Singapore is the fourth largest international financial center in the world,With superior nature、transportation、Environmental and policy conditions,Continue to attract a large number of overseas companies and individuals to register companies。The Singapore government updates preferential measures for small and medium-sized enterprises every year,Timely grasp of these policies is particularly important for investors planning to implement them.。
Singapore company registrationPreferential policies
- Government subsidies and fund support
- Rapidly enhance the company's brand international visibility
- Tax rate concessions,Achieve legal international tax planning
- Domestic trade to foreign trade,Get more tax exemption opportunities
- Effectively avoid trade barriers
- Create favorable conditions for moving to Singapore
Basic requirements for company registration in Singapore
Company Name
Company name must be in English,Currently, Chinese name registrations are not accepted。The proposed name must not use sensitive words,nor with existing companies、The names of enterprises or organizations are the same or highly similar,At the same time, it cannot overlap with a reserved name or the name of a government agency.。The Registrar has final discretion based on approximation,decide whether to approve。
Company address
Must provide a local registered address in Singapore;If address changes,Must notify the Accounting and Corporate Regulatory Authority of Singapore (ACRA) within 14 days。
Business scope
Each company can choose up to 2 business projects。
Registered capital
The minimum registered capital is S$1,No upper limit。Singapore companies usually have no hard payment deadline requirements,No stamp duty is levied。The registered capital can be expressed in Singapore dollars or other commonly used foreign currencies.,But it is recommended to use new currency。
company director
Directors must be natural persons over 18 years of age。The board of directors may consist of one or more directors,But there must be at least one local director。Local directors refer to holders of Singapore passports、Those with permanent resident status or Entrepreneur Pass。
company shareholders
No restrictions on shareholder composition,Can be a natural person or a company,and allows 100% control by non-Singaporeans and non-Singapore companies。
Registration time
The statutory time limit for ACRA to review pre-registration applications is 14 working days,It usually takes 3 to 5 working days to be approved.。
Singapore companyRegistration process
- Fill out the registration application form
- Submit proposed company name to ACRA,Waiting for approval (approval time is generally 1 working day)
- After the name is approved,Draft relevant signature documents based on the name
- Submit signed documents to ACRA and pay for registrationcost,Waiting for approval (approval time is usually 3 to 5 working days)
- ACRA officially approves company establishment
Singapore company registration fees
Official registration fees must be paid to ACRA during the registration process,The specific amount depends on the company type and registered capital.,and changes with the government's annual fee adjustment。Applicants should pay the fee when submitting signed documents,to obtain approval。
The above are the basic requirements and procedures for company registration in Singapore.,If further assistance is needed,Welcome to contact professional consultants。
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