COMPANY SETUP, INCORPORATION & REGISTRATION SERVICES
Start your business in Singapore smoothly
Setting up, registering, and incorporating a company in Singapore is no easy task, but BoardRoom provides all the services necessary to walk you through the process with maximum ease and efficiency. Our dedicated, professional, and highly knowledgeable team of company incorporation specialists possess an in-depth understanding of the procedure from start to finish.
Our experts will also ensure that all companies going through the setup, registration, and incorporation phases adhere to Singapore’s legal and regulatory requirements. The process will be conducted as smoothly as possible so that you can concentrate on running your business with complete peace of mind.
We’ll help you get off the ground
BoardRoom is committed to helping businesses thrive and works closely with many Singapore companies in guiding them through the setup procedure. Whenever a firm uses our services, we will assign a professional and knowledgeable account manager to them to establish a single point of contact that allows for clear communication.
We have an undeniably successful track record as we have been providing company setup, registration, and incorporation services to a wide range of businesses for over 50 years.
01 Company set up, registration, and incorporation services in Singapore
- Wide-ranging advisory services for company registration and incorporation in Singapore in accordance with the Singapore Companies Act
- Incorporation and registration services for public and private limited companies, enterprises, trust bodies & non-profit organisations in Singapore
- Foreign company registration / company branch office set up in Singapore
- Registration (and renewal) of representative offices
- Registration of businesses in Singapore
- Registration of Limited Liability Partnerships
- Company registration and incorporation assistance in other Asia-Pacific countries, including Hong Kong, Malaysia, Australia, China, etc.
02 Why set up and incorporate a company in Singapore?
If you’re thinking of choosing Singapore as the country to incorporate your new company, you’re on the right track. Together with Hong Kong, Singapore has consistently been rated as one of the most business-friendly countries in the world. Of the countless thriving businesses that have roots in Singapore, many attribute their success to the country’s streamlined company setup and incorporation process. Here’s some of the reasons why:
Advantageous tax system
In Singapore, local and foreign companies alike are charged 17% of their income as tax. This is already a comparatively low rate when compared to tax systems in other countries, but Singapore has a wealth of additional benefits as well. In their first 3 years of operation, new start-ups are, as of 2020, exempted from 75% of their tax up to $100,000 and a further 50% on excess earnings. On top of this, Singapore’s tax system is streamlined, easy to navigate, and offers yearly rebates.
Easily navigable business world
Another huge benefit is the ease of conducting business in Singapore. The economy is one of the strongest in the world and with English being the country’s official language, business is highly accessible even for foreigners. On top of this, Singapore is known for having an extremely straightforward company incorporation process – especially with services from BoardRoom.
Favourable government policies
Singapore also has several government policies and arrangements which make company incorporation a breeze. Firstly, businesses are free to be 100% foreign owned. Secondly, double taxation agreements with over 100 jurisdictions mean you won’t be taxed twice on the same earnings. Lastly, the Singapore government has organised a wide range of start-up support programmes to help kickstart and drive new business growth in the city.
Company incorporation in Singapore can be tricky, especially when it comes to complying with the various rules and regulations. If you require help with this, contact us and take full advantage of our services and team of experts.
Why Choose BoardRoom?
Because we help take your business further, faster, at all stages
BoardRoom is Asia-Pacific’s leader in Corporate and Advisory Services including Regional Employee Plan Services, Regional Payroll Services, Corporate Secretarial Services, Share Registry Services, Accounting and Taxation Services, Payroll Outsourcing, and Human Resource Outsourcing.
For over 50 years, we have supported companies in navigating through complex operational and regulatory policies and cultural sensibilities. We are well-positioned in Asia-Pacific with offices in Singapore, Australia, China, Hong Kong, and Malaysia, as well as an extensive partner network throughout Asia.
BoardRoom is the partner of choice for many Fortune 500 multinational companies, public listed and privately owned enterprises.
Frequently Asked Questions (FAQs)
1. How do I set up a company in Singapore?
There are several steps that need to be followed when setting up a company in Singapore. First and foremost, you will need to choose a company name and decide what type of company you want to establish. Options include an exempt private company, private company limited by shares, public company limited by shares, public company limited by guarantee, unlimited private company, unlimited exempt private company, or unlimited public company.
From there, you need to decide when your financial year ends and determine what you need to file every year. On top of that, it is essential to appoint company directors, secretaries and other key personnel while also working out the share capital and the shareholders within the business. A registered office address and constitution will also need to be provided.
More details about company incorporation in Singapore can be found here.
This process can be a lengthy one, but with the help of BoardRoom, it becomes much quicker, convenient and seamless. Contact us should you have any queries or require assistance or advisory services for company registration and incorporation in Singapore.
2. What do I need to incorporate a company in Singapore?
Incorporating or registering a business in Singapore can be a relatively straightforward process. However, the degree of complexity will largely depend on your company structure and intention.
You will need to make decisions on the following:
- Company Name
- Type of Business Activity
- Appointing Directors, Company Secretary and Other Key Personnel
- Share Structure
- Registered Office Address
- Company Constitution
- Financial Year End
For these reasons and more, many companies choose to outsource their company registration to a firm like BoardRoom.
3. How much does it cost to open a company in Singapore?
The basic company registration fee in Singapore is $300, however, there are several other charges that you will need to pay and take note of prior to the completion of the set-up process. A full list of company-related fees can be found here.
To ensure a fuss-free company set up and registration process, BoardRoom is committed to walk you through the incorporation procedure from start to finish, so that you can hit the ground running when your application is approved by Singapore’s Accounting and Corporate Regulatory Authority (ACRA).
4. What are the requirements to register or incorporate a company in Singapore?
Singapore’s company registration process consists of six key requirements.
- The business must have between 1 and 50 shareholders. In Singapore, 100% of the company can be owned by foreign shareholders.
- A share capital minimum of $1 is needed to set up a company in Singapore
- Company directors must be named. Directors can be both Singapore citizens and foreigners, but at least one must be a Singapore resident.
- A company secretary must be appointed within six months of the incorporation date.
- A registered address in Singapore must be provided, and it must be where the company keeps all its statutory documents. This means the address provided during the company registration process cannot be a PO box.
- Lastly, a company name that has been pre-approved by Accounting and Corporate Regulatory Authority (“ACRA”) to be given.
5. How to start a company in Singapore for foreigners?
Foreigners can open a company in Singapore almost as easily as a Singapore resident can with minor differences. It is important to note that foreigners must appoint a local Singaporean director and work closely with a registered filing agent to register their company.
Another challenge is in setting it up correctly – especially as a foreigner without any understanding of the tax and legal systems. This is why many foreigners who set up a business in Singapore choose to do so with the help of a corporate secretarial firm, like BoardRoom.
6. Why should you choose BoardRoom as your preferred incorporation service provider?
Company incorporation can be a lengthy and complicated process in Singapore as there are many steps to take before the registration procedure is complete. BoardRoom has a team of professional and knowledgeable staff with plenty of experience in helping people set up their businesses in the country.
Get the assistance you need during the set-up, registration and incorporation phases while also ensuring every step you take is in accordance with legal and regulatory requirements. BoardRoom is committed to being there with you from start to finish and providing peace of mind assisting in every way possible during the set-up of your company in Singapore.