Business Incorporation Services for Companies in Singapore
Enjoy a seamless experience with our company incorporation services, ensuring compliance with local regulations while we handle all time-consuming tasks. Focus on expanding your business with confidence when you work with our expert consultants.
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Corporate structure advisory and bank advisory
Why Choose Our Company Incorporation Services?
Comprehensive Business Support
Beyond incorporation, we facilitate your entire company setup, from opening corporate bank accounts with Singapore's leading banks to navigating secretarial necessities to ensure a seamless start for your business.
Expert, Virtual Guidance
Streamlined For Compliance
Our professionals can streamline your business incorporation, ensuring compliance with Singapore's regulations and allowing you to focus on growth while we handle the complexities of company formation.
Business Formation Options
Register Your Business In Singapore
Feeling overwhelmed by the intricacies of incorporating a business? As a leading corporate service provider, you can entrust the complex tasks to our experienced professionals. Our team comprises Chartered Secretaries registered with SIACSA and ACRA-registered filing agents, bringing over a decade of industry experience to the table.
Successful business registration involves strategic planning, understanding compliance obligations, and ensuring the process aligns with your long-term goals. Typically, you'll need a registered business name approved by ACRA, a local business address, at least one local director, and the necessary licenses and permits, depending on your business activities.Â
ACRA's strict due diligence procedures are designed to uphold Singapore's reputation as a global business hub with high corporate governance standards.
With our virtual company secretarial services, we streamline the company incorporation and setup process, ensuring your business complies with ACRA’s regulations and becomes operational in the shortest time possible. Let us navigate the complexities, allowing you to focus on what you do best—running your business.
Business Incorporation
Navigating business and company incorporation in Singapore requires thoughtful planning to ensure a strong foundation for your venture. Here’s a checklist to guide your preparation:
- Determine a suitable business structure (Sole Proprietorship, Partnership, Limited Partnership, Limited Liability Partnership, or Company.)
- Assess market demand, competition, and your business model's potential for success.
- Determine startup costs, funding sources, and projected cash flow.
- Define your ideal customer profile and develop a targeted marketing strategy.
- Understand relevant industry regulations and licensing requirements.
- Consider corporate tax rates and explore available tax incentives.
- Outline your business processes, staffing needs, and required resources.
- Identify potential challenges and develop contingency plans.
- Plan for scalability and future expansion of your business operations.
Corporate Secretarial Services
- Provision of one qualified staff member to serve as the Company Secretary.
- Serving as the Registered Filing Agent for the company.
- Maintenance and continuous updating of the company’s statutory registers and minutes book records.
- Timely reminders of Annual General Meeting (AGM) and Annual Return filing deadlines.
- Preparation of AGM documents.
- Preparation and filing of the Annual Return with ACRA.
- Secure custody of statutory records and the company's seal/stamp.
- General guidance on corporate secretarial matters in accordance with the Companies Act and the Constitution's requirements.
Corporate Bank Account Opening
- We have a strong partnership with Singapore's largest bank, enabling us to assist you in opening an active bank account within one to two months, subject to the requisite documentation and due diligence checks conducted by the bank.
- The entire process can be completed remotely (e.g. through Zoom meetings), and document verification can be done via the bank's downloadable apps.
- Electronic signatures (e.g. DocuSign) eliminate the need for physical signatures.
- Low deposit or minimum balance requirements to maintain a newly established bank account.
- Competitive and affordable bank account opening charges.
Application for Employment Pass/S Pass/Work Permit/Dependant's Pass
- Submission of an application to the Ministry of Manpower (MOM) to set up the Employment Pass Online (EPOL)/Work Permit Online (WPOL) Account.
- Submission of an application to the Central Provident Fund Board to obtain a CPF E-submission number for the EPOL/WPOL application.
- Providing advice on the requirements and eligibility criteria for relevant Work Pass applications.
- Assisting with preparing, reviewing, and submitting Work Pass application forms to MOM.
Registering Business With SCS vs Doing It Independently
| Aspect | Registering Your Business with SCS | Registering Your Business Independently |
| Expertise and Professional Guidance | SCS comprises a team with in-depth knowledge of local regulations, procedures, and best practices, ensuring a smooth and compliant company incorporation process in Singapore. | Requires extensive research and understanding of complex legal and regulatory requirements, increasing the risk of errors. |
| Compliance & Accuracy | With SCS, all documents and processes are reviewed by experienced professionals, ensuring accuracy and full compliance with Singapore’s regulations. | Higher risk of non-compliance and errors due to lack of experience. Potential for delays and penalties. |
| Comprehensive Support | SCS provides end-to-end corporate services, from business incorporation and opening corporate bank accounts to corporate secretarial management. | You’ll need to independently manage each aspect of the business setup, which can be time-consuming and confusing, especially if you’re unfamiliar with the necessary requirements, regulations, or specific processes. |
| Reduced Stress | Experience peace of mind knowing that experts are handling the complexities of your company incorporation and compliance. | It can be a stressful and overwhelming process, especially for first-time entrepreneurs. |
Types of Companies Incorporated
Sole Proprietorship
A sole proprietorship is a business owned and run by one person. It is the simplest and least expensive business structure to incorporate, with minimal regulatory requirements.Â
The owner has complete control over all business decisions and directly receives all profits. However, the owner alone holds liability for all business debts and obligations, which means personal assets may be at risk.
Partnership
A partnership is a business structure where two or more individuals collaborate to run a business. This type of company is relatively easy to establish and offers the advantage of pooling resources, expertise, and capital.
Like sole proprietorships, partners generally face unlimited liability. However, this can vary based on the type of partnership—general partnerships face unlimited liability, whereas limited partnerships offer some partners limited liability.
Private Limited Company
Branch Office
How it Works
Here's a quick overview of the company incorporation process in Singapore:
- Select a Company Name: Choose a unique and compliant name, then reserve it with ACRA.
- Determine Business Structure: Decide on a suitable legal structure, such as Sole Proprietorship, Limited Partnership, Limited Liability Partnership, or Company.
- Define Financial Year-End: Establish your company's financial year-end for accounting and tax purposes.
- Appoint Key Personnel: Appoint at least one resident director, a company secretary, and decide on other key roles.
- Determine Share Capital: Decide on the initial paid-up capital and share allocation among shareholders.
- Establish Registered Office: Secure a local physical address for official correspondence (not a P.O. Box).
- Prepare Constitution: Draft the company's constitution, outlining its rules and regulations.
- Submit Application: File the registration application and all necessary documents to ACRA via BizFile+.
Documents Required for Setting Up Company in Singapore
You will need to prepare the following documents when incorporating a company in Singapore:
- Proof of registered office address in Singapore
- Identification document of directors and shareholders.
- A brief outline of your company's activities and the corresponding SSIC code.
- Signed forms from directors and shareholders confirming their roles.
- Company constitution, which outlines the company's internal management rules.
- Details of the initial share capital.
Not Sure Where to Begin?
Frequently Asked Questions About Business Incorporation
How long does it take to incorporate a company in Singapore?
Do I need to travel to Singapore to incorporate my business?
Can I still incorporate a company in Singapore without a local address?
What are the advantages of incorporating a Singapore Pte. Ltd.?
Incorporating a Singapore Pte. Ltd comes with several strategic advantages for your company:
- Income Tax Exemption: Newly incorporated companies can benefit from a 75% corporate income tax exemption on the initial S$100,000 of taxable income for the first three years of tax filing.
- Low Corporate Income Tax: Singapore offers a competitive corporate income tax rate at a flat 17%.
- Business-Friendly Environment: Singapore consistently ranks among the top global destinations to do business thanks to its stable political environment, clear legal framework, and business-friendly policies.
- Access to Capital: Singapore features a well-established financial market with a diverse range of funding options available to private companies, including venture capital, private equity, and crowdfunding.
What are the key deadlines to be aware of once the company is incorporated?
Once your company has been incorporated, you will have to take note not to fall behind the following deadlines:
- Annual Return Deadline: Within seven months from your financial year-end.
- AGM (Annual General Meeting) Deadline: Within six months from your financial year-end.
- Tax Return Deadline: 30 November of the Year of Assessment.
Should you need assistance, we also provide accounting services and tax services to help your new business stay compliant.
What should I do after the company is incorporated?
You will need to open a corporate bank account to kick-start your company incorporation. If you intend to manage the business personally in Singapore, you will need to apply for an employment pass, which allows foreigners to work legally in Singapore.
As a foreigner, what are the challenges in forming a Singapore company?
You will need a local residential director for your newly formed company in accordance with the Companies Act. To comply with this requirement, we also offer nominee director services.
Explore Our Other Comprehensive Services
Company Secretarial Services
Leverage our expert corporate secretary services to navigate complex ACRA regulations. We manage your filings, maintain accurate records, and ensure your company meets all statutory requirements.
Bookkeeping & Accounting Services
Our bookkeeping and accounting services provide accurate financial record-keeping, timely tax filings, and insightful financial reporting. We help streamline your finances, ensuring compliance and supporting informed business decisions.
Tax Compliance Services
Our comprehensive tax services ensure your company meets all IRAS deadlines and obligations, including accurate preparation and timely filing of your corporate and personal tax returns.
Learn More About Company Incorporation
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Overview of the Incorporation Process for Setting Up a Company in Singapore
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