Company Registration Singapore
Why You Should Opt for Singapore Company Registration
Though Singapore lacks in natural resources, it has come up as one of the hottest destinations for the business owners. Its stable government, efficient bureaucracy, pro-business policies, geographical location, etc., all come together to make it a potent place for a new company registration Singapore.
The ‘Red Dot,’ as it is lovingly referred to by its proud citizens, offers one of the most conducive business environment to the new company registration Singapore. It’s progressive tax structure, availability of various tax incentives, grants, and rebates, and the availability of qualified and multi-lingual workforce are also part of its USPs.
Company Registration Singapore
Register your Singapore (Pte Ltd) or Private Limited company with ACRA at only S$699. The cost includes government fees and gets you Free Company Secretary Service worth S$299 & Free Registered Office Address worth S$239(For First Year). Let our incorporation experts take care of company registration for you.
What Do You Get in the Package for Company Incorporation Singapore
Accounting and Corporate Regulatory Authority (ACRA) also acts as the Company Registrar. It is the agency the entrepreneurs need to apply to for their Singapore company registration. Singapore incorporation services assist the business owners in taking care of the task.
We offer a cost-effective promo incorporation package to our clients. It costs you S$699 only. The package offers following services to you:
- Checking of company names availability and reservation of the desired name
- Preparation of Singapore incorporation documents such as M&A/Constitution, Form 45, Form 45B, etc.
- Registration with ACRA by payment of ACRA fees
- Electronic Certificate of Incorporation
- Company profile/extract from ACRA with UEN Number
- Minutes of first board meeting
- Share certificate(s)
- Common seal
- Preparation of company kit
- Bank account opening assistance (FREE for anyone bank in Singapore)
- Assistance in determination of first financial year end of the company to get benefit of full tax exmption
Requirements for Singapore Company Incorporation
- At least one shareholder (maximum 50)
- Minimum initial paid-up capital of S$1
- Minimum one Singapore resident director
- A local registered office address (P.O. Box not valid)
- At least one company secretary
- Company name (Approved by ACRA)
- Memorandum and Articles of Association/Constitution
Timeline and Procedure for the Company Registration Process in Singapore
The Singapore incorporation process is hassle-free. It takes a short time to register a company in Singapore unless the application gets referred to the higher authorities. It may happen when the name of the proposed company contains terms like ‘Bank,’ ‘School,’ etc. It delays the registration of company and may need 14 days to 2 months to complete the process. Some of the business domains are watched over by the Singapore authorities.
The business owners need to complete only two procedures to incorporate company in Singapore.
Checking company name and getting approval for it from the ACRA is the first step. The agency has the rights of rejecting a name.
Applying to ACRA for the company registration Singapore and supplying necessary incorporation documents is the second step.
Checklists for Company Incorporation Singapore
Check List of Pre-Registration Responsibilities
Save on Incorporation Package
Find a registered incorporation agent offering a company incorporation Singapore package with free services like Company Secretary & Registered Office Address, etc.
Proposed Company Name
Select 3-5 names for the proposed company. The agent will check for the availability of one. Singapore company registrar (ACRA) can reject indecent names.
Get Incorporation & KYC Documents Ready
Put together incorporation & KYC documents of all shareholders & company officials & submit it to your agent.
Check List for Registering a Company
Signing Your Incorporation Documents
Visit your incorporation agent. Sign documents for company registration Singapore.
Submitting Application for Company Registration
After getting all details, your agent will then initiate the process with Singapore Company Registrar (ACRA).
After successful registration of your company, ACRA will send incorporation certificate electronically. Its hard copy can be obtained after paying fees.
Checklist for Post-Registration Tasks
Opening of a Corporate Bank Account
Make sure your incorporation agent offers assistance in opening a bank account for your company in a bank in Singapore.
Acquire Business Licenses & Permits
Apply & obtain business licenses and permits before starting your activities.
Starting Business Activities
Before starting business activities, make sure to have a CPF account and to top it up. Check the need of opting for GST registration.
Select a reputed Singapore incorporation service, agent, or corporate service provider as it can really ease the task for you.
Benefits of Incorporation of Company in Singapore
Singapore government has done a great job of establishing a thriving start-up ecosystem for the benefit of budding entrepreneurs. The local company registration Singapore gets access to various grants which goes a long way in helping them in their initial years.
Corporate Income Tax
The corporate income tax in Singapore is a single-tier tax. It works in favor of the investors as the dividends are tax-free. The corporate tax is capped at 17%. Moreover, only the income generated in Singapore is taxed. The start-up Singapore companies qualifies for tax exemption subject to certain conditions. They, for the first 3 years, enjoy the tax-free taxable net income of up to S$100,000.
Singapore has attracted educated and multilingual professionals to its shores. These motivated individuals have enabled Singapore in consistently maintaining the high standards of performance. A large percentage of these individuals are proficient in English which has played a major part in attracting MNCs to this island nation.
Singapore authorities have invested in huge amounts in establishing world-class infrastructure. The entrepreneurs benefit from the reliable communication networks, public transportation, excellent port facilities, air-links to the up-coming regional economies of Asia, etc.
Opting for a company registration Singapore gives entrepreneurs an opportunity to base their business near to the growing Asian markets. That is why, every year, a large number of SMEs and MNCs relocate their offices Singapore.
Our Regular Company Incorporation Fees
Private Limited Company
S$699 one time fee
Foreign Subsidiary Company
S$699 one time fee
What Our Clients Say
Mr. Venkat Krishnan
It was a wonderful experience. SBS Consulting assigned a dedicated resource to oversee the registration my Singapore company. They answered all my questions and found solutions to the difficulties. Yes, I am going to recommend them to my friends and associates.
Mr. Jean Lee
It was a pleasure working with accountant assigned to me by SBS Consulting. The firm really delivers what it promises. They took care of the annual filing of my small firm. There was no mistakes and no delays. It was my first interaction with SBS, and I am going to use them again.
Mr. Alan Tan
Recently, I outsourced payroll processing for my business to SBS Consulting. Then, I realized what a stress it was. I was spending too much time on it. For the first payroll (under SBS supervision) I was a bit worried as I did not know whether they will be able to handle it or not. But it just went smooth. No complaints from any of my employees.