Our Accreditations & Licenses

Benefits of Starting a Business in Singapore

  1. 01Situated at the centre of Southeast Asia
  2. 02Significant government income and a stable economy
  3. 03One of the most competitive tax systems globally
  4. 04World-class physical and digital infrastructure
  5. 05Promotes innovation and growth by providing grants to startups
  6. 06Productive, skilled and highly-educated workforce
  7. 07Fast and easy incorporation due to minimal bureucratic regulatory systems
  8. 08One of the least corrupt countries worlwide
  9. 09Flexible immigration policies and options to become a permanent resident
  10. 10Unrestricted currency and 100% foreign ownership

Company Formation Singapore – How to Register

With incorporation services from Bolder Launch, company formation in Singapore is a breeze. Still, there are things you need to consider, such as the annual audit, financial reporting and statutory filing requirements. We can help you avoid missing documentation, legal, tax, accounting and regulatory rules! We will help you formulate the best corporate structure for your company in Singapore and ease the entire process into simple steps that include:

  1. 01Apply for name of approval. Approval is valid for 120 days.
  2. 02Complete the application form.
  3. 03Review the application form and carry out client due diligence.
  4. 04Upon approval of client acceptance, documentation is filed with ACRA.
  5. 05 Incorporation is confirmed by ACRA.

Contact us for a free consultation, and quote, to see what the required solution would be for your firm.

Timeline and procedure of Singapore company formation

December 31, 2018

Step One: Fill out the order form (1 day)

The client must complete the questionnaire, provide due diligence documentation and settle fees

December 31, 2018
December 31, 2018

Step Two: Review of documents (1 day)

Bolder Launch reviews information and prepares pre-incorporation documents

December 31, 2018
December 31, 2018

Step Three: Execution of documents (1 day)

The client must execute pre-incorporation documents, and Bolder incorporates upon receipt

December 31, 2018
December 31, 2018

Step Three: Preparation of corporate documents (1 day)

Bolder Launch prepares corporate documents, including registers, share certificates and order company stamp

December 31, 2018
December 31, 2018

Step Three: Submission of documents ACRA (1-4 days)

Bolder couriers all corporate documents

December 31, 2018

Alternatively, Bolder Launch can assist you with remote or online company registration in Singapore. Additional charges for expedited services apply.

Types of Businesses to Register in Singapore

Sole Proprietorship

This is the simplest form of business structure, but also the riskiest. It’s typically only available to residents.

Partnership

A partnership is made up of two or more co-owners of the company and has no independent legal existence.

Private limited company

A private limited company limits the business’s liability and taxes it at the corporate income tax rates.

Public limited company

A public limited company must have at least 50 shareholders and shares may be sold publicly.

More information can be found in our downloadable fact sheet below.

Singapore Company Formation – Why Work with Bolder Launch?

Bolder Launch has opened global entrepreneurship to all types of SME entrepreneurs. We are a leading one-stop corporate service provider in Asia, and our team can assist you with company incorporation in Singapore and ensure a smooth start-up.

We work efficiently, professionally and with transparency. Once you’ve decided to launch your business in Singapore, our entrepreneurial team members provide free startup advice and offer fixed, affordable prices.

In addition to company registration and incorporation, our list of services also includes offshore company formation, company secretary services, tax and accounting services, business support and corporate secretarial services.

Mike Francombe

Head of Corporate and Private Singapore

Our Singapore Company Formation Services

Bolder Launch provides incorporation services for all kinds of businesses looking for expanding avenues in Singapore. We can help SMEs and multinational companies from around the world to set up and accomplish business goals in Singapore. Our extensive services include:

Company Formation

Company Formation

Market Entry

Corporate Support

Relocate Staff

Relocate Staff

Corporate Support

Market Entry

Accounting

Accounting

Legal

Legal

Locations We Serve

Give Your Business a Headstart in Singapore


The Americas

  • United States
  • Cayman Islands
  • British Virgin Islands
  • Nevis
  • Curaçao

EMEA

  • The Netherlands
  • Luxembourg
  • Switzerland
  • Slovakia

Asia

  • Singapore
  • Hong Kong
  • The Philippines

Frequently Asked Questions

Anyone, regardless of nationality, who is at least 18 years old and has not been declared bankrupt may set up a company in Singapore.

Here are the following requirements for setting up a Singapore company: 

  • At least one director must be a natural person over the age of 18 and a Singapore resident. 
  • A natural person who is a shareholder can also be a director of the company. 
  • A qualified company secretary who should be a Singapore resident. 
  • A registered office address in Singapore. 
  • A paid-up capital of at least $1. 

That is unfortunately not possible. All foreigners are required by the Singapore Company Law to use the services of a licensed corporate service provider to incorporate a company in Singapore.   

You do not need to be physically present in Singapore to set up a company. Without your physical presence in Singapore, all paperwork related to incorporation can be completed online. However, the bank authorities may demand an interview with one or more of the company's key personnel as part of the KYC procedures. Meanwhile, you might be required visit to Singapore for the purpose of opening a bank account. 

Yes, a foreign person or entity may own 100% of a Singapore company, as stated in The Singapore Companies Act. The company is not subject to any limitations regarding the kinds of business activities it may engage in, and no special authorisations are needed. As a result, when it comes to forming a Singapore company and conducting business in the country, the Singapore Companies Act does not make a distinction between local and foreign persons or entities. 

There are several business structures for individuals or foreign companies who want to conduct business in Singapore: 

  • Sole-Proprietorship 
  • Partnership 
  • Limited Partnership 
  • Limited Liability Partnership (LLP) 
  • Private Limited Company (the most common and flexible business entity) 

Remember that all companies in Singapore are required to register and abide by the Companies Act of the country. 

After the due diligence has been cleared, the actual incorporation of a company can be completed in a matter of hours because the entire procedure is computerised. However, the overall process could take a day or even a few weeks depending on various factors like gathering the required documents, name reservation and signing of incorporation documents. 

A business license from the appropriate regulatory body may be necessary, depending on the type of business you are planning to operate. Fortunately, Singapore has few formalities and doesn't require licenses for most businesses. You can be sure that your license application will be approved in a timely manner even if one is necessary. 

The total amount of capital paid in full by the company's shareholders is referred to as paid-up capital, also known as equity or share capital. A Singapore company must have $1 in paid-up capital as a minimum. However, a higher paid-up capital may be necessary as part of the licensing requirements if the company is regulated and needs a license. 

Yes. Within six months of incorporation, all Singapore companies are required to appoint a company secretary. The company secretary is in charge of communicating with the regulatory bodies in Singapore, submitting required paperwork and guiding directors on compliance and legal obligations

Guide to Singapore Company Formation

Download our free fact sheet to learn more about Singapore Company Formation!

Learn how to cultivate a business idea, create a business plan, explore funding strategies and start your business with our comprehensive fact sheet around Singapore company formation and more.