Singapore Company Registration

Company registration in Singapore is easy. We manage the incorporation online and guide you through the process.

Choosing a Business Structure for You

As per ACRA Singapore, we help you to choose a right business structure according to your needs & requirements. 

Singapore Company Registration

Private Company Limited by Shares

A Private Company Limited by Shares (referred to as PTE Ltd. in Singapore) is a Limited Liability Company.

Key characteristics of a Private Company Limited by Shares:

  • Has a share capital (a registered capital)
  • Can have a maximum of 50 shareholders.
  • Shareholders can be individuals and/or corporations.

Sole Proprietorship

A sole proprietorship in Singapore is a business entity that can be owned and managed by an individual, a corporation, or a limited liability partnership.

Key characteristics of a sole proprietorship:

  • It is not a separate legal entity from the business owner.
  • The business owner has unlimited liability, meaning they are liable for all the debts and losses of the sole proprietorship.
  • Legal actions, such as suing or being sued, are carried out in the owner’s name.
Fashion designer to be sole proprietor
Partnership in Singapore

Partnership

A partnership in Singapore is a business model which can have 2 or more shareholders up to a maximum of 20 shareholders.

Key characteristics of a Partnership Company in Singapore:

  • The partnership is not a separate legal entity & partners have unlimited liability.
  • Cannot sue or be sued or own property in firm’s name.
  • Partners personally liable for partnership’s debts and losses incurred by other partners.

Limited Partnership ( LP )

A Limited Partnership in Singapore 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.

Key characteristics of a Limited Partnership Company in Singapore:

  • General partner/s direct the business.
  • Limited partners are only liable for their investments into the business.
  • The LP is not a legal entity and general partner has unlimited liability.
  • Cannot sue and or be sued or own property in the LP’s name.
Founders forming limited partnership firm
company secretary china

Limited Liability Partnership (LLP)

A Limited Liability Partnership in Singapore gives flexibility for the owners to operate the partnership & is considered as a separate entity unlike other business types.

Key characteristics of a LLP Company in Singapore:

  • A LLP is a separate legal entity from its partners.
  • Partners have limited liability.
  • Can sue or be sued in LLP’s name and own property in LLP’s name.
  • The partners are personally liable for debts and losses resulting from their own wrongful actions.

Coming to Singapore to Open a Business?

Foreigners, of any nationality, residing outside Singapore who wants to register any corporation types can apply for an Entrepreneur Pass (EntrePass) provided that they meet the following 2 requirements:

 

    1. Have started, or plan to start, a private limited company that is:
      • Registered with ACRA, with the pass holder owning at least 30% of the company
      • Venture-backed or possessing innovative technologies

 

  1. Meet at least one of the following criteria:
    • You have secured at least SGD 100,000 from a single funding round from investors for any past or current business.

    • The business is or will be backed by an incubator or accelerator that is recognized by the government or internationally renown.
    • You have founded and sold a tech company.
    • Your business holds Intellectual Property (IP).
    • You have a research collaboration in Singapore.

Alternatively you can enter Singapore with or without a Visa, dependding on your nationality.

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.

Complementary Services

We help you prepare with our complementary visa services before starting a company in Singapore

CorpPass or Corporate Access is a digital identity for businesses in Singapore to interact and transact with government digital services of Inland Revenue Authority of Singapore ( IRAS ) , Ministry of Manpower ( MOM ) & Accounting & Corporate Regulatory Authority ( ACRA ). CorpPass is provided to the businesses.

SingPass is Singapore Personal Access account which helps foreigners to transact with government and private sector digital services. It is personal identity account for individuals.

Entrepreneur Pass / EntrePass  & Employment Pass  can be obtained by foreigners who wants to register a company in Singapore. We collect the documents and process it with Ministry of Manpower ( MOM ).

Dependent Pass is provided to the eligible family members of Employment Pass, EntrePass and S Pass Holders. It is suitable for the foreigners who would like to start a company in Singapore and settle with their family.

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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