Incorporate a Company in Singapore: A Comprehensive Guide
If you are looking to incorporate a company in Singapore, you are making a strategic business decision. Singapore is a global business hub known for its pro-business environment, political stability, and excellent tax benefits. Whether you are a local entrepreneur or an international investor, understanding the new company incorporation procedure in Singapore is crucial to starting your venture smoothly.
Singapore offers numerous advantages for businesses, including low corporate tax rates, robust legal frameworks, and ease of doing business. Foreign investors can also enjoy 100% foreign ownership, making the city-state an ideal destination for startups, SMEs, and multinational corporations.
To successfully register a company in Singapore for foreigners or locals, follow these essential steps:
First, you must choose a company name that is unique and approved by the Accounting and Corporate Regulatory Authority (ACRA). The name must be available and compliant with local guidelines.
Next, appoint directors and shareholders. Singapore regulations require at least one local resident director. Foreigners can appoint a nominee director to meet this requirement.
You must also provide a registered office address in Singapore for your company’s official correspondence. Additionally, appointing a qualified company secretary within six months of incorporation is mandatory.
The minimum paid-up capital for company incorporation is SGD 1. Once you have your required documents, such as the company constitution, shareholder agreements, and passport copies, you can submit them via ACRA’s online portal, BizFile+. The approval process typically takes 1-2 business days.
Registering your business with ACRA is essential for legal recognition. Our professional team at Majer Business Services simplifies the entire process, ensuring compliance with local regulations.
With extensive experience in helping global entrepreneurs, Majer Business Services provides comprehensive support for new company incorporation procedures in Singapore. From advisory services to compliance management, we ensure a seamless registration process for both locals and foreigners.
Contact us today to register your company in Singapore efficiently and successfully expand your business presence in Asia's leading financial hub.