company incorporation

There are so many factors, including the pro-business attitude, that contribute to the Singapore's status as the Financial Hub of Asia.

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Singapore Business Formation

Why Open a Company in Singapore?

The unique selling points of Singapore as an investment destination are lower tax rates, a pro-entrepreneur attitude of the authorities, negligible corruption, and the political stability. These attributes of the Singapore attracts hoards of entrepreneurs interested in new Singapore company setup.

  • The provisions of Company Law of Singapore allow the Singaporeans and permanent residents to self-register their companies.
  • The foreigners need to take assistance from the Singapore incorporation services.
  • The online incorporation process needs SingPass ID to login on the BizFile web portal made available by the Accounting and Corporate Regulatory Authority (ACRA).
  • By submitting the required company incorporation documents to the ACRA, it is possible to register a company in 1 – 3 days.

Singapore Company Incorporation Package

  • Our Singapore Company Incorporation Package is cost effective. We charge one-time incorporation fee of S$699.
  • We also offer Company Secretary Services, at S$499/year and registered office address, at S$399/year to our clients.
  • If you appoint us to incorporate your private limited company, you get 40% discount for the first year on the fees charged for company secretary services.

Know what our do for you. We,

  • Apply and get the name of your company approved from ACRA
  • Submit application to ACRA to get your company registered
  • Provide assistance in preparing Company Memorandum & Articles of Associations
  • Transfer company’s share certificates in the name of shareholders
  • Send for Corporate Common seal and stamps
  • Provide email form of the Certificate of Incorporation sent to us by ACRA
  • Attend and provide minutes of the first board meeting of your company
  • Assist in opening a corporate bank account in the local branch of the Singapore bank

Pre-Incorporation Requirements

  • At least one Singapore resident director    
  • At least one shareholder – individual or corporate
  • At least one Singapore resident company secretary
  • Minimum initial paid-up capital of S$1
  • Registered local address for company’s office

Main Features of the Singapore Business Incorporation:

  • The range of Singapore corporate income tax is 0% – 17%. Singapore taxation system is territorial based. The income generated in Singapore is taxed.
  • The foreign-sourced income not brought into Singapore is tax-free
  • Singapore offers 100% of corporate tax exemption to the start-up companies on their chargeable income of up to S$100,000. These companies also receive 50% corporate tax exemption on their next, chargeable income of up to S$200,000.
  • Company’s chargeable income above S$300,000 is taxed at 17%.
  • Singapore applies no tax on the capital gains like dividends distributed by the company to its shareholders.
  • There is no inheritance or wealth tax.

Foreigners choosing to Setup company in Singapore

  • Foreigners need to appoint a local resident director if they are not relocating to Singapore.
  • The foreign individuals relocating to Singapore need to apply and acquire Employment or Entrepreneur Pass (EntrePass).

Documents Required for Singapore Company Incorporation

  • Singapore company name that is approved by ACRA
  • Brief business plan
  • Directors’ particulars and passport
  • Shareholders’ particulars and passport
  • Company Secretary particulars
  • Memorandum and Articles of Association

Timeline and Procedures of Singapore Company Formation

Singapore incorporation process consists of only two procedures. It takes, in normal circumstances, only 1 – 3 days.

  • Company Name Approval (1 hour)
  • Application to Register a Singapore Company (1 – 3 days)