Company Formation Services in Singapore

Company Formation Services in Singapore | Bestar

The Ultimate Guide to Company Formation Services in Singapore

Your Fast Track: Comprehensive Company Formation Services in Singapore for Global Entrepreneurs 

Starting a business in Asia’s vibrant financial hub? Singapore company registration offers unparalleled access to global markets, attractive tax incentives, and a world-class legal framework. However, navigating the bureaucratic requirements of the Accounting and Corporate Regulatory Authority (ACRA) can be complex, especially for foreign entrepreneurs.

This is where professional company formation services in Singapore become your most valuable asset. We simplify the entire process, ensuring your company is set up quickly, compliantly, and ready for success from day one.

Why Choose Singapore for Your Business Incorporation? 

The decision to set up a company in Singapore is strategic for many reasons. Known for its pro-business environment, the city-state consistently ranks among the easiest places in the world to do business. Key benefits include:

• Low Corporate Tax Rate: Enjoy some of the most competitive tax rates globally, with numerous tax exemptions for new companies.

  
  

• 100% Foreign Ownership: Foreigners can own 100% of their private limited company (Pte Ltd).

  
  

• Political and Economic Stability: A reliable jurisdiction for long-term investment.

• Ease of Repatriating Profits: Minimal restrictions on the movement of funds.

Essential ACRA Requirements to Incorporate a Company in Singapore (Pte Ltd) 

To successfully incorporate a company in Singapore, your business must meet the mandatory legal requirements set by ACRA for a Private Limited Company (Pte Ltd):

Requirement	Details
Minimum Directors	At least one Local Resident Director (Singapore Citizen, Permanent Resident, or Employment Pass/EntrePass holder).
Shareholders	Minimum of one shareholder (can be an individual or a company). 100% foreign ownership is allowed.
Company Secretary	Must appoint a qualified Company Secretary within 6 months of incorporation.
Minimum Paid-Up Capital	At least S$1.00.
Registered Address	Must have a physical office address in Singapore (P.O. boxes are not allowed).

The Simple 4-Step Process for Singapore Company Registration 

When you engage expert company formation services in Singapore, the typically daunting process is streamlined into four easy steps:

Step 1: Name Reservation & Approval

We will check the availability of your proposed company name with ACRA’s register (BizFile+). We handle the application to ensure it meets all naming conventions and secure it for up to 120 days.

Step 2: Document Preparation & Submission

Your dedicated agent prepares all mandatory documents, including the company Constitution, Consent to Act forms (Directors/Secretary), and shareholder details. We then file the complete application with ACRA on your behalf.

Step 3: ACRA Incorporation & UEN Issuance

Once ACRA approves the submission (usually within 1-3 working days if all documents are in order), your company is officially incorporated. You will receive the Certificate of Incorporation and a Unique Entity Number (UEN), which is essential for all business transactions.

Step 4: Post-Incorporation Setup

We assist with crucial next steps:

• Opening a Corporate Bank Account.

• Registration for tax purposes.

• Handover of the Statutory Register (physical or digital).

Special Considerations for Foreigner Company Registration Singapore 

If you are an overseas entrepreneur looking for foreigner company registration Singapore, engaging a service provider is a legal necessity. As a foreigner, you cannot self-register your company directly on the ACRA portal.

Our service packages specifically cater to non-residents by providing the mandatory requirements:

1. Nominee Director Services: We can appoint a qualified resident director for your company to fulfil the local director requirement, allowing you to manage the business from overseas.

   
   

2. Registered Address Provision: We offer an official, non-residential registered office address for your legal requirements.

   
   

3. Employment Pass Consultation: If you plan to relocate to Singapore, we provide expert guidance and application support for your Employment Pass (EP).

   
   

How Much Does it Cost to Set Up a Company in Singapore? 

The cost of setting up a company in Singapore varies based on your needs (local vs. foreign setup) and the services you require. Costs typically comprise three main categories:

Cost Type	Breakdown	Typical Annual Price Range (SGD)
Government Fees	ACRA Name Reservation (S15)+ACRARegistrationFee(S300).	S$315 (One-time)
Incorporation Service Fee	Agent fee for handling filing, documentation, and advisory.	S300–S800+
Mandatory Annual Services	Company Secretary Fee, Registered Address Fee.	S500–S1,500
Foreigner-Specific Service	Nominee Director Fee (if required).	S1,500–S5,000+

Pro-Tip: Look for all-inclusive packages that bundle government fees, company secretary, and registered address for the first year to achieve significant cost savings.

Conclusion: Partner with Leading Company Formation Services in Singapore

Choosing the right partner for your Singapore company registration is the first critical step toward global success. A reliable service provider does more than just filing paperwork; they ensure perpetual compliance and allow you to focus purely on growing your business.

Ready to set up your company in Singapore hassle-free? Contact us today for a free, no-obligation consultation on your incorporation needs!

The process of company formation in Singapore is streamlined by Bestar Singapore, a corporate service provider that offers an end-to-end solution for local and foreign entrepreneurs. Bestar's services span the entire lifecycle of a business, from initial incorporation to ongoing compliance, accounting, and advisory support, making the complex regulatory environment manageable.

The Ultimate Guide to Company Formation Services in Singapore: How Bestar Singapore Can Help 🇸🇬

Singapore is an internationally recognised hub for business, attracting global entrepreneurs with its low corporate tax rates, stable political climate, and pro-business regulatory framework. The primary legal entity for most businesses is the Private Limited Company (Pte. Ltd.).

Navigating the requirements set by the Accounting and Corporate Regulatory Authority (ACRA) can be challenging, especially for foreign clients. This is where engaging an experienced service provider like Bestar Singapore provides a critical advantage, offering expertise and comprehensive service packages.

🔑 Key Requirements for Singapore Company Incorporation

To register a Private Limited Company in Singapore, the following statutory requirements must be met. Bestar Singapore directly assists in fulfilling each of these:

Requirement	Description	Bestar Singapore's Assistance
Local Resident Director	At least one director must be an "Ordinarily Resident" in Singapore (a Singapore Citizen, Permanent Resident, or Employment Pass holder).	Provides a Nominee Director Service to satisfy this requirement for foreign-owned companies until a work visa is obtained.
Qualified Company Secretary	Must be appointed within six months of incorporation and must be a natural person ordinarily resident in Singapore.	Provides Corporate Secretarial Services from day one, managing all statutory records and ACRA filings.
Registered Office Address	A physical, non-P.O. Box address in Singapore is required for legal correspondence.	Offers a Registered Office Address Service, including professional mail scanning and forwarding.
Minimum Paid-Up Capital	Minimum required capital is just S$1.00.	Advises on appropriate share capital structure and handles the required filing.
Shareholders	A minimum of one shareholder (individual or corporate) is required.	Assists with the preparation of the Constitution and all necessary shareholder documentation.

🛠️ Bestar Singapore's Core Company Formation Services

Bestar acts as a Registered Filing Agent (RFA) with ACRA, ensuring a swift and compliant registration process through the BizFile+ online portal.

1. Pre-Incorporation & Planning

• Business Structure Advisory: Guiding clients on the most suitable entity (e.g., Private Limited Company, Branch Office, Representative Office) based on their specific business goals and residency status.

• Name Reservation: Checking and reserving the proposed company name with ACRA for approval, often the fastest part of the process.

2. Streamlined Incorporation

• Document Preparation: Drafting and preparing all mandatory documents, including the company's Constitution, director and shareholder resolutions, and statutory registers.

• ACRA Submission: Handling the complete electronic submission to ACRA, ensuring accuracy and minimal processing time, typically resulting in incorporation within 1 to 3 business days.

3. Post-Incorporation Essentials

• Corporate Bank Account Opening: Assisting directors with the process of opening a corporate bank account, including liaising with various local and international banks.

• Employment Pass (EP) Application: Offering licensed expertise in applying for Employment Passes and other work visas for foreign entrepreneurs and key personnel relocating to Singapore.

💼 Comprehensive Business Compliance & Advisory

Bestar Singapore's value extends far beyond the initial registration, providing a full suite of professional services critical for a new company's long-term success and compliance.

Corporate Secretarial and Governance

The corporate secretary service is vital for ongoing compliance. Bestar ensures adherence to the Companies Act by:

• Maintaining all statutory registers and corporate records.

• Preparing for and lodging the Annual Return (AR) and documents related to the Annual General Meeting (AGM) with ACRA.

• Monitoring and advising on all relevant regulatory deadlines.

Accounting, Tax, and Payroll Services

To benefit from Singapore's low tax environment and incentives, proper financial compliance is crucial. Bestar provides:

• Bookkeeping & Financial Statements: Maintaining accurate financial records in compliance with Singapore Financial Reporting Standards (FRS).

• Corporate Tax Compliance: Filing the mandatory Estimated Chargeable Income (ECI) and the annual corporate tax return with the Inland Revenue Authority of Singapore (IRAS).

• New Company Tax Exemption: Guiding qualifying startups to take advantage of significant tax exemptions during their first three years.

• Payroll Outsourcing: Managing monthly payroll, including mandatory contributions like the Central Provident Fund (CPF).

Business Advisory

Bestar offers consulting on broader business strategies, including:

• Goods and Services Tax (GST) Registration: Advising on and managing compulsory or voluntary GST registration.

• Financial Advisory: Assistance with audits, due diligence, business valuation, and more complex M&A procedures.

🎯 Why Choose Bestar Singapore for Your Company Formation?

Choosing the right corporate partner is key to a smooth launch. Bestar Singapore stands out with its:

• One-Stop Solution: A single provider for all incorporation, secretarial, accounting, tax, and HR/visa needs.

• Expert Knowledge: A team of experienced consultants and Registered Filing Agents ensures adherence to all local regulations, minimising the risk of errors or delays.

• Focus on Foreign Clients: Specialized services like the Nominee Director and Employment Pass assistance are tailored to simplify relocation and business establishment for international investors.

• Efficiency: Leveraging a deep understanding of ACRA and MOM processes to deliver fast, cost-effective setup and ongoing compliance.

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