Bestar Singapore | #1 Company Incorporation & Registration Services
- Roger Pay
- 6 hours ago
- 4 min read
Bestar Singapore | #1 Company Incorporation & Registration Services
Forming a business entity in Singapore offers access to a tax-efficient economy, reliable infrastructure, and a trusted regulatory framework under the Accounting and Corporate Regulatory Authority (ACRA).
Bestar Asia
Bestar is an ACRA-registered Corporate Service Provider (RFA) offering end-to-end company formation, nominee director services, corporate secretarial support, and ongoing tax compliance for local entrepreneurs, foreign investors, and multinational subsidiaries.
Direct Answer: How to Incorporate a Company in Singapore
Setting up a Private Limited Company (Pte Ltd) in Singapore with Bestar takes 1 to 3 days.
┌──────────────────────────┐ ┌──────────────────────────┐ ┌──────────────────────────┐
│ 1. Name Reservation │───>│ 2. KYC & E-Signatures │───>│ 3. ACRA Lodgment & UEN │
│ BizFile+ & SSIC Codes │ │ Custom Constitution & F45│ │ Certificate & Bizfile │
└──────────────────────────┘ └──────────────────────────┘ └──────────────────────────┘
Mandatory Requirements Checklist
To meet statutory compliance under the Singapore Companies Act, every business entity must fulfill five essential criteria:
At Least 1 Shareholder: 100% foreign or local ownership allowed (individual or corporate entity).
At Least 1 Resident Director: Must be an ordinarily resident Singapore Citizen, Permanent Resident (PR), or eligible Pass Holder.
At Least 1 Qualified Corporate Secretary: Must appoint an ordinarily resident secretary within 6 months of incorporation.
Minimum Paid-Up Capital: Starts from S$1.00 in any major currency.
Local Registered Address: A physical commercial address in Singapore (P.O. Box addresses are not permitted).
Why Incorporate in Singapore?
Singapore remains Asia’s top financial and headquarters destination due to its competitive corporate framework:
Low Corporate Tax Rates: Single-tier territorial tax rate capped at 17%, with partial tax exemptions and full start-up tax exemption schemes available for qualifying new companies.
100% Foreign Ownership: Foreign investors and global parent firms can hold 100% equity without local partnership restrictions.
Zero Dividend & Capital Gains Tax: No withholding taxes on dividends distributed to shareholders and no capital gains taxes.
Double Tax Agreements (DTAs): Access to over 90 international tax treaties, preventing double taxation for cross-border expansion.
Step-by-Step Singapore Company Registration Process
Bestar provides a 100% digital onboarding workflow, allowing local and international founders to incorporate without physical travel.
1.Name Reservation & SSIC Code Selection:
Timeline: Day 1.
Bestar submits your proposed company name to ACRA via BizFile+. We perform trademark checks and select up to two primary Singapore Standard Industrial Classification (SSIC) codes to reflect your business operations accurately. Approved names are reserved for up to 120 days.
2.Document Drafting & Digital KYC Vetting:
Timeline: Day 1–2.
We prepare custom incorporation documents, including the Company Constitution, Form 45 (Consent to Act as Director), and Form 45B (Consent to Act as Secretary). Founders, shareholders, and directors execute all legal signatures via secure digital signing.
3.ACRA Filing & UEN Issuance:
Timeline: Day 2–3.
As your licensed Registered Filing Agent, Bestar lodges the electronic incorporation with ACRA. Upon approval, ACRA issues your official Certificate of Incorporation and Business Profile (Bizfile) containing your Unique Entity Number (UEN).
4.Corporate Banking & Operational Activation:
Timeline: Day 3 Onward.
With your UEN active, Bestar assists with local or international corporate bank account openings, regulatory licensing, GST registration, and Employment Pass (EP) applications.
Company Formation Packages & Cost Breakdown
Bestar offers clear, transparent fee structures with no hidden costs:
Fee Component | Estimated Investment (SGD) | Overview & Statutory Details |
ACRA Government Fees | S$315 | Mandatory statutory lodgment fee (S$15 name reservation + S$300 incorporation fee). |
Bestar Professional Formation Fee | S$650 | Full KYC verification, document drafting, digital e-signatures, and electronic submission. |
Corporate Secretary Service (Annual) | Custom Quote | Provision of qualified secretary, maintenance of statutory registers, and AGM/Annual Return filings. |
Nominee Director Service | Custom Quote | Fully vetted local resident nominee director for foreign founders requiring resident fulfillment. |
Registered Address Service | Custom Quote | Official downtown business address for legal correspondence and government mail forwarding. |
Key Solutions for Local & Foreign Founders
1. Singapore Resident Founders
Local entrepreneurs can launch a Private Limited company using their Singpass login. Bestar manages constitutional drafting, corporate secretarial appointments, and accounting system integrations.
2. Foreign Entrepreneurs & Global Businesses
Foreign investors can incorporate 100% remotely. Bestar provides comprehensive expansion solutions:
Nominee Director Services: Temporary or ongoing resident director representation to meet ACRA requirements.
Work Pass Support: Assessment and application assistance for Employment Passes (EP) via the MOM COMPASS framework or EntrePass options.
Subsidiary & Branch Office Setups: Registration for foreign corporations looking to open Singapore branches, subsidiaries, or representative offices.
Full-Service Ecosystem Support
Incorporation is the first step. Bestar provides full corporate support services so your company remains compliant with ACRA and the Inland Revenue Authority of Singapore (IRAS):
Accounting & Bookkeeping: Cloud-based financial ledger setup, monthly/annual accounting, ECI filing, and GST submission.
Tax Advisory & Corporate Compliance: Form C-S / Form C corporate tax filings, tax optimization strategies, and IRAS statutory adherence.
Audit & Assurance: Statutory financial audit services for small-to-medium enterprises and foreign subsidiaries.
HR & Payroll Outsourcing: CPF computation, statutory IR8A year-end reporting, and monthly payroll processing.
Launch Your Business with Bestar Singapore
Ensure your business setup is fast, fully compliant, and structured for long-term growth.
Contact Bestar Corporate Services:
Website: www.bestar-sg.com
Office Location: 23 New Industrial Road, #04-08 Solstice Business Center, Singapore 536209
Direct Line: +65 6299 4730 / +65 8836 4489
Email: admin@bestar-asia.com
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