Company Incorporation Singapore
Singapore has always enjoyed a great reputation as an ideal venue for Business Incorporation due to the following: Strategic location where East meets West. A colourful culture where racial harmony is promoted. The Singapore Government is adamant about withholding political stability. The Pro-Busine
Singapore has always enjoyed a great reputation as an ideal venue for Business Incorporation due to the following:
- Strategic location where East meets West.
- A colourful culture where racial harmony is promoted.
- The Singapore Government is adamant about withholding political stability.
- The Pro-Business policy of assisting investments and entrepreneurship.
- Favourable Tax Regime.
- Liberal Immigration Policies.
- Efficient and Transparent Legal and Corporate Governance.
Singapore Incorporation Requirements
To incorporate your business in Singapore, the following requirements must be met,
- At least one local director has to be a Singaporean, or Singapore PR, or Singapore employment pass holder
- Your business must have at least one shareholder (shareholders do not need to be Singaporean);
- To appoint a company secretary with 6 months from date of incorporation;
- Minimum paid up capital is S$1;
- Incorporation time ranges approximately from 1 day to 5 days depending on time taken for name approval.
Service package
BizCom’s Singapore Company Formation Package
$988
Package includes
- Professional Fees for Incorporating Company
- ACRA Company Name Reservation
- ACRA Incorporation fee
- Common Seal with Company Name
- Members’ Register & Minutes Book
- FREE Memorandum & Articles of Association
- FREE Minutes of 1st Board of Directors Meeting
- FREE Share Certificates
- FREE Business Information Profile
- FREE Resolution to open the bank account
- FREE 1 Round Self-inking stamp
- FREE 1 Year Corporate Secretary Services
- Preparation of Minutes of 1st Board of Directors meeting
- Preparing of Resolutions, Assisting in Opening of Bank Accounts and lodgement of Company Changes
- Preparing Minutes of Annual General Meeting (AGM)(ACRA)
Information Required For Singapore Company Setup:
- 3 Proposed Company Names
- Principal Activities Description (Maximum of 2 activities)
- Address of Registered Office
- Director IC copy (Local)
- Foreign Director Passport copy, Foreign Address and National Identity Card Copy (Foreigners, if Only)
- Shareholder IC Copy (Local)
- Shareholder Director Passport copy, Foreign Address and National Identity Card Copy (Foreigners, if Only)
- Breakdown of shareholding percentage
- Amount of Paid-up capital – Amount to be deposited in the bank, liability of Co., investment by shareholders (Ranges from $1-$10,000)
FAQs
Company incorporation FAQs
The answers below restate the requirements and package details shown on this page.
What is the minimum paid-up capital?
The minimum paid-up capital is S$1.
Is a local director required?
At least one local director has to be a Singaporean, Singapore PR, or Singapore employment pass holder.
How long does incorporation take?
Incorporation time ranges approximately from 1 day to 5 days depending on time taken for name approval.
What does the S$988 Company Formation Package include?
The package includes the professional fees, ACRA name reservation and incorporation fee, company records and seal, listed complimentary documents and services, and the preparation and assistance items set out in the package above.
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