Singapore has a number of requirements for Singapore company registration that you must comply with when you want to start to register of company in Singapore and operate a business here.

At Welsy, we can help you with company incorporation in Singapore at a reasonable cost.

Before You Register Company in Singapore
Keep in mind the following company information you’ll need to provide for registering a business in Singapore:

  1. Company Name
    You must receive approval for your new company name before registering business Singapore.
  2. Directors
    You must have at least one Resident Director in Singapore. This person can be a citizen, permanent resident, or someone with a valid employment pass or dependent pass. You can appoint as many directors, local and foreign, as you want. You must ensure they are no younger than 18, have a clean criminal record and can’t suffer from bankruptcy. Directors need not be shareholders.
  3. Shareholders
    For Private Limited Company, you can have between one and 50 shareholders. Shareholders can be individuals or entities, local or foreign. After incorporation, you can issue or transfer shares to shareholders. Your Company is considered as an Exempt Private Company (EPC) if the private company has at most 20 shareholders, and No corporation holds (directly or indirectly) any beneficial interest in the EPC’s shares. EPC will enjoy audit exemption if the Company is fulfilled the small company requirement. A minimum of one shareholder is required. 100% foreign ownership is allowed.
  4. Company Secretary
    Under the Singapore Companies Act, Section 171, you have six months to appoint a qualified company secretary once you incorporate. A sole director or shareholder can’t also be the company secretary, who must be a natural person living in Singapore.
  5. Paid-up Capital
    Your company must have at least S$1 in paid up capital for register Pte Ltd company in Singapore, though you can increase the amount at any time after incorporation. Singapore companies do not use authorized capital. It can be Ordinary shares, preference shares or other shares.
  6. Registered Address
    You need to register a local business address to register Pte Ltd company in Singapore. It can be residential or commercial, but can’t be a post office box. Under the Home Office Scheme, homeowners are allowed to conduct small-scale businesses using their residential premises. This scheme applies to both HDB and private properties. Application for approval under the Home Office Scheme can be submitted to HDB or URA before or after business/company registration with ACRA.
  7. Taxation
    You’ll love Singapore’s tax exemptions and incentives: Pay no more than 8.5 percent tax on your first S$300,000 of annual profits and 17 percent thereafter. Forget about dividend or capital gains taxes. Bask in the knowledge that Singapore companies enjoy some of the world’s best tax benefits and business reputations.

Considerations for Foreigners on How to Register Company in Singapore
If you are a foreigner and want to company incorporation in Singapore, pay attention to the following related to how to register a company in Singapore:

  • The director and shareholder records are public accessible
  • Do not attempt to self-register your company. Foreigners are forbidden from doing this in Singapore. 
  • If you want to run your Singapore company but not live in Singapore, you won’t need a Singapore visa. You can operate the company from anywhere in the world and visit on short-term basis using a visitor visa. But you’ll need to have a local director living in Singapore. 
  • You’ll need an Employment Pass or Entrepreneur Pass if you plan to operate the company locally. With this pass, you can be the company’s local resident director.
  • We at Welsy can handle all aspects of your company’s incorporation and work permit acquisition without you setting foot in Singapore.