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Expats have been consistently choosing Singapore as the destination to launch their businesses. The company incorporation procedure in Singapore is straightforward, easy and without any red-tape. The corporate tax rates are also significantly low in Singapore, with lower effective tax rates due to the tax exemption schemes.
ACRA acts as the Singapore Company Registrar. You must register with ACRA to set up a business in Singapore.
All the documents are submitted to the ACRA’s online portal, BizFile+. After submission, it usually takes an hour for the registration to get complete unless the application needs to be reviewed by other government authorities.
However, the total time taken to incorporate a company includes all the company incorporation steps. You must also note that foreigners cannot self-register and need to engage a registered filing agent such as Epica.
There are two options for foreigners:
The timeline is a little different in both cases.
To incorporate a company without visiting Singapore, you must follow these steps:
The total time taken for registering your business without visiting Singapore is 7 to 10 days.
You must take the following mandatory steps to incorporate a business by visiting Singapore:
The total time taken for registering your business after visiting Singapore is 3 days process. You can typically plan for a 3-day visit to meet with the corporate service provider, register with ACRA, and meet the bank representative. Once the bank account is opened, we will send all required documents to you by courier.
New Company Setup
New Company Setup
Existing Company
New Branch Setup
New Setup
Singapore Bank Account