How To Incorporate A Company In Singapore | Fast Guide
Step-by-step guide on how to incorporate a company in Singapore. Learn requirements, costs, timeline & benefits of Singapore company registration.
Singapore is one of the world’s most business-friendly destinations, attracting entrepreneurs, investors, and multinational corporations. Thanks to its strategic location, efficient regulatory framework, robust infrastructure, and attractive tax regime, many choose Singapore as the ideal place to set up their business.
In this guide, we’ll walk you through the process of company incorporation in Singapore, including requirements, steps, costs, and benefits.
Why Incorporate a Company in Singapore?
Incorporating a business in Singapore offers numerous advantages:
- Favorable Tax System – A flat corporate tax rate of 17% with attractive tax exemptions for startups, plus no capital gains tax.
- Access to Infrastructure & Talent – Advanced digital infrastructure, skilled workforce, and a reliable banking system.
- Ease of Doing Business – Ranked consistently as one of the easiest places to do business globally by the World Bank.
- Political & Economic Stability – Transparent governance, strong legal system, and a corruption-free environment.
- International Connectivity – A hub for trade with strong links to major markets across Asia.
Documentation Required Before Incorporation
Before you register a company in Singapore, ensure the following are prepared:
- Company Name Approval – Must be unique and approved by ACRA (Accounting and Corporate Regulatory Authority).
- Directors – At least one director must be a Singapore citizen, permanent resident, or hold an Employment/EntrePass.
- Paid-Up Capital – Minimum of SGD 1, which can be increased later.
- Shareholders – At least one shareholder (individual or corporate entity).
- Company Secretary – A qualified secretary must be appointed within six months.
- Registered Address – A local Singapore address is required.
Steps to Incorporate a Company in Singapore
Stage 1: Choose and Reserve a Business Name
The name must be unique, non-infringing, and not contain restricted words. ACRA allows you to reserve it for up to 120 days.
Stage 2: Decide on a Business Structure
Most entrepreneurs choose a Private Limited Company (Pte Ltd) due to limited liability, tax benefits, and credibility. Other options include Sole Proprietorships and Partnerships, which provide fewer advantages.
Stage 3: Prepare Incorporation Documents
These include the company constitution (formerly Memorandum & Articles of Association), details of directors and shareholders, proof of registered address, and consent forms signed by directors and the company secretary.
Stage 4: File Incorporation with ACRA
Submit the application online via ACRA’s BizFile+ portal. If documents are complete, approval usually takes 1–2 working days.
Stage 5: Receive Certificate of Incorporation
Once approved, ACRA issues a digital Certificate of Incorporation with your unique company registration number (UEN).
Stage 6: Post-Incorporation Requirements
After incorporation, you must:
- Open a corporate bank account in Singapore.
- Register for GST if annual revenue exceeds SGD 1 million.
- File annual returns with ACRA.
- Obtain relevant business licenses depending on your industry.
Timeline for Company Incorporation in Singapore
The process typically takes 3–5 working days:
- Name approval – Within 24 hours.
- Document preparation – 2–3 days.
- ACRA filing – Same day if ready.
Company Incorporation Costs in Singapore
- Name approval with ACRA: SGD 15
- Incorporation filing fee: SGD 300
- Professional service fees: Additional, depending on the provider.
Why Use a Professional Service Provider?
While it’s possible to incorporate a company yourself, many business owners engage corporate service providers in Singapore for:
- Time savings and efficiency.
- Reduced risk of errors or non-compliance.
- Guidance on regulatory obligations.
Start Your Company Incorporation in Singapore Today
Incorporating a company in Singapore is straightforward when you have the right guidance. At Fast Accounting, we help entrepreneurs and businesses with a hassle-free incorporation process, ensuring full compliance with Singapore regulations.
📞 Contact us today to get started on your company registration in Singapore and launch your business with confidence.
