Yes, it is possible to register a company in Singapore online. The Singapore government has implemented an electronic filing system called BizFile+ that allows individuals and businesses to register and manage their companies online. Here are the steps to register a company in Singapore online:
1. Company Name Reservation: Before registering your company, you need to ensure that your desired company name is available and meets the guidelines set by the Accounting and Corporate Regulatory Authority (ACRA) of Singapore. You can check the availability of the name through the ACRA website.
2. ACRA Registration: Once you have a name, you can proceed with the company registration process on the ACRA website. You will need to create an account on BizFile+ if you don’t have one already.
3. Company Information: Provide the necessary information about your company, such as the registered address, directors’ and shareholders’ details, and the company’s business activities. Make sure to have all the required documents and information ready, including identification documents of the directors and shareholders.
4. Appointment of Officers: Assign directors, company secretary, and other officers as required by the Singapore Companies Act. At least one director must be a resident of Singapore, which means either a Singapore citizen, permanent resident, or an Employment Pass/EntrePass holder.
5. Share Capital: Decide on the share capital structure of your company and allocate shares among the shareholders. You will need to indicate the amount of share capital and the number of shares held by each shareholder during the registration process.
6. Company Constitution: Prepare a company constitution or adopt the model constitution provided by ACRA. The constitution outlines the rules and regulations governing the company’s internal affairs.
7. Registration Fee Payment: Pay the applicable registration fees online through the BizFile+ platform. The fee varies depending on the type and structure of your company.
8. Submission and Approval: Review the information you have provided and submit the registration application. ACRA will process the application, and if all the requirements are met, your company will be approved and registered. You will receive an email notification once the registration is successful.
It’s important to note that certain types of businesses may require additional licenses or permits depending on their nature, such as for financial services, food establishments, or import/export activities. After company registration, you may need to fulfill any specific industry-related requirements.
It is advisable to seek professional advice or consult a company registration service provider to ensure a smooth and compliant registration process for your company in Singapore.