT PACKAGE FOR SINGAPORE COMPANY FORMATION


  • Services
  • Our Professional fee is inclusive of government fees:
    - Company name search & reservation (S$15)
    - ACRA incorporation fee (S$300)
  • Incorporation documents and First Board meeting (Worth S$200)
  • Company constitution (Worth S$100)
  • 1x Company Business profile upon incorporation (S$5.50)
  • Electronic Official Certificate of Incorporation / Certificate of incumbency
  • Corporate kit: Share certificates, registered and minutes book (Worth: S$100)
  • Company common seal and stamp (Worth S$150)
  • Free consultation 1 hour (Worth: S$200) (Next hour at S$200)
  • Telephone and e-mail support
  • Add-Ons
  • Bank account opening assistance
  • Resident Local Director service
  • Employment pass
  • Entrepreneur pass
  • Company Secretary
  • Registered Local Address service
  • Singapore Resident & PR
  • S$1,000
  • Choose below
  • X
  • X
  • SignUp Now
  • Foreign Entrepreneurs
  • S$1,200
  • Choose below
  • SignUp Now
  • Foreign Companies
  • S$1,400
  • Choose below
  • SignUp Now
  • Offshore company
  • From US$1,600
  • Choose below
  • X
  • X
  • X
  • X
  • SignUp Now
  • Custom
  • Customise (Based on your requirements)
  • Choose below
  • As requested
  • As requested
  • As requested
  • As requested
  • As requested
  • As requested
  • Request Now

Prices are recurring monthly fees which are listed in Singapore dollars. (Updated on Jan 2019)

  • Add on Services
  • Bank account opening assistance
  • Change of directors, registered office address or company secretary
  • Change of bank signatories or auditors
  • Change of name
  • Change in capital structure
  • - Transfer of shares
  • - New issuance of shares
  • Preparation of Extraordinary General Meeting (EGM) documents
  • Resident director service for 12 months, with S$5,000 refundable deposit required.
  • Use of Registered Local Address in Singapore (per month)
  • Monthly mails scanning service (per month)
  • Mail forwarding or mail collection services
  • Application for GST registered company
  • First time CPF set up and submission of Form 1/GIRO (one time)
  • Compilation of unaudited financial statements (per annum)
  • ECI submission, tax computation and filing of Form C-S for simple company (minimum from per annum)
  • ECI submission, tax computation and filing of Form C for complex company (minimum from per annum)
  • Employment pass (Per application)
  • Dependent pass (Per application)
  • Entrepreneur pass (Per application)
  • Corporate Secretarial Service for Singapore resident and PR with simple structure inclusive name secretary and preparation of AGM documents and filing of annual return to ACRA (per annum)
  • Corporate Secretarial Service for foreign entrepreneurs with consultation on corporate governance inclusive name secretary and preparation of AGM documents and filing of annual return to ACRA (per annum)
  • Corporate Secretarial Service for foreign-owned companies or companies with audit requirements inclusive name secretary and preparation of AGM documents and filing of annual return to ACRA (per annum)
  • Usual Price
  • S$400
  • S$100
  • S$200
  • S$400
  • S$600
  • S$300
  • S$600
  • S$4800
  • S$50
  • S$30
  • At cost
  • S$600
  • S$250
  • S$1200
  • S$800
  • S$1200
  • S$2250
  • S$1000
  • S$5000
  • S$900

  • S$1200

  • S$1500

  • *Value Price
  • S$300
  • S$50
  • S$100
  • S$300
  • S$500
  • S$200
  • S$500
  • S$3600
  • S$40
  • S$20
  • At cost
  • S$450
  • S$200
  • S$1000
  • S$700
  • S$1000
  • S$1800
  • S$800
  • S$4000
  • S$750

  • S$900

  • S$1200

*FREE Company Incorporation in Singapore Upon Signing Up
To Our Accounting Package Or Bundled Services!

Company Incorporation (S$300) And Name Application Fees (S$15) Will Be Reimbursed Upon Signing Up For A Private Limited Company Outsourced Accounting Package Or Bundled Services.

*Subject to a Minimum One Year Contract

A Trusted Name Business Owners Can Depend On For New Company Registration for 2022


Get instant access to a comprehensive suite of services and solutions for your company formation and compliance needs in Singapore.

  • Company Incorporation
  • Accounting and Payroll Services
  • Corporate Taxation
  • Business Support Services like registered office address service, nominee director and shareholder services
  • A customized and all-in-one platform to handle your company's full-suite of regulatory filings
  • A team of experts with deep industry know-how, track progress, and secure necessary legal documents
  • 24-hour world-class business support

We love to share our knowledge with clients to help them understand the fundamental requirements of company incorporation procedures in Singapore and their obligations and commitments under local statutes. Partner with us today and together; we help you set up your dream company.

Corporate Services Singapore also Specializes in Offshore Company Incorporation


An offshore company pertains to a non-resident or paper company incorporated in a jurisdiction other than principal place of business of its investors. Setting up an offshore company in Singapore is advantageous. Subject to statutory conditions, a non-resident company can enjoy tax-exemption, can have exemptions in withholding tax, capital gains tax, accumulated earnings tax, sales tax and value added tax.

Under the Singapore Companies Act, non-residents cannot self-register their own offshore company. The assistance of a local professional firm is required. Corporate Services Singapore provides an efficient and streamlined approach to offshore company incorporation. Our resident/foreign clients are provided assistance in the following areas:

  • Approval Of Offshore Company Name And Registration With Offshore Company Registrar
  • Submission Of Pertinent Incorporation Documents
  • Opening Of Corporate Bank Account

FAQs FOR COMPANY FORMATION SERVICES IN SINGAPORE


 

What if I do not have a registered office address in Singapore?

You can simply engage of our Registered Office Address services. We can provide this service at a fee from $300 to $420 per annum which comprises the receipt and collection of all business correspondences on your behalf.

What information is required prior to engaging Singapore Company Registration Services?

• Proposed company name.
• Name, residential address & copy of identification document (i.e. passport, NRIC) of proposed Directors and Shareholders.
• Details of issued/paid up capital, with share allotment /percentage of shareholding.
• Principal business activities of the company.
• Registered office address and location of the register of members and index is kept.

What are the requirements for company incorporation in Singapore?

• Any local or foreign person can incorporate a company in Singapore.
• Minimum of 1 director and 1 shareholder required.
• Minimum of 1 director to be a local resident director (ie. Singapore citizen or permanent resident).
• 100% foreign ownership allowed.
• Minimum paid-up capital of $1.
• A local registered office address is required.
• A locally qualified corporate secretary must be appointed.

What’s the cost and scope of Nominee Director Services?

The nominee director will not have any financial, management, or operational interest in the company. His role is just to satisfy the statutory requirement of a local resident director for your company in Singapore.

Our fee for the provision of a Nominee Director is S$4,200.00 per annum and with a refundable security deposit of S$5,000. The deposit will be refunded when our Nominee Director Service is no longer required.

What is the difference between a Director and a Shareholder?

Shareholders own the company and are entitled to the profits of the company. Directors are appointed to manage and run the company, dealing with the day to day business activities and make decisions.

How do you incorporate a company in Singapore?

To incorporate a company in Singapore, you’ll need to obtain the following requirements:

  • Company name
  • Company’s principal activities
  • Name of directors and shareholders
  • Office address
  • Share capital
  • Constitutional documents
  • Other supporting documents
  • Singpass

Once you have prepared the documents, you need to register your company with ACRA via their Bizfile website. On the website, you will find the eServices menu. Click the tab and look for “Local Company.” Afterwards, click “Start a New Local Company.” Finally, click “Application for New Company Name.” You need to submit the application form in order to complete the incorporation process.

This can take a few hours. In cases where you need to be transferred to another department, it might take up to 14 to 22 days.

What is an incorporated company?

An incorporated company is any business entity that has been registered under the Companies Act in Singapore. The law recognizes it as a separate legal entity from its owners.

There are different types of incorporated companies in Singapore, such as the sole proprietorship, limited partnership, or private limited company. Among these, the most popular company structure is the private limited company.

How do I check if a company in Singapore is registered with ACRA?

To verify if a company is registered in ACRA, first, you need to visit their bizfile. Then, on the search bar, type the name of the company you wish to check. ACRA will explore their existing database and present you with results that match your search.

The results will provide you with the following information:
● Company name
● Unique Entity Number (UEN)
● Company status
● Address
● Industry
● Compliance rating

You can even get their business profile and other documents for an additional fee.

Can a private limited company have only one director?

Yes, a private limited company in Singapore can have one director, but the appointed individual must be a resident of Singapore.

While one director is the minimum requirement for corporate entities, the state law does not specify a maximum number of directors allowed. So, you and your shareholders can appoint as many directors as you want to run your business.

Do I need to be present during the company incorporation process?

No, you do not need to be present when incorporating a company in Singapore. We can complete the whole process online or via e-mail without your presence as long as we receive all original signed required documents from you.

Do I need a registered address in Singapore for my company?

For each Singapore incorporated entity, there is a statutory requirement to have a Singapore based registered address. The registered address must be a physical address (not a PO Box) where company records are kept and where official correspondence can be sent and received.

It is not a requirement that office space must be leased and the use of our Registered Office Address services is permitted.

How long does it take to incorporate a Company in Singapore?

We can have your company approved by and registered with the Accounting Corporate Regulatory Authority within 1 working day once the incorporation documents have been duly signed and payment of the company incorporation fees has been made.

We would like to incorporate a company in Singapore but we do not meet the local Director requirements. Can you advice on dealing with the requirement of having local Director?

There are several options you may consider.

• If relocation to Singapore is part of your plan, then you can act as the local Director subject to the approval of your Entrepreneur Pass or Employment Pass.
• We also provide nominee director service to help you meet the local Director requirement.
• You may also choose to appoint a local employee or someone you know in Singapore to act as the local Director.

What is private limited company in Singapore?

In private companies, the maximum number of shareholders is limited to 50 and the memorandum and constitution restricts the right of its members to transfer their shares in the company. A private company limited by shares can be classified as an exempt private company.

The key characteristics of an exempt private company are:

a) no more than 20 shareholders; and
b) all the shareholders are individuals.

Exempt private companies with annual revenue of less than S$10 Million are exempted from audit requirements and are not required to file financial statements with the ACRA.

Do I need to open a corporate bank account in Singapore?

Opening a corporate bank account is mandatory for Singapore incorporated companies. The presence of the company’s directors is required.

What is the incorporation date of the company?

The company’s incorporation date is when all the documents have been submitted to and approved by ACRA. You can find the date of company incorporation by going through ACRA’s registered company list. By using the company search tool or visiting the company’s business profile, you will find the company’s basic information, including the name, registration number, status, and address. 

To get additional information such as business type, company’s date of incorporation, and name and position of business owners, you will need to buy the business entity’s profile.

How much does it cost to incorporate a company?

The administrative fee to incorporate a company in Singapore costs a total of S$315. S$300 for the registration fee and S$15 for the company name reservation. However, the price can go up if you require other services. 

For example, if you want to convert your company type to another structure, you will be required to pay an additional S$40. Other additional services might include company secretarial services, accounting, and filing, which can reach up to S$500 to $1,500, depending on the required scope of work.

What is UEN, and why do I need it for my company in Singapore?

A UEN stands for the Unique Entity Number, previously known as Singapore’s company registration number. It essentially works as the company’s identification and is composed of 9 to 10 digits which ACRA issues.

As the unique entity number, it works as a tool to conveniently interact with several government agencies and engage in corporate activities, like filing corporate tax returns and applying for permits. In other words, it’s the only identification you need to perform all types of transactions pertaining to your business.

ACRA grants you a UEN number upon company registration. But if you want to request a special UEN number, you can do so for an additional cost.

Why should I register as a limited company?

Many business owners lean towards a limited company structure because of the benefits it offers. For one, it limits the liabilities of the shareholders, so when debts, financial incidents, and legal matters arise, the law recognises the limited company as a separate entity from its owners, thereby protecting from the consequences of the business.

Another reason is its easy process of transferring shares and changing shareholders. In instances where resignation, insolvency, or death of shareholders occur, a limited company ensures the company’s succession.

Other reasons to consider a limited company structure include:
● Ease of increasing capital
● Establishing a credible image
● Tax incentives and benefits

How can a foreigner incorporate a company in Singapore?

There are three options for foreigners to incorporate a company in Singapore. If you plan to relocate to Singapore, you can register as a Private Limited Company by obtaining either an Employment Pass or EntrePass. However, if you plan to run your business from another country, you need to nominate a resident director to operate it locally.

If you need assistance setting-up your company in Singapore, Corporate Services Singapore offers incorporation for foreigners, including searching for a company name, paying ACRA incorporation fees, collecting and submitting documents, and obtaining the official Certificate of Incorporation.

Can a foreigner be a director in a Singapore company?

Yes, a foreigner can be a director of a Singapore company.

Who can be a resident director?

According to state law, a resident director is someone who is either a natural-born citizen, a Singapore Permanent Resident, or an EntrePass or Employment Pass holder. Additionally, they must have a Singaporean residential address.

Does the Companies Act apply to foreign companies?

Yes, the Companies Act of Singapore applies to foreign companies. Among the extensive list of laws, the Companies Act specifies the nature of business a foreign company can operate in, the number of local shareholders it must have, the obligations it must follow in terms of preparing and filing official documents, and the liability and penalty it will be given should the foreign company or the individuals responsible for it fails to comply with the stated guidelines.

What is the difference between a foreign company and an external company?

A foreign company is a separate legal entity that’s either majority or entirely owned by foreign entrepreneurs. It’s incorporated into the country and abides by the same laws. An external company, on the other hand, is an entity that has been incorporated outside of Singapore but still has a place in the country.

To give you a better idea, a branch company is an example of an external company. It has its headquarters in a different country but still operates in Singapore. But while it may have its local operations in the country, it cannot be treated as a separate legal entity. For this reason, investors who wish to set up an external company will have limited liability.

Is an Employment Pass the same as a Work Pass?

Although many consider the Employment Pass and the Work Pass as falling under the same category of “work permit,” they don’t function the same way. Both passes require absolutely different visas.

An Employment Pass is for highly educated and high-paid foreign managers, directors, and professionals who want to move to Singapore to elevate their careers or start a new business venture. For this reason, the government has a set of qualifications for interested talents who want to apply for an Employment Pass.

A Work Pass is designated for unskilled workforce sourced from approved countries. As such, this is usually given to foreign workers who have experience in construction, service, manufacturing, and marine industries. Unlike an Employment Pass, the government does not require interested applicants to showcase valuable knowledge or skills in any field.

How can I convert my Work Permit to an Employment Pass?

If you have a Work Permit and want to upgrade to an Employment Pass (EP), you need to first get an S-Pass. To go from a Work Permit to an S-Pass, you’ll need to meet two main criteria: salary thresholds and education qualifications.

Therefore, you need to take an S-Pass self-assessment tool to see if you’re qualified for an S-Pass. When you meet all the requirements, your employer will apply for an S-Pass on your behalf.

Once you’ve secured an S-Pass and want to upgrade to an EP, you first need to earn more education qualifications and work experience. Then, you’ll have to find a company willing to pay you a monthly salary of at least S$4,500. Finally, you need to stay on top of the stiff competition. To do this, you’ll need to demonstrate how your knowledge and skills can add value to not only the company but, more importantly, the country. Once you fulfil these requirements, your employer or appointed agent will apply for an EP.

What are the eligibility criteria for an Employment Pass?

The Employment Pass is eligible for foreign professionals who meet the following criteria:
● Have an existing job offer in Singapore
● Have worked in executive, managerial, or specialised roles
● Earns a fixed monthly income of a minimum of S$4,500
● Have acceptable education qualifications from reputable universities
● Demonstrates expertise in specialised skills

To know if you’re qualified to get an Employment Pass, you can take the Self-Assessment Tool (SAT). This test will show you if you are eligible for the pass.

Can foreigner register a Singapore company?

Yes. foreigners can set up business in Singapore. But they will need to appoint at least one Director who is ordinarily resident in Singapore.

Contact Us Today For No Obligation Discussion And Quote CONTACT US

RELATED ARTICLES


subsidiary company

Quick Guide for Setting Up a Subsidiary Company in Singapore in 2022

A subsidiary is essentially an extension of its parent company, but it’s treated as a separate entity. Another company sets it up to perform a specific function. One example is the marketing or manufacturing of their goods. This business structure is becoming a popular option in Singapore for several reasons. For one, opting for this […]

singapore tourism

Singapore Tourism Industry Outlook for 2022

Singapore has always been considered a top tourist destination for its modern infrastructures, diverse culture, and unique attractions. However, because of the emergence of the pandemic in 2020, the tourism sector has experienced significant drawbacks. It was not until 2021 that the industry started its recovery process. 2021 Tourism Sector Performance Review During the first […]

corporate trends

The Future of Business: 5 Corporate Trends that Will Emerge in 2022

There’s no doubt that the pandemic has affected how businesses are run for the past two years. Everything was modified from their day-to-day operations to their products and services to cater to the new normal. Now, as the new year begins to roll out, companies are expected to undergo further changes due to the ever-changing […]

F&B Business Singapore

A Business Owner’s Guide to Setting Up an F&B Company in Singapore in 2022

As a multicultural country, Singapore is home to diverse cuisines and delicacies. Throughout the years, it has been considered an influential food destination on a global scale. However, with the emergence of the pandemic back in 2020, the F&B industry experienced a pivotal shift in doing business. Many have witnessed significant revenue loss due to […]

Singapore Company Incorporation Resources