Incorporation Form

Singapore Incorporation Form

The primary form used for company incorporation in Singapore is the Online Incorporation Form, accessible through the Accounting and Corporate Regulatory Authority's (ACRA) BizFile+ portal.

Key Information Required:

• Company Name: 

Choose a unique name that complies with Singapore regulations.

• Company Activities: 

Briefly describe your business operations.

• Registered Office Address: 

Provide a local Singaporean address.

• Shareholders: 

  Include details of all shareholders, including their identification information.

  
  

• Directors: 

  Include details of all directors, including their identification information.

  
  

• Company Secretary: Appoint a Singapore resident as the company secretary.

  
  

• Company Constitution: Decide on the company's constitution, which outlines its rules and regulations.

Steps for Incorporation:

1. Access BizFile+: Log in to the BizFile+ portal using your Singpass.

2. Start a New Local Company: Under the "eServices" menu, select "Local Company" and then "Start a New Local Company."

3. Complete the Online Form: Fill in the required information accurately.

4. Submit Application: Submit the completed form along with the necessary fees.

5. Receive Approval: Upon approval, ACRA will issue a Certificate of Incorporation.

Additional Considerations:

• Name Availability: Check name availability through ACRA's online services before submitting the application.

• Post-Incorporation Requirements: After incorporation, fulfill post-incorporation tasks such as opening a corporate bank account and complying with tax and regulatory requirements.

Deeper Dive into Singapore Company Incorporation

Understanding the Company Types

While the most common type is the Private Limited Company, Singapore offers several other options:

• Sole Proprietorship: Owned and managed by a single individual. Simpler to set up but offers limited liability protection.

• Partnership: Formed by two or more individuals. Offers more flexibility than a sole proprietorship but still has limited liability protection.

• Limited Liability Partnership (LLP): Combines features of a partnership and a company, providing partners with limited liability.

Key Considerations for Company Incorporation

• Company Name: Choose a name that reflects your business and is not already registered. Avoid names that are misleading or offensive.

• Registered Address: This is where official documents are sent. It must be a physical address in Singapore.

• Share Capital: The total value of your company's shares.

• Shareholders and Directors: Shareholders own the company, while directors manage it. They must be at least 18 years old.

• Company Secretary: A Singapore resident responsible for ensuring the company complies with legal and regulatory requirements.

• Company Constitution: A document outlining the company's internal rules and regulations.

Post-Incorporation Steps

• Open a Corporate Bank Account: This is essential for conducting business transactions.

• Obtain Necessary Licenses and Permits: Depending on your industry, you may need specific licenses or permits to operate.

• Comply with Tax Regulations: Singapore has a corporate tax rate of 17%. Ensure you understand your tax obligations.

• Maintain Corporate Records: Keep accurate records of your company's financial transactions and other important documents.

Seeking Professional Assistance

While it's possible to incorporate a company yourself, seeking professional help can save time and ensure compliance with all legal requirements. Corporate service providers can assist with:

• Name Availability Checks

• Form Filling and Submission

• Post-Incorporation Compliance

• Tax and Accounting Advice

Remember, the specific requirements for company incorporation in Singapore may change. It's always advisable to consult with a legal or financial professional for the most up-to-date information.

Professional Assistance: Consider engaging a professional corporate services provider to assist with the incorporation process.

Disclaimer: This information is for general guidance only and may not be applicable to all situations. It is recommended to consult with a legal or financial professional for specific advice on company incorporation in Singapore.