Singapore is a very attractive business market for foreign investors. Company registration in Singapore is done with the Accounting and Corporate Regulatory Authority (ACRA). Investors can choose to register the following types of companies in Singapore:
Our company formation advisers invite you to watch the video below in order to find out how to open a company in Singapore:
The registration process for a Singapore company takes very little as it done electronically on the online platform of ACRA. There are two main steps when registering a company with the Singapore Trade Register. The first step is choosing a name for the company and submitting it for approval. Once the name has been approved, the registration file can be submitted with the Company Register in Singapore. The whole process should not exceed two days. Once the Certificate of Incorporation is released, the company must open a bank account with a Singapore bank, obtain certain permits or licenses if it is the case and register for Goods and Service Tax (GST) with the authorities.
After GST registration, companies can also opt for EORI registration in Singapore.
As in other countries there are minimum requirements when registering a business in Singapore. Foreign investors must keep in mind that according to the Company Act in Singapore a company must have at least one resident director, a secretary and private limited companies are allowed to have from one to 50 shareholders. Companies must also have registered offices in Singapore. Foreign investors must request the services of a professional firm if they want to open a company in Singapore.
Our representatives in company formation in Singapore can help you set up a company.
The information and documents to be submitted with the Singapore Trade Register are:
You can rely on our consultants in company formation in Singapore to draft the Articles of Association of your new company.
One of the most important documents issued by the Trade Register in Singapore after a company is registered is its business profile. This document, which is usually issued in electronic format will help the company apply for its business licenses.
A Singapore company’s business profile will contain the following information:
Foreign entrepreneurs opening companies in Singapore are required to appoint a resident to carry out the registration process with ACRA, short from the Accounting and Corporate Regulatory Authority. Our Singapore company formation agents offer full company registration services.
Another requirement for overseas enterprisers is to obtain an entrepreneur pass if they plan to relocate to Singapore and run their business from here. This requirement is not applicable to those opening the company without moving to Singapore. However, the residence permit also allows the investor to act as a company director in Singapore.
Our local company incorporation agents can offer full company registration services, as well as other related services in order for your company to run smoothly. Among these, we remind that you can request the following services:
You can also contact our Singapore company formation consultants for any information regarding company taxation in this jurisdiction. In case you need company registration services in other jurisdictions, such as Montenegro, we can put you in contact with our partner company registration experts.
