Incorporating Your Business In Singapore Has Never Been Easier
AG is an award-winning mid-tier accounting firm that has been trusted to help many small- and medium-sized businesses and multi-national corporations successfully incorporate in Singapore.
We offer the total package: a 360° solution that makes us a “one-stop-shop” for all your business needs. Our dedicated experts have extensive experience to guide you through the process step-by-step. Before you know it, you will be ready to start doing business in the Lion City and achieve the success you desire.
Our incorporation services cover all your needs:
Why Choose Our Company Incorporation Services?
Many corporations want to enter the Asian market, notably Singapore, which is often regarded as Asia’s premier economic hub. New company incorporation in Singapore can be difficult without the correct help and direction.
At AG, we have significant expertise and professional understanding of the business sector to assist enterprises — from tiny start-ups to major multinational organisations – in effectively incorporating. Our skilled consultants are committed to your company’s success; we will collaborate with you to understand your needs and provide customised solutions to help you reach your goals.
In addition to incorporation services in Singapore, we provide a comprehensive suite of services that will cover all areas of your company’s registration and administration. We work with you every step of the process to give as much assistance as you require, handling all business registration paperwork so you can free up your time and energy to manage the complexity of forming a company in Singapore. By handling your back-end incorporation needs, you can focus on strategic planning and business operations to help your firm flourish.
Rest assured that we will be there for you every step of the way, as continual technical assistance is critical. You will have peace of mind knowing that your firm is in compliance with regulatory regulations and is up to date on market changes. With our skills and knowledge, you can start and build your business with simplicity and confidence.
“Successfully set up a company for a foreign client with 2 multi-currencies bank accounts”
“Recommended by Enterprise Singapore (government agency) to help foreigners in company set up “
|You save S$1,327
|You save S$2,127
|Government charges (worth S$315)
|Bank account opening guarantee (worth S$1,000)
|Company registration (worth S$600)
|Set-up advisory (worth S$800)
|1 year basic secretary (worth S$600)
|1 year nominee director (worth S$3,500)
|1 year registered address (worth S$300)
Company Registration Process
Key documents to prepare before the incorporation process:
1. Company name
2. Singapore business address
3. Share capital (minimum $1)
4. Directors particulars (at least 1 local director is required)
5. Shareholders’ particulars (100% foreigner ownership is allowed)
6. Business activity
The application for a company name can be e-filed using the Bizfile website for a fee of S$15. The application is usually handled within 15 minutes of receiving the non-refundable money. The authorised name will be held for a period of 60 days.
Once your company name has been authorised, you can e-file your business registration application with all of your firm details, subject to an ACRA fee as shown below:
|Name application fee S$15
|Company limited by shares
|Company limited by guarantees
After paying the registration cost, you must wait 15 minutes for ACRA to accept or reject your application.
If the application must be sent to other authorities for approval, it might take 14 days to two months (e.g. a private school will be referred to the Ministry of Education)
Within three days after submitting your application for Singapore business incorporation, you must submit an online endorsement from the firm’s directors/secretary using BizFile.
If all goes well, you will receive an email with a download link for your company’s BizFile.
Our Boardroom Facility
Tips For Singapore Company Incorporation
During the formation process, many entrepreneurs make the error of failing to examine whether company structure is most suited to their firm, i.e. sole proprietorship versus Pte Ltd.
In the long run, this will have a substantial influence on the company’s tax and business plans.
For example, with a taxable income of S$300,000 in YA2017, the effective tax rates for a sole proprietorship and a Pte Ltd firm are 13.5 per cent and 5.7 per cent, respectively, if certain conditions are satisfied.
Sound brand strategy should begin as soon as a firm is formed. A good company name makes a strong first impression and helps you stand out from the crowd.
A good company name should be upbeat and simple to remember. Allow AG to incorporate your company and serve as your branding counsel to maximise the value of your firm.
A new start-up firm in Singapore is entitled to a complete tax exemption of up to S$200,000 for the first S$300,000 taxable income.
One of the exemption conditions is that the firm has no more than 20 shareholders and that at least 10% of the company shares are held directly and beneficially by an individual.
Certain enterprises are under the purview of regulated industries. As a result, before a company may be registered, it must first get an appropriate business license.
In Singapore, foreigners are permitted to hold 100% of a corporation. It is not required to have a local stakeholder.
S$1 is the bare minimum for share capital.
Companies in Singapore must have at least one local director. You can hire a nominated director if you don’t have one. If you are unable to identify a suitable resident director, we can also supply this nominee director service.
When all of the essential paperwork is ready, incorporation may generally be completed in 1 hour. However, if the application requires specific clearance from other government authorities, the incorporation procedure may take longer.
In Singapore, all businesses must have a local address. If you don’t have one, you can utilise our registered office address service. We will handle your incoming mail, scan it, and store it in our portal so that you may access it at any time.
You can apply for a Work Permit. An Employment Pass is a type of work visa that is granted to foreign professionals, executives, and technicians. It enables you to work and reside in Singapore. If your monthly wage is at least S$6,000, you can also bring your family to Singapore.
In Singapore, PTE LTD means private limited, which is a preferred business form for both local and international businesses. The organisation’s stockholders might range from one to fifty. If a person wants to form a Pte Ltd business in Singapore, they must be at least 18 years old.
This company form varies from a single proprietorship in that it is a legal entity distinct from its owners. A Pte Ltd firm has the legal power to buy and sell assets, as well as to sue or be sued by others. This business structure is appropriate for entrepreneurs who want to restrict their responsibility to the amount they put in the firm.
To establish a private limited company, you must have at least one director who resides in Singapore. Furthermore, they must be at least 18 years old. This position is open to anybody with Singapore citizenship, Permanent Resident status, an Employment Pass, or an Entrepreneur Pass. Your corporation may appoint as many directors as it thinks appropriate. You can employ a resident director (nominee director) or use our nominee director service if you do not have a local director.