Company Formation in
An economic hub in Asia with a friendly and transparent business environment
Why incorporate in Singapore ?
A strategic geographical location, serving as a bridge between Southeast Asian nations and a gateway connecting Asia to the rest of the world.
Robust and all-encompassing intellectual property protection.
100% company ownership for foreign entrepreneurs.
-
100% online, quick, and legal procedures:
+ Fast Singapore company registration.
+ Straightforward Singapore company administration service.
+ Easy capital increase and share issuance.
Corruption free Regulatory Framework and Environment
-
Irresistible low Singapore corporate income tax rate:
+ Attractive corporate income tax incentives for both established companies and startups.
+ Double tax avoidance agreements with over 70 countries.
How does Koobiz facilitate the incorporation of a company in Singapore in easy steps?
Leave Us a Message
Your all-inclusive Singapore company registration service with absolutely no concealed charges.
Establish Your Business in Singapore
Start your Singapore business today from only US$1,039!
FAQs
Step 1: Get Your Company Name Approved
To begin the process of registering a company in Singapore, the first step is to reserve your company name through ACRA’s online portal, Bizfile+. Before proceeding, make sure the name you choose is available by using the business entity search feature on the ACRA website. To avoid any disputes in the future, your company name must not be identical to any existing names or trademarks.
When submitting your name application, you will need to specify your business activities by selecting the most relevant Singapore Standard Industrial Classification (SSIC) code.
Once your name application is approved, you must complete the company incorporation process within 120 days. If you fail to do so, you will need to start the process over and pay the S$15 company name registration fee again.
Step 2: Prepare Your Documents Company Constitution:
You can customize the standard company constitution recommended by ACRA. This document outlines your Memorandum of Association and Articles of Association to define your organizational structure, shareholder agreements, and the rules for governing your business.
Consent from each company director.
Consent from the company secretary.
Declaration of the company's controllers.
Step 3: Submit application to ACRA and pay the S$315 fee
Take note of the following before submitting your company incorporation:
For Singapore residents. When you have all the required documents, log in to Bizfile+ using your Singpass to submit your application. Under the eServices menu, navigate to "Local Company" followed by "Start a New Local Company". Click on "Application for New Company Name" and complete the form. You will need to provide the transaction number of your approved name application to proceed with incorporating a local company. Once your incorporation application has been approved, BizFile+ will email the appointed officers (e.g. directors, shareholders and company secretary). All appointed officers must endorse their appointments in BizFile+ within 60 days from the date of the email to complete your company registration.
For non-residents. Foreigners without a Singpass will need to use a registered filing agent to submit the company name and incorporation applications on their behalf. To ensure your business meets legal requirements, Koobiz's company incorporation and accounting include your nominee director, company secretary and registered Singapore address in one package.
We'll ask you for this information:
Company name
Directors' particulars
Shareholders' particulars
We'll provide the following:
Corporate Secretary particulars
Nominee Director particulars (if required)
Local address (if required)
Company Constitution
The cost to start a company in Singapore is low. The initial capital required is S$1. Later on, you can inject more funds into the business. Just notify the authorities when this happens.
It's also legal to issue shares without first receiving money from shareholders. Just make sure these amounts are paid in. Or, indeed, simply wait until you have the capital before issuing shares.
Companies in Singapore are required to have at least one director. A director is a person appointed by the shareholders to manage the company’s daily affairs. The director is responsible for making strategic and operational decisions and ensuring that the company meets its statutory obligations.
Every company in Singapore must have at least one director. Here are the basic requirements for a company director in Singapore:
At least 18 years old;
Of full legal capacity;
Can be of any nationality;
Ordinarily resident in Singapore: A Singapore Citizen, Singapore Permanent Resident, or holder of an EntrePass/Employment Pass (EP).
An EP holder wishing to become a director of a local company must first obtain a Letter of Consent (LOC) from the Ministry of Manpower (MOM).
Individuals with a Foreign Identification Number (FIN) are advised to check with the relevant authorities (e.g., MOM/ICA) regarding their eligibility before registering or appointing (e.g., as a Director or Secretary).
Singapore is considered a tax haven due to its attractive tax incentives and robust financial security. With low tax rates and tax exemptions for businesses in specific sectors, such as offshore transactions and global trade, Singapore has emerged as an international financial center that draws strong investor interest. Furthermore, its banking security is highly ranked, placing in the top 5 of the 2020 Financial Secrecy Index and holding over 5% of the global market share in financial services.
However, being labeled a tax haven does not diminish Singapore's appeal to investors. On the contrary, this designation reinforces Singapore’s position as an international business hub and global trade center, making it an ideal destination for entrepreneurs and investors worldwide.