Why choose Singapore to incorporate your business?
Today, Singapore is one of the largest earning financial and business hub around the globe. It stands at the forefront of the trading market in the Asian market as well. It also provides excellent connectivity with the business trade giants of Asia – China and India. If you want to tackle the Asian market and expand your business, Singapore is highly recommended to be your ideal launchpad for your business incorporation.
Why choose Singapore to incorporate your business?
Today, Singapore is one of the largest earning financial and business hub around the globe. It stands at the forefront of the trading market in the Asian market as well. It also provides excellent connectivity with the business trade giants of Asia – China and India. If you want to tackle the Asian market and expand your business, Singapore is highly recommended to be your ideal launchpad for your business incorporation.
Setting up your business is easy.
We have assisted in managing more than 200 companies in Singapore. Whether you are local or foreigner, you can incorporate within a single day. We are equipped with a wide range of domain expertise that will help you benefit from Singapore’s business grants, tax concessions and pro-business policies.
Setting up your business is easy.
We have assisted in managing more than 200 companies in Singapore. Whether you are local or foreigner, you can incorporate within a single day. We are equipped with a wide range of domain expertise that will help you benefit from Singapore’s business grants, tax concessions and pro-business policies.
Setting up your business is easy.
We have assisted in managing more than 200 companies in Singapore. Whether you are local or foreigner, you can incorporate within a single day. We are equipped with a wide range of domain expertise that will help you benefit from Singapore’s business grants, tax concessions and pro-business policies.
Incorporating with us in 3 easy steps.
We'll collect your details, check company's name availability and advise you on grants, competitor benchmarketing and tax optimization.
We model our operations and services after your business. We build long-term trust and relationships with you and your business with insightful reporting that translates into actionable solutions.
Congratulations on your incorporation! We will provide you with top notch accounting and finance knowledge. Focus on your business as we give you greater clarity and confidence towards rapid business growth.
Incorporating with us in 3 easy steps.
We'll collect your details, check company's name availability and advise you on grants, competitor benchmarketing and tax optimization.
We model our operations and services after your business. We build long-term trust and relationships with you and your business with insightful reporting that translates into actionable solutions.
Congratulations on your incorporation! We will provide you with top notch accounting and finance knowledge. Focus on your business as we give you greater clarity and confidence towards rapid business growth.
Key Incorporation Services We Provide - For your business needs
- New Entity Formation
- Bank Account Opening
- Nominee Director Services
- Group Structure Advisory
- Immigration Services
- Singapore Variable Capital Company (VCC)
Key Incorporation Services We Provide - For your business needs
- New Entity Formation
- Bank Account Opening
- Nominee Director Services
- Group Structure Advisory
- Immigration Services
- Singapore Variable Capital Company (VCC)
Why we're different
We have assisted in managing more than 650 companies in Singapore. Whether you are local or foreigner, you can incorporate within a single day. We are equipped with a wide range of domain expertise that will help you benefit from Singapore’s business grants, tax concessions and pro-business policies.
Why we're different
We have assisted in managing more than 200 companies in Singapore. Whether you are local or foreigner, you can incorporate within a single day. We are equipped with a wide range of domain expertise that will help you benefit from Singapore’s business grants, tax concessions and pro-business policies.
Trusted by our partners
- Business Opportunities In Singapore
Some of the many industries we help
Accounting for
Food & Beverage Industry
Singapore is a famous food capital in Asia. The food services industry plays a vital role in our economy. The industry contributed 0.8% of Singapore’s GDP and employed about 180,000 workers in 2016.
Accounting for
Education Industry
Today there are over 1,200 private education organisations that offer a diverse mix of high quality education services, making Singapore a trusted brand name in this field.
Accounting for
Healthcare/Medical Industry
Singapore has a growing biomedical sciences industry. In 2016, the Singapore government committed to a S$4 billion budget to drive research and commercialisation activities in health and biomedical sciences.
Incoporation for
Food & Beverage (F&B) Industry
Singapore is a famous food capital in Asia. The food services industry plays a vital role in our economy. The industry contributed 0.8% of Singapore’s GDP and employed about 180,000 workers in 2016.
Incorporation for
Education Industry
Today there are over 1,200 private education organisations that offer a diverse mix of high quality education services, making Singapore a trusted brand name in this field.
Incorporation for
Healthcare Industry
Singapore has a growing biomedical sciences industry. In 2016, the Singapore government committed to a S$4 billion budget to drive research and commercialisation activities in health and biomedical sciences.
Accounting for
Technology Industry
Singapore is one of the most wired countries and technologically advanced ICT markets in the world. Many companies embrace technologies and digital transformation to service customers who demand fast, intuitive and seamless services.
Accounting for
Retail Industry
New technology, changing consumer tastes and borderless competition from e-commerce are shaking up the retail industry. Many businesses begin to embrace the "new retail" era to cash in on newfound business opportunities.
Accounting for
Service Industry
The business services sector has grown in importance over the last decade. It contributes a sizeable proportion of the economy and employs a large number of skilled workers and professionals.
Incorporation for
Technology Industry
Singapore is one of the most wired countries and technologically advanced ICT markets in the world. Many companies embrace technologies and digital transformation to service customers who demand fast, intuitive and seamless services.
Incorporation for
Retail Industry
New technology, changing consumer tastes and borderless competition from e-commerce are shaking up the retail industry. Many businesses begin to embrace the "new retail" era to cash in on newfound business opportunities.
Incorporation for
Service Industry
The business services sector has grown in importance over the last decade. It contributes a sizeable proportion of the economy and employs a large number of skilled workers and professionals.
Accounting for
ID/Built Environment Industry
In Asia, Singapore is renowned for its airports, ports, housing, utilities, road and transport infrastructure. According to the World Economic Forum’s Global Competitiveness Index for 2017-2018, Singapore holds the 2nd spot globally in the robustness of its infrastructure.
Accounting for
Real Estate Industry
With Singapore emerging as one of the fastest growing economies in Asia, the property market is heating up and there is a robust demand for both residential as well commercial space. As a result, the real estate agency sector is fast emerging as a lucrative business option.
Accounting for
Marketing Industry
Marketing can be done both online (and offline), it’s a marketing avenue that cannot be ignored especially today. Singapore has the most stable political environment in South-east Asia, offering entrepreneurs and investors a strong sense of security and comfort.
Incorporation for
Interior Design & Build Industry
In Asia, Singapore is renowned for its airports, ports, housing, utilities, road and transport infrastructure.
Incorporation for
Real Estate Industry
With Singapore emerging as one of the fastest growing economies in Asia, the property market is heating up and there is a robust demand for both residential as well commercial space. As a result, the real estate agency sector is fast emerging as a lucrative business option.
Accounting for
Marketing Industry
Marketing can be done both online (and offline), it’s a marketing avenue that cannot be ignored especially today. Singapore has the most stable political environment in South-east Asia, offering entrepreneurs and investors a strong sense of security and comfort.
Over 650 happy clients
Over 650 happy clients
More Questions?
How does it work?
To register a company in Singapore, you need to pay government fees of S$315 for name-checking and application. Singaporeans can apply themselves, and foreigners should hire a Registered Filing Agent (RFA) to apply on their behalf. Both foreigners and locals are required to appoint a qualified Corporate Secretary.
Yes you can, with the assistance of a registered filing agent. Just like a local Singaporean, a foreigner can register a company with 100% foreign shareholding without facing any difficulties. In fact, anyone over the age of 18 years can start a company in Singapore.
Yes you can. You, as a sole proprietor, can incorporate your business, even if you are the only person in your company.
Incorporating a business means turning your sole proprietorship or general partnership into a company formally recognized by your state of incorporation. When a company incorporates, it becomes its own legal business structure set apart from the individuals who founded the business.
Here are the Requirements for Incorporating in Singapore:
Before incorporating a company in Singapore, the business owners should first decide on several things and ensure that certain items are prepared prior to incorporation, namely:
- Company’s desired name
- The company’s principal activities (the company can select up to a maximum of two)
- Company’s directors
- Company’s shareholders
- Registered office
- Company secretary
- Share capital
- Constitution Documents
Pre-Incorporation Criteria for ACRA Registration:
If you want to apply to the Company Registrar of Singapore (ACRA), you will need to prepare for the following incorporation requirements.
- At least one (1) Shareholder
- A minimum initial Paid-up Capital of S$1
- At least one (1) Company Secretary
- At least one (1) Local or Resident Director
- A local registered address for company office
To register your company in Singapore, you’ll need to provide the following documents:
- Company name.
- Brief description of business activities.
- Shareholders’ particulars.
- Directors’ particulars.
- Registered address.
- Company secretary particulars.
A company director must be: a natural person (i.e. a company or business entity cannot be a director). Each Company must appoint a locally resident director. If a company has a locally resident director, the other directors can be foreign directors.
It has to be a place where all communications and notices may be addressed and has to be open and accessible to the public for not less than 3 hours during ordinary business hours on each business day. It has to be a physical office address in Singapore. It cannot be a P.O.
Here is a do to list after company incorporation:
- Choose your company’s Financial Year End for your New Company
- Appoint an Auditor (if required)
- Appoint a Corporate Secretary
- Issue share certificates
- Set up your statutory books
- Set up your accounting system
- Get your business license
- Start your corporate bank account
Upon incorporation, here are your company’s obligations:
- File Estimated Chargeable Income (ECI) with IRAS
- Hold your first Annual General Meeting (AGM) after Incorporation
- File Annual Returns with ACRA
- File C-S/C, the Annual Tax Returns with IRAS
It is easy to register a company in Singapore. With all the required incorporation documents in hand, a commonly purposed business can be incorporated within 1 day. However, in practice, we can register your Singapore business in 1-3 days.
General Questions
Singapore has one of the world’s simplest and most straightforward tax regimes. It levies no tax on capital gains or on dividends received from a business. This makes the country particularly attractive to entrepreneurs who want to incorporate and build a new business.
Singapore has signed double taxation agreements and investment protection agreements with most countries in the world, and has a unified corporate income tax policy for both domestic and foreign companies. For local companies in Singapore, the government also has a strong Corporate Income Tax Rebates and Tax Exemption Schemes: in terms of the latest policy, for new start-up companies (where any of the first 3 YAs falls in or after YA 2020), the first S$100,000 of chargeable income is 75% tax-free; the second S$100,000 of chargeable income is 50% tax-free. Corporate income tax is 17%. In addition, the personal income tax rate in Singapore ranges from 2% to 22%, and no personal income tax is payable on dividends to shareholders. The Singapore tax relief is one of the most attractive conditions for many businesses.
For the latest Singapore Corporate Income Tax details, you can visit the Inland Revenue Authority of Singapore (IRAS) official website by clicking on the following link.
https://www.iras.gov.sg/irashome/Quick-Links/Tax-Rates/Corporate-Tax-Rates/
While there are five options to choose namely sole-proprietorship, partnership, limited partnership, limited liability partnership (LLP) and a private limited (Pte Ltd) company; the last one remains the most popular option as it is the most advanced and flexible business entity.
In general, most banks have the following requirements for opening a corporate bank account in Singapore:
1) Many banks require that the account signatories and majority directors be physically present in Singapore for paperwork signing at the time of opening the company bank account. Some banks may accept the signing of documents at one of their overseas branches or in front of a Notary Public.
2) Typically, the banks would require the documents listed below. Additional documents may be required by the bank on a case-by-case basis.
- Completed Corporate Account Opening Forms (signed by authorized signatories as per the board resolution)
- Board of Directors Resolution sanctioning the opening of the account and the signatories to the account (to be prepared by your company secretary)
- Certified True Copy of Resolution sanctioning the opening of the account and the signatories to the account (most of the banks have their own format and you just need to sign it)
- Certified True Copy of Certificate of Incorporation (must be certified by the company secretary or one of the directors)
- Certified True Copy of Company’s Business Profile from Company Registrar (must be certified by the company secretary or one of the directors)
- Certified True Copy of Company’s Memorandum and Articles of Association (MAA) (must be certified by the company secretary or one of the directors)
- Certified True Copies of Passport (or Singapore IC) and Residential Address Proof of the Directors, Signatories, and Ultimate Beneficiary Owners. If you are in Singapore, just bring the originals and the bank will make a copy.
The Company Law in Singapore mandates that every company must appoint a Company Secretary within the next 6 months after incorporation. The Company Secretary is responsible for ensuring that the company complies with the relevant legislations and regulations.
An official Certificate of Incorporation can be purchased from ACRA. Alternatively, ACRA will issue a Business Profile, which suffices as a certificate of incorporation.
The Accounting and Corporate Regulatory Authority (ACRA) is the regulator of business registration, financial reporting, public accountants and corporate service providers.
Your UEN is your unique business identifier/business registration number. You require your UEN to perform business transactions as most parties/counterparties require that.
Business Profile is a PDF report that provides basic entity information such as registration number (UEN), entity name, business activities, registration date and also information of position holders or business owners. It can be used to verify the entity’s information.
Costs
The first step towards becoming a full‐fledged, operational business in Singapore is to get your business registered with the Accounting and Corporate Regulatory Authority (ACRA) At this point, you’ll have to pay a name approval fee of $15 and a registration fee of $300.
ACRA charges a flat fee of S$15 for company name application, and S$300 for incorporation. This adds up to a total of S$315 for the incorporation process. However, this is only the tip of the iceberg when it comes to running a company.
Incorporating a company through ACRA is just the first step in running your business. Once you’ve successfully registered your company, there are some regulatory requirements that must be complied with under Singapore law.
Some of these compliance requirements include:
- Having a registered office address in Singapore (estimated S$18/month)
- Having at least one Singapore-resident director
- Having a company secretary (tentative)
- Keeping proper financial accounts, tax filing, and records of your transactions (maintained for at least 5 years) (S$1000/ annum)
- Filing of annual returns with ACRA (S$60)
More Questions?
How does it work?
To register a company in Singapore, you need to pay government fees of S$315 for name-checking and application. Singaporeans can apply themselves, and foreigners should hire a Registered Filing Agent (RFA) to apply on their behalf. Both foreigners and locals are required to appoint a qualified Corporate Secretary.
Yes you can, with the assistance of a registered filing agent. Just like a local Singaporean, a foreigner can register a company with 100% foreign shareholding without facing any difficulties. In fact, anyone over the age of 18 years can start a company in Singapore.
Yes you can. You, as a sole proprietor, can incorporate your business, even if you are the only person in your company.
Incorporating a business means turning your sole proprietorship or general partnership into a company formally recognized by your state of incorporation. When a company incorporates, it becomes its own legal business structure set apart from the individuals who founded the business.
Here are the Requirements for Incorporating in Singapore:
Before incorporating a company in Singapore, the business owners should first decide on several things and ensure that certain items are prepared prior to incorporation, namely:
- Company’s desired name
- The company’s principal activities (the company can select up to a maximum of two)
- Company’s directors
- Company’s shareholders
- Registered office
- Company secretary
- Share capital
- Constitution Documents
Pre-Incorporation Criteria for ACRA Registration:
If you want to apply to the Company Registrar of Singapore (ACRA), you will need to prepare for the following incorporation requirements.
- At least one (1) Shareholder
- A minimum initial Paid-up Capital of S$1
- At least one (1) Company Secretary
- At least one (1) Local or Resident Director
- A local registered address for company office
To register your company in Singapore, you’ll need to provide the following documents:
- Company name.
- Brief description of business activities.
- Shareholders’ particulars.
- Directors’ particulars.
- Registered address.
- Company secretary particulars.
A company director must be: a natural person (i.e. a company or business entity cannot be a director). Each Company must appoint a locally resident director. If a company has a locally resident director, the other directors can be foreign directors.
It has to be a place where all communications and notices may be addressed and has to be open and accessible to the public for not less than 3 hours during ordinary business hours on each business day. It has to be a physical office address in Singapore. It cannot be a P.O.
Here is a do to list after company incorporation:
- Choose your company’s Financial Year End for your New Company
- Appoint an Auditor (if required)
- Appoint a Corporate Secretary
- Issue share certificates
- Set up your statutory books
- Set up your accounting system
- Get your business license
- Start your corporate bank account
Upon incorporation, here are your company’s obligations:
- File Estimated Chargeable Income (ECI) with IRAS
- Hold your first Annual General Meeting (AGM) after Incorporation
- File Annual Returns with ACRA
- File C-S/C, the Annual Tax Returns with IRAS
It is easy to register a company in Singapore. With all the required incorporation documents in hand, a commonly purposed business can be incorporated within 1 day. However, in practice, we can register your Singapore business in 1-3 days.
General Questions
Singapore has one of the world’s simplest and most straightforward tax regimes. It levies no tax on capital gains or on dividends received from a business. This makes the country particularly attractive to entrepreneurs who want to incorporate and build a new business.
Singapore has signed double taxation agreements and investment protection agreements with most countries in the world, and has a unified corporate income tax policy for both domestic and foreign companies. For local companies in Singapore, the government also has a strong Corporate Income Tax Rebates and Tax Exemption Schemes: in terms of the latest policy, for new start-up companies (where any of the first 3 YAs falls in or after YA 2020), the first S$100,000 of chargeable income is 75% tax-free; the second S$100,000 of chargeable income is 50% tax-free. Corporate income tax is 17%. In addition, the personal income tax rate in Singapore ranges from 2% to 22%, and no personal income tax is payable on dividends to shareholders. The Singapore tax relief is one of the most attractive conditions for many businesses.
For the latest Singapore Corporate Income Tax details, you can visit the Inland Revenue Authority of Singapore (IRAS) official website by clicking on the following link.
https://www.iras.gov.sg/irashome/Quick-Links/Tax-Rates/Corporate-Tax-Rates/
While there are five options to choose namely sole-proprietorship, partnership, limited partnership, limited liability partnership (LLP) and a private limited (Pte Ltd) company; the last one remains the most popular option as it is the most advanced and flexible business entity.
In general, most banks have the following requirements for opening a corporate bank account in Singapore:
1) Many banks require that the account signatories and majority directors be physically present in Singapore for paperwork signing at the time of opening the company bank account. Some banks may accept the signing of documents at one of their overseas branches or in front of a Notary Public.
2) Typically, the banks would require the documents listed below. Additional documents may be required by the bank on a case-by-case basis.
- Completed Corporate Account Opening Forms (signed by authorized signatories as per the board resolution)
- Board of Directors Resolution sanctioning the opening of the account and the signatories to the account (to be prepared by your company secretary)
- Certified True Copy of Resolution sanctioning the opening of the account and the signatories to the account (most of the banks have their own format and you just need to sign it)
- Certified True Copy of Certificate of Incorporation (must be certified by the company secretary or one of the directors)
- Certified True Copy of Company’s Business Profile from Company Registrar (must be certified by the company secretary or one of the directors)
- Certified True Copy of Company’s Memorandum and Articles of Association (MAA) (must be certified by the company secretary or one of the directors)
- Certified True Copies of Passport (or Singapore IC) and Residential Address Proof of the Directors, Signatories, and Ultimate Beneficiary Owners. If you are in Singapore, just bring the originals and the bank will make a copy.
The Company Law in Singapore mandates that every company must appoint a Company Secretary within the next 6 months after incorporation. The Company Secretary is responsible for ensuring that the company complies with the relevant legislations and regulations.
An official Certificate of Incorporation can be purchased from ACRA. Alternatively, ACRA will issue a Business Profile, which suffices as a certificate of incorporation.
The Accounting and Corporate Regulatory Authority (ACRA) is the regulator of business registration, financial reporting, public accountants and corporate service providers.
Your UEN is your unique business identifier/business registration number. You require your UEN to perform business transactions as most parties/counterparties require that.
Business Profile is a PDF report that provides basic entity information such as registration number (UEN), entity name, business activities, registration date and also information of position holders or business owners. It can be used to verify the entity’s information.
Costs
The first step towards becoming a full‐fledged, operational business in Singapore is to get your business registered with the Accounting and Corporate Regulatory Authority (ACRA) At this point, you’ll have to pay a name approval fee of $15 and a registration fee of $300.
ACRA charges a flat fee of S$15 for company name application, and S$300 for incorporation. This adds up to a total of S$315 for the incorporation process. However, this is only the tip of the iceberg when it comes to running a company.
Incorporating a company through ACRA is just the first step in running your business. Once you’ve successfully registered your company, there are some regulatory requirements that must be complied with under Singapore law.
Some of these compliance requirements include:
- Having a registered office address in Singapore (estimated S$18/month)
- Having at least one Singapore-resident director
- Having a company secretary (tentative)
- Keeping proper financial accounts, tax filing, and records of your transactions (maintained for at least 5 years) (S$1000/ annum)
- Filing of annual returns with ACRA (S$60)
- Holding of Annual General Meetings (AGM) (~S$100)