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Company Registration in Singapore

Get started with your Singapore company registration.

With one of the fastest growing regional economies, Singapore’s development has led to the country’s recognition as a global financial hub. With a low-tax regime and an openness towards foreign investment, company registration in Singapore has gained in popularity. With Singapore Company Law being incredibly commercially minded, the country has seen many entrepreneurs and multinationals utilize the country as a vehicle for their cross-border businesses.

Our services include: 

  • Company name search and reservation
  • Provision of a registered address
  • Provision of a company director
  • Company registration application assistance
  • Bank account opening and relevant post-incorporation maintenance services
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We offer a unique delivery model with technology that enables us to provide an unrivalled service which has successfully supported more than five hundred companies.

Benefits of Singapore Company Registration

  • Singapore company law is modern, flexible and commercially minded 
  • Singapore allows 100% foreign ownership of a Singapore incorporated company
  • Singapore government adopts a very pro-growth and innovation friendly policies aimed towards startups and entrepreneurs
  • Singapore’s geographic location makes it a strategic location for conducting business in Asia
  • Inexpensive and quick company registration process

Singapore Company Registration Requirements

Company registration in Singapore is simple with minimum requirements. Singapore company set up only requires a company to have at least one shareholder (who can be a local or foreign individual or company). In addition, at least one company director and one company secretary must be appointed with both positions requiring the individual to be a resident of Singapore. 

Furthermore, for company registration purposes, a Singapore company must provide a local physical registered address in Singapore which can be provided by a third-party service provider. Lastly, the minimum registered capital required for Singapore company formation is one dollar in the currency of the shareholder’s choice.

Annual Maintenance

  • Every Singapore company must maintain sufficient accounting records which are to be properly audited each year
  • An annual return must be filed with Singapore’s Accounting and Corporate Regulatory Authority (“ACRA”) each year 
  • Singapore companies must file annual tax returns to the Inland Revenue Authority of Singapore (“IRAS”)
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FAQs

Can I use a residential address as my company address in Singapore?


Yes. Under Singapore’s Home Office Scheme a residential address may be used in the Singapore company registration process. However, prior approval must be obtained from Singapore’s Housing & Development Board or the Urban Redevelopment Authority before company registration may begin.

Are there any business activities that a Singapore company is prohibited from engaging in?


No. However, while there are no restrictions on the type of business activities that a Singapore company can engage in, certain business activities such as those related to financial services or education will require licenses from Singapore authorities before business can commence.

Can my company director also take on other roles within my Singapore company?


Yes. To the extent that the individual in question is not the sole director of the Singapore company and meets the requirements to act as its company secretary, then the company director may hold both positions.

I’m a foreigner, do I need to be present in Singapore to complete my company registration process?


No. There are no nationality restrictions regarding who can start a business in Singapore. In addition, with the help of a professional service provider like FastLane, you can complete your Singapore company registration processes online!

How long does it take to register a company in Singapore?


The process of setting up a company in Singapore can be completed within a day. However, if the logistics of the Singapore company registration process have not been completed, such as collecting and preparing necessary documents, the company registration process may extend to a few days.

What is the business registration cost in Singapore?


ACRA charges a total fee of SGD 315 for Singapore company registration. This includes a fee for name approval of SGD 15 and registration fee of SGD 300.

What is the process of setting up a company in Singapore?


Please refer to our blog for more details on Singapore company registration process.

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