Once your company has all of the information ready, log on to Bizfile to submit an application to incorporate the company.

• The fees involved in incorporating a company are:
  • Registration Fee: SGD$300
  • Business Name Application: SGD$15
  • All shareholders, directors, and company secretaries cited in your application must endorse their application online within 120 days of your application.

All companies in Singapore are required to submit their Company Constitution to ACRA which lists:

• Key characteristics of the company
• Rules and regulations of how it is to be internally governed
• How operations are carried out
• Stipulates rights and obligations of its participants including shareholders, directors, and company secretaries.

If you are a foreigner in Singapore, you are required to appoint a local director and also engage the services of a registered filing agent to submit the online application on your behalf.

Appoint an auditor <3 months of incorporation unless your company meets the requirements for exemption from statutory audit.

Most commonly the director would be a Singapore resident but there are other times, an E-pass holder could also become a director, subjected to the Ministry of Manpower’s Laws.

Acquire headcount to fill certain positions (One director >18 years old.)

Should your company have 20 or less shareholders who are not corporations, you may choose to set up an Exempt Private Company (Certain Exempt Private Companies need not lodge their financial accounts with ACRA).

Decide on which type of company to incorporate. It can either be private or public. Most startup would fall within the category of private (Private company <50 shareholders).

First have your company’s business name approved.