Singapore Company Incorporation
Setup a Company in Singapore

Setting up a company in Singapore

Singapore is a sovereign city-state and island country in Southeast Asia and is known for its business-friendly environment, stable political and economic climate, and strategic location. The process of company formation in Singapore typically includes the following steps:

  1. Choose a company name: The name must be unique and not similar to existing companies.
  2. Register the company: This step involves submitting the necessary documents, such as the memorandum and articles of association, to the Accounting and Corporate Regulatory Authority (ACRA).
  3. Obtain a business license: Depending on the type of business, a specific license may be required from the relevant government agency.
  4. Register for taxes: All companies in Singapore are required to register for taxes, including GST and corporate income tax.
  5. Open a bank account: To start business operations, a company must open a bank account in Singapore.
  6. Appoint the directors: The directors are responsible for the company's management and must be appointed by the shareholders.

It's important to note that the process of company formation in Singapore may take several weeks, and it's recommended to seek the assistance of a local lawyer or accountant to ensure that all the legal requirements are met.

Overall, Singapore offers a stable political and economic environment, and its strategic location in Southeast Asia provides access to a large market and the ability to conduct business with other countries in the region. The country is also known for its business-friendly environment, low taxes, and highly skilled workforce making it an attractive destination for company formation. Additionally, Singapore is a member of the World Trade Organization (WTO) and has a network of double taxation agreements (DTAs) and free trade agreements (FTAs) with various countries, which makes it a popular destination for international business.

Singapore offers a variety of company structures that are suitable for different types of businesses and investment activities. These include:

  1. Sole Proprietorship: This is a type of business that is owned and run by one person. It offers the owner full control and flexibility, but also full responsibility for the business's debts and liabilities.
  2. Partnership: This is a type of business in which two or more individuals share ownership and management responsibilities.
  3. Limited Liability Partnership (LLP): This is a type of company that offers limited liability protection to its partners, and it can be used for professional services such as law and accounting firms.
  4. Private Limited Company (Pte Ltd): This is the most common type of company in Singapore, it offers limited liability protection to its shareholders, and it is required to have at least one shareholder and one director.
  5. Public Limited Company (Ltd): This is a type of company that is similar to a Private Limited Company, but it can offer shares to the public and is required to have at least two shareholders and two directors.
  6. Branch office: Foreign companies can also set up a branch office in Singapore which is an extension of the parent company and is legally and financially separate.

It's important to note that each type of company has its own legal and financial requirements, and it's recommended to seek the assistance of a local lawyer or accountant to ensure that the chosen structure is appropriate for your business and that all the legal requirements are met.

Register your Singapore company in 3 easy steps

1
Select Package

Select the package that is right for you. We have a range of different options.

2
Company Details

Quickly fill in your company details and let us take care of the rest.

3
Checkout

Proceed to checkout. You will also have the option to add additional services.

Frequently asked questions (FAQ)

Everyone has questions forming a corporation or LLC. You are not the only one. Therefore we have put together this FAQ page to address the most important issues.

See below for the questions we hear the most, and read the answers you need to know. If you don’t see your question below, please call or email us.

What is the process for forming a company in Singapore?
What are the benefits of incorporating a company in Singapore?
What are the requirements for directors and shareholders of a Singapore company?

Learn more

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