Company Incorporation for Singaporeans & PRs
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With HeySara mobile app, enjoy remote registration, digital signature and secure storage. Hassle-free, affordable and time-saving. Learn more about HeySara mobile app.
Receive $50 Cashback when You Open a Aspire Digital Bank Account
Sign up in 5 minutes. Deposit any amount to qualify for cashback. Other terms and conditions apply.
Add On Services
No deposit needed when acquired with secretarial, registered office address and accounting services.
Bank Account Opening Assistance
We will prepare the necessary paperwork for a smooth process. You can even open a bank account remotely without your presence required in Singapore at additional charge.
For local banks
Round self-inking stamp self-collected at our office. Delivery available with shipping fee.
Shipping fee excluded
Company Registered Address
Every Singapore company is required by law to have a valid Singapore address as registered address of the company.
Mail Scanning Service
An add-on to our registered address service, access your every mail on our secure cloud storage via our mobile app.
CorpPass Registration + CPF Account Opening
Required for online corporate transactions with the government (SingPass is also required).
One time fee
Other Services You May Need
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What you should know about Company Incorporation in Singapore
Why choose formation as a Singapore private limited company?
Singapore has a very stable economy, social and politics. The corporate tax rate is also considered low at 17% in ASEAN. Set up and incorporation is straight forward and after due diligence is completed, a company can be normally be incorporated within 24 hours.
Is a one-person company allowed in Singapore?
Yes, a company can be owned by a single person as sole shareholder and director. However, he will need to appoint a separate person to act as a secretary where a private limited company has a sole director. There is no requirement to be a Singapore resident to own shares in a private limited company.
What are the requirements for company registration in Singapore?
The incorporation process is relatively easy. We will require the identification and proof of address for the purpose of know your client (“KYC”) in the case of an individual and in the case of a corporation, we will require to have the business profile or its equivalent in the place of incorporation together with its certificate of incorporation. We will also require an organisation chart to prepare the required constitution of the company.
For the foreign based director, we will also require his proof of address and identification card for KYC purposes and for the preparation of his consent to act as a director.
What is a Constitution / Memorandum and Article of Association (M&A) of a company?
A Constitution is the basic documents detailing the roles and responsibilities of the directors, and shareholders. It will also detail the manner of conduct of shareholders and directors and the various authority given to the officers of the company.
Are there reasons for a delay in name reservation?
Normally, you can find out if the name is available or not within seconds. Unless, there is system maintenance at ACRA’s end and this would delay the name check process. Do also note that certain activities are subjected to further check and if your new company intends to be in the medical, legal, financial, futures, commodities, architecture or engineering industry, you may wish to speak with HeySara first before you go on to reserve the name.
Can I use home address to be the company address?
If your address is a private address, then yes you can. But having a residential address as a registered address may be prohibitive as you may find your supplier or creditors coming to your home. Statutory letters are also sent to your registered address. So it would be better if you can consider having an office address as your registered address.
HeySara provides not only a registered address, but we also offer shared office or hot desking at a monthly fee. Enquire with us.
How will I know when my Singapore company has been incorporated?
If you incorporate the company on your own, ACRA will send an email to the registered director’s email address. The UEN would be assigned at the same time.
What do I need to do after successfully registering my Singapore company?
You may consider appointing your accountant or payroll personnel to take care of your business. At HeySara, we have a team of professional who can assist you with these functions.
What is a UEN and can I choose the company’s UEN?
UEN is in short for Unique Identification Number. This UEN is used for all statutory transactions with the Singapore Governmental bodies. You can also choose your own UEN at a fee to be payable to ACRA. The nicer the number the more expensive it will be.
Can I nominate someone else as the director or shareholder of the company if I don’t want to be listed in public records?
Yes, you can appoint a nominee director or shareholder subject to the terms and conditions to be agreed between you and the nominees. However, we generally don’t encourage such arrangement as you may have difficulties to open banking account later on.
Even with such private arrangement, the nominee director will have to make a disclosure to the Company by naming his appointor and whereas for the nominee shareholder, he or she will have to make a disclosure to the Company on who his/her registrable controller is. This information will be filed with ACRA confidentially.
What is the minimum age requirement for directors and shareholders of a Singapore company?
To act as a director, the minimum age is 18 years old. As for a shareholder, he or she cannot be a minor. Hence, the minimum age is 21 years old.
What is the difference between an individual shareholder and a corporate shareholder?
Based on Companies Act, Cap. 50, an individual or corporation as recognised as a natural person. In short, there is no difference between having a individual or corporate shareholder. This really depends on the efficiency of your set up.
What documents are required to register a Singapore company?
As mentioned earlier, the minimum documents required are proof of address and identification papers for our KYC review. As HeySara is a regulated filing agent, hence it is bound under law to conduct a KYC on all clients.
How do I find out if the name of my company is available?
You can go to www.acra.gov.sg to check the availability of your desired name. Or alternatively, HeySara can help you to check on the availability. Once the name is available, you can pay a S$15 to reserve the proposed name for 120 days. During this period, you can incorporate your company anytime.
Can I appoint a local director and registered address for the company after incorporation of the company?
Of course you can. At HeySara we offer nominee director to act as your local resident director and also our office address for our registered address. We can also assist to scan your mails and then email to you at an affordable fee.
How much does it cost to incorporate a company in Singapore?
If you incorporate on your own, the cost is S$315 payable to ACRA. HeySara can assist you with the incorporation at a nominal fee.
How long does it take to incorporate a company in Singapore?
Normally a company can be incorporated electronically within 24 hours on your own. If you require HeySara to incorporate your company, we will require to perform KYC on your director and shareholders as well as your ultimate beneficial owner (“UBO”). Once the KYC is complete, we will assist to incorporate the company.
If you incorporate on your own, do note that you will not be able to register any foreign based directors. Only HeySara can register for you as we are a regulated filing agent.
What information is publicly available about a Singapore company?
You can buy a business profile and in the same documents, you can see basic:
- Name and UEN
- Paid up and issued capital
- Names of Auditors, Directors and Shareholders
- Last filed annual return and financial year end
- Charges, if any in the company’s name
- Shareholdings and types of shareholdings, if any
If a company had filed any electronic documents, you can also extract them via ACRA at a extraction fee depending on the number of documents extracted electronically.
I have read the term UBO at a few places, what does it mean?
Financial Action Task Force (FATF) defines beneficial owner as “the natural person(s) who ultimately owns or controls a customer and/or the natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement.” In short, any person who can exercise any form of ultimate control (direct or indirect) can be deemed to be a UBO.
What assistance does Singapore provide to startups?
Singapore is very generous to locally incorporated companies. As long you have 30% local shareholdings, you have many available grants and subsidies accorded by the Singapore Government to assist these companies to be efficient and digitally ready.
You can find out more here, or you can speak with our professionals to see which are the best grants suitable for the company.