How to Register a Company in Singapore for only $699
If you are local or new to the island nation and have opted to start a Singapore company then, you are in for a surprise. It is really easy to set up a Singapore company which is in stark contrast to registering a company in most other jurisdictions.
Singapore authorities have streamlined the process for setting up a new business in Singapore. It has only 2 procedures in it. And, we, at SBS Consulting complete it in 1-3 days. However, the Singapore company registration cost charged are affordable. The promo package includes Free company secretary and local registered office address for the First Year.
Pre-Registration Requirements for Starting a Company in Singapore
To successfully attempt a Singapore company registration, the entrepreneurs have to fulfill the following requirements. They must have:
- At least one shareholder
- At least one local director
- At least one company secretary
- Minimum paid-up capital of S$1
- Registered company name
- Local registered business address for your company
- Memorandum & Articles of Association
Accounting and Corporate Regulatory Authority (ACRA) also acts as the Company Registrar of Singapore. It governs all the companies in registered under its jurisdiction. It is the agency that one applies to get the name of the proposed company approved and then, to register a limited private company in Singapore.
Choosing a Provider for Singapore Company Registration Services
SBS is a one-stop provider of Singapore company registration services. It caters to all sizes and segments including individual entrepreneurs, small and medium enterprises, and multinational companies. The firm provides a detailed overview of company registration in Singapore requirements, procedure, and timeline for registering a Singapore company setup.
We dedicate an incorporation expert to our clients. This professional stays in touch with them and guides them through the process. They handle all the incorporation queries and share valuable insights into the requirements leading to successful company registration.
As with most other jurisdictions, Singapore has a set of initial and ongoing regulatory compliance requirements for starting and operating a company. Therefore, both local, as well as foreign entrepreneurs, are advised to engage an experienced Singapore company registration firm for the purpose.
Singapore Company Registration Process
Singapore company registration process has only two procedures in it. The business owners have to provide duly signed incorporation documents to us and a list of 3-5 names for the proposed company.
Our incorporation expert then starts the process with the Company registrar (ACRA). They check the availability of the company name online and reserve the available name. Then they apply to ACRA for the registration of a new company.
If the new company intends to operate in restricted business domains like Bank, Education, etc., the application gets reviewed by the higher authorities. It may delay the registration process by as many as 2 months.
ACRA wants to maintain the uniqueness of the names of the companies under its jurisdiction. If the company name is improper, confusing, an imitation, or if it is blacklisted, ACRA has every right to rejects it.
After the successful registration of your company, ACRA sends an email to us giving details of incorporation like Company Number, date of issuance, etc. The email serves as the Certificate of Incorporation in Singapore. We can get a hard copy of it, by paying a small fee to the ACRA.
Even after successfully registering clients’ company in Singapore, SBS assists its clients in acquiring business licenses and permits (if required), in opening a corporate bank account in a local bank, and in ordering Company Seal.