Choose a business structure, such as a Private Limited Company, a sole proprietorship, or a Limited Liability Partnership (LLP) for the Singapore company registration process.
We have made company register in Singapore easy for business entities. Our dedicated team is ready to guide you through every step, from the start to finish to help you set up a company in Singapore. Feel free to get in touch with us and begin the journey of forming your company in Singapore.
An Overview On Company Register In Singapore
Looking to expand your business worldwide? Singapore is an excellent pick. It has excellent investment and trade rules, making it one of the best countries for doing business. When you start a company in Singapore, you need to register your business first. The good news is that company registration in Singapore is easy and doesn’t cost much. This means that company registration in Singapore for foreigners as well as locals is an excellent choice to grow their business. However, if you’re not a Singapore permanent resident, you can’t register a Singapore company directly. You’ll need help from a local expert business to do the new company registration in Singapore. So, if you’re considering of opening a company in Singapore, know that you’re making a wise decision. All you need to do is consult experts like Set Sprout to complete the process of business registration Singapore smoothly.
Types Of Companies In Singapore
Explore the various types of companies in Singapore and find the best business structure for you to start a business in Singapore.
Private Limited Company
In Singapore, a Private Limited Company is similar to a separate business with its own legal identity. This separation ensures that the company’s obligations and financial losses are limited to the owners and directors. Furthermore, the proprietor of this business structure has the right to own property in the company’s name. All private companies in Singapore offer benefits like legal protection and the ability to raise funds for growth.
Limited Liability Company
A limited liability partnership combines the best features of a private companies and a partnership firm. It’s like getting the best of both worlds: you can collaborate with your partners while maintaining your legal identity separate from theirs. This gives you the freedom to collaborate while limiting how much you’re responsible for your partners’ actions.
Subsidiary Company
A subsidiary company in Singapore is like small private limited companies, but it’s owned by another company from outside. This another company might own a little part, like 10%, of the subsidiary. When you set up a company in Singapore this way, you enjoy the same benefits as a regular private company based here.
Branch Office
A branch office is when a foreign company starts a part of its business in Singapore. It does not benefit from specific tax breaks like local private enterprises because it is not from Singapore. If you wish to register a company in Singapore, you must obtain a special permit known as a company incorporation Singapore employment pass, especially if you plan to bring employees with you.
Representative Office
A representative office is a temporary arrangement that cannot last more than three years. Foreign corporations come to Singapore to check things out. They speak with local vendors and conduct market research. To incorporate a company in Singapore like this you will need a company incorporation employment pass. This company structure is ideal for those looking for Singapore company registration from India.
Step By Step Guide To Company Register In Singapore
Choose a unique name for your firm and follow the naming standards established by the Singapore government.
Appoint Directors and Shareholders
Choose at least one director who is over the age of 18 and a shareholder in the company. Foreign individuals and business entities can also be directors and shareholders.
Your company must appoint a company secretary to incorporate a company.
Your company must have a registered address in Singapore. A company without a local address cannot obtain a registration number.
Get all the documents required
Prepare all the documents like AoA, MoA, and Id copies of officers of the company to complete the Singapore company registration.
Open Bank Accounts and Obtain Licenses
Open a corporate Singapore bank account for your firm and, if necessary, apply for any licenses or permits.
If your company's turnover reaches the threshold, you must register for Goods and Services Tax (GST).
You must file yearly reports and financial statements with the Accounting and Corporate Regulatory Authority (ACRA) every year.
Top Things to Keep in Mind for Singapore Company Registration
Here are some vital points that you must follow to incorporate your company in Singapore.
- At least one shareholder is required to register a company in Singapore.
- Shareholders of a Singapore company can be individuals and organizations both.
- You only need $1 to register your company in Singapore. That’s the minimum required money.
- If your company requires additional funds, you can do so at any time. This helps your business grow.
- Both residents of Singapore and Non Singapore residents can apply for the company registration process.
- A director of a company in Singapore must be 18 years old.
- The local director for your company must reside in Singapore.
- Singapore citizens and permanent residents, or someone with an Employment Pass.
- You need to appoint a company secretary to register company in Singapore. However, you must appoint a company secretary within six months.
- Every company must have a local registered address to perform their business activities.
- Choose a company name that is authorized by the Singapore government
Documents Required For Company Register In Singapore
- Learn about the documents required for company formation in Singapore. Discover the basic list of paperwork needed to begin your business journey.
- The chosen name for your company is approved by the government authority of Singapore.
- Details of your Singapore business activities
- The registered address of your Singapore business
- Details of the shareholders and directors
- Details of your company secretary
- ID photocopies for directors, shareholders, and the company secretary.
- Memorandum of Association
- Article of Association
Essential Aspects Of Singapore Company Registration
There are some important factors that companies must consider before registering their Singapore company.
Ability To Grow Your Company
Every company strives to expand over time. A business owner must choose the best strategy to accomplish this goal. You have to figure out which organizational structure will help you to expand into new markets and provide new services.
Liability
It’s a good idea if the law regards the business and the owner as different entities. This way, if the company runs into financial difficulties, it does not have a direct impact on the owner’s personal life. This separation helps limit how much the owner is responsible for the business’s debts.
Singapore Company Registration Cost
If your company is new, you should consider how much money you have to register it in Singapore. This is an important step in registering a company.
Important Points To Consider - Company Register In Singapore
- Must Register With A Unique Name
- Choose a name that isn’t used by another company.
- Avoid Using Restricted Words
- Avoid using language that could lead to confusion between your company and the government or other significant organizations.
- Restriction In A Few Sectors
- To work in Singapore, several businesses require special licenses or approvals. Check if your business type has any specific rules you need to follow.
- Must-Have Registered Address To Work In Singapore
- You will require a physical address to register your business in Singapore.
- Have 1 Local Director At The Time Of Company Registration
- All business entities must have at least one director must be based in Singapore.
Why Choose Set Sprouts For Registering A Startup In Singapore?
If you need help with the process of company registration in Singapore, we’re here to help. We are the most trusted Singapore company registration service provider. Our experienced team of specialists is committed to providing top-notch online company incorporation services in Singapore. Our team of skilled business professionals has vast expertise and insight in a wide range of industries.
Moreover, our Singapore company registration services go beyond just company registration. We can help you with GST Registration, TDS Return Filing, GST Return Filing, ISO Certification, and a variety of other regulatory requirements after your company incorporation Singapore. Our wealth of knowledge and hands-on experience enables us to advise you correctly in the process of Singapore company registration from the start.
Our corporate service providers in Singapore are completely prepared to help you throughout the entire Singapore Company Registration procedure.
FAQs On Company Register In Singapore
You can register a company without immigrating. You can appoint a resident director or engage a professional firm to assist in the company registration process.
In Singapore, both local residents and foreign individuals or corporations can register a company.
In Singapore, registering a corporation normally takes 1 to 2 days if all essential documents are in order and authorized by the authorities.
If you want to register your Singapore company you must appoint a resident director or hire a professional firm.
Yes, every company must appoint a secretary to ensure compliance with regulations and paperwork.
No, Indian licenses are not valid in Singapore. Depending on your business activity, you may need to apply for particular Singapore licenses.
Yes, foreigners can register a company in Singapore by following the criteria for company registration.
