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FAQ

Frequently asked questions

Incorporating a company in Singapore is easy and straight forward. To begin, you are advised to choose your business structure, register your company with ACRA and set up your corporate bank account. Through SIG, we can assist you when it comes to the requirement and regulations.

The timeline needed to register a new company can vary from a few hours to days for non-complicated cases and is subject to Accounting Corporate Regulatory Authority (ACRA) approval. When working with a company secretary the timeframe is primarily determined by how quickly each shareholder and director can send to the company secretary their personal documentation for verification such as a proof of identification and residential address.

There are other factors that are involved such as – the company name, the number of directors, registered office address, number of shareholders, appointing a corporate secretary, resident director, auditor and more. To have an in-depth dive into this whole process, you can contact our professional consultant. The basic requirements are as follows:  

Proposed company name
Nature of business (maximum 2)
Paid up capital
Names of Director(s) and Shareholder(s)
Identity Card (IC) copy (for local) and passport copy (for foreigner) of directors and shareholder
Residential address (proof of address is required, e.g. Phone bill, utility bill. etc)

For foreigners who want to set up a company in Singapore, you need to appoint a local director who must be either a Singapore Citizen or Singapore Permanent Residence (SPR).

If you are a foreigner, you might not be aware of the regulations in Singapore. To understand each and every process can also take up a lot of time so to avoid the hassle, you are advised to hire a company secretary firm SIG who can help with their entire business registration process and also provide services such as nominee director and registered address.

A natural person who has attained the age of 18 years and is not disqualified from acting as a director as specified under the Companies Act Chapter 50 is eligible to act as a Director of a Singapore Company.

Singapore Company can be incorporated with a single director. However, please note that at least one of the directors must be a Singapore local resident (Singapore Citizen or Singapore Permanent Resident).

Yes, it is mandatory to have a Singapore address for your Singapore Registered Company. It must be a place with a physical local address. A P.O. box is not accepted. You may subscribe to our registered address service.

Yes, section 171 of the Companies Act requires a company to appoint a company secretary.

All companies in Singapore must appoint a Company Secretary within six (6) months after its incorporation. Our incorporation packages are already inclusive of secretarial services for one (1) year, therefore our clients can be assured that they will in compliance with this mandatory requirement.

Yes! 100% foreign shareholding is allowed for Singapore registered company. Hence, either foreign individuals or foreign company can own 100% shares of a Singapore company.

Paid-up capital is the total amount of capital invested by shareholders.

  • You will receive a Certificate of Incorporation from the ACRA. They will send you an email to confirm your Singapore company registration.
  • You will receive your own Business Profile (Bizfile). This profile will be the identity card for your new company.
  • You can open a corporate bank account. After you have successfully completed the company registration process, you will be able to open a corporate bank account with any of the banks in Singapore. Be prepared for the passport, NRIC (National registration identity card) and residential address proof of directors, signatories and ultimate beneficial owners. will assist customers to contact the bank to open an account.
  • Apply for a business license if your business requires one. SIG can apply for a special license for you.
  • Register for Goods and Services Tax (GST) if you expect the annual turnover of your business is likely to exceed S$1 million. SIG can register and filing GST for your company.

Yes! After incorporating your Singapore company with SIG, you are notified about due dates. We will inform you about the due dates for all annual compliance matters and annual filing to government authorities. Business owners, shareholders, and directors of the company will receive emails or messages from us in advance.

Hiring SIG to register your company in Singapore will get a qualified professional allocated to you. This expert, will handle your queries about incorporation and assist you in the registration of your company. In future, SIG could assist you or give free consultation or advice you for any changes in corporate structure required.

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