To set up a private limited company in Singapore, there are a few necessary steps required to comply with the legal and regulatory requirements of the country. Quick
guide listed below:
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Company Name: Above all, the unique name of the company has to be selected. It has to be approved by the Accounting and Corporate Regulatory
Authority (ACRA), and it should not be identical or similar to any other company name. -
Determine the Type of Company Structure: A private limited company (Pte Ltd) in Singapore requires at least one shareholder, one director, and a
company secretary. The director should be a resident of Singapore, while the company secretary is to be appointed within six months after the date of incorporation. -
Prepare the Documents Required: These would be a copy of the firm’s constitution commonly referred to as a memorandum and articles of association-
basically known, identification of shareholders and directors, proof of residence address in Singapore, and a resident address. -
Prepare the Necessary Documents: File all the required documents with ACRA for the incorporation of your company. This can be done online through
ACRA’s BizFile+ portal. In fact, this should go quite seamlessly and take just a day, provided the documents are in order. -
Other Legal Compliance: Upon successful registration, the company shall open a corporate bank account and shall comply with requirements about
taxation.
For the assistance of the registration process and full compliance with the law, services like
One IBC Singapore can provide professional support to make the
setup of your business in Singapore smooth and efficient.