Things to Remember When Incorporating a Company in Singapore

Ranked as the 2nd best nation in the world to do business, Singapore is a land of lucrative opportunities for investment. Let’s guide you, step by step, on how to incorporate your own business in Singapore.

Who Can Incorporate a Company in Singapore?

Provided you meet the required criteria, anyone can register a company in Singapore with relative ease. If you are a foreign investor however, you will need to use a registered Singapore company incorporation service to comply with the Singapore Accounting and Corporate Regulatory Authority (ACRA).

Don’t worry, this is a good thing! A good company incorporation service advisor will help make the process as quick and easy as possible, as it’s their job to advocate for you in this undertaking.

 Incorporating a Company in Singapore as a Foreign Individual

As a foreign entrepreneur, you can set up your company yourself, but you must appoint a local Singapore resident as a director to comply with ACRA. However, after you’ve actually incorporated your business in Singapore, you can own 100% of the company shares, while being a foreign director.

You’ll need to provide your chosen Singapore company incorporation service provider the following:

  • Residential proof of overseas address
  • Copy of your passport
  • A reference letter from your bank
  • Business profile
  • Personal profile

 Incorporating in Singapore as an Existing Foreign Corporation

Our foreign company to have a presence in Singapore, you can incorporate as a subsidiary, representative office, or bank office.

As well as the documents needed to incorporate a new company as above, you’ll need to provide your Singapore company incorporation service the following:

  • Certificate of Incorporation of the Parent company
  • Particulars of your Shareholders
  • Memorandum and Articles of Association

Read more about Incorporating a Company in Singapore at Rikvin.com

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