Register Company in Singapore
Ignite the Entrepreneurial Spirit Within You by registering a Private Limited Company in Singapore at just S$699 (Inclusive of ACRA's Fee). Our Incorporation package comes with Free Company Secretary worth $299 & Free Registered Office worth $239 for First Year!REGISTER YOUR COMPANY NOW
Singapore Company Registration
Why Register a Company in Singapore?
Singapore has become an epitome of business for entrepreneurs and investors from all across the globe. The key factors such as strategic location, an honest government, pro-business environment, competitive workforce and progressive tax structure have made the city-state to be a gateway to Southeast Asian Market.
Every year, Singapore witnesses a massive influx of foreign individuals who relocate to the Republic to set up their business in one of the most versatile economies of the world. They often opt for the services of professional incorporation specialists to carry out the process of company registration Singapore effortlessly.
100% foreign shareholding is allowed in Singapore. It serves as a key driver for the ever-growing interest of foreign investors towards the city-state.
When to Incorporate Your Company in Singapore?
You can join the bandwagon of entrepreneurship by registering company in Singapore. The process is fast, convenient and free of red tape hurdles. Take just two simple steps and pave a way towards a business career.
You Just Pay S$699 & Get Below Listed Services
- Company Secretary Free (1st Year)
- Registered Office Free (1st Year)
- Assistance in Determining First Financial Year End for Tax Exemption Benefits
- Checking of company names availability and reservation of the desired name
- Preparation of Singapore incorporation documents such as M&A, Form 45, Form 45B, etc.
- Registration with ACRA by payment of ACRA fees
- Electronic Certificate of Incorporation
- Company profile/extract from ACRA with UEN Number
- Minutes of first board meeting
- Share certificate(s)
- Common seal
- Preparation of company kit
- Bank account opening assistance (FREE for anyone bank in Singapore)
Key Benefits of Singapore Company Incorporation
- Territorial-based Tax Structure- Only Singapore-sourced income is taxable. It comes with a series of benefits including low corporate tax rate capped at 17%, absence of capital gains tax, dividend tax nil, an extensive network of double taxation treaties with more than 70 countries and implementation of full tax exemption schemes for the start-up business.
- Government's Funding Assistance: Plenty of government-backed cash grants, equity programs, incubator schemes are available for start-up companies.
- Strong IP Protection: Singapore implements rigorous laws to protect Intellectual Property Rights of businesses. It is an ideal place for entrepreneurs who have innovative ideas.
- Pro-business Government Policies: Minimal bureaucracy and pro-business policies are playing key roles in building the Republic's reputation as the best place for doing business.
- Skilled Workforce: The city-state has a pool of strongly motivated, talented, skilled and multilingual workforce.
- World-Class Infrastructure: Infrastructure in Singapore is counted as one of the best in the world. An advanced infrastructure is a key to building a highly developed business economy.
Requirements of Company Incorporation Singapore
- Minimum 1 Singapore Resident Director
- At least 1 Shareholder- Entity or Individual
- Minimum Paid-up Capital of S$1
- A Registered Office Address
- At least Company Secretary
- Company Name (Approved by ACRA)
- Memorandum and Articles of Association
Timeline and Procedure Required for Company Registration Singapore
- Company Name Approval is the first step of the registration procedure, and it does not take much time unless referred to approval authority.
- Submission of incorporation documents is made in the second step of Singapore company registration process, and it can be accomplished in a few days as long as the applicant fulfills all the requirements. The timeline may get extended up to 14 days to two months if the application needs to be reviewed by any external authority.
Which Licenses Do You need to Obtain right after Registering a Company in Singapore?
It utterly depends on the type of business activities you are going perform. Upon Singapore company incorporation, not all businesses are required to obtain licenses under the local jurisdiction. A few sections of trade such as restaurant or food hawker, private school, travel agency, import/export, financial services, etc. need to apply for licenses before commencing their business operation.
The process of securing licenses can easily be completed if you refer to the necessary information like specific guidelines, license validity period and eligibility criteria, etc., that the concerned authorities provide on their respective websites. The applicants are advised to strictly follow the instructions of the concerned authorities so as to make the process of license application seamless. Also, make sure to keep essential documents including company’s UEN number, business profile and so on, handy to avoid last minute hiccups.
If your business needs to obtain one or more licenses under the Singapore jurisdiction, you can visit the websites of the agencies (who will issue the licenses) and file the application form online over there. Find the below-stated list of agencies that issue licenses in Singapore. Please note that each of the agency is assigned to issue specific types of licenses based on the nature of the business.
- Council for Private Education (CPE)
- Early Childhood Development Agency (ECDA)
- Health Sciences Authority (HSA)
- Hotels Licensing Board (HLB)
- Housing & Development Board (HDB)
- Infocomm Development Authority of Singapore (IDA)
- International Enterprise Singapore (IE)
- Media Development Authority (MDA)
- Ministry of Education (MOE)
- Ministry of Law (MINLAW)
- Ministry of Manpower (MOM)
- National Environment Agency (NEA)
- Public Utilities Board (PUB)
- Singapore Civil Defence Force (SCDF)
- Singapore Police Force (SPF)
- Urban Redevelopment Authority (URA)