Company Formation

Singapore Remote Company Formation + Multi Currency Account

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Form Your Singapore Company with Ease

2 days incorporation & annual support

Singapore bank account arrangement

24 hour local representative support

 

What Savvy Startups Need to Know

Here are some essential things you need to know to get started.

 

 

Process Time

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The incorporation procedure is , but the entire process can take around 2 weeks, including the engagement planning, company name check, the appointment of director, shareholders and secretary.

Basic Requirements

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  • Minimum paid-up share capital as one Singapore Dollar (SGD).
  • No restriction to the nationality of directors and shareholders.
  • It is mandatory that in Singapore. To comply with this, you can hire a nominee director.
  • One Singapore local registered office address which must be a physical address.

Registered Address

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  • Your company will be using the prestigious address at The office located at this address is managed professionally to ensure compliance with Singapore’s corporate regulations.

 

 

Accounting & Tax

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    • The Singapore Companies Act requires all companies in Singapore to maintain proper books of accounting in accordance with the Singapore Financial Reporting Standards (IFRS).
    • Newly incorporated Singapore Pte Ltd is eligible for the . The company can enjoy a 75% discount on the first SG$100,000 chargeable income and another 50% discount on the next SG$100,000 of that income of a financial year for three consecutive years of assessment.

Point to Notes

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  • Singapore Pte Ltd (Private Company Limited by Shares) is a separate legal entity from its members, officer, and manager, so they are and losses of the company.
  • It is the most preferred commercial entity for doing business in Singapore. 

 

Registration Made Easy

It is simple, really. Our dedicated specialists will guide you from start to finish while you sit back and focus on your business.

 

1. Prepare passport & address proof

2. Secure a business name

3. Acquire approval from ACRA

4.  Receive electronic docs for new business

 

 

Why Singapore?

Discover why you should invest in one of Asia’s top economies today.

 

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Strategic Location

Home to the busiest airport in Southeast Asia, Singapore has access to key markets of 2.8 billion.

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FinTech Evolution

Singapore has a strong fintech ecosystem that supports the creation of digital banking platforms such as Aspire.

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Quality of Life

Singapore provides all of its residents with excellent public and private housing, high-quality healthcare, and a safe environment

 

 

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Labor Force

As a well-developed and knowledge-based economy, Singaporean workers are some of the most competitive in the world.

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English Speakers

With English as the main language used in schools and businesses, Singapore is empowered by a strong workforce.

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Capital Markets

As the 3rd largest foreign exchange centre in the world, Singapore houses the major foreign exchange dealers.

 

Can foreigners open a business in Sinapore?

Singapore is very accepting to foreigners or international nomads who wish to incorporate. The sole requirement is that you must have a Singapore national or permanent resident act as a resident director. A nominee director can be hired to fulfill this requirement, and you as a foreigner can be appointed as another director of the company.

What is the role of nominee director?

The nominee is a Singaporean resident who is appointed to take the role of a director of your company’s board of directors on behalf of the beneficiary owners. The nominee director has the same statutory obligations and responsibilities under the Singapore Companies Act and the common law. However, you are still in full control of your company because the nominee cannot exercise directorship power without the owner’s consent. 

In other words, there should be two (or more) directors if you are interested in our ‘Starter’ or ‘Premium’ package: you and the nominee, whilst all shareholders can be foreigners.

What is the role of nominee director?

The nominee is a Singaporean resident who is appointed to take the role of a director of your company’s board of directors on behalf of the beneficiary owners. The nominee director has the same statutory obligations and responsibilities under the Singapore Companies Act and the common law. However, you are still in full control of your company because the nominee cannot exercise directorship power without the owner’s consent. 

In other words, there should be two (or more) directors if you are interested in our ‘Starter’ or ‘Premium’ package: you and the nominee, whilst all shareholders can be foreigners.

What is an employment pass?

It is a kind of working visa issued to various professionals. It allows you to work for a specific company and bring your family to Singapore and it is renewable after 1 to 2 years of stay. 

If you apply for an Employment Pass for your new company as the director, you will only need the nominee director service when you are waiting for the approval, which is about half a year. You can be the sole director of your company afterwards.  

How does the incorporation process do?

We need foreign directors and shareholders to provide a copy of their passport and proof of foreign address. Then you will need to reserve a company name and have it approved. You will need to provide the proposed English name of your company and its business activities. 

We will prepare all the essential documents and submit them to ACRA (Accounting and Corporate Regulatory Authority). After your application is submitted to the BizFile+ (ACRA’s online filing and information retrieval system), the approval can be done within one business day. Then you will receive the electronic copy of the Certificate of Incorporation and the Busineass Profile of your company. You’ll have everything ready to soar high!

What types of business require a license in Singapore?

Certain activities in Singapore require your company to acquire proper licenses, such as: educational institutions, employment agencies, financial services, import / export of goods, liquor / tobacco distributors, moneylenders, restaurants, and travel agencies.