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Singapore – the playground of Asia, is known for its ease of doing business, robust IP protection, attractive corporate tax framework, excellent connectivity, strategic geographical location with proximity to the world’s largest emerging markets, and comprehensive trade agreements with over 100 regions of the world.
Moreover, it is a top-notch financial center with the availability of affordable funding for new start-ups or established companies, under the Singapore Government supported umbrella programme ‘Startup SG’. All this makes the city-state the best place in Asia to incorporate a new company, open a subsidiary, or just have a branch or representative office.
Once you have decided so, there are five(5) different types of entities to choose from:
It must also be noted that ACRA – the Accounting & Corporate Regulatory Authority of Singapore, mandates that all Singapore companies must be registered under the country’s Companies Act and abide by its rules and regulations. And to register or incorporate a private limited company, the key requirements are:
Meanwhile, to incorporate, you will be required to submit a copy of passport, proof of residential address and bank reference letter for every non-resident shareholder and director; whereas for each resident shareholder/director, documents needed are a copy of Singapore ID, and copy of passport for foreign individuals.
If the shareholder is a corporate entity, documents needed are a copy of the parent company’s certificate of incorporation, and a copy of official documents reflecting the registered address and directors of the parent company.
Here at SBCS, we are able to assist you in incorporating your company including:
To support new businesses in Singapore, we offer ready-made company formation packages designed exclusively to meet the needs of Foreign Entrepreneurs, Foreign Companies and Singapore Residents.