What are initial requirements to register a company in Singapore?

Minimum one director and one shareholder. Local resident director(s). A local registered address in Singapore.

What kinds of business are allowed in Singapore?

Generally, no restrictions except for financial services, education, media-related or other politically sensitive businesses.

Do I have to file annual returns for my Singapore company?

In Singapore, it is mandatory for a company to file annual returns with Accounting and the Corporate Regulatory Authority (ACRA), and annual tax returns with the Inland Revenue Authority of Singapore (IRAS).

Can a foreign individual or corporate have complete ownership of a Singapore company?

Definitely, yes. According to Singapore Companies Act, 100% ownership of a Singapore company is permitted, either for a local person or a foreigner.

Which taxes must a company in Singapore pay annually?

A Singapore company is basically taxed for its profits, regardless of the sources. For the first three years, the company is levied from 0% to 17% depending on its incomes. After that, the tax rates are 8.5% and 17%, respectively for the first 300,000 SGD and the remainder.

Singapore company formation Services with bank account

Benefit

Company Registration in Singapore

Private Limited Company

Benefit

Pro-business environment with corporate income tax capped at 17%

Partial tax exemption scheme for companies and new startups in Singapore

Avoidance of Double Taxation Agreements with over 70 countries

Investment Guarantee Agreements with 41 countries

Free Trade Agreements with 26 countries

The largest corporate banking centre in Asia

Excellent standards of livings

Well-developed financial markets and system

Feature

Private Limited Company

At least one director

Local registered address

Incorporation accomplished within 3 hours

Customized company package

No hidden fee

All-in-one service

Bring your next business venture online

Say goodbye to traditional paperwork and embrace the convenience of online business incorporation.

Enjoy a hassle-free experience as you bring your business to life.

Say goodbye to traditional paperwork and embrace the convenience of online business incorporation.

Enjoy a hassle-free experience as you bring your business to life.

BBCIncorp Client Portal -
Bring your next business venture online

Streamlined process

Experience a streamlined process that puts you in control. Start at your own pace and minimize waiting time for back-and-forth email communication.

E-signature

Digitally sign and share documents securely, eliminating the need for physical signatures and cumbersome paperwork. So you can collaborate with your partners with ease.

Digitized KYC

Effortlessly declare your information with our standardized forms and organizational charts. Simplify the KYC process and gain peace of mind with our digitized solution.

Centralized management portal

24/7 access to company documents on high-security cloud infrastructure. And no worry about key compliance deadlines with auto reminder.

Company Incorporation For Locals And Foreigners

Singapore's company formation process varies depending on your residency.

Whether you're a local resident or a foreign entrepreneur, trust us to guide you through the complexities of company incorporation with ease.

For Local & Permanent Residents

Hassle-free process tailored to locals and permanent residents. Start your business journey confidently.

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For Foreigners

Expert guidance for foreigners. Fulfill legal requirements, appoint resident director, and launch successfully.

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Singapore company formation process

steps to register a company in Singapore

Step 1: Select company name and types

To set up a company in Singapore, you must first acquire a name that's available and in line with statutory requirements.

Typically, there are universal guidelines to choosing a name for your business: availability, appropriateness and uniqueness. As for choosing an entity type, it's best to go with the one that suits business needs to the most.

Step 2:Submit application

You will need to ascertain information on the directors, shareholders, or other key personnels, in prelude to submitting them along with your chosen company name to the Accounting and Corporate Regulatory Authority (ACRA).

Step 3:Apply for business license

By law, all companies must obtain a business license as either as a sole trader or a registered business. Depending on the nature of your business, additional vetting by industry-specific inspectors and consulting agencies may become a prerequisite before your application is approved.

Step 4:Open a bank account

The final step before your company can get off the ground is to open a bank account.

Neobanks like Aspire, Wise, Payoneer can speed up the process exponentially with their cloud-based solutions. For a more robust option, you can also consider opening traditional bank accounts in Singapore which is considered a banking hub on a global scale.

Step 5:Stay compliant

Singapore is among the top jurisdictions for doing business in its region. This presents a higher compliance ceiling for those who wish to incorporate here, with key requirements being the annual returns filing, registered office maintenance, etc.

What documents to prepare?

Passport of all shareholders/directors
Address proof of all shareholders/ directors i.e. identity card, bank statement, driving license, utility bill
10-seconds selfie video of each member holding his/her passport, and speaking their name, passport number, and the service you need

Singapore incorporation checklist download

Chart out a clear roadmap towards company formation with our Singapore Incorporation checklist. Start your journey with the following insights on

Company pre-incorporation requirements
Compact guideline of application procedures
Checklist of business licenses
Post-incorporation and annual compliance keynotes

How we register your companyin 4 easy steps

Place your order

Enter our online order platform for easy onboarding experience and tailor your orders. We have different packages and additional services that suit your goals. All information filled in is secured over 256-bit encrypted line.

Make payment

Your settlement can be made online via Credit card, Debit Card. Bank wire transfer is also acceptable.

Collect and verify KYC documents

Once we've received your payment, our customer service will contact you to process the neccessary paperwork. We'll guide you to properly prepare documents for incorporation via KYC online form. And you can also access our digital Client Portal to proceed with the incorporation steps and keep track of the process anytime, anywhere.

Singapore company registration

The electronic documents are ready after 1 working day of Singapore company registration, and it takes 3-7 day for courier the original ones.

Company Name
Check

Check if your company name is available today with our Entity Name Check Tool.

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Wish to get a hassle-free Singapore company incorporation?

Just get in touch with us. We typically response within 2 hrs.

Frequently Asked Questions

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corporate structure

compliance tasks

taxation

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Company Incorporation
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Company Registration in Singapore