The Accounting and Corporate Regulatory Authority in Singapore has made the synthesis of incorporated entities as simple and pain free as possible. However, it is important to keep in mind that each and every step along the way should be thought about with due care. All the data required from applications for registration and Singapore Company Formation to the relevant licensing body are available on ACRA's website. However, you can always employ an expert services organization to perform and submit the relevant documentation for you, reducing the complexity of the process to the minimum if you do not have the time for you to investigate all the particulars of registration. A listing of the kinds of businesses allowed to operate in Singapore may be found on the ACRA website, though the most typical types are: private company, limited liability partnership and sole proprietorship.



This is a quick guideline to the process of Singapore Company Formation and incorporation incorporating a company in Singapore. It is by no means complete but should be used as a checklist guide on enough time and effort required with a company or individual wanting to setup business in Singapore.

The first step is to be sure that your company name is likely to be approved by the governing bodies. It is likely to be rejected if it infringes on already established organizations or brands too closely. However, in most cases the name reservation process for the company only takes a couple hours. If is known a government body the process may take up to two weeks. If the name is rejected you can submit an appeal (which will require 3-5 days to process) to submit another name for approval.

Once your company name is approved, you can complete the registration documents for Singapore Company Formation. They are found through BizFile on the ACRA website with other relevant documentation and approval times and bodies. If you are having these documents processed with a professional body that specializes in company formation and registration in Singapore, the relevant party within the company will still have to sign the relevant documents for submission. This individual does not have to be in Singapore to perform this and can courier the documents if located elsewhere. Following the approval period (which can range between less than the usual day to 8 weeks, with respect to the type of company), the business enterprise will be registered.

The ultimate step is to open a bank-account in Singapore underneath the business name which means you will have a way to conduct transactions underneath the company's name. The relevant stakeholders do not have to be in the country to open a bank-account, as it can certainly be conducted via a phone interview. However, if the stakeholder can conduct the interview in Singapore, it'll facilitate the faster create of the bank account.

There are numerous other issues to remember when considering the Singapore Company Formation, though it is a relative easy process - directors for instance should be at the least 18 years of age. As well, there's no requirement for domestic shareholder as the company may be 100% owned by foreign entities. Remember to engage in an expert service or investigate all the data available for your requirements via ACRA when considering business formation in Singapore.