General Guide to Company Incorporation SingaporeA presentation brought to youby OpenCompanySingapore.com

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Why Set Up a Business in Singapore? >>

• Singapore is considered a very attractive investment destination because it has many advantages for foreign investors, such as:

business-friendly legislation;

strategic location;

the most skilled labor force in Asia;

a wide network of double tax treaties. 

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>> Why Set Up a Business in Singapore?

• Furthermore, Singapore was declared the easiest city in the world to do business in.

• For 14 years now, Singapore is ranked the second city in terms of foreign investment possibilities provided for businessmen.

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Steps for Company Formation in Singapore

• There are several steps you must follow in order to open a company in Singapore. Here are the main ones:

Step 1 - choose a type of company;

Step 2 - comply with the Company Act;

Step 3 – register your company with the Accounting and Corporate Regulatory Authority (ACRA);

Step 4 – post-registration procedures.

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Choose a Type of Company in Singapore

Step 1

• Foreign investors wanting to register a company in Singapore must first take into account the type of company they want to open.

• They can choose between the following types of structures:

limited liability companies;

partnerships;

sole proprietorships.

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Step 2 Comply with the Company Act

• Foreign investors must respect the requirements of the Company Act in Singapore.

• All types of companies are required to:  

draft the Memorandum and Articles of Association of the company;

appoint a company secretary;

appoint a Singapore resident director;

have a registered address in Singapore.

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Step 3 Company Registration in Singapore

• Singapore companies must have at least one shareholder in order to be registered.

• All the necessary documents must be submitted with the Singapore Accounting and Corporate Regulatory Authority (ACRA).

• Our team of company formation experts in Singapore can handle for you the entire registration procedure.

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Step 4 Post-Registration Procedures

• Once the company is registered with ACRA, it will have to register with different authorities, among which: registration for the Singapore Goods

and Services Tax (GST); apply for the required business

license depending on the activity carried out;

registration for the Central Provident Fund (CPF);

registration for the Skills Development Levy (SDL).

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Company Formation Services in Singapore

• Our company formation firm in Singapore has helped numerous foreign businessmen start their companies in this city-state.

• Considering company registration in Singapore implies several phases, we invite you to contact our experts for a simplified procedure.

Thank you for your attention!

• Please contact us for more information at:

  + 852 8191 3385

office@lawyers-singapore.com

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