FAQs for Incorporating a Company in Singapore
At the time of registration, the minimum required investment is S$1.00. However, a minimum paid-up capital of S$50,000 is required when applying for the Singapore Entrepreneur Pass, which is intended for serial entrepreneurs, high-calibre innovators or experienced investors that want to operate a business in Singapore.
Any person above 18 years old who has not been declared bankrupt can register for a company in Singapore, irrespective of nationality.
|Limited Liability Company||Sole Proprietorship||Partnership|
Foreign Corporations can also set up a Subsidiary Company, Branch Office or Representation Office in Singapore.
CLICK to find out more about different business entities in Singapore.
The Incorporation of a New Singapore Company can be completed within a day, even a few hours, with the following information and documents in place and ready:
- Company Name – Approved & Reserved
- Brief Description of Business Activities
- Shareholders Particulars & Proof of Identity
- Directors Particulars & Proof of Identity
- Registered Address
- Company Secretary Particulars
- Memorandum and Articles of Association (MAA)
- Paid-up Capital
A Singapore Company requires at least ONE Director & ONE Shareholder.
- ONE Director must be a Local Resident (Singapore Citizen, Permanent Resident or Employment Pass/Dependent Pass Holder). Corporate Directors are not permitted. A Corporate Service Provider can be appointed as Nominee Company Director.
- A Shareholder who can be a natural person over the age of 18 or a legal business entity. Foreign citizens and/or corporations are permitted to own 100 percent of a Singapore Company.
Every Singapore Company must appoint a Company Secretary within SIX months of incorporation.
- A Company Secretary must be a natural person who is a Singapore Citizen, Permanent Resident or an Employment/Dependent Pass holder residing in Singapore, and not a corporate body, who possesses the requisite experience and is knowledgeable about the Singapore Companies Act.
- A sole Director or Shareholder cannot act as its own company secretary.
- A Corporate Service Provider can be appointed as Nominee Company Secretary.
The nature of your business operation will determine the type of licensing you require. In fact, many types of businesses in Singapore do not require additional licences, besides registering with ACRA.
Some industry-specific permits you may require include:
- Food Shop Licence from National Environment Agency (NEA)
- IN Permit and OUT Permit, for importing and exporting Controlled and Non-controlled goods
- Public Entertainment Licence from SPF, for providing entertainment on premises