How To Register a Company In Singapore? All you need to know

 Singapore is the world’s most digitally connected city and is at the forefront of its industries. The World Citizenship Report ranks Singapore at the top of its list of the ten best countries to do business, citing lower corruption and bribery levels as distinguishing factors.

Singapore, a city-state and parliamentary republic in Southeast Asia (map), has more than ten recognized professional organizations, is one of the most technologically advanced economies in the world, provides a first-class infrastructure for businesses seeking to relocate or set up their headquarters, and provides tax advantages to foreign investors.

As a global financial hub, Singapore is also seen as a gateway to the rest of Asia. With one of the fastest-growing economies in the world, Singapore will soon be the largest consumer market for business and investment opportunities in the region.

Time it Takes for Company Registration in Singapore

We will send your documents to our compliance team for further verification. The company name reservation typically takes approximately 20 minutes.

If your application is approved, it will be published on the Soso website. If it is rejected, then you can upload a new submission and re-apply or use your existing Soso service. You can view previous submissions of yourself or other applicants in the “History” tab under “My Account.” Anytime during the approval process, you can contact us using the live chat widget on our site to check on progress or raise any questions we may have missed.

Easy Steps for Company Incorporation Services in Singapore

Step 1: Company Name Approval

The names of most companies in Singapore are very well protected, so you have to be very careful with your choice of name. For example, your chosen name can’t contain trademarked words or be obscene or vulgar in nature. If you choose the wrong one, it will cost you dearly.

The process is simple: If everything checks out and your business has taken off, you may be able to register your company’s name as soon as 24 hours after applying. However, if there are any red flags, we will contact you before making a decision on the name approval.

Step 2: Documents Required for Business Registration Services in Singapore

Documents required by ACRA during company registration in Singapore include the following:-

The company constitution

Business address

Signed consent forms for each director

Signed consent form for the company secretary

Description of business activities

Paid-up capital information

Identification and address details for each shareholder

Step 3: Formal Registration Process

Once you are confident that everything is in order, the following step is to apply for a Certificate of Incorporation with ACRA. The process could take anywhere between one to three business days, depending on the complexity of your application.

Post-Incorporation Details

When your application is approved, ACRA will send you a certificate of incorporation. This document effectively confirms the registration of your new business and includes your business registration number. It is important to keep this certificate as it’s required by the regulations to open bank accounts in Singapore so funds can be transferred into them.

Create your company now and get started with its operations. ACRA will also send you a Bizfile, which is the identity card of the company. 

Conclusion

If you want to start a business in Singapore, then you first need to register at the Accounting and Corporate Regulatory Authority (ACRA). Before you can register, it is essential that you adhere to all local laws and procedures. The Accounting and Corporate Regulatory Authority (ACRA) will also check whether you are in compliance with all local laws and procedures before granting approval. You can skip the queue and the complications by opting for company incorporation services in Singapore.