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Incorporate Your Business In Singapore

Singapore has emerged as one of the most attractive destinations for businesses to incorporate in recent years. The city-state’s pro-business policies, world-class infrastructure, strategic location, and skilled workforce have made it a top choice for companies looking to expand their operations in the Asia-Pacific region.

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Incorporate Your Business In Singapore

How Can We Help You?

How Can We Help You?

Starting a business can be exciting yet intimidating for many entrepreneurs.

Let our team of experienced accountants and experts guide and advise you the different types of business entities that can be formed in Singapore and which one fits your business need best.

Our experts have proven track record, procedural knowledge, and great enthusiasm to ensure the best company setup experience. With our professional help, you can register your desired company in as short as 1 day. We take care of the full spectrum of your business setup in Singapore from the very beginning till the end.

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Why Our Clients Choose Us To Incorporate Their Businesses

Why Our Clients Choose Us To Incorporate Their Businesses

Why Our Clients Choose Us To Incorporate Their Businesses
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Expertise

Our team of experts has years of experience in the field of business incorporation. We understand the nuances of the process and can guide you through it with ease. We stay up-to-date on the latest regulations and laws to ensure that your business is incorporated correctly and efficiently.

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Personalized service

Our team of experts has years of experience in the field of business incorporation. We understand the nuances of the process and can guide you through it with ease. We stay up-to-date on the latest regulations and laws to ensure that your business is incorporated correctly and efficiently.

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Efficiency

We understand that time is money, and that’s why we focus on delivering fast and efficient services. Our team works diligently to ensure that your business is incorporated quickly and accurately.

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Customer Support

We understand that the incorporation process can be confusing and overwhelming, which is why we offer excellent customer support to our clients. Our team is available to answer your questions and address your concerns throughout the process. We pride ourselves on providing exceptional customer service and support.

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Affordability

Starting a business can be expensive, and we believe that the incorporation process shouldn’t add to your financial burden. That’s why we offer competitive pricing for our services, without compromising on quality. We believe that every business should have access to affordable and reliable incorporation services.

Standard Requirement

Standard Requirement

  • There must be at least one shareholder and director who are both of age of 18 years to set up a company. The director has to be a resident of Singapore.
  • A company secretary has to be appointed within 6 months from the date of incorporation
  • Must have one registered office address in Singapore. Your company name must be approved by ACRA

Different Types of Business Entities

Private Limited Company

Private Limited Company is considered a separate legal entity from its shareholders or directors. This means that the personal assets of the shareholders and directors are protected from any business risks.

Pros:

  • Considered a separate legal entity from the shareholders
  • Commonly considered a more formal form of business entity
  • Transferring ownership is easier
  • Perpetual succession – The legal existence of a Private Limited Company is not dependent on the continuity of its shareholders, directors or members
  • Tax exemption – 75% exemption from the first $100,000 of its chargeable income for the first 3 consecutive years; further 50% exemption on the next $100,000 chargeable income

Cons:

  • More complex to set up
  • More on-going compliance obligations
  • More complicated process in winding up

Limited Liability Partnership (LLP)

A limited liability partnership (LLP) is a type of business entity that requires a minimum of 2 individuals to form. It confers limited liabilities protection to the partners, similar to that of a private limited company.

Pros:

  • Low set up cost
  • Limited liabilities protection as partners are considered separate legal entities from the LLP
  • Fewer compliance obligations as compared to private limited companies
  • Perpetual succession – similar to that of a private limited companies

Cons:

  • Taxed at personal income tax rate up to a max of 22% as compared to corporate income tax rate up to a max of 17% payable by private limited companies
  • ransfer of ownership is more complicated than a private limited company

Sole Proprietorship

A sole proprietorship is formed with a just a single owner. He / she is solely responsible for the profit and loss of the business and has the sole authority to make decisions for the business. In a sole proprietorship, the owner and his business are not legal separate entities. This implies that the sole proprietor is personally liable for the debts or losses incurred by the business.

Pros:

  • Low set up cost
  • Sole decision maker
  • Less statutory compliance obligations as compared to other types of business entities
  • Does not need to file annual returns as income is taxed at personal individual level

Cons:

  • ransfer of ownership is more complicated than a private limited company
INCORPORATION PROCESS

Start Your Journey With Us, Simple And Fast.

  1. 1

    Complete Our Online Form And Return It To Us Information You Have To Get Ready Includes:

    Complete our online form and return it to us Information you have to get ready includes:
    • Your company name
    • Director / Shareholder information
    • Description of business activities
    • Intended Paid up capital
  2. 2

    We Review Your Form

  3. 3

    We Contact You Within 1 Working Day

Local Incorporation

Make your incorporation an easy breezy process with SGAA. Select the right package today to commence your entrepreneurial journey.

PRICING

S$1000 Onwards

Local Incorporation

I Have Incorporated My Company? What’s Next?

Congratulations, you are set to start your entrepreneurial journey. Next, you would need to take a couple of actions more so that your company stay compliant.

Appoint A Company Secretary

Appoint A Company Secretary

Under Singapore law, every company must appoint a company secretary within six months of incorporation. The company secretary is responsible for ensuring compliance with legal requirements and maintaining the company’s records. You can either hire an in-house company secretary or engage a professional services firm to provide this service.

Hold Annual General Meetings (Agms)

Hold Annual General Meetings (Agms)

All Singapore companies are required to hold an AGM within six months of the end of their financial year. During the AGM, directors are required to present the company’s financial statements to shareholders and shareholders have the opportunity to ask questions and raise concerns.

Comply With Taxation Regulations

Comply With Taxation Regulations

You will need to comply with Singapore’s tax regulations, including registering for GST (if applicable), filing annual tax returns, and paying any taxes owed.

Keep Accurate Records

Keep Accurate Records

You must maintain accurate and up-to-date records of your company’s financial transactions, including accounting records, minutes of meetings, and registers of members and directors.

File Annual Returns

File Annual Returns

You must file an annual return with the Accounting and Corporate Regulatory Authority (ACRA) within one month of holding your AGM. The annual return provides updated information about your company, such as the names and addresses of directors and shareholders.

Testimonial

Hear what our customers have to say about us.

Ashraf

“I can’t say enough good things about SGAA. They made the incorporation process a breeze and were always available to answer any questions I had along the way. Their attention to detail and commitment to customer satisfaction is second to none. Highly recommend!”

Ashraf

Entrepeneur

Chopra Quti

“I recently used SGAA’s incorporation services and I was blown away by how easy and seamless the entire process was. The team was extremely helpful and knowledgeable, and they walked me through every step of the process. I highly recommend this company to anyone looking to incorporate their business!”

Chopra Quti

Cotton Candy Ice Creams

May Lee

“I was really impressed with the level of customer service I received from SGAA. They were always available to answer my questions and were very patient and understanding throughout the entire process.”

May Lee

Spa R Us

Frequently Asked Questions

Requirement

What are the minimum requirements to incorporate a company in Singapore?

The minimum requirements are at least one shareholder, one director who must be a resident of Singapore, a company secretary who must also be a resident of Singapore, and a registered office address in Singapore.

Is it necessary to engage a local incorporation service provider?

It is not necessary to engage a local incorporation service provider, but it is recommended to ensure compliance with all regulatory requirements.

What is the minimum paid-up capital requirement for incorporating a company in Singapore?

The minimum paid-up capital requirement for incorporating a company in Singapore is SGD 1.

What are the types of business structures available for incorporation in Singapore?

The types of business structures available for incorporation in Singapore are sole proprietorship, partnership, limited liability partnership (LLP), and private limited company.

What are the documents required for incorporating a company in Singapore?

The documents required for incorporating a company in Singapore include the company constitution, details of shareholders and directors, registered office address, and identification documents of the shareholders and directors.

What are the requirements for a registered office address in Singapore?

The registered office address in Singapore must be a physical address and cannot be a P.O. Box. It must also be open for at least 5 hours during business hours on weekdays.

What are the requirements for appointing a director in a Singapore company?

The requirements for appointing a director in a Singapore company include being a resident of Singapore, being at least 18 years old, and not having a criminal record.

Incorporation Process

What is the process of incorporating a company in Singapore?

The process involves submitting an application to the Accounting and Corporate Regulatory Authority (ACRA) of Singapore, which involves providing information such as the company name, business activities, registered office address, and details of shareholders and directors. We will prepare your Company Constitution and Corporate Secretary details.

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

The incorporation process typically takes 1-2 days after all the necessary documents have been submitted to ACRA.

How can I get my company name approve?

Check the name availability: You can check the availability of your desired company name through the BizFile+ website, which is operated by the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. This will ensure that your desired name is unique and not already registered by another company. Submit your application Once you have chosen a unique name for your company, you can submit your application for company name approval through the BizFile+ portal. You will need to provide the necessary details such as the proposed company name, business activities, and registered address. Pay the application fee A fee of SGD $15 is payable for each name application submitted. The payment can be made through various modes such as credit card, NETS, or GIRO. Wait for approval ACRA will typically take 1-2 business days to approve or reject your company name application. If the name is rejected, you will need to choose another name and repeat the process. Register your company Once your company name is approved, you can proceed to register your company with ACRA. The registration process involves submitting the necessary documents such as the Memorandum and Articles of Association, paying the registration fee, and appointing a local director

Post-incorporation

When can I open a bank account for my company?

You can open a bank account for your company after you successfully incorporated your company.

What are the tax implications of incorporating a company in Singapore?

Compliance requirements for companies in Singapore include filing of annual returns, holding annual general meetings, maintaining proper accounting records, and complying with regulatory requirements.

How can I get my company name approve?

Check the name availability: You can check the availability of your desired company name through the BizFile+ website, which is operated by the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. This will ensure that your desired name is unique and not already registered by another company. Submit your application Once you have chosen a unique name for your company, you can submit your application for company name approval through the BizFile+ portal. You will need to provide the necessary details such as the proposed company name, business activities, and registered address. Pay the application fee A fee of SGD $15 is payable for each name application submitted. The payment can be made through various modes such as credit card, NETS, or GIRO. Wait for approval ACRA will typically take 1-2 business days to approve or reject your company name application. If the name is rejected, you will need to choose another name and repeat the process. Register your company Once your company name is approved, you can proceed to register your company with ACRA. The registration process involves submitting the necessary documents such as the Memorandum and Articles of Association, paying the registration fee, and appointing a local director

What is the role of a company secretary in Singapore?

The company secretary in Singapore is responsible for ensuring compliance with all regulatory requirements and maintaining proper records and documentation.

Can a company change its name after incorporation?

Yes, a company can change its name after incorporation by submitting an application to ACRA and paying the required fee.

What are the compliance requirements for maintaining proper accounting records in Singapore?

The compliance requirements for maintaining proper accounting records in Singapore include keeping records of all financial transactions, preparing financial statements, and submitting them to ACRA and IRAS.

What are the requirements for filing annual returns in Singapore?

The requirements for filing annual returns in Singapore include submitting a complete set of financial statements and other relevant documents to ACRA.

Can a company issue shares after incorporation?

Yes, a company can issue shares after incorporation by passing a resolution at a general meeting of shareholders and filing the necessary documents with ACRA.

What is the process of winding up a Singapore company?

The process of winding up a Singapore company involves appointing a liquidator, settling all outstanding debts and liabilities, and distributing the remaining assets to shareholders.

Others

Can foreigners incorporate a company in Singapore?

Yes, foreigners can incorporate a company in Singapore as long as they appoint at least one local director who is a resident of Singapore.

Can foreigners incorporate a company in Singapore?

Yes, foreigners can incorporate a company in Singapore as long as they appoint at least one local director who is a resident of Singapore.

Can a company registered in another country set up a branch in Singapore?

Yes, a company registered in another country can set up a branch in Singapore, but it must register with ACRA and comply with all local regulatory requirements.

Can a foreign company incorporate a subsidiary in Singapore?

Yes, a foreign company can incorporate a subsidiary in Singapore, which is a separate legal entity from the parent company and provides limited liability protection.

What are the responsibilities of directors in a Singapore company?

The directors of a Singapore company are responsible for managing the affairs of the company and ensuring compliance with all legal and regulatory requirements.

What is the role of a shareholder in a Singapore company?

Shareholders in a Singapore company own the company and are entitled to dividends and other benefits. They do not have direct involvement in the management of the company.

Can a director be removed from a Singapore company?

Yes, a director can be removed from a Singapore company by passing a resolution at a general meeting of shareholders.

Can a Singapore company own property in other countries?

Yes, a Singapore company can own property in other countries, subject to the laws and regulations of those countries.

Can a Singapore company open a bank account in another country?

Yes, a Singapore company can open a bank account in another country, subject to the laws and regulations of that country.

Ready To Get Started?

Contact us today to schedule a consultation with one of our expert accountants. We’re here to answer any questions you may have and help you take the first step toward financial success.

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