Singapore Company Incorporation Services
Singapore is one of Asia’s leading hubs for finance, services, and trade — making it an attractive destination for businesses to establish themselves. While the incorporation process can seem complex, Stead makes it simple and hassle-free.
Our team provides end-to-end support, guiding you through every requirement quickly and accurately so your company is set up in full compliance with Singapore regulations. With Stead, starting your business in Singapore is straightforward, efficient, and stress-free.
Types of Business Structures in Singapore
Private Limited Company (Pte Ltd)
Private limited corporations are firms with fewer than 50 shareholders. These shares are not available to the public.
This company form is ideal for entrepreneurs and Singapore domestic companies alike. A pte ltd company offers the most versatile company structure because it is a separate legal entity from its directors and shareholders; it has limited liability because shareholders are not accountable for debts in excess of the agreed-upon shared capital; and you can flexibly handover the company’s ownership. Therefore, you will be required to create a business bank account.
Limited Liability Partnerships (LLP)
LLPs enable businesses to function as partnerships while benefiting from the advantages of a private limited corporation. As LLPs are distinct legal entities, partners shall not be held accountable for any company losses or obligations.
Sole Proprietorship
Conversely, a sole proprietorship is a separate legal entity from the company owner. With a sole proprietorship, there are no partners in a company and the owner can keep all earnings. However, there are higher risks involved. Because the company has full responsibility, the proprietor is personally liable for all of the company’s obligations. To form a company as a sole proprietor in Singapore, you need to be a Singaporean, Permanent Resident, or holder of an Entrepreneur Pass.
What is ACRA?
The Accounting and Corporate Regulatory Authority (ACRA) of Singapore is in charge of all business entities, corporate service providers, and public accountants in the country. Their function is to fill the gap between company compliance and public accounting laws in Singapore regarding statutory audits. They are primarily in charge of the management of accountants, companies, and business name registrations, while also representing the Singapore Government in international matters pertaining to the regulation and registration of business enterprises, corporate service providers and public accounts.
Requirements of Singapore Company Incorporation
Company Name
The first stage is to verify that the company name chosen is not already in use by submitting a request to Singapore’s Accounting and Corporate Regulatory Authority (ACRA).
Company Secretary
Within six months after company establishment in Singapore, a firm must hire a qualified company secretary. Additionally, the company secretary should be a Singaporean or Permanent Resident.
Shareholders
A corporation must include at least one shareholder and a maximum of 50. Additionally, your stockholders might be either domestic or international, and 100% foreign shareholding is permitted.
Directors
Directors of a Singapore organisation might be either local or foreign residents. Corporate directors, on the other hand, are not authorised. An organisation must employ at least one Singaporean director. A Singapore resident is a Singapore citizen, permanent resident, or bearer of a Singapore Employment Pass. Foreign-owned companies might choose from these local director options.
Registered Address
The necessary minimum paid-up capital for business registration is S$1. The share capital of your firm can be expanded at any time by bringing new funds.
Share Capital
Every business needs to have a local registered location in Singapore in which all legal documents must be stored. This is normally your workplace address. A registered office has to be accessible to the public throughout regular business hours, although it is not required to be the location of the company’s activities. All company owners and executives should give ACRA their residence address at the time of company formation.