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Avail of Registrationwala’s Incorporation services to register your Company in Singapore

To register and operate a Company in Singapore from India, US or Canada, you can avail of Registrationwala’s Company Incorporation Services. Our seasoned experts will provide you with the required assistance throughout the company registration procedure in the Island Nation.

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Process of Company Registration in Singapore

Step 1
Documentation
Step 2
Application Filling
Step 3
Application Assessment
Step 4
Grant of Company Registration in Singapore

Register a Company in Singapore

Singapore, an island nation in Southeast Asia, is rich in culture and heritage. It has been a hub for business activities for ages. In recent decades, Singapore has been on the list of top-growing economies in South East Asia. The island nation's corporate-friendly schemes and technological advancements make it an attractive place for Foreign Investors.

Singapore also has a strategic location in the Southeastern region from a business point of view. This makes the land conducive for trade, foreign exchange, and export-import of commodities. Singaporean Legislation offers the most welcoming investments and trade policies in all of Asia. From tax exemptions to budding start-ups and assistance with various schemes in their formative periods, Singapore has become a mecca for business owners. Let us look into them in detail.

Who issues Company Registration certificates in Singapore?

The Regulatory Authority for Company Incorporation in Singapore is the ACRA, i.e., the Accountability and Corporate Regulatory Authority of Singapore. The ACRA is responsible for regulating the following in Singapore:

  • Business Entities
  • Public Accounts
  • Corporate Service Providers

Benefits of registering a Company in Singapore

We will detail you a variety of reasons for registering your Company in Singapore in this section of the web page:

Singapore has an Economically-strong Nation

Singapore has a well-developed and free-market economy primarily based on the following:

  • Trading
  • Finance
  • Manufacturing

The Island Nation has grown into a developed economy at a fast rate, owing to the judicious use of its resources. Seeing this, many Foreign Establishments have established their businesses in Singapore.

Singapore has a corporate-friendly taxation system

Singapore has a rational tax system, which imposes no tax on the capital gains of the corporate or the dividends obtained from stock investing in a business. This becomes the Lion Town lucrative for budding entrepreneurs wanting to register a new business as Multinationals. Singapore has created a lucrative taxation system in which corporate tax is limited to 0% to 17%. This is relatively lower than the corporate taxes of most developed countries.

Singapore Legislature has provisions for Double Taxation Avoidance

Singapore is in DAA (Double Taxation Avoidance) Agreement with more than 50 nations across the globe. The DAA agreements ensure that all the transactions between Singapore and other countries don't include double taxation. Furthermore, Singapore provides Unilateral Tax Credits for countries that are not in the DAA agreement with Singapore.

Singapore Legislation allows complete Ownership to Foreign Investors

Singapore allows Foreigners to own all of the Company's stock incorporated in Singapore. Singaporean Authority requires no local partners or shareholders from the Foreign applicant. The Authority also puts no restrictions on the amount of capital the Foreign Establishment can bring in from their native place to invest in the Company in Singapore.

Easy Company Incorporation Procedure

The Singapore Company registration procedure is simple and straightforward. It does not require the applicant of any complex paperwork or an official visit to the Authority premises. The entire incorporation procedure has been completely digitized.

Singapore Authorities have fore Start-Up Policies

Singapore has long adopted innovation-friendly policies to promote Start-Up culture in the country. They extend various tax incentives as well as in-kind assistance schemes for pumping start-up operations in the country. The fruits of such progressive policies are ubiquitously available to both local and foreign entities.

As a Developer Country, Singapore facilitates world-class Infrastructure

Singapore has world-class infrastructural facilities which cater to the businesses' logistical demands. A well-supplied public system is a boon for business growth. The current Infrastructure helps improve registered companies' productivity in Lion Town.

Eligibity Criteria for Company Registration in Singapore

In Singapore, there are multiple corporate models which you can adopt for your business registration in the Island Country. We have defined the discussed the different business models prevalent in Singapore in the following sub-headings.

Types of Corporate Models in Singapore

Singapore boasts of three major types of corporate structures in Singapore, along with the Branch and regional office registration:

Types of Corporate Models in Singapore

  • Sole Proprietorship
  • Partnerships
  • Company
  • Branch office, Representative Office, or a Subsidiary of a Foreign Company

Sole Proprietorship in Singapore

  • A Sole Proprietorship is a business model which involves minimal risk.
  • Small-scale businesses in Singapore adopt this business model.
  • Proprietorships are run by individuals.
  • It is a single-ownership affair where the Business is not a separate entity from its owner.
  • The property purchased for Proprietorship Businesses is purchased in the proprietor's name.
  • The business owner is solely liable for all the debts and liabilities related to the Proprietorship.

Partnership Businesses in Singapore

Partnership Businesses in Singapore

Partnerships are business models in which two or more individuals are involved profit-making activities while running their commercial activities. Many business models in Singapore lie in the ambit of a Partnership arrangement. Let us discuss them one by one.

General Partnership Arrangement

  • In a General Partnership, the Business comprises a minimum of two and a maximum of 20 partners jointly working to carry out profit-generating activities.
  • The General Partnership is not a separate legal entity from its member partners.
  • Therefore, all the properties purchased by the General Partnership are not owned in the name of the partnership.
  • All the General Partnership members have unlimited liability against their debts and obligations.
  • The General Partnership's registration validity is of three years.
  • To know the one-time registration fee for a General Partnership in Singapore, connect with the Incorporation Experts at the Registrationwala.

Limited Partnership Arrangement

  • In a Limited Partnership, a minimum of one general partner with unlimited liability and a minimum of one limited partner is required by the ACRA.
  • The Limited Partner's liability is fixed to the amount of capital he infuses into the Limited Partnership.
  • There is no upper limit on the number of member partners in a Limited Partnership arrangement.
  • This partnership structure is adopted for professional business services such as accounting firms, legal consultancies, and more.

Limited Liability Partnership Arrangement

  • An LLP or a Limited Liability Partnership offers the flexibility of a partnership as well as the limited liability feature of a company.
  • Unlike Partnerships, an LLP is a separate legal personality. It is very different from its member partners.
  • Each LLP must have at least two partners.
  • An LLP member partner can be any of the following entities:
    • Natural Person
    • Corporations
    • Partnerships, both General and Limited
    • Other LLPs
  • Every LLP is also required to appoint a manager who must be a resident of Singapore.

Company Registration in Singapore

  • A Company is the most sought-after business model in Singapore.
  • Most foreign investors adopted such a model for expanding their businesses in Singapore.
  • It is a separate legal entity from its members and shareholders.
  • The liability of the members of a Company extends to the amount of their contribution to the Company.

Types of Company Registrations in Singapore

The Companies in Singapore are further divided into the following corporate entities:

Types of Corporate Models in Singapore

Exempt Private Company

  • An Exempt Private Company is a Private Limited Company.
  • Such companies are exempted from fulfilling compliances like annual financial statements in filing their annual returns.
  • Exempt Private Companies enjoy certain autonomy in extending loans to their directors.  
  • Exempt Companies must add 'Pvt Ltd' with their trade names.
  • Exempt companies can have a maximum of 20 shareholders.
  • The shareholders of an Exempt Company must not include a Corporation.

Private Limited Company

  • A Private Limited Company (limited by shares) has a share capital.
  • A Private Limited Company (PLC) must maintain a maximum of 50 shareholders.
  • Such shareholders can include corporations, such as Companies and Partnerships.
  • In a Private Limited Company, the liability of its members is limited to the capital invested in it.

Public Limited Company

  • A Public Limited Company can raise capital from the general public by offering its shares and securities.
  • The Company must register the prospectus with the MAS (Monetary Authority of Singapore)
  • A Public Limited Company can have more than 50 shareholders.
  • A Public Limited Company must attach the 'Ltd.' phrase with its trade3 name.
  • The liability of the Company's members is limited to the capital amount invested by them.

Public Company: Limited by Guarantee

  • Such Public Companies are incorporated for non-profit charitable objectives.
  • Such companies are aimed at the following activities:
    • General Public Interests
    • Trade Associations
    • Charitable Organizations
  • Such Public Companies must attach 'Ltd.' with their trade names.
  • Public companies must not have any share capital
  • Such Companies' liability extends to the guaranteed amount contributed to the Public Company's assets.
  • The guaranteed amount must be specified in the Company's Memorandum.

Companies with Unlimited Liabilities

Companies with Unlimited Liabilities

Private Unlimited Company

  • An Unlimited Private Company is a hybrid company.
  • It comes with or without share capital.
  • The liability of the unlimited Company's members or shareholders is unlimited.
  • Such liabilities can extend to their assets.
  • The members/shareholders can have joint non-limited liabilities.
  • Such companies must attach 'Unlimited' with their trade names.

Exempt Private Unlimited Company

This type of Company has a similar structure to the Exempt Private Company. But here, the members have unlimited liability.

Unlimited Public Company

In this public Company, the liability of the members is unlimited against the Company's debts. Such companies must also attach 'unlimited' with their trade names.

Subsidiary: Of a registered Company

Subsidiary: Of a registered Company

  • A subsidiary is an extension of its parent company.
  • Here the parent company has a separate legal identity.
  • A subsidiary is managed by the Parent Company’s Board of Directors.
  • A Subsidiary can use a different name from the parent company.
  • The activities of a subsidiary company can be the same or different from that of its parent company.
  • A Subsidiary is taxed as a local entity in Singapore.
  • A subsidiary, like its Parent Company, can avail of all the available benefits.
  • A Subsidiary must have at least one Local Manager who is a resident of Singapore.
  • The minimum share capital required to open a subsidiary in Singapore is one Singapore dollar.

Branch Office

Branch Office

  • A Branch Office is an extension of its Parent Company.
  • It is not a separate legal entity from its Parent Company.
  • A Branch Office in Singapore is an extension of the activities carried out by its parent company.
  • A Branch Office survives in perpetuity.
  • The activities of a Branch Office are taxed as an NRE (Non-Resident Entity) in Singapore.
  • The account of the branch office and its parent company must be filed with the Authority.
  • The minimum capital required for opening a branch office in Singapore is one Singapore dollar.
  • A branch office must have at least one manager or a local representative who is a resident of Singapore.

Representative Office

Representative Office

  • A Representative Office or an RO is an interim entity.
  • An RO is used to represent the parent company of Singapore.
  • It represents the Parent Entity in the market for market research purposes and liaison work on behalf of the parent company.
  • To establish an RO in Singapore, the parent company must be in Business for at least three years.
  • Also, the parent company must have a minimum turnover of 250,000 Singapore dollars for RO registration.
  • An RO is not a separate legal entity, but it can be thought of as a temporary administrative office.
  • The name of a Representative Office cannot be changed.
  • An RO must bear the name of its parent company along with the phrase 'representative office' at the end.
  • An RO’s only functions are market research and coordination activities.
  • The Representative Office must appoint a chief representative relocating from the parent company.
  • The minimum capital requirement for representative office registration is one Singaporean dollar.

Documents required for Company Registration in Singapore

The Company registration aspirant must submit the following documents along with the Company Incorporation application to further their candidature with the Authority:

Documents required for Company Registration in Singapore

  • Chosen Name Reservation application form
  • Detailed Description of the offered services by the applicant Company
  • Registered Address of the applicant Company, Must be in Singapore
  • Details of the following management entities of the applicant company:
  • Shareholders
  • Directors
  • Secretary
  • Copy of the Foreigner’s Passport
  • Address Proof of the Foreign applicant
  • Singaporean Representative or Agent’s Singaporean ID
  • Articles of Association of the applicant Company
  • Memorandum of Associations of the applicant Company

Process for Company Registration in Singapore

The applicant must religiously follow the detailed procedure for Company Registration in Singapore enlisted in the following points:

Process for Company Registration in Singapore

  • Choose & Reserve the tradename for the applicant Company
  • Choose the corporate structure for the proposed Business
  • Choose the Financial Year End for the applicant Company
  • Appointment of the Company Executives for Incorporation
  • Estimation of the share capital for the Company Incorporation
  • Choosing the official location of the to-be-incorporated Company
  • Submission of the Company’s Constitution
  • Application Submission for the Company’s Incorporation

Choose & Reserve the tradename for the applicant Company

  • The first step in registering a company in Singapore is choosing an appropriate name and reserving it with the Authority.
  • The applicant company must submit the chosen name to the online portal of the ACRA: BizFile.
  • The Authority will check the availability of the selected name on this portal.
  • After the BizFiler approval, the name will be reserved for the applicant Company.
  • The applicant company must also specify the SSIC Code, i.e., the Singapore Standard Industrial Classification code, depending on the type of commercial activities to be undertaken by the applicant company.
  • After obtaining the name approval, the applicant can proceed further in the registration process.

Note: The applicant must register itself as a Company within 120 days from the date of the name reservation for the Company. After 120 days, the Authority will not reserve the name after that for you.

Choose the corporate structure for the proposed Business

The applicant company must decide the most suitable entity model as per the needs and requirements of the activities it wishes to undertake through that Company. One can choose to register a Company in Singapore from the following business model:

  • Exempt Private Company
  • Private Limited Company (Limited by Shares)
  • Public Limited Company (Limited by Shares)
  • Public Limited Company (Limited by Guarantee)
  • Unlimited Company Model:
    • Unlimited Exempt Private Company
    • Unlimited Private Company
    • Unlimited Public Company

Choose the Financial Year End for the applicant Company

  • In Singapore, the applicant company must choose the financial year-end.
  • It is essential to choose an FYE because the Authority determines the corporate filings as well as taxes that are due to the Company that year.
  • Moreover, Private Companies must hold their AGM within six months after the financial year closing.
  • They must file their annual returns within seven months from the financial year closing.
  • The Singaporean Authority designates the accounting period for the financial year closing as either 12 months or 52 weeks.
  • Most private companies prefer the following dates to choose their FYEs:
    • 31st March
    • 30th June
    • 30th September
    • 31st December

Appointment of the Company Executives for Incorporation

  • Every Company in Singapore must appoint certain personnel before incorporation.
  • The to-be-incorporated Company must appoint at least one director as well as a company secretary. These personnel must be
    • Natural Persons
    • Residents of Singapore
  • The applicant Company must also appoint an auditor within three months of the Company’s incorporation.
  • Exempted Companies must not appoint such entities under the law.
  • The applicant Company must also appoint a CEO to oversee the Company's Business operations.
  • Post the CEO appointment, the applicant Company must file the personal particulars of the CEO with the ACRA.
  • Here, the appointment for the position of Managing Director is optional.
  • Before submitting for the Company’s incorporation, the applicant must submit the following details of the appointment to the ACRA:
    • NRIC
    • Full Name of the Executive
    • Nationality
    • Contact Information (E-mail Address & Contact Numbers)
    • Residential Address Proof
    • After the application submission for Company’s Incorporation, these appointed personnel must endorse their appointments via BizFile.

Estimation of the share capital for the Company Incorporation

  • What is Share Capital? It is the amount of money the shareholders have committed to the Company.
  • The Company can issue the Share capital with or without its full payment.
  • The Company can issue a share capital for a minimum amount of $1 per share at the time of its incorporation.

Choosing the official location of the to-be-incorporated Company

  • The applicant must decide and submit the Company's chosen official address to the Authority.
  • All official communications with the government department will take place at this address.
  • The Company's records and official registers will be kept at the official address.
  • Every registered Company must keep the office open for at least three hours during business hours on business days except for weekends and public holidays.
  • The official address must be Singapore.
  • The Company can conduct its business operations from different locations also.

Submission of the Company’s Constitution

  • The applicant Company must submit a copy of its constitution.
  • The constitution must spell out the regulations regarding governing the Company.
  • It must list down the rights and responsibilities of the following:
    • Directors
    • Shareholders
    • Secretaries
    • Managers

The above-mentioned management entities must also submit their following details:

    • Registered Official Address
    • Activities undertaken by the Company
    • Member’s Liabilities
    • Share Capital
  • The applicant must submit a copy of its constitution to the ACRA at the time of its incorporation.
  • They must keep a copy of the constitution signed by their shareholders at the Company’s registered office address.

Application Submission for the Company’s Incorporation

  • After keeping with the above-mentioned rules, the applicant must submit their company registration application online.
  • The application must be submitted via the BizFile+ portal.
  • On application approval, the Authority will send an e-mail to the appointed officers of the Company for further endorsement.
  • These appointed officers must endorse the application within 50 days from the date of e-mail reception.
  • Within a week or two, the ACRA will issue the Business Registration certificate to the Company.

Our Assistance in registering your Company in Singapore

Our Incorporation experts provide you end to end company formation services in Singapore by assisting you in the following manner:

  • Collecting and organizing the Documents
  • Compiling the necessary documents for registration
  • Reserving the chosen name with the ACRA via the BizFile portal
  • Filing the appointment Notifications of the top personnel for the Company
  • Choosing the appropriate office location for the Company
  • Drafting the constitution of the Company
  • Filing and submitting the application for  business registration in Singapore
  • Obtaining and forwarding the Company License to the applicant

We ensure that your company incorporation services requirements for Singapore are always on time. Our professionals understand the intricacies of company incorporation procedures in Singapore. Thus, we have expedited the process – helping you incorporate your Company at an affordable price.

So, reach out to our Incorporation Experts and realize your dream of starting your own Company in Singapore.

FAQs

Q. How to register a Company in Singapore?

The applicant must religiously follow the detailed procedure for Company Registration in Singapore enlisted in the following points:

  • Choose & Reserve the tradename for the applicant Company
  • Choose the corporate structure for the proposed Business
  • Choose the Financial Year End for the applicant Company
  • Appointment of the Company Executives for Incorporation
  • Estimation of the share capital for the Company Incorporation
  • Choosing the official location of the to-be-incorporated Company
  • Submission of the Company’s Constitution
  • Application Submission for the Company’s Incorporation

Q. What is the procedure for Company Incorporation in Singapore?

To know the procedure for Company Incorporation in Singapore, refer to the process section of this webpage. We have detailed Singapore's entire company registration procedure in that section from an Indian standpoint. To learn more about the Singapore incorporation procedure of Singapore, connect with the Incorporation experts of the Registrationwala.

Q. What are the documents required for the Company Formation in Singapore?

The Company registration aspirant must submit the following documents along with the Company Incorporation application to further their candidature with the Authority:

  • Chosen Name Reservation application form
  • Detailed Description of the offered services by the applicant Company
  • Registered Address of the applicant Company, Must be in Singapore
  • Details of the following management entities of the applicant company:
    • Shareholders
    • Directors
    • Secretary
  • Copy of the Foreigner’s Passport
  • Address Proof of the Foreign applicant
  • Singaporean Representative or Agent’s Singaporean ID
  • Articles of Association of the applicant Company
  • Memorandum of Associations of the applicant Company

Q. What are the eligibility criteria to register a business in Singapore as a Private Company?

The eligibility criteria to register a business in Singapore as a Private Company:

  • A Private Limited Company (limited by shares) has a share capital.
  • A Private Limited Company (PLC) must maintain a maximum of 50 shareholders.
  • Such shareholders can include corporations, such as Companies and Partnerships.
  • In a Private Limited Company, the liability of its members is limited to the capital invested in it.

Q. What are the eligibility criteria for Public Company Registration in Singapore?

The eligibility criteria for Public Company Registration in Singapore are as follow:

  • A Public Limited Company can raise capital from the general public by offering its shares and securities.
  • The Company must register the prospectus with the MAS (Monetary Authority of Singapore)
  • A Public Limited Company can have more than 50 shareholders.
  • A Public Limited Company must attach the 'Ltd.' phrase with its trade3 name.
  • The liability of the Company's members is limited to the capital amount invested by them.

Q. Where can I get the Singapore’s Registered Company list?

At the official website of the ACRA.

Q. What are the eligibility criteria for Singapore Incorporation of an Unlimited Private Company?

The eligibility criteria for Singapore Incorporation of an Unlimited Private Company are as follows:

  • An Unlimited Private Company is a hybrid company.
  • It comes with or without share capital.
  • The liability of the unlimited Company's members or shareholders is unlimited.
  • Such liabilities can extend to their assets.
  • The members/shareholders can have joint non-limited liabilities.
  • Such companies must attach 'Unlimited' with their trade names.

Q. How to register a Company in Singapore from India?

To register a Company in Singapore, refer to the process section of this webpage. We have detailed Singapore's entire company registration procedure in that section from an Indian standpoint. To learn more about the Singapore incorporation procedure of Singapore, connect with the Incorporation experts of the Registrationwala.

Q. What are the provisions for personnel appointment before Business Registration in Singapore?

Every Company in Singapore must appoint certain personnel before incorporation.

  • The to-be-incorporated Company must appoint at least one director as well as a company secretary. These personnel must be
    • Natural Persons
    • Residents of Singapore
  • The applicant Company must also appoint an auditor within three months of the Company’s incorporation.
  • Exempted Companies must not appoint such entities under the law.
  • The applicant Company must also appoint a CEO to oversee the Company's Business operations.
  • Post the CEO appointment, the applicant Company must file the personal particulars of the CEO with the ACRA.
  • Here, the appointment for the position of Managing Director is optional.

Before submitting for the Company’s incorporation, the applicant must submit the following details of the appointment to the ACRA:

  • NRIC
  • Full Name of the Executive
  • Nationality
  • Contact Information (E-mail Address & Contact Numbers)
  • Residential Address Proof

After the application submission for Company’s Incorporation, these appointed personnel must endorse their appointments via BizFile.

Q. How to register an office location before company registration in Singapore for foreigners?

The applicant must decide and submit the Company's chosen official address to the Authority.

  • All official communications with the government department will take place at this address.
  • The Company's records and official registers will be kept at the official address.
  • Every registered Company must keep the office open for at least three hours during business hours on business days except for weekends and public holidays.
  • The official address must be Singapore.
  • The Company can conduct its business operations from different locations also.

Q. Who is the best company incorporation service provider in Singapore?

Registrationwala offers the best incorporation Services for the South-Asian Region. The seasoned Incorporation experts at our disposal can assist you in every aspect of the company registration procedure in Singapore. So, register your basic details with us, and we will connect with you in no time.

Q. How to register a company in Singapore for foreigners?

To register a Company in Singapore, refer to the process section of this webpage. We have detailed Singapore's entire company registration procedure in that section from an Indian standpoint. To learn more about the Singapore incorporation procedure of Singapore, connect with the Incorporation experts of the Registrationwala.

Q. Where can I avail the best Incorporation Services in Singapore?

Registrationwala offers the best incorporation Services for the South-Asian Region. The seasoned Incorporation experts at our disposal can assist you in every aspect of the company registration procedure in Singapore. So, register your basic details with us, and we will connect with you in no time

Q. How to register a company in Singapore from India?

To register a Company in Singapore, refer to the process section of this webpage. We have detailed Singapore's entire company registration procedure in that section from an Indian standpoint. To learn more about the Singapore incorporation procedure of Singapore, connect with the Incorporation experts of the Registrationwala.

Q. What is Singapore’s Company Registration cost?

For determining the cost of incorporating a Company in Singapore, connect with Registrationwala. Registrationwala offers the best Incorporation Services for the South-Asian Region. The seasoned Incorporation experts at our disposal can assist you in every aspect of the company registration procedure in Singapore. So, register your basic details with us, and we will connect with you in no time

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