Singapore Company Registration & Accounting Services

Get your company incorporated online in Singapore with our team of consultants who will guide you through the whole process.

Our Company Formation Services

Online Company Setup

We help you to start your company online from anywhere by complying to rules of ACRA company registration.

Tax & Accounting

Outsource our Tax & Accounting Services in in Singapore with our expert tax consultants.

Company Secretary

We help businesses by complying with the law and manage all tax related tasks

Business Owner Foreigner

End to End Support for Solopreneur to register a company in Singapore

Scale your Business with a team in Singapore as a Microentrepreneur

WFOE registration
Foreign Business Owner

Foreign Companies planning to Setup an Entity in Singapore

How to Setup a Company In Singapore

1. Initial Requirements

To establish a Singaporean company, you must have a minimum of one shareholder, who can either be an individual or another corporation. It’s worth noting that you can have multiple shareholders if needed. However, please be aware that the maximum limit for shareholders in a Singapore private limited company is set at 50. It’s important to highlight that Singapore permits 100% foreign shareholding, which means that all shareholders can be foreign nationals or entities.

You have the flexibility to establish your Singaporean company with a minimal capital of just 1 Singapore dollar. Furthermore, should the need arise, you can augment this capital by infusing additional funds and subsequently informing the company registrar.

Both Singapore-resident and foreign-resident individuals are eligible to serve as directors for a Singaporean company, provided that there is a mandatory presence of at least one director who is a Singapore resident. It’s important to note that corporate directors are not allowed; in other words, the directorship must be held by an individual. In situations where you lack a Singapore-resident person to fulfill the director’s role, you have the option to utilize our nominee director service to meet this requirement. For additional information, please refer to our available local director options for foreign-owned companies.

To operate as a Singaporean company, it is mandatory to designate a company secretary who is a resident of Singapore. The company secretary holds the crucial responsibility of ensuring the company’s adherence to its regulatory duties and the timely submission of necessary filings. When you choose our services for incorporating your company, we will take care of the appointment of a company secretary on your company’s behalf.

For a Singaporean company, it is mandatory to maintain a registered address within Singapore. This registered address serves as the location where all statutory documents of the company must be stored and made available.

Foreign individuals seeking incorporation in Singapore require the assistance of a certified agency. We streamline this process by digitally collecting and organizing all your documents, then sending you the application for electronic signature. Here’s a breakdown of the procedure:

  1. Initiate identity verification, which includes MyInfo Verification for Singapore Permanent Residents. All company directors and shareholders must undergo this process to maintain compliance.

  2. Furnish evidence of your residential address and pertinent company details, such as the share structure for your company’s constitution.

We collaborate with reputable Singaporean banks and payment service providers that offer the convenience of remotely opening a business bank account online. While we facilitate the introduction and presentation of your case to these banks, it’s important to understand that we cannot guarantee the approval of your business account. The final decision always rests with the banks.

Each bank has its unique procedure for opening an account without the necessity of visiting a physical branch. Typically, they conduct Know Your Customer (KYC) interviews through online video conferencing and arrange for couriers to exchange required documents.

The submission of various tax reports throughout the year is a requisite for operating a business in Singapore. Our dedicated accounting team is here to streamline this process for you. They will meticulously organize your documents, compile the necessary reports, and ensure they are filed accurately and punctually. Additionally, we provide guidance on exemption options available to foreign business owners in Singapore.

Online Consultation Session

Book a Free 30 min Online Consultation

We help you pick and customise the process of acra business registration in Singapore in just 30 minutes.

Frequently Asked Questions

This might vary depending on the professional service provider you engage, as the procedures carried out by each provider could differ. Typically, you will be required to provide a notarised identification and address proof of all potential officers of the company, such as the director(s) and shareholder(s). If the shareholder is a corporate entity, the business registration certificate, M&AA, shareholder list and other corporate related documents will be required.

No, you do not need to be physically present in Singapore to register a company. You can appoint a local corporate service provider, TopFDI, to handle the incorporation process on your behalf.

Singapore has a flat corporate tax rate of 17% that applies to both local and foreign companies. However, various tax incentives and exemptions are available for specific types of income and industries, potentially resulting in a lower effective tax rate.

Corporate income tax in Singapore is calculated based on the company’s chargeable income, which is determined by subtracting allowable expenses, capital allowances, and tax incentives from the total revenue.

To form a company in Singapore, you must address the following three things. Choose the right business structure, register your company with ACRA (Accounting & Corporate Regulatory Authority) to legally establish your company’s existence and set up a corporate bank account, if necessary.

After you choose the name of your company, you should decide on the type of company you intend to establish.

The types include:

Private company limited by shares
Exempt private company
Public company limited by guarantee
Public company limited by shares
Unlimited exempt private company
Unlimited private company
Unlimited public company

Then you should decide the end date of your financial year and determine what needs to be filed every year. Besides, it is crucial to appoint secretaries, company directors, and other key staff (ie an auditor within the first 3 months of incorporation) as you organize the shareholders and share capital within your business. You will also have to provide the constitution and registered office address.

Private Limited Company: Private limited companies have less than 50 shareholders and their shares should not be accessible to the public. A private limited company has the most flexible business structure. It is a separate legal entity from its shareholders and directors. It enjoys limited liability, shareholders are not liable for debts that are more than the agreed shared capital. You will need to open a corporate bank account for this reason. You can also freely transfer the ownership of the company.

Sole Proprietorship: Sole Proprietorship fundamentally means there are no partners in the business where the owner can earn all the profits but also bear a higher risk if anything happens. The sole proprietorship is not a separate legal entity from the business owner and all the debts of the business are the personal responsibility of the owner due to its unlimited liability. To register as a sole proprietor in Singapore, you must be a Singapore citizen, Singapore resident, or entrepreneur passport holder.

Partnership: A partnership is a business model which can have 2 or more shareholders up to a maximum of 20 shareholders. The partnership is not a separate legal entity & partners have unlimited liability.

Limited Partnership: A Limited Partnership consists of two or more partners, with at least one general partner & one minimum partner. The general partner has unlimited liability whereas the limited partner has limited liability.

Limited Liability Partnerships(LLP): LLP lets companies operate as partnerships while benefiting from the advantages of a private limited company. LLP is a separate legal entity and partners are not responsible for any loss or liability arising from the business.

Setting up a business in Singapore is relatively simple and straightforward. However, it is advisable for foreigners to engage a registered registration agent, such as TopFDI, to manage the incorporation.

Foreigners can own 100% of the shares in a Singaporean business, but they are required to appoint at least one local resident director (either a Singapore Citizen or a Permanent Resident).

The Singapore Companies Act mandates that all Private Limited Companies must have at least one director who is ordinarily resident in Singapore. This person is commonly known as a local nominee director, nominee director, or local director.

ACRA ( Accounting & Corporate Regulatory Authority ) is the government agency of company registration, financial reporting and corporate services in Singapore.

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