Incorporating and growing a business in Singapore can be a rewarding endeavor due to the country’s business-friendly environment, strong legal framework, and strategic location in Asia.
Incorporating a company in Singapore requirements are:
Incorporation Process:
- Choose a Business Structure: Select the most suitable business structure for your company. A Private Limited Company (Pte Ltd) is a common choice due to limited liability protection.
- Company Name Reservation: Choose a unique and available company name, and check its availability through the Accounting and Corporate Regulatory Authority (ACRA). You can reserve the name online.
- Appoint Directors and Shareholders: Appoint at least one director and one shareholder. Directors can be foreigners, and 100% foreign ownership is allowed.
- Appoint a Company Secretary: Appoint a qualified company secretary within six months of incorporation. The secretary must be a natural person and a resident of Singapore.
- Register Your Company with ACRA