//Registering a New Company in Singapore
Registering a New Company in Singapore2018-08-31T11:36:54+00:00

Registering a New Company in Singapore

Singapore is gaining traction in being known as a ‘Startup Hub’ for having Business-Friendly Policies, Double Taxation Avoidance Agreements, Public Infrastructure and Stable Politics. If you understand the fundamental steps to incorporate your company, starting a new business and having it setup can be a smooth and quick process.

There are many options that exist, each business structure is unique and should be chosen based on your business needs and approach.

◾ Private Limited Company

◾ Partnerships
○  General Partnerships
○  Limited Partnerships
○  Limited Liability Partnerships

◾ Non-Profit Organization
○  Societies
○  Charitable Trust
○  Company Limited By Guarantee

◾ Foreign Company Registering in Singapore
○ Subsidiary Office
○ Branch Office
○ Representative Office

◾ Sole Proprietorship

For a more comprehensive breakdown and comparison on the different business structures click here.

One of the most popular business structure is a Private Limited Company, which is governed by the Singapore Companies Act and reporting is done with ACRA.

Requirements What to note
Company Name Choose and reserve a name, which is approved by ACRA.
Director Must have a minimum of 1 director, who is a natural person*
Shareholder Minimum 1 shareholder
Company Secretary Must have a minimum of 1 company secretary, who is a natural person*
and has requisite experience, academic and professional qualifications.
Paid-up Capital Minimum S$1
Registered Address An office address is required.
*A natural person refers to somoene who is a Singapore resident, Permanent Resident or holding an EP pass.
** This business structure is meant for Private Limited Companies.

Upon incorporating, you can open a bank account. You can choose from a variety of local as well as international banks.

For a breakdown and comparison on the banks available, for your business click here.

Company Incorporation

from only S$880
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