Company Incorporation Services in Singapore

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Your quest for company incorporation services in Singapore ends here at Paciol.

In the past few decades, Singapore has topped the World Bank’s criteria for business setup with robust IP protection, no capital gains and relatively lowest corporate taxes in the world. Undoubtedly, Singapore has become one of the most preferred destinations for company incorporation in Asia. Are you ready to incorporate a company? Here is a list of all your available options. Delve into this comprehensive guide from Paciol to understand the company incorporation process in Singapore.

Company Registration For Singapore Resident

Minimum requirements for company registration in Singapore

Firstly, the company should have at least one resident director appointed before the company registration process. Once you have a resident director, you can appoint an unlimited number of either resident or non-resident directors.
Secondly, before you start your company’s registration process, your company’s name must be approved by ACRA, i.e. Accounting and Corporate Regulatory Authority.
A local residential address of Singapore is essential for incorporation as the company’s registered address.
In addition, the incorporated company also needs to appoint a corporate secretary or corporate service after six months of the company’s registration.
To register your company, you need a minimum of $1 worth of issues shared capital.

Private limited companies can have up to 50 shareholders. Shareholders can consist of companies or persons, and also 100% non-local shareholding is permissible.

Company Registration For A Foreign Individual Or Company

Foreign entrepreneurs that wish to set up a company in Singapore are essential to satisfy additional requirements. They must appoint a local directorto fulfil the local requirements.

Foreign individuals, business professionals and entrepreneurs intend to form a Singapore company to manage their operations to obtain a valid work visa. The business owner needs an employment pass application to set up a Private Limited Company.
The next requirement is the Entrepreneur Pass or EntrePass, which fosters entrepreneurship and innovation. The EntrePass scheme provides a route to relocation and incorporation to the city-state, and it is designed fundamentally for R&D-intensive enterprises and technopreneurs.
There are also nominee directors in Singapore for companies that wish to register their business but have no plans of overseas relocation. You can appoint a nominee director for complying with the statutory requirements because companies need to appoint a resident director as per Singapore’s Companies Act.

Types of companies that can be incorporated

The Private Label Company has a legal identity distinct from its directors and shareholders. Typically, a Private Limited company’s name ends with Private Limited or Pte Ltd.
Then, there is Singapore Sole Proprietorship, a business owned by one person or one Singapore-registered company. In theory, the sole proprietorship is one of the simplest forms of business structure in Singapore that meets statutory requirements to register all the profiling activities carried out daily.
The last one is Singapore Limited Liability Partnership. It is an amalgamation of the best features of a Private Limited Company and Partnership. It offers the flexibility and ease of operating a partnership while retaining an isolated legal identity from its partners. Usually, the Limited Liability model for companies is ideal for accountants, architects, lawyers and other professional companies. If you want to register your LLP in Singapore, you must be a resident or Singaporean citizen or an employment pass holder. However, if you are a foreign entrepreneur, you can always register your LLP, provided that you appoint a local director.

How can we help you?

Stress-free company incorporation services from the experts so that you can start a business now.

Your headache for company incorporation ends here. Our company secretaries understand that wrapping your head around company incorporation can be challenging. Businesses that want to simplify their company’s incorporation and compliance requirements can leverage our creative and easy-to-use platform. We aid enterprises in intelligently coordinating everything between services, teams and systems. We have a simple three-step approach to incorporation:

Check eligibility by consulting our experts ranging from the documentation to bank account.
Select from our range of incorporation packages
Submit all the necessary documents and wait for the results

Why Paciol?

When it comes to company incorporation services in Singapore, no one beats our expertise. As one of the best new company incorporation Singapore services, we render the help enterprises need to make that first giant leap towards starting a business in Singapore. Irrespective of whether you are setting up your first business in Singapore or you want to expand, we have all hands on deck to make company incorporation easy for you.

Still looking for incorporation packages? Reach out to our experts at Paciol to get started with company incorporation in Singapore.

FAQs

1. What is the company incorporation process?

The company incorporation process is the legal methodology to form a company or corporate entity.

2. What is the maximum and minimum number of shareholders that a company should ideally have?

In any Singapore Private Limited Company, the registration process requires at least one shareholder.

3. How many directors do my company need to register in Singapore?

To register your company in Singapore, you need at least one director. By definition, a director should be an individual, not a corporate entity. Furthermore, at least one of the directors should be a resident of Singapore.

4. Is the information or identity of directors and shareholders made public?

Yes. Typically, the basic info about the directors and shareholders of a company is available to the public. The Registrar of Company enlists this information in the business profile, and it can be purchased for a nominal fee.

5. What business structures are permissible or possible in Singapore?
The corporate entities allowed in Singapore include partnerships, sole proprietorships and limited liability companies. Among all the companies, the Private Limited Liability company structure is one of Singapore’s most sought legal frameworks.