Start a company with us and we will take care of the rest.
Incorporating Singapore Company Private Limited is easy and fast. Below are some guidelines on how to incorporate Singapore Company Private Limited and the complete incorporation company services we can offer to you.
Singapore company registration depends on
Whether you’re local or not
Whether got Corporate shareholder or not
All Singapore local company must have at least 1 local director.
- For foreigners, there’s a legal requirement to hire additional local directors, so the company incorporation costs more.
- for local company, local shareholder can act as local director
- The company formation process for locals is more straightforward.
Foreign company incorporation cost more due to:
- Additional local director
- Additional time cost of KYC for foreign shareholder, director
We help both locals and foreigners with company formation.
Company registration for Singaporeans & PRs
We can get your company up and running in 30 minutes
Company registration for foreigners
Packages with Nominee Director
Company registration for Mix (Joint Venture with other shareholders).
Packages with sample Shareholder agreement
Check list you need to prepare before opening a company in Singapore
What kind of company should I open?
Our clients opt for private limited companies — they meet most entrepreneurs’ needs and the procedure is fast.
Do I have to fly in to Singapore to open a company?
There’s no need to be present in Singapore to start a business here — we can register a company and help open business account remotely.
Download Pre-Incorporation checklist
We’ve put together all documents and details you need to have figured out before you open a company.
- Company name
- Business activities
Sample of Certificate of Incorporation (COI)
COI is a document that you receive once you’ve incorporated the company. Check out what it looks like.
How to register a company in Singapore in simple steps (for locals)
STEP 1: Check in via MyInfo
If you have a MyInfo account, it’s as easy as simply logging in for you. We’re integrated with MyInfo and will automatically access all the documents needed to file for incorporation on your behalf. If that doesn’t work for you, simply send us an IC or passport copy and the details:
STEP 2: Book your company name
Singapore government charges a S$15 fee for checking and reserving the name for your future company. You won’t have to pay it as we’ve already got that covered for you. We’ll also help choose a name that doesn’t stall the incorporation process: nothing that mirrors a name that already exists or uses words such as ‘bank’ or ‘school’ that would require you to go through extra approvals.
STEP 3: Get your company registered
We prepare all the documents for you and send them to ACRA so you can have your company registered in minutes. Everything happens 100% online: we gather all your information and fill in all applications. The next step is for you to sign it electronically. Once the company has been incorporated, we upload your documents and the Bizfile+ into your Afitty account.
STEP 4: Open an account: start paying, get paid
You will need a business account to process your payments and invoices, and we can help you get one. We partner up with OCBC Bank: they can open an account for you the same day you get your company incorporated. Or you can choose one of the other business account providers we work with. Either way, we introduce you to our partners’ network and help with the KYC documents. The decision to open an account for you is always up to the banks.
How to register a company in Singapore in simple steps (for foreigners)
STEP 1: Deal with the official requirements
Singapore welcomes foreigners to open their business here, but you have to hire local experts. You’ll have to employ a Nominee Director, a Corporate Secretary, and maintain a local office. You also need a certified agency to apply for incorporation on your behalf. We help with all these requirements.
STEP 2: Get your company registered
We handle the process 100% online: collect your documents in a chat, process KYC for all directors and shareholders, fill in all the necessary documents, and send them to you so you can sign them electronically. Once it’s done, we submit the application to the Singapore government agency, get your company registered, and upload all data into your Afitty account.
STEP 3: Open an account: start paying, get paid
You will need a bank account to receive money and pay your invoices. We partner with a variety of local banks. We recommend foreigners to open an account with one of our partners. They process KYC online and can have your account set up and ready within days. You won’t have to go anywhere for it.
If you want a bank account with one of the traditional banks, you will have to fly to Singapore and visit the bank in person. Right now, this option is unfeasible. Remember, we present you to our partners, but the decision to open an account is always up to banks.
STEP 4: Set up the accounting routine
As a business owner, you’ll need to submit several accounting & tax reports to the local authorities. We’ll handle your day-to-day bookkeeping, prepare reports, and keep track of the timelines to submit them. You will get a Chartered accountant dedicated to your business who will proactively advise on exemptions and reliefs, so you pay taxes smartly.
- We open your company and upload Bizfile to your account
- Free company registration plus 1 year of Unlimited Secretary
Key facts on Company Incorporation:
- You can enjoy these financial benefits immediately
- Zero tax rate on company profits, first SGD 100,000
- 8.5% Tax rate on company profits, next SGD 200,000
- 17% Tax rate on company profits above SGD 300,000
- Zero Tax rate on capital gains by the company
- Zero Tax rate on dividend paid to shareholders
- Minimum 1 Singapore resident director
- Minimum 1 shareholder – individual or corporation
- Minimum 1 Singapore resident company secretary
- Minimum Paid Up Capital S$1
- Must have a Singapore registered address
Foreigner has to consider either:
- Not to locate to Singapore needs to have a local resident director. We offer nominee director service for legal compliance and free local business resources or
- Want to locate to Singapore to manage your company, needs to submit a Work Pass application to Singapore Authority. After successfully obtained your Work Pass visa, you can act as the local resident director.
Singapore Company Incorporation Requirements are:
- Singapore preferred company name (approved by ACRA)
- Brief description of proposed business activities
- Shareholders’ particulars and passports
- Directors’ particulars and passports
- Registered address particulars
- Company Secretary particulars
- Memorandum and Articles of Association
What make us different?
We take care of company Grant & incentive. During the incorporation, we will take care of grant & incentive impact for your new company.
Eg, grant & incentive will depends on:
- Local shareholder %
- Business activities
Appoint Us To Incorporate Your Business Now
Q&A
For Locals
What are the requirements?
To register a Singapore business, you need to have a local address, a corporate secretary, a resident director. Paid-up capital starts at $1.
What does the process look like?
We check that the company name you’ve chosen is available. You send us your IC or passport copy, details on directors and shareholders. We prepare all the necessary documents, send them to you for electronic signature, and submit them to ACRA (a government entity that registers companies). On your end, it’s just a message thread in a secure chat. Once a UEN has been issued, your company is operational.
How long does incorporation take?
Once all the documents are ready, it usually takes us less than an hour to incorporate a company. It mostly depends on when you are comfortable providing all the details and the authorities’ service hours. Our record stands at 38 minutes, and we keep getting better.
Do I need a company address?
Yes, all Singaporean companies must have a local registered address. It goes on all legal documents. If you don’t have an office address, use our service. We handle your incoming letters, scan and store them in your Afitty account so you have easy access to all your documents. You can also use your residential address as your company address if your business is not going to disturb your neighbours. You might need additional approval from authorities for this.
What’s Corporate Secretary?
A corporate secretary is a person responsible for all necessary documents required by law. For example, issuing company resolutions, managing regulatory filings and maintaining company books. Every Singapore business must have one. This critical role requires various certifications and involves a lot of responsibility.
Who can be a director?
Anybody above 18 years old can be a director, Singapore locals or foreigners. You can have as many directors as you want, or it could be just you.
For Foreigners
What does the process look like?
We check that the company name you’ve chosen is available. You send us your IC or passport copy, details on directors and shareholders. We prepare all the necessary documents, send them to you for electronic signature, and submit them to ACRA (a government entity that registers companies). On your end, it’s just a message thread in a secure chat. Once a UEN has been issued, your company is operational.
Do I need a company address?
Yes, all Singaporean companies must have a local registered address. It goes on all legal documents. If you don’t have an office address, use our service. We handle your incoming letters, scan and store them in your Afitty account so you have easy access to all your documents.
Who is a Nominee Director?
A nominee formally holds a director’s position, without any actual decision-making powers or authority to run the company. His only obligations are to act in the interests of the company and in compliance with the law.
Do I need a resident director (Nominee Director)?
Your company can have as many directors as you want, but at least one needs to be local. If you do not have someone who can play the role, hire a nominee director. For example, there can be two directors: you and the nominee. If you apply for Employment Pass from your new company, you only need the nominee service while you’re waiting for it (about six months). After that, you can be the only director.
What is an Employment Pass?
It’s a type of working visa issued per specific company to invite foreign professionals, managers, executives, and technicians. It allows you to work exclusively for that company, live and bring your family to Singapore. It’s valid for 1 or 2 years. You can renew it afterwards.
Can I transfer an Employment Pass or Dependant’s Pass I have to my new company?
No, EPs/DPs are issued per one specific company. You can only work for the employer that sponsors your visa. So after you’ve incorporated, your new business has to apply for your new EP. Do it seamlessly: there’s no need to cancel your old EP before getting the new one.
How long does the company registration take?
Once all the documents are ready, it usually takes us less than an hour to register a company. It mostly depends on when you are comfortable providing all the details and the authorities’ service hours. Our record stands at 38 minutes, and we keep getting better.
Can I move to Singapore if I open a business there?
Sure. There’s a special type of visa called Employment Pass you can receive within about six months. To qualify you have to pay yourself a salary of about S$6,000, especially if you plan to bring family under Dependants’ Passes.
What are the requirements to get an Employment Pass?
It’s an employment visa, so your professional qualities and fit with the company will be evaluated. We will file your CV with relevant professional experience, education data and the company profile to get the visa. The most important factor is your fixed salary amount that the company commits to paying you. It needs to be no less than S$6,000, especially if you want to bring immediate family under Dependants’ Passes.