Company Formation
In Singapore
WHY SET UP A COMPANY IN SINGAPORE?
- Good reputation
- Political stability
- Secure your intelligent property
- Attractive tax rates
- 100% foreign ownership and absence of exchange controls
SUITABLE INDUSTRY GROUPS
E-commerce
Finance
Investment
Set up a company in Singapore now!
SERVICE SCOPE
Set up a Private Limited Company (Pte. Ltd)
1. Company Registration
| Services | Status |
|---|---|
| Name reservation |  |
| Preparation of incorporation documents | |
| Registration with Accounting and Corporate Regulatory Authority (ACRA) | |
| Electronic Certificate of Incorporation | |
| Decision to open bank account | |
| Extract of Company Profile from ACRA | |
| Share certificate | |
| Company seal (optional) | |
| Company rubber stamp (optional) | |
| Preparation of company compliance document set | |
| ACRA Compliance Alert & Reminder | |
| Professional fee & submission | |
| Company secretary service for 1 year | |
| Company security deposit | |
2. Government Fees & Office Address
| Services | Status |
|---|---|
| Government fees | |
|
Registered office address for 1 year
|
|
3. Nominee Director in Singapore
| Services | Status |
|---|---|
|
Singapore companies required to have at least one resident director in Singapore (local director). Residents are defined as Singapore Citizens, Singapore Permanent Residents, or individuals holding Entrepass or Employment Pass. Note: If you are unable to provide a local director from your side, Offshore Company Corp can meet this legal requirement. |
|
Singapore Company Formation Process
Preparation
Provide company information
Payment
Completion
DOCUMENT REQUIREMENTS
- Passports of Shareholders/Beneficial Owners and Company Directors
- Proof of residential address for Directors and Shareholders
- 3 potential company names with the suffix "Pte. Ltd" in accordance with Singapore government regulations
- Capital structure and Business plan of the company
Services Fees
Company Formation in Singapore starting from
- Process takes 1-2 working days
- 100% success rate
- Quick, easy, and absolute confidentiality
FAQ
To set up a company in Singapore, investors need to meet the following essential conditions and requirements:
1- Director requirement
It is mandatory for a company to have a designated Director (Nominee Director) or SPR (Singapore Permanent Resident - residing in Singapore). The Nominee Director does not intervene in the company's business operations but is legally responsible for the company's activities.
If foreign investors wish to personally carry out the duties of a resident director in Singapore, they may consider residing in Singapore under the EntrePass or Employment Pass program.
Thus, a Singapore company must have at least 01 managing director who is a local resident: Singapore Citizens, Singapore Permanent Residents (PRs), or individuals holding Entrepass or Employment Pass.
2- Secretary requirement
In addition to the designated director, after incorporation, the company also needs to appoint an additional secretary who is a Singaporean citizen. Currently, in Singapore, hiring secretary services is quite common to assist foreign investors in establishing companies in Singapore.
3- Company address requirement in Singapore
The office address in Singapore can be a rented address; however, approval from housing management authorities such as the Housing Development Board or Urban Redevelopment Authority is required to register as the company's registered address.
4- Paid-up capital requirement of the company
According to regulations in Singapore, the minimum paid-up capital to establish a company is $1, and there is no maximum capital requirement or authorized capital.
A "Nominee Director" is a financial term used in the business field, referring to a director appointed to represent someone else or a company, such as a bank, investor, or lender, on the board of directors of a company.
Role of a Nominee Director:
A private company in Singapore must have at least one local resident director according to Singapore Company Law. The local resident director can be one of the following:
Nominee Director Service at JNT:
If you are a foreign entrepreneur or business entity and do not have a suitable person to act as a local director, you can use JNT's Nominee Director service to meet the legal requirements.
Contact us today for consultation and support:
Hotline: (84) 93 193 6 222 (Julie Nguyen)
- Choose the bank you want to open an account with
- Visit the bank directly or fill out an online application form (It is advisable to visit the bank directly as some banks require the Director or authorized person to be present)
- Submit the required documents and a deposit to maintain the account
- Once the bank reviews and approves your application, your corporate bank account will be opened.
Private Limited Company (Pte Ltd)
Sole Proprietorship
Limited Liability Partnership (LLP).