Singapore, widely touted as Asia’s leading business hub, is also the stepping stone for companies looking to enter into the Asia Pacific market. With Singapore’s strict regulations and processes, it is important to engage the right support to facilitate a smooth and efficient incorporation process.
Where do I Start?
Which profile best suits your business needs? A company based overseas but is currently looking to expand to Singapore? Or a Singapore-based company looking to expand further? Take a look at our key points for the profiles below. Do contact us for further enquiries into incorporation services!
Local Company Incorporation Key Points
- Proposed company name. (Client is highly recommended to give more than 1 option to facilitate efficiency in checking the availability of the name.)
- Resident Local Director – Minimum 1
- Shareholders – 1 to 40
- Paid-up capital – Minimum S$1
- Registered Singapore office address is required prior to incorporation
- Company Secretary – It is required to appoint a company secretary within 6 months of incorporation
Foreign Company Incorporation Key Points
- Any natural person above the age of 18 can apply for company incorporation. Given that he/she has not been convicted of any prior legal offence or bankruptcy.
- Foreigners must obtain a work visa/pass such as an Employment Pass or EntrePass to work in Singapore
- As a foreign director, if you are not looking to relocate to Singapore, you would need to appoint a nominee director in your place. The nominee director has to reside in Singapore.
- Before incorporation, you need to consider which type of entity is best suited for your company.
- Though incorporation is done via online, it is recommended to engage a professional service to aid you in the process.
