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
○ General Partnerships
○ Limited Partnerships
○ Limited Liability Partnerships
○ Charitable Trust
○ Company Limited By Guarantee
Foreign Company Registering in Singapore
○ Subsidiary Office
○ Branch Office
○ Representative Office
Sole Proprietorship (Find Out More about converting from Sole Proprietorship to Private Limited)
NEW! Variable Capital Company (VCC)
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.
||What to note
||Choose and reserve a name, which is approved by ACRA.
||Must have a minimum of 1 director, who is a natural person*
||Minimum 1 shareholder
||Must have a minimum of 1 company secretary, who is a natural person*
and has requisite experience, academic and professional qualifications.
||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.