Audit & Assurance
July 18, 2016
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Company Incorporation & Business Registration

Setting up a business in Singapore can be time consuming to meet with several requirements. Making a good start is half the battle won. With Prelude’s expertise behind you, you can be confident to charge ahead with your business strategies.

More information on the types of business entity that can be registered as well as their respective requirements can be found here

We cater to all your needs – our incorporation services range from basic essential services to highly customized concierge services.

Our Basic package for your essential company incorporation includes –
• Constitution of the company
• Share certificates
• E-notice of company name
• E-notice of incorporation
• ACRA company business profile document
• Minutes of first board meeting
• Dedicated incorporation specialist to address your queries
• Business start-up kit and reference materials

 

How to register a company in Singapore (foreigners)

If you are a non-Singapore resident seeking to register or incorporate your company in Singapore, do note the following –
• Do not attempt to register on your own. Non-Singapore residents are prohibited from registering a company. Instead, seek help from a registered filing agent to handle the registration process
• You require a EntrePass if you plan to operate your company locally

 

Documents required for incorporation in Singapore

Here is a list of the documents required to be submitted to ACRA. Depending on the nature and residency of your business, you may be required to submit other documents not included in the list below –

  • Particulars of Directors, Shareholders and Company Secretary
  • List and brief description of business activities
  • Proposed name of company
  • Constitution of company
  • Registered address of company office
  • Singapore Residents must submit a copy of their Singapore identity card
  • Foreign Entrepreneurs must submit a copy of their passport and residential address proof (overseas)
  • Foreign Companies must submit Memorandum & Articles of Associations

 

How long is the registration process?

The time it takes to register a Company in Singapore may be within a day. However it may take 14 days to 2 months if application needs to be referred to another government agency for approval as per the list of Referral Authorities

 

Goods and Service Tax (GST) Registration

If the expected annual turnover of your new company is more than S$1 million, your company must register for GST.

For your GST-registered company, you will need to charge the applicable GST rate (7%) to the consumers of your goods and services. And, the amount has to be remitted to the tax authorities. GST filing is a compliance requirement for all GST-registered businesses.

More information on GST registration requirements can be found on IRAS page here

 

Annual Filing and Income Tax Requirements

Prelude can assist you in your annual filing requirements and compliances as required in the Singapore Companies Act.

For more details on this, please refer to  Annual Filing Requirements for Singapore Companies.

For more information on Prelude’s accounting services, click here

 

INTERESTED TO BETTER EQUIP YOURSELF FOR SUCCESS?

As we always advocate – “Planning ahead is the key to all success”. Be informed of the practical options and approaches available with Prelude’s Business Start-ups Seminar.

 

COME SPEAK WITH US TO FIND OUT HOW WE CAN HELP YOU.

 

Other Services

To find out more about our other services, click here

 

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