Watch the video or read below
The World Bank has consistently ranked Singapore as one of the easiest countries for doing business. Every year thousands of companies are registered in Singapore, including locals and foreigners. With thousands of foreigners incorporating their companies in Singapore each year, this question arises quite often, whether the Singapore company registration process is easy.
To get this question’s answer, you must understand the Singapore company registration process first. This article briefly discusses the Singapore company registration to provide you an overview of the incorporation procedure.
All businesses in Singapore must register with the Accounting and Corporate Regulatory Authority, commonly known as ACRA.
You can best understand the simplicity of the process by understanding the steps involved. Here is an overview of it:
You get engaged with a corporate services provider (like Epica) on a telephone call. If you contact us, we will ask questions regarding your business model and clarify any doubts you have regarding the Singapore company incorporation.
In this step, you send the required documents, including passport copy, address proof, and KYC form.
A video conference is conducted with the proposed company’s directors and shareholders for identity verification.
Incorporation Documents are prepared by us and send to you for review and signing.
Documents are submitted on ACRA’s online portal BizFile+. After incorporation, registration documents will be sent to you.
Many local and international banks in Singapore allow opening a corporate bank account without visiting Singapore.
In case you can visit Singapore to incorporate your company, the first two steps are the same. However, you do not need a video conference as you will be physically meeting us. The documentation will also not take long as all the documents are prepared and signed by you simultaneously.
Overall the process will usually take 7 days from start to finish.
New Company Setup
New Company Setup
New Branch Setup
Singapore Bank Account