Services
Company Incorporation in Singapore
SHORTS Business Services offers incorporation services in Singapore to both the local and foreign business owners.
Shorts Business Services offers incorporation service Singapore to both the local and foreign business owners.
Looking for Reliable Incorporation Services Company in Singapore?
Overview
What are Company Incorporation services in Singapore?
Company incorporation in Singapore refers to the legal process of creating a new company within the country, generally registered with Accounting and Corporate Regulatory Authority (ACRA) which is Singapore’s national regulator of businesses entities and public accountants.
How long does ACRA a take to Approve Company?
Things to Know Before you Incorporate a Company
Before incorporating a company in Singapore its important to understand several key factors to ensure a smooth and successful business incorporation in Singapore:
Business Structure:
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Private Limited Company:
This business structure is the most common and a preferred structure due to its separate legal entity status, limited liability and a huge potential for growth
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Sole Proprietorships:
Ideal for small businesses and individuals, however lacking legal protection.
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Partnerships:
Partnerships encompass general partnerships, limited partnerships and limited liability partnerships; each type offers different degrees of liability and legal status.
Incorporation
Legal Requirements:
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Company Name:
To comply with ACRA approval and remain legally compliant.
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Directors:
At least one director must reside in Singapore; at least one shareholder, either individual or incorporated entity (full foreign ownership is permissible) must also reside there.
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Company Secretary:
When incorporating, companies are required to appoint appropriately qualified company secretary within six months.
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Registered Address:
You must register using an address located within Singapore that cannot be a P.O. Box address.
Incorporation
Minimum Paid-up Capital:
Incorporation
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A minimum paid-up capital requirement for incorporation is SGD 1. However, this figure can be increased post incorporation as necessary.
Documents:
To Submit For Each Director and Shareholder and The Company Secretary.
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Constitution of Your Company:
Your company's Constitution will establish internal rules and regulations.
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Consent Forms:
Signed consent forms to serve as director and company secretary are needed before acting as such.
Incorporation
Taxation:
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Flat Corporate Tax Rate:
Singapore has adopted a flat corporate tax rate of 17% as the basis of its corporate income tax law system.
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Tax Incentives:
Startups may qualify for tax exemptions and incentives in their early years, especially those working within specific sectors or markets.
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GST Registration:
An GST registration may be mandatory if your annual turnover surpasses SGD1 Million.
Incorporation
Compliance and Reporting:
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Annual Returns:
These must be filed with ACRA each year.
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Financial Statements:
Companies are expected to keep proper accounting records as required under ACRA requirements as well as provide audited statements (unless exempt).
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Annual General Meeting (AGM):
Annual General Meetings are required within six months from the financial year-end date.
Incorporation
Employment Regulations:
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Work Visas:
Foreign employees must acquire appropriate work visas such as an Employment Pass or S Pass before starting to work abroad.
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Central Provident Fund (CPF):
Employers are required to contribute towards the Central Provident Fund for employees located within their boundaries.
Incorporation
Bank Account:
Incorporation
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A corporate bank account in Singapore is essential to conducting successful business operations and transactions.
Professional Services:
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Consultancy:
Engaging professional services (such as attorneys, accountants and corporate secretaries ) can assist with navigating the incorporation process more smoothly while meeting local regulations.
Incorporation
Business Plan:
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Market Research:
Evaluating Singapore's marketplace, competitors and customer base in order to develop your plan effectively.
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Business Strategy:
Define and document clear goals and growth plans.
Incorporation
Business Plan:
-
Market Research:
Evaluating Singapore's marketplace, competitors and customer base in order to develop your plan effectively.
-
Business Strategy:
Define and document clear goals and growth plans.
Incorporation
Business Plan:
-
Market Research:
Evaluating Singapore's marketplace, competitors and customer base in order to develop your plan effectively.
-
Business Strategy:
Define and document clear goals and growth plans.
Incorporation
Company Incorporation in Singapore for Foreign Individuals
SHORTS provides foreign individuals looking to establish companies in Singapore with a smooth incorporation experience without physically being present in Singapore. Our services span everything from remote management setups and relocation assistance through employment permits or the Entrepreneur Pass scheme (EntrePass). Our expertise ensures foreign entrepreneurs can effectively start and oversee their ventures in one of Asia's dynamic business hubs.
Why Choose Shorts for Company Registration Services in Singapore?
SHORTS Business Services also provides company registration services exclusively for Singapore citizens. We at SHORTS ensure a streamlined registration process by offering expert guidance and support from start to finish. Whether it is your inaugural venture or expanding operations - our dedicated team will assist you with legal requirements such as accounting or company secretarial needs to make this journey effortless and stress-free!
Company Registration Services for Singapore Citizens
We at SHORTS make company registration services in Singapore quick and efficient, with seamless service from start to finish. As a comprehensive corporate service provider, we provide accounting, taxation, corporate secretarial, and company formation solutions tailored to suit the needs of SMEs and individuals.
What you get
What is included in Company Incorporation services in Singapore
Incorporation
What you get
What is included in Company Incorporation services
Incorporation
Benefits
The benefits included in business incorporation in Singapore
Incorporation
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Incorporation of the company and business
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Setting up company business profile
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Incorporation
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Incorporation of the company and business
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Setting up company business profile
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Share certificates
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Company seal and stamp
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Share certificates
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Company seal and stamp
Service Includes government fee for name application, company name reservation, fee for company registration, issuance of constitution and share certificate etc.
Choose SHORTS Business Services for excellent company registration services in Singapore.
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Ready to Start Your Business in Singapore?
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Ready to Start Your Business in Singapore?
Faq's
- Choose a business structure
- Get your company name approved by ACRA.
- Prepare necessary documents, including identification and address proof for directors, shareholders, and the company secretary.
- Appoint at least one resident director.
- File the incorporation application with ACRA along with the company’s constitution.
- Upon approval, ACRA will issue a Certificate of Incorporation.
- You can check if a company is incorporated in Singapore by searching the ACRA’s online directory using the company’s name or Unique Entity Number (UEN) on the ACRA website or the BizFile+ portal.
- A flat corporate tax rate of 17%
- Tax exemptions for startups on the first SGD 100,000 of normal chargeable income for the first three consecutive years.
- Various tax incentives and rebates
- Incorporation in Singapore typically takes 1-3 days if all the documentation is in order and there are no delays in the name approval process.
- To incorporate a company in Singapore, you need:
- Approved company name.
- At least one resident director.
- A minimum of one shareholder.
- A company secretary.
- Registered local address.
- Minimum paid-up capital of SGD 1.
- Signed consent from directors and the company secretary.
- The company’s constitution.
- At least one resident director.
- At least one shareholder.
- Appointment of a qualified company secretary is required within six months of incorporation.
- A local registered address.
- Minimum paid-up capital of SGD 1.
- Prepare the company’s constitution.
- Approved company name by ACRA.
- Choose Shorts PTE. LTD for:
- Expert guidance through every step for the incorporation process.
- Comprehensive services, including documentation, compliance, and legal support.
- Customized solutions to meet your specific business requirements.
- Experienced professionals with deep knowledge of Singapore’s regulatory environment.
- A commitment to making the incorporation process seamless and hassle-free.
- Any individual or corporate entity can incorporate a company in Singapore, provided they meet the requirements, including having at least one resident director.
- ACRA’s name application fee: SGD 15.
- ACRA’s registration fee: SGD 300. Additional costs may include professional fees for service providers assisting with the incorporation process.
- Yes, a non-citizen can incorporate a company in Singapore. However, they need to appoint at least one resident director (a Singapore citizen, permanent resident, or someone with a valid EntrePass, Employment Pass, or Dependent Pass).