A Comprehensive Guide For Foreigners

Singapore stands as a premier global business hub, attracting entrepreneurs worldwide. If you want to start a business here, knowing how to register a company in Singapore is very important. This guide explains the process step by step for foreign individuals and companies. Singapore’s business-friendly rules and strong legal system make company registration in Singapore a smart choice. We will show you each step so you can get started easily.

Key Requirements for Foreign Entrepreneurs

Before you begin the company registration in Singapore process, you must meet some rules. These rules help you follow Singapore’s laws.

  • Appoint a Resident Director:
    You need at least one director who lives in Singapore. This person can be a Singapore citizen, Permanent Resident, or an EntrePass holder.

  • Provide a Local Registered Address:
    Every company must have a real address in Singapore. This is for government contact and legal notices.

Essential Appointments and Roles

Every company must appoint a qualified company secretary within six months of starting. The secretary must live in Singapore. Their job is to help the company follow the law and file the right paperwork.

You also need at least one shareholder. This can be a person or a company. Singapore allows 100% foreign ownership, so shareholders do not need to be Singaporeans.

These steps are all part of Singapore company registration.

Step-by-Step Guide to Company Registration in Singapore

Follow these easy steps for a smooth and legal company setup in Singapore.

Preparation

1 Pick your company type
First, decide your business type. Most people choose Private Limited (Pte Ltd).
You need a shareholder, a local address, and a resident director. Also, only S$1 is required for paid-up capital.
ACRA: Setting up a local company
2 Reserve a company name
Next, choose a unique name. Make sure it is clear and not offensive.
Because some names may be similar to existing ones, avoid names that copy others. Once approved, your name is reserved for 120 days.
ACRA: Choosing a company name
3 Prepare your documents
Then, gather your officers’ details, such as for directors and secretary.
In addition, prepare your company address, share information, and constitution.
ACRA: Company Constitution ACRA: Step-by-step to set up
4 File your application
After that, submit your application with BizFile+ and pay the fee.
You’ll get your company number and documents after approval. As a result, keep these documents safe.
ACRA: Submitting your application

Application & Appointment

5 Appoint your officers
Next, appoint at least one resident director. You must also have a company secretary within six months.
In addition, check that both meet all requirements.
ACRA: Appointing directors & company secretary
6 Register controllers
Then, keep a Register of Registrable Controllers. Every new company must do this at setup.
After any change, update the register within two days.
ACRA: RORC guidance (PDF)

After Registration

7 Get CorpPass
After registration, apply for CorpPass. You need CorpPass to use government websites.
Therefore, set this up early.
CorpPass FAQ
8 Register for tax & GST
Next, check your tax and GST needs. For example, the corporate tax rate is 17%.
Register for GST if your turnover is above S$1 million.
IRAS: Registering for GST
9 Get business licences
Sometimes, your field may need special licences.
For example, food, finance, and healthcare have extra rules. Always check if you need a licence and apply early.
GoBusiness Licences
10 Stay compliant
Finally, keep your records organized and secure. Decide your financial year end early.
Always meet deadlines for AGMs and annual returns. As a result, your business stays in good standing.
ACRA: AGM & Annual Return
Tip: Always keep your setup documents. You will need them for banks and licences.

Company registration in Singapore is just the beginning. After registering, your business must meet ongoing compliance needs. These include filing your financial statements and tax returns every year with ACRA and the Inland Revenue Authority of Singapore (IRAS).

In addition, you must keep your records and statutory registers accurate and up to date. This is required by law, and it helps your business avoid penalties.

Because compliance can be complex, many companies choose a corporate service provider to help manage these tasks. As a result, your business will stay in good standing and you will have peace of mind for the long term.

Navigating how to register a company in Singapore can be easy if you have the right support. When you understand the main requirements and follow the steps, foreign entrepreneurs can set up companies smoothly.

Singapore’s friendly business environment, along with efficient processes, makes it a great place to start your next business. Therefore, working with experts helps ensure a smooth company registration in Singapore experience and ongoing compliance.

Scroll to Top