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.