How to incorporate a company in Singapore?

Incorporating a company in Singapore is fast and quite easy. Most of the business owners today are trying to register their company in Singapore because of the great working atmosphere and lower income tax.

The procedure of incorporating your business in Singapore can be finished within a day however under special circumstances it may take a week or more.

For a foreigner, documents for verification of identity are mandatory. A foreigner must provide his passport, residential address proof (overseas), profiles (both personal and business) and other personal information as per demanded by the ACRA (Accounting and Corporate Regulatory Authority) It is important to note that id proofs of all the shareholders are required at the time of registration.

If you are willing to make the process a little faster, you can take advantage of the services provided by company registration service providers in Singapore. These service providers would take care of everything on your behalf. It is also mandatory to hire a registered company registration service provider in Singapore if you are a non-resident.

In order to incorporate the company, you must submit the following main documents as listed below. A company secretary firm will prepare all these documents for you:

• Model constitution
• Consent to act as a director
• Consent to act as secretary
• Shares allotment
• Share certificates
• First board meeting
• Nominee Director nomination
• Register of Nominee Directors
• Register of controllers

Once all these documents are ready, and the KYC is done, the company can be registered by the Corporate Secretarial Service provider in a Day. Usually, on the next day, they will arrange your meeting with the bankers for a bank account opening.