Guide To Singapore Private Limited Company Registration

• Company Name: Decide a company name and check the availability for Singapore incorporation. The proposed company name must be approved before the company Singapore incorporation procedure begins (Company name approval could be obtained by filing the company incorporation Singapore application with the ACRA).
• Directors: It is mandatory for every company to appoint at least one resident director for starting a company in Singapore (a resident here means a Singapore Citizen, a Singaporean Permanent Resident, or a person who has been issued an Entrepass or Employment Pass) – there is no limit on the number of additional local or foreign directors a Singapore Company can appoint for setting up a business in Singapore.
• Shareholders: In Singapore, a private limited company can have a minimum of 1 to a maximum of 50 shareholders. The shareholder can be a person or another legal entity e.g. another company or trust. A director and shareholder can be either the same or a different person. In addition, Singapore allows 100% local or foreign shareholding for starting a business in Singapore.
• Company Secretary: According to Section 171 of the Singapore Companies Act, every Singapore company formation is mandatory to appoint a qualified company secretary (must be a natural person who is ordinarily resident in Singapore) within 6 months of its Singapore incorporation.
• Paid-up Capital: The minimum paid-up capital for Singapore company registration is S$1.
• Registered Address: Having a registered local address is a must when you want to register a Singapore company. The registered address must be a physical address (where it can be either a commercial or a residential address) but not a P.O. Box for open company in Singapore.

• The filing of the company incorporation Singapore request as well as the approval from the ACRA can be completed upon the approval of company name.
• A registration fee of S$300 has to be paid to the ACRA when incorporating a private limited liability company.

A)Documents Issued:

• Certificate of Incorporation: The applicant will receive an official email notification confirming the incorporation of the company from ACRA. The email notification is the official certificate of incorporation in Singapore where it contains the company registration number (A hard copy of the certification of incorporation is no longer issued and you can get the hard copy upon request with a fee of S$200 after setting up a business in Singapore)
• Company Business Profile: A business profile that includes the details of the company can be obtained from the ACRA upon request with a nominal application fee after setting up a company in Singapore. The business registration Singapore document, which is a PDF file, is usually ready for download within an hour of the request and contains details as follows:
  • Company name and registration number;
  • Previous names for the company (if any);
  • Date of incorporation;
  • Principal activities;
  • Paid-up capital;
  • Registered local address;
  • Particulars of shareholders
  • Particulars of directors
  • Particulars of company secretary

In Singapore, the email notification of Singapore incorporation and company business profile are sufficient for all legal and contractual purposes that include opening of corporate bank accounts, signing office lease, subscribing to telephone/internet services, etc.

B) Other items needed upon registration of a Singapore company:

• Share certificates for each of the shareholders
• Share register indicating shares allotted to each of the shareholders
• Opening a Corporate Bank Account

C) Applying for Business Licenses after register business Singapore if required

D) Goods and Service Tax (GST) registration if revenue is expected to be more than S$1 million annually.

E) Annual Filing Requirements