Singapore Company Registration Specialist
We provide incorporation and corporate secretarial services

Singapore Company Incorporation FAQs

As the procedure is computerized; a company can be incorporated in Singapore in a matter of a few hours. The completion of the procedure can however take a day or even more depending upon different factors.
Reservation of name
Reservation of a name is essential before the incorporation of the company. If there is no objection to the name that is being proposed, reservation of name can be over within an hour. If however the proposed name is objected to by a third party or the name is sensitive and requires clearance by the authorities, reservation of name can be longer and may take a few days or even a few weeks.
Documents getting signed
If you are a citizen of Singapore living there, signing of documents is instant and very easy. If however you live abroad, ratification of the documents may take much longer because of the logistics involved.
It is not essential to pay a visit to the island nation to incorporate a company. We make sure that your work gets done in a smooth manner by sending you emails and the documents through courier. But it is safer to come over to Singapore to open a bank account as banks in the country ask people to take an interview before an account opening. It becomes far easier and smoother when you have a tete-a-tete with the bank officials. You can have this meeting with the bank officials at our premises. In case you are unable to come over to Singapore, the bank can conduct a phone interview to complete the procedure though this makes the process a bit longer.
All companies have to divulge information about their shareholders and directors and this information remains in the public domain. One can buy this information from the ACRA and if he does not want to reveal his identity, he can ask for the same through further discussion with us.
Yes, the following are the basic requirements for any entity (individual or a group) to incorporate a company in Singapore.

  • There has to be a shareholder though he can be a foreigner or a Singapore citizen.
  • There has to be minimum one director who is a local. He must be over the age of 18 and a natural person, not an entity.
  • Same individual can be both the director as well as the shareholder.
  • The company must have minimum $1 as its paid up capital.
  • There has to be a registered office address in Singapore. P.O Box addresses are not allowed to be used.
  • The company must have a secretary who is qualified for the post.
  • The name of the company has to be approved before its registration.
The most common business structures seen in Singapore are Sole Proprietorship, Limited Liability Partnership and Private Limited Company. One that is most common is private limited company. You can read in detail about these entities in a separate section.
All shareholders and directors of a registered company in Singapore must be over the age of 18.
People can run small businesses in their homes as a part of a scheme called Home Office. This is applicable to businesses being run in HDB properties as well as private properties. However, business owners must take prior approvals from the authorities (URA or HDB as the case may be) before running a business at home.
Yes, a local resident / Director is required for the purpose of satisfying the statutory requirements of the Singapore Companies Act and he must be a Singapore citizen, Singapore Permanent Resident or Singapore Employment Pass holder.
Underthe schemes like Employment Pass and Entrepreneur Pass, you can shift to Singapore to run your business. However, your relocation is subject to approval by the authorities. You can also run the company you have incorporated in Singapore by making visits to the country from abroad whenever you feel it is necessary. You can come over to Singapore as many times as you need and there is no compulsion of a resident visa.
Yes, you can hire the services of foreign nationals provided they get work pass from the authorities. Different employees require different work passes depending upon their skills and industries. There is a quota system in place for such employees except in the case of highly qualified professionals. Your company must not exceed a certain ration in terms of local employees and the foreign nationals.
The Companies Act of Singapore defines EPC(“Exempt Private Company”) as one with less than twenty natural shareholders who are not organizations. If you want to learn more about it, see Exempt Private Limited Company in Singapore.
Every company incorporated in Singapore has to file its accounts annually with ACRA whether audited or not. Unaudited accounts can be filed as long as a private limited company has a turnover that does not exceed S$5 million. Above this limit, all companies have to file accounts that are audited.
All companies in Singapore are regulated by the ACRA though some businesses are regulated by other governmental agencies. If the nature of your business is such that it requires obtaining prior approval, it is mandatory upon you to secure proper licenses before starting the business. Obtaining a license can consume anywhere between 15 and 60 days. You can file for a license only after the formation of your company. Thankfully, a license is required by law for only very few businesses. You can learn more about these licenses through the guide issued by the authorities.
There is a provision that stipulates that foreigners can hold 100% equity in a Singapore Company. There is no restriction upon the nature of business that can be done by foreign nationals in Singapore. There are no special requirements for foreign nationals who wish to start a business in Singapore. This means that that there is no discrimination between a citizen of Singapore and a foreign national when it comes to setting up a business in the country.
There must be at least one local resident as a director in a Singapore company. He must be a citizen of Singapore or must hold an Employment Pass. This pass should have been issued by the same company in which he is the director. Alternatively, he can also be a holder of Entrepreneur Pass from his company. All directors need to be over the age of 18 and natural persons. The requirement of local resident as a director can be fulfilled in many different ways.

  • You have to apply for employment pass or entrepreneur pass when you relocate to Singapore after forming a company. You become a local resident director once you obtain such a pass.
  • You can appoint a local Singaporean as a local resident director if you have such a trustworthy individual as acquaintance.
  • You can even use a nominee to work as a local resident director. This nominee comes from our local director service and we do not ask for any stake in the equity or interfere in the financial matters of the company.
It is possible to create a company in Singapore with a paid up capital as low as S$1. However, there are certain factors that you must keep in mind.
A paid up capital of at least S$50000 is required if you are planning to relocate to Singapore and have applied for an entrepreneur pass.
If you have applied for an employment pass when relocating, there is no minimum capital requirement. However, it is recommended to have a paid up capital of at least S$50000 to increase chances of approval.
There are different minimum paid up capital requirements in cases of businesses that are regulated such as a travel agency, a financial services company, or a recruitment company. There is no concept of authorized capital in the country. You can keep paid up capital in any international currency though authorities prefer it to be in Singapore dollar currency. You are required to pump the paid up capital into the business. You are free to make use of this paid up capital for company expenses whenever required. You are not forced to keep this amount locked in a bank.
If you are interested in keeping paid up capital higher than the requirement of S$1.00, there are two ways of doing it.
Method 1
You can list the paid up capital when incorporating the company. However, be prepared to keep this money in the bank account of the company later on. If you have hired us as company secretary, you will be required to deposit the money with us. We transfer the money into the account of the company after it has been incorporated and the bank account opened. This method is applicable for paid up capitals up to S$100000 only. For higher paid up capital, please exercise method 2.

Method 2

Increase the value of paid up capital after the company has been registered. Start with minimum paid up capital and after opening the bank account, pump up the capital. Maintain documents showing this injection of funds into paid up capital and file them with the authorities. In these cases, we charge a separate fee as we have to prepare the relevant documents and show them to company registrar.
You have to reserve a unique name for your company before it can be registered. If no one objects to the proposed name and it does not exist already, the name gets approved quickly in a very short time period, sometimes in an hour or even less. If you have hired our services, we file the application for name approval before starting the registration proceedings. We are informed by the registrar of the status of our application in a matter of a few hours.
The name gets approved
This is the best scenario and we get down starting the registration procedure.
The name gets referred
This is a scenario when your name application has been sent to government agencies and remains pending till approval. This can happen when the name contains words that indicate a business activity that is regulated in Singapore. Some of these words are bank, media, school, financial etc. You can expect a delay of 1-2 weeks when the application has been referred. You can choose a different name or wait for the outcome of this referral.
The name gets rejected
If the name already exists or someone objects to it, the name can be rejected by the authorities. You have only two options under this scenario. If you feel that there is some mistake and the name should have been approved, you can file an appeal for a review. This appeal processing can take 3-5days. You can also choose to drop the name and suggest an alternative name for your company.
Yes, you cannot open a company without a registered local address. The address must have a physical location and it cannot be a P.O Box address. You can make use of a residential address as the address for your company under home office scheme. However, you must obtain approval from the relevant authority such as HDB or URA to be able to use your home address as your company address.
It is only foreign nationals who wish to set up a company by relocating to Singapore and asking for an employment pass who are required to set up a paid up capital of S$50000. Citizens of Singapore and even foreign nationals who are moving to Singapore under entrepreneur pass are not required to invest S$50000. They can incorporate a company by investing just S$1as the paid up capital.
To become a company secretary, the individual must be a natural person, a resident of Singapore, or a foreign national with a employment pass. He or she must have knowledge of the Company Act of Singapore and experienced enough to become a secretary. An individual who is the only director of a company cannot perform the role of its secretary. A private limited company is exempt from the requirement of accompany secretary unless mandated by the authorities.
It is possible for a company secretary from another country to become a company secretary in Singapore provided he or she is a resident of Singapore.
The total money raised by the shareholders of the company is referred to as the paid up capital. This means that this money is the money received by the company in lieu of the shares it issues to the shareholders. The minimum amount of paid up capital for opening a company in Singapore is S$1.
All companies registered in Singapore are required to maintain accounts of financial transactions reflecting their financial position for at least 5 years after these transactions have been completed.