Where to Start When Registering Your Company in Singapore
First thing’s first, you’ll need a registered Singapore company incorporation service to set up your new business in Singapore. This is mandated by the Singapore Government, and their Singapore Accounting and Corporate Regulatory Authority (ACRA). Using a registered company incorporation service ensures that you can easily comply with any local laws and regulations, by letting the service do the heavy lifting for you. A good incorporation service will walk you through every step of the Singapore company registration process, and even sort out meetings with local banks and law services. Our one piece of advice would be to pick your Singapore company incorporation service carefully – there are plenty out there, but you get what you pay for. Look for a service provider that has been around a long time with proven results. Now that we’ve covered incorporation services, let’s go on to the documents you’ll need to get ready to get your new Singapore company set up in just 1 day.
What Are the Initial Documents Required to Set up Your Singapore Company in 1 Day?
The first documents you need to submit to register your company in Singapore are pretty straight forward. Remember, you’ll be providing these documents directly to your Singapore company incorporation service provider, who will then deal with the ACRA, the government agency who will approve your application.
Documents Needed When Incorporating in Singapore as a Foreign Individual
If you’re an entrepreneur who would like to set up your company in Singapore, you will need to prepare the following documents:
- - Proof of overseas residential address.
- - A copy of your passport.
- - A description of the intended business activity.
Pretty simple right? Assuming you have a good incorporation service, they will even give you the templates to make sorting out these documents hassle-free.
As you can see, there is not a whole lot to do here, so filling out the documents can be done within 1 day.
There are a few notes to be aware of when incorporating a company as an individual.
- - You are more than welcome to set up a company in Singapore as a foreign individual, however, you must appoint a Singapore resident as a director to observe ACRA’s rules.
- - Once you have incorporated your business in Singapore however, you can own 100% of your company’s shares, as well as be a foreign director.
Read more about Singapore Company Registration at Singapore Company Incorporation website.
