Singaporeans and Permanent Residents can use their Singapore ID to visit BizFin+ portal. Here they can register their Pte Ltd online.
Foreign individuals and corporations must employ a provider of Singapore company incorporation services. These firms can officially interact with the Company Registrar, ACRA on your behalf.
- Firstly, they pay S$15 and register your company's name with ACRA.
- Secondly, they pay S$300, submit your incorporation documents and register your company with ACRA.
These firms also advise you on the post-incorporation tasks that you must take care of before starting your business activities.
A company registered in Singapore is a legal entity. It has the rights of a natural born person. The process through which such a company comes into being and acquires this status is called incorporation. The company has a separate identity from its owners or shareholders.
Yes! A foreign individual can be the director of a Singapore-based company. A company can appoint as many directors as it wants. Singapore does not permit corporate directors.
Anyone, a local or foreign individual, over the age of 18 years can incorporate a Singapore company. They must be able to meet the ACRA's basic pre-incorporation requirements and must not be convicted of any misconduct or bankrupt.
The Company Registrar of Singapore, i.e. ACRA charges fees of S$15 to register the company name and S$300 to register the company. The foreigners cannot self-register their company. They have to appoint an agent for the task.
Depending on the services, they need the actual cost of setting up a Singapore company varies. SBS Consulting's incorporation packages start from S$699. With our promotional package, you get company secretary services and registered office address for FREE for the first year.
Yes! Any foreigner over the age of 18 years can register a company in Singapore. Singapore allows them to own 100% share equity of their company.
An experienced registered filing agent like SBS Consulting can incorporate a Singapore company in 1-3 days. However, if the application for it gets referred to the concerned Ministry, it may take up to 2 months.
If you are opting to incorporate a Singapore company, you should go through the following list of business. You should also search on the internet for something that you will like to offer to your customers to solve their problem. Choose something that you are passionate about; then, it won't be work or a job.
- Accounting Services
- FinTech Services
- Freight and Courier Services
- Digital Marketing
- Aerospace and Aviation Industries
- Clean and Sustainable Energy
- Elderly Care Serice
- Childcare Services
- Fitness Trainer
- Food & Catering Services
- Boat Cleaner
- Computer Repair Service
- Consulting Services
- Financial Planner
- Import/Export Specialist
Singapore is one of the best business hubs. It has a very strong startup ecosystem in the place. The government takes an active interest and supports new companies with accelerator and incubator program. It is easy for a startup to find funding in Singapore.
It offers them various tax benefits, rebates, exemptions like tax exemptions for startup companies to reduce their overhead costs. The Singapore corporate tax is in the range of 0%-17%. The dividends to shareholders are tax-free.
Singapore is an entrepot and serves East and West. It has reliable sea and air connectivity with the rest of the world and emerging markets. It has efficient communication networks which offer great connectivity. It has signed more than 70 trade agreements to simplify cross-border trade.
Normally, an agent can register your company in 1-3 days. Some applications are referred to the higher levels of authority and may take up to 2 months for the approval.