Company Incorporation Services in Singapore

The cost of incorporating a company in Singapore depends on the services required. Basic incorporation services typically include company name reservation, company registration with ACRA, preparation of the company constitution and issuance of incorporation documents.

At Accounting Consultancy Pte Ltd, our company incorporation fee starts from S$915 (exclusive of GST). We also offer incorporation packages that include company secretary services to help businesses meet their ongoing compliance requirements

Most companies can be incorporated within 1 to 2 business days once all required information and documents have been submitted. In many cases, ACRA approval can be obtained within a few hours if the proposed company name and business activities do not require referral to other government agencies.

However, incorporation may take longer if the application requires additional review or approval from regulatory authorities.

Our team will guide you through the entire process, from company name reservation and document preparation to successful incorporation, ensuring a smooth and efficient experience.

To incorporate a company in Singapore, the following information and documents are generally required:

• Proposed company name
• Description of business activities
• Identification documents of directors and shareholders (NRIC or Passport)
• Residential address of directors and shareholders
• Shareholding structure and paid-up capital information
• Contact details of the company officers

Additional documents may be required depending on the shareholder structure, nationality of the shareholders and directors, or specific regulatory requirements.

Our team will advise you on the required documents and assist in preparing the necessary paperwork to ensure a smooth incorporation process.

Yes. Foreigners can incorporate a company in Singapore and enjoy the same benefits as local business owners. Singapore is one of the world’s leading business hubs and is well known for its pro-business environment, strong legal framework and attractive tax system.

A foreigner may own 100% of the shares in a Singapore company. However, Singapore law requires every company to appoint at least one director who is ordinarily resident in Singapore. If you do not have a local resident director, nominee director services may be required.

Our team can assist foreign entrepreneurs with company incorporation, company secretary services, nominee director arrangements (where required) and ongoing compliance matters.

No. In most cases, you do not need to be physically present in Singapore to incorporate a company. The incorporation process can generally be completed remotely, provided the necessary information and supporting documents are submitted.

Our team can guide you through the incorporation process, assist with document preparation and liaise with the relevant authorities on your behalf. Depending on your business requirements, certain post-incorporation matters such as corporate bank account opening may require additional verification by the respective financial institution.

We work with both local and overseas clients and can help make the incorporation process as smooth and convenient as possible.

Singapore company can be incorporated with a minimum paid-up capital of S$1. Paid-up capital represents the amount invested by the shareholders in the company and can be increased at any time after incorporation if required.

While S$1 is the minimum statutory requirement, businesses may choose a higher paid-up capital depending on their operational needs, industry requirements or business objectives. Certain regulated industries may have additional capital requirements imposed by the relevant authorities.

Our team can advise on an appropriate capital structure based on your business activities and future plans.

A Singapore company must have at least one director who is ordinarily resident in Singapore. This may be a Singapore Citizen, Singapore Permanent Resident, or a person holding a valid Employment Pass, EntrePass or Dependant’s Pass with a local residential address, subject to the relevant requirements.

A company may appoint more than one director if required. There is no restriction on the maximum number of directors. The directors are responsible for managing the affairs of the company and ensuring that the company complies with its statutory obligations.

If you are a foreign entrepreneur and do not have a local resident director, nominee director services may be required to satisfy the statutory requirement.

Yes. Under the Singapore Companies Act, every company is required to appoint a company secretary within six months from the date of incorporation.

The company secretary plays an important role in helping the company meet its statutory compliance obligations. Responsibilities typically include maintaining statutory registers, preparing and filing Annual Returns, monitoring compliance deadlines and ensuring that company records are properly maintained.

Many businesses engage a professional corporate secretarial firm to fulfil this requirement and ensure ongoing compliance with ACRA regulations.

Yes. Every Singapore company is required to maintain a registered office address where official correspondence and statutory notices can be sent. The registered office address must be a physical address in Singapore and cannot be a P.O. Box.

The registered office must be accessible to the public during normal business hours, although certain exemptions may apply depending on the circumstances.

If you do not have a suitable business address, registered office address services may be available. Our team can advise on the available options and help ensure your company complies with the statutory requirements.

A shareholder is a person or entity that owns shares in a company and has an ownership interest in the business. Shareholders are entitled to certain rights, such as receiving dividends and voting on important company matters.

A director, on the other hand, is responsible for managing the affairs of the company and making decisions on its operations and business activities. Directors have legal duties and responsibilities under the Singapore Companies Act and must act in the best interests of the company.

A person can be both a shareholder and a director of the same company. In many small and medium-sized businesses, the business owner is often both the shareholder and director of the company.

Bookkeeping focuses on recording daily financial transactions, while accounting involves reviewing, analysing and reporting financial information to support business decisions and statutory compliance.

After a company is incorporated in Singapore, it must comply with various statutory and regulatory requirements. These obligations help ensure that the company remains in good standing with the relevant authorities.

Common compliance requirements include:

• Maintaining proper accounting records
• Appointing and maintaining a company secretary
• Maintaining statutory registers and company records
• Holding Annual General Meetings (where applicable)
• Filing Annual Returns with ACRA
• Filing corporate income tax returns with IRAS
• Preparing financial statements
• Complying with GST requirements, if registered for GST

The specific compliance obligations may vary depending on the size and nature of the business. Engaging professional accounting and corporate secretarial services can help ensure that deadlines are met and compliance requirements are properly managed.

es. Most Singapore companies are required to file Annual Returns with ACRA each year. The Annual Return contains key information about the company and helps keep the company’s records up to date with ACRA.

The filing deadline depends on factors such as the company’s financial year end and whether the company is required to hold an Annual General Meeting. Failure to file Annual Returns on time may result in late filing penalties and enforcement action by ACRA.

Our corporate secretarial team can assist with the preparation and filing of Annual Returns to help ensure your company remains compliant with its statutory obligations.

Not all Singapore companies are required to undergo a statutory audit. Many small companies qualify for audit exemption if they meet the criteria for a small company under the Singapore Companies Act.

Generally, a company may qualify for audit exemption if it is a private company and satisfies at least two of the following criteria for the immediate past two financial years:

• Total annual revenue of not more than S$10 million
• Total assets of not more than S$10 million
• Not more than 50 employees

Even if a company is exempt from audit, it is still required to maintain proper accounting records and prepare financial statements. Businesses should assess their audit requirements regularly to ensure compliance with the applicable regulations.

Our team can help determine whether your company qualifies for audit exemption and advise on your reporting obligations.

While engaging an accounting firm is not mandatory, every Singapore company is required to maintain proper accounting records and prepare financial statements in accordance with the Companies Act.

Many business owners choose to outsource their accounting functions to ensure accurate record keeping, timely financial reporting and compliance with statutory requirements. Professional accounting services can also provide valuable insights into business performance, cash flow and profitability.

As your business grows, accounting requirements may become more complex, particularly if you have employees, inventory, GST obligations or multiple business transactions. Engaging an experienced accounting firm can help you stay compliant while allowing you to focus on growing your business.

GST registration is mandatory if your company’s taxable turnover exceeds, or is expected to exceed, the prevailing GST registration threshold prescribed by IRAS. Businesses that do not meet the compulsory registration threshold may choose to register for GST voluntarily if it is beneficial for their business.

Whether GST registration is appropriate depends on factors such as your business activities, customer profile, industry and future growth plans. Voluntary GST registration may provide certain advantages, but it also comes with additional compliance responsibilities, including GST reporting and record-keeping requirements.

Our team can assess your business circumstances and advise whether GST registration is required or suitable for your company.

Yes. We can provide guidance and assistance with the corporate bank account opening process after your company has been incorporated.

Different banks may have different account opening requirements, and the approval process is subject to the bank’s internal policies and compliance procedures. Common documents required include the company’s incorporation documents, business profile, information on directors and shareholders, and details of the business activities.

Our team can help you prepare the necessary documents and advise on the available banking options based on your business requirements. However, the final approval of the account remains at the sole discretion of the bank.

es. Nominee director services may be available for foreign entrepreneurs who need to satisfy Singapore’s requirement of having at least one director who is ordinarily resident in Singapore.

A nominee director arrangement is typically used when the foreign business owner does not have a local resident director. The nominee director acts solely to fulfil the statutory requirement and does not participate in the day-to-day management or operations of the business.

As nominee director services involve compliance and risk considerations, additional due diligence, documentation and security requirements may apply. Our team can assess your requirements and advise on the available options.

Engaging a professional incorporation service provider can help simplify the company setup process and ensure that your business starts on the right foundation.

A professional service provider can assist with company registration, preparation of incorporation documents, corporate secretarial matters and ongoing compliance requirements. This helps business owners avoid common mistakes, save time and focus on growing their business.

In addition, professional guidance can be valuable when considering matters such as shareholding structure, directorship requirements, company secretary obligations and post-incorporation compliance. Having experienced advisors to support your business can provide greater confidence and peace of mind throughout the incorporation process and beyond.

Yes. If your company already has an existing company secretary, you may appoint our firm as your new company secretary at any time. The process is simple and hassle-free. Simply contact us, and we will take care of the necessary procedures and coordinate the handover from your existing company secretary.

After your company is incorporated, you can start operating your business under the company name.

However, there are several ongoing compliance requirements that the company must fulfil each year. These may include:

1. Maintaining proper accounting records

2. Filing Annual Returns with ACRA

3. Meeting corporate tax filing obligations with IRAS

Our team can assist with your company’s ongoing compliance requirements, allowing you to focus on growing your business with peace of mind.