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Incorporation

FAQ (Frequently Asked Questions)
Incorporation

What are the basic requirements for incorporation in Singapore?

  • Proposed company name
  • Registered address
  • Nature of business (maximum 2)
  • Paid up capital
  • Director and Shareholder
  • Identity Card (IC) copy (for local) and passport copy (for foreigner) of directors and shareholder
  • Residential address (proof of address is required, e.g. Phone bill, utility bill. etc)
How long does the incorporation process take?

Company incorporation can be done within few hours for non-complicated case and is subject to Accounting Corporate Regulatory Authority (ACRA) approval.

What are the requirements for foreigner to set up a company in Singapore?

For foreigner who want to set up a company in Singapore, you need to appoint a local director who must be either a Singapore Citizen or Singapore Permanent Residence (SPR).

Who is eligible to act as the Director of a Singapore Company?

A natural person who has attained the age of 18 years and is not disqualified from acting as a director as specified under the Companies Act Chapter 50 is eligible to act as a Director of a Singapore Company.

How many directors are required for opening a company in Singapore?

Singapore Company can be incorporated with a single director. However please note that at least one of the director must be a Singapore local resident (Singapore Citizen or Singapore Permanent Resident).

Is it mandatory to have Company Registered Address?

Yes, it is mandatory to have a Singapore address for your Singapore Registered Company. You may subscribe to our registered address service here.

Is it mandatory to appoint a Company Secretary?

Yes, under section 171 of the Companies Act requires a company to appoint a company secretary.

When do I need to appoint a Company Secretary?

All companies in Singapore must appoint a Company Secretary within six (6) months after its incorporation. Our incorporation packages already inclusive of secretarial services for one (1) year therefore our clients can ensure this mandatory requirement is compliant. Clients can chose to renew our Company Secretary services from 2nd year onward with a moderate retainer fees of $360/- per year or take up our Company Secretary & Tax reporting package that inclusive of 1 fresh year of Company Secretary Service and all mandatory reporting at a modest fees.

What is paid-up capital?

Paid-up capital is the total amount of capital that invest by shareholders. 

What is the minimum paid up capital?

The minimum paid-up capital requirement for setting up a company in Singapore is S$1.00.