Incorporating in Singapore

Singapore: The Land of a million opportunities!

Singapore is one of the best countries in the world for doing business.

As per the World Bank’s Ease of Doing Business survey, Singapore is ranked second place in the world. Along with this, there are other factors which make Singapore business friendly.

There are vary many start-up tax incentives which are offered in Singapore, which can be exploited by any start-up without any difference to local or a foreign business. Singapore has compassionate Foreign Direct Investment policies which allows foreign investment from around the globe. All these factors contribute to Singapore’s widespread popularity in terms of a popular destination for setting up business.

Incorporating a company in Singapore

Singapore is one of those places on earth where you can incorporate a business with ease. There are no restrictions related to foreign investment and number of shareholders. You can incorporate a company in Singapore within minutes as the whole process of incorporation is online.

Along with this, there are no other restrictions related to number of shareholders, minimum number of directors, minimum capital, and residency requirements. A Singapore based company can have 100% foreigners as share holders too.

Minimum requirements

Your company needs to satisfy the following criterias for to register with ACRA:

One shareholder to the minimum.
One resident director or more.
Minimum Capital of S$1.
One Company Secretary on board of your Company.
A physically registered office in Singapore.

Documents required to register with ACRA

For a Company

Shareholder’s Information: Documents such as copy of passport, utility bills (for proof of residency) can be provided.
Director’s Information: Documents such as copy of passport, utility bills (for proof of residency) can be provided.
Registered Business Address: You require to have a registered place of doing business in Singapore.
Memorandum of Association (MOA): It is a document which contains the main activities of the company.
Articles of Association (AOA): It is a document which contains the byelaws and the rules of the company.

For a Foreign National

Copy of the Passport
Address Proof of Your residential Jurisdiction: Utility bills such as electricity or water bills
Passport Size Photo: A recent soft-copy of your passport size photo.

Once you have all the documentation ready, we are good to go with registering your company in Singapore.

Clients who we have worked with recently

Related Services

Along with registration, we also offer the following services for your company

Company Secretary Services

All which comes exclusively with incorporating your company in Singapore.

Opening a Corporate Bank Account

While conducting business in Singapore you need to have a local corporate bank account. We can streamline your bank account opening process as we work with partners such as OCBC, Aspire and HSBC.

Nominee Director

We can assist your company to appoint a local director in Singapore. A nominee director is known as a resident director in Singapore.

Accounting Services

On top of registering your company in Singapore, we offer annual accounting services

GST Registration

Registering with the Inland Revenue Authority of Singapore (IRAS) is only if your taxable turnover of your business is more than S$ 1 million per annum. If your business has escalating revenues or you have a large project upcoming which will secure profits more than a million Singapore dollars, then you have to register with the IRAS for GST.

GST Registration

If you are going to import and export products to and from Singapore, then you have to register with the Singapore Customs (SG Customs).

Have a question? Ask us.

Planning to incorporate your company in Singapore soon.? Please reach out to us. Our expert consultants can help you set up your business and a bank account in Singapore with ease.

Blogs/Insights

Always be updated about what is happening in ASEAN area. Read ScaleX Business's latest blogs and insights from Singapore & other south Asian countries here.