A Step by Step Process

Singapore is a premier destination for foreign entrepreneurs looking to establish their businesses due to its strategic location, pro-business environment, and robust legal framework. This comprehensive guide will walk you through the essential steps and requirements for registering a company in Singapore, making the process seamless and straightforward.

Why Choose Singapore for Company Registration?

• Strategic Location: Situated in the heart of Asia, Singapore provides easy access to major markets.

• Pro-Business Environment: The city-state offers low corporate tax rates, numerous free trade agreements, and a transparent legal system.

• Ease of Doing Business: Consistently ranked among the top countries for ease of doing business, Singapore’s streamlined processes make company registration efficient.

Steps to Register a Company in Singapore

1. Choose a Company Name

   • Unique and Approved: Ensure your company name is unique and not similar to existing names. The name must be approved by the Accounting and Corporate Regulatory Authority (ACRA).

   • Check Availability: Use ACRA’s online tool to check the availability of your desired company name.

2. Decide on the Business Structure

   • Private Limited Company: The most common structure for foreign entrepreneurs, offering limited liability and favorable tax rates.

   • Sole Proprietorship or Partnership: Other options include sole proprietorship or partnership, but these offer less protection and benefits.

3. Appoint Directors and a Company Secretary

   • Directors: At least one director must be a Singapore resident (citizen, permanent resident, or holder of an Employment Pass/EntrePass/Dependant Pass).

   • Company Secretary: Appoint a qualified company secretary within six months of incorporation.

4. Register the Address

   • Local Address: Your company must have a registered office address in Singapore. This can be a commercial or residential address.

5. Prepare Necessary Documents

   • Incorporation Documents: Prepare the necessary documents, including the company’s constitution (formerly known as Articles of Association), signed consent forms from directors and the company secretary, and identification documents of shareholders and directors.

6. Submit Application to ACRA

   • Online Submission: Submit your application and required documents online through ACRA’s BizFile+ portal.

   • Processing Time: The registration process typically takes 1-2 days if all documents are in order.

7. Obtain Business Licenses and Permits

   • Industry-Specific Licenses: Depending on your business activities, you may need to apply for specific licenses or permits. Check with relevant government agencies.

Post-Registration Requirements

• Annual General Meeting (AGM): Hold your first AGM within 18 months of incorporation and subsequently every calendar year.

• Annual Filing: File annual returns with ACRA within one month after your AGM.

• Corporate Tax Filing: Submit corporate tax returns to the Inland Revenue Authority of Singapore (IRAS).

How Move2SG Can Assist

1. Name Check and Reservation: We assist with checking the availability of your desired company name and reserving it with ACRA.

2. Document Preparation: We help prepare and review all necessary documents to ensure they meet ACRA’s requirements.

3. Submission and Follow-Up: We handle the submission of your application and follow up with ACRA to ensure a smooth registration process.

4. Post-Registration Support: We provide ongoing support to help you meet compliance requirements, including AGM and annual filing.

Registering a company in Singapore is a strategic move for foreign entrepreneurs looking to leverage the city-state’s business-friendly environment. By following the steps outlined in this guide and leveraging the support of Move2SG, you can ensure a smooth and successful company registration process. Let us help you establish your business in Singapore and take advantage of the numerous opportunities this dynamic hub offers.

For personalized support and expert advice, please contact us.