Step by Step Documentation to Register Your Company in Singapore

As one of Asia’s high-income economies, Singapore has several requirements that need to comply with in order to register a company or operate a business. 

You may already have an idea of the process involved in starting a business in Singapore, registering a company as an individual, or registering a company as a foreigner. Or maybe you want to know more about what it takes to start a business in Singapore? This comprehensive guide will help you with all that.

Intracorp has the expertise to assist you in completing your company registration. Our professional team will support you through the entire process, from advising and guiding you on how to register a company to assist with the legal documents necessary for registration to filing for tax benefits and accounts required for filing an income tax return.

Step I: Understanding Company Register in Singapore Requirements

You must have at least one shareholder to register a private limited company in Singapore. It can be an individual or another company. This is the minimum amount of shareholding required to register a private limited company in Singapore. You must have at least one shareholder who is a Singapore resident and registered with the Companies Commission of Singapore (“CCS”) before you can commence business activities as a promoter. The shareholder(s) can be an individual or company registered in Singapore, providing they are not disqualified by law to be shareholders.

Step II: Choose a Registered Company Incorporation Services in Singapore

Once you select your company registration in Singapore service provider, they should have a Singapore company setup onboarding form you can complete online. All you need to do is sign up, and then SKM will provide you with all the necessary templates and instructions through email or phone call. We’ll also provide the perfect team of professionals who can help with each step along the way.

Worry not; we’ve thought of everything, so you don’t have to. Everything from company opening in Singapore to filing your incorporation documents to transacting business in Singapore.

Step III: Company Register in Singapore Service Due Diligence

It’s important that you select the right Singapore company registration service provider for your business. Your chosen company should have everything in place to minimize the risk of you getting caught up in a scam.

Some businesses will do a background check with the Companies and Intellectual Property Office of Singapore (CIPOS), but this is not always the case.

Step IV: Choose Your Singapore Company Registration Package

You are now ready to start your Singapore company registration process. You can pick from a variety of packages that will suit your needs. Most company registration services in Singapore agencies will have packages that you can pick from, ranging from the most basic to full-service packages that will even introduce you to the local bank manager with a great referral.

Step V – Sign Your Singapore Company Registration Documents

Your Singapore company registration process can be completed in a few simple steps, and the following documents will be required for ACRA to approve your Singapore company registration. Your business registration services in Singapore agency can help you complete this step by providing the company registration application form, Companies & Trade Unions Act, Proprietorship Act, and other required documents from us.

Step VI – Legally Operate Your Company in Singapore

It’s time to register your company in Singapore. If everything works out, you will be able to legally operate in Singapore within one day. With the right details and documentation arranged, Singapore company registration can be simple for you.

Wrapping Up

The trick is to pick the right Singapore company registration service provider. While all of these service providers are officially registered with the Singapore Government, you will still find services of varying quality.

Pick the right Singapore company registration service provider, get registered with the Singapore Government, and see how quickly and easily you can start making money!