Step 1: Register a company name via Bizfile+ ( ACRA’s online portal for business )

To register a company in Singapore, the first step is to register and reserve your desired name. Verify the name’s availability using the search feature on the ACRA website to avoid potential current and future disputes. When submitting your name application, you’ll need to specify your business activities by selecting the relevant SSIC (Singapore Standard Industrial Classification) code. Once approved, you will have 120 days to complete the company incorporation process. You will have to restart the process if you miss this 120-day deadline.

Step 2: Necessary documents required

You will need a set of documents that outlines the governance structure and operational guidelines of your Singapore-based company. These documents collectively define the company’s framework, shareholder agreements, and management processes. You will also need to obtain consent from all company directors, the company secretary, and a declaration from the company’s controllers or shareholders.

Step 3: Within 120 days, submit the incorporation application online

Submit the company name and incorporation applications. After approval, BizFile+ will email the appointed officers (directors, shareholders, and company secretary), who must endorse their appointments within 60 days of the email date to finalize company registration.
For Non-residents without a Singpass, you will need a Registered Filing Agent to submit the application your behalf. Zenith Corporate Advisory is a Registered Filing Agent ( FA20240060 ) with ACRA. We can help you with this process from start to completion!

To get started, we’ll need some information from you:

• Your desired Company name

• Details / particulars of the company Directors

• Details / particulars of the company Shareholders

From us, we will provide:

• Details / particulars of the Corporate Secretary

• Details / particulars of the Nominee Director (if necessary)

• Details of the Local address (if necessary)

• A set of Company Constitution

Simply enter the company name in the business entity search tab on the ACRA website. If the company is listed, it is legally registered and you will also see the date of registration accordingly.

In Singapore, you can start with minimal upfront capital injection as low as just S$1. You can always inject additional funds into the business later, simply notify us and we will do the necessary administration to inform the authorities. You also have the flexibility to issue shares without initial payment from shareholders, as long as the amounts are paid in eventually.

To register a Private Limited company in Singapore, you must have at least one shareholder, with a maximum of 50 shareholders allowed. ACRA requires a Memorandum of Association, which must include specifications for share capital amounts and equity, among other details. We will assist you with that document so you avoid potential issues in future.

With all the documents in place, it takes less than a week to incorporate a company. Usually it depends on when you provide all the details. No worries, we’re your partner and will guide you along until completion!

Singapore imposes corporate income tax (CIT) at a flat rate of 17% for both foreign and domestic companies, the lowest among all ASEAN member states. The corporate tax framework encourages entrepreneurship with incentives and grants. The single-tier tax system taxes company profits only, without additional taxation on dividends distributed to shareholders. The effective tax rate is also significantly lower due to various tax incentives and breaks.

In Singapore, every company is required to have a registered address located within the country, which cannot be a PO box. This address serves as the central location for storing all statutory documents related to your business. If you don’t have a physical office space or aren’t a resident in Singapore, you can utilize your nominee director’s address as a convenient alternative. Additionally, you can use your residential address as your company address, provided your business operations don’t disrupt your neighbours.

Alternatively, we can assist you on a dedicated office address where your mailers are handled, scanned and sent to you.

Absolutely! Foreign individuals can seamlessly register a company in Singapore. Zenith is the key partner to assist you!