Company Incorporation in Singapore
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Name reservation
- Name availability can be checked in ACRA (Accounting & Corporate Regulatory Authority)
- Upon approval, names will be reserved for a period of 60 days. Incorporation should be completed within this period. Otherwise, an extension can be made for another 60 days.
Registered Address
In order to register a Singapore company, a local Singapore address must be provided as the registered address of the company. The registered address must be a physical address.
Directors and Shareholders
- At least one person ordinarily resident in Singapore, must be appointed as the director of the company.
- There is no limit on the number of local or foreign directors that a Singapore company may appoint.
- A Singapore private limited company can have a minimum of one and a maximum of 50 shareholders.
- Singapore companies are allowed to have 100% local or foreign ownership.
Company Secretary
According to the Singapore Companies Act, every company must appoint a qualified company secretary within 6 months of incorporation. The company secretary must be a natural person who is ordinarily resident in Singapore.
It is important to note that in the case where there is only a sole director/shareholder, the same person cannot act as the company secretary. The office of company secretary also cannot be left vacant for more than 6 months at any one time.
Certificate of Incorporation
Upon successfully registering the company, ACRA will generate an email notification stating the company registration number which serves as the confirmation of incorporation. If the printed copy of the official certificate of incorporation is required, it can be purchased for a fee which will be ready for collection at ACRA’s office the next business day.
Register the company
- Prepare all required documents duly signed and certified
- Upon completion, file the company registration with ACRA
Company Business Profile
The Company Business Profile is the official documentary proof of your company registration. A PDF copy of the business profile is made available for download for a nominal fee. Company Business activities can be chosen from the list set out in the SSIC (Singapore Standard Industrial Classification). The business profile contains the following:
- Company Name and Registration Number
- Previous names for the company (“formerly known as” if any)
- Date of Incorporation
- Principal Activities
- Paid-up Capital (Minimum paid up capital is S$1)
- Registered Office Address
- Details of Shareholders, Directors and Company Secretary
The Certificate of Incorporation and Business Profile are the essential documents required for all key activities of the company (for e.g., opening corporate bank accounts, signing office lease agreements, subscribing to essential services like utilities and internet services). Generally, the soft copies of both documents are sufficient.
Fees involved in the process:
The official certificate of incorporation can be purchased via BizFile+ for a fee of S$50.
The application fee for name reservation is S$15
DOCUMENTS:
The following documents are required for company registration:
- Company Name and SSIC code
- A brief description of the Business Activities
- Particulars of Shareholders, Directors and Company Secretary
- Registered Office Address
- Memorandum and Articles of Association (commonly referred to as M&AA)
For Residents
- Scanned copy of Singapore NRIC (Front and Back)
For Non-Residents
- Scanned copy of passport
- Proof of overseas address (e.g., a utility bill or bank statement)
- KYC documents
For Corporate Shareholders (if any)
- Scanned copy of Certificate of Incorporation
- Scanned copy of Business Profile
- Scanned copy of Memorandum and Articles of Association
- Proof of address
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