Singapore Company Incorporation Guide - Bestar Services

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Singapore Company Incorporation Guide
Bestar Services Pte. Ltd
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Singapore Company Incorporation Guide

• As a country Singapore has been flourishing as
  far as business and opportunities are concerned.
  The country provides immense scope for
  businessmen to establish and grow a company.
  There are various procedures that you need to go
  through before you can establish your business
  successfully.
• This article provides a guideline regarding the
  methods to incorporate a company in Singapore.
  Before we understand the company incorporation
  procedure, it is important to understand who can
  incorporate a company in Singapore.

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Who can register a company in the country of
Singapore?
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1. Company Incorporation if you are a foreigner
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2. Company Incorporation While being a foreign
corporation

• It is possible to incorporate a foreign company
  in Singapore. You can choose to incorporate the
  company in the form of a bank, subsidiary office
  or a representative office.
• Along with the documents from the previous step,
  you will also require to file the following
  document copies
• Incorporation Certificate copy from the parent
  company
• Details from the company registrar or information
  about the directors and members of the company.

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Prerequisites for company incorporation in
Singapore

• In the previous section we understood about who
  can incorporate a company in Singapore. Let us
  understand what are the prerequisites to be
  followed while incorporating a company in
  Singapore
• The minimum setup requirements would be as
  follows
• Minimum one shareholder
• One company secretary
• A paid share capital of minimum S1
• Address of a physically registered office in
  Singapore.
• As the above-mentioned requirements are easy to
  follow, Singapore has been the center of
  attraction to start a successful company.

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Steps to follow to register a company in Singapore

• We saw all the basic requirements we need to
  fulfill to incorporate a company in Singapore.
  Following are the steps to actually register a
  company.
• You have to follow only three basic steps to get
  your company registered in Singapore
• Approval for the company name.
• Registration of the essential documents.
• Registering the company with ACRA.

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1. Approval for the company name

• You have to follow the below given rules
• The name of the company cannot be obscene.
• The name should not clash with existing
  Trademarks.
• The name should not be identical to any existing
  company in Singapore.
• The name you plan to use should not be reserved
  by another company.
• If you follow these criteria, ACRA will approve
  your company name immediately.

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2. Registration of essential documents

• You have to submit the following documents to
  ACRA
• Consent to act form from every director in the
  company.
• Consent to act form from the company secretary.
• A company constitution document.
• Identity and residential address proof of all the
  officers and shareholders.
• You also have to include a Know Your Customer
  form to prevent money laundering.

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3. Registering the company with ACRA

• As all the above details receive an approval your
  company is ready for registration.
• Your registration with Singapore ACRA will be
  ready soon.
• If it has to be referred by another government
  department it may take extra weeks.
• But the majority of time, the company
  registration in Singapore is over within only one
  day.

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Wrapping it up

• As you can see, the process of company
  incorporation in Singapore is very simplified.
• This is true only if you have an expert company
  incorporation service provider with you.
• We made a massive effort to help you understand
  the process in the simplest way possible.
• Let us know if you have any concerns to discuss
  regarding the procedure.

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