Setup Company in Singapore

Setup Company in Singapore

How to Get Started to Setup Company in Singapore

"We're experts in Singapore law, taxes, and incorporation requirements so you don't have to be. We'll walk you through the process and make it easy."

The steps to Register a Company in Singapore are:

  • Step 1: Review and understand Singapore's company registration requirements
  • Step 2: Determine corporate structure and collect supporting documents
  • Step 3: Confirm availability of desired company name
  • Step 4: Sign incorporation documents
  • Step 5: Incorporate company and open its bank account

We are a one-stop service provider for all your company's compliance needs including incorporation, immigration, taxation, government incentives, licenses, and more.

Our Corporate Services platform makes the Company Incorporation and its ongoing administration simple.

  • Collaborate with our team
  • Upload documents with a click
  • E-sign documents quickly
  • Track progress of active tasks in real-time
  • Get automatic alerts on compliance tasks and deadlines

Simple Steps to Set Up a New Business in Singapore:

The process can be summarized in 3 simple steps.

1. Choose your business entity

Though options exist, many new companies register with the Accounting & Corporate Regulatory Authority (ACRA) as “private limited companies” due to its scalability. On top of that, shareholders are not liable for debts and losses beyond their share capital.
Designated as such, your company is recognized as a taxable entity.

2. Set up your company

The private limited company is governed by the Singapore Companies Act, and must comply with its laws under ACRA and the Inland Revenue Authority of Singapore (IRAS). Designations include:

  • Company name – Must be approved by the ACRA.
  • Shareholders – Minimum of one.
  • Directors – At least one director must reside in Singapore.
  • Company Secretary – Also must be a Singapore resident.
  • Paid-up capital – At least S$1
  • Registered address – A physical office address is required.

3. Open a bank account

What are the documents required for registering a company in Singapore?

After incorporating, you can open a bank account in Singapore. You may choose from a variety of local as well as international banks.

  • Company Name
  • Registered Address
  • A Description of Business Activities
  • Shareholders Particulars
  • Directors’ Particulars
  • Company Secretary Particulars
  • Memorandum and Articles of Association (MAA).
  • A copy of Singapore identity card (IC) for Singapore Residents or a copy of passport, overseas residential address proof, and other information for foreigners

If the shareholder is a corporate entity, you need to submit a copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association.

For non-English documents, an officially-endorsed translated version is required.

How do I know if my company name is available?

You can get in touch with us for company name availability search.We do the basic due diligence to ensure that identical names are not already registered.

Sanjeev Kamdar

Hi, my name is Sanjeev Kamdar, Partner, KDP Accountants.

With an experience of over 33 years, I would be glad to help you with your requirements

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