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Incorporation In Singapore

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Incorporation In Singapore

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Why Should I Use Auriga Accounting For Incorporation In Singapore ?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your Incorporation In Singapore.

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Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Ready Your Incorporation In Singapore

Why Should I Use Auriga Accounting For Incorporation In Singapore ?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your Incorporation In Singapore.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Ready Your Incorporation In Singapore

Overview - Incorporation In Singapore

Incorporation in Singapore is the formal legal process of registering a business as a company under the provisions of the Singapore Companies Act. This process transforms a business into a separate legal entity, meaning it has its own legal identity independent of its owners or shareholders. Singapore is renowned worldwide for its highly favorable business environment, characterized by straightforward registration procedures, efficient regulatory processes, and a strategic geographic location that serves as a gateway to Asian markets. These features make Singapore an ideal hub for entrepreneurs and international corporations seeking to establish a presence in the region.

The incorporation process typically involves selecting a suitable company name that complies with regulatory standards, preparing and submitting the required documentation—such as the company constitution, details of directors and shareholders—and fulfilling all regulatory obligations mandated by the Accounting and Corporate Regulatory Authority (ACRA), the statutory body responsible for company registration and regulation. 

Eligible for Incorporation In Singapore

Minimum Number of Directors: A Singapore company must have at least one director who is a local resident—either a Singapore citizen, permanent resident, or hold an EntrePass or Employment Pass. Private companies require at least one director, but certain types need a minimum of two.

Shareholders: At least one shareholder is necessary. Shareholders can be individuals or companies of any nationality or residency. Sole proprietorships need only one shareholder.

Company Name: The proposed name must be approved by ACRA and should not duplicate or resemble existing company names or trademarks. It must also meet Singapore’s naming rules.

Registered Address: A physical Singapore address is required; P.O. Boxes are not allowed. This address is where official documents will be sent.

Company Constitution: A constitution (or Articles of Association) is needed to define management rules. It can be drafted by the founders or based on a standard template.

Legal and Regulatory Compliance: The company must follow all legal requirements, including appointing officers, filing annual returns, and meeting tax obligations.

Benefits of Incorporation In Singapore

Strategic Location: A global hub for trade, finance, and logistics with easy access to Asian markets and beyond.

Business Environment: Transparent regulations, efficient legal systems, and pro-business policies simplify setup and operations.

Tax Incentives: Competitive corporate tax rates (as low as 17%) with various exemptions and incentives for startups and multinationals.

Ease of Incorporation: Quick, simple registration process often completed within a day with minimal requirements.

Intellectual Property Protections: Strong laws safeguard innovations and trademarks, promoting R&D.

Skilled Workforce: A diverse, talented pool of professionals supporting various business needs.

Stability: A secure and resilient political and economic environment for long-term planning.

Infrastructure: World-class facilities, utilities, and advanced communications support efficient operations.

Free Trade Agreements: Numerous FTAs facilitate international trade by reducing tariffs and barriers.

Reputation: Incorporation in Singapore enhances credibility with investors, partners, and financial institutions.

Documents Required for Incorporation In Singapore

Company Name Approval: Submission of the proposed company name for approval by ACRA.

Incorporator(s) Details: Identification documents (such as NRIC or passport) of the sole director(s) and incorporator(s).

Director’s Consent: A signed declaration indicating consent to serve as director.

Shareholder(s) Details: Identification documents (NRIC, passport) of shareholders, if different from incorporators.

Registered Address Proof: Documentation proving the company’s registered office in Singapore, such as a utility bill or lease agreement.

Company Constitution: The Memorandum and Articles of Association, unless opting for the standard constitution.

Statement of Share Capital: Details outlining the initial share capital and the distribution among shareholders.

Declaration of Compliance: A statutory declaration affirming adherence to Singapore’s legal requirements.

Additional Documents (if applicable): For foreign directors or shareholders: passport copies, proof of residential address, and other relevant documentation.

Online Process for Incorporation In Singapore

Name Reservation: Submit your proposed company name for approval through the BizFile+ portal.

Gather Necessary Documents: Collect all required documentation, including identification, proof of address, and the company constitution.

Online Application Submission: Complete and submit your company registration via the ACRA BizFile+ platform, providing details of directors, shareholders, and registered address.

Fee Payment: Pay the registration fees online through the portal.

Application Review and Approval: ACRA will review your submission. Upon approval, the Certificate of Incorporation will be issued electronically.

Download Registration Documents: Access and download the Certificate of Incorporation, Business Profile, and other relevant documents from your ACRA portal account.

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