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