SG Company Registration

Against the backdrop of deepening globalization, more and more companies and individuals are choosing to set up companies in Singapore to take advantage of its position as an Asian financial center. Singapore not only has a stable political environment and a sound legal system, but also offers a series of tax incentives, which have attracted the attention of many international investors. This article introduces in detail the process of registering a company in Singapore through NEO and its related costs.

Basic requirements for company registration in Singapore

Before you start registering, you need to understand some basic requirements:

1. Company type: The most common is a private limited liability company (PTE LTD), which is very popular in Singapore because it provides limited liability protection.

2. Directors and shareholders: Each company requires at least one director, who must be a resident of Singapore; there is no nationality restriction on shareholders, who can be one or more natural persons or legal entities.

3. Registered capital: The minimum registered capital is S$1, with no upper limit and no actual payment required.

4. Registered address: The company must have a local registered address and cannot use a post office box as the registered address.

5. Company Secretary: According to Singapore law, all companies must appoint a Singapore resident as company secretary, usually provided by a professional service company.

Singapore Company Registration Process

With NEO's professional services, you can enjoy a simplified and efficient registration process:

1. Consultation and preparation: First contact NEO to obtain detailed registration guidance and prepare the required documents, including but not limited to identification and address proof of directors and shareholders.

2. Name application: Submit the name of the proposed company to the Singapore Accounting and Corporate Regulatory Authority (ACRA) for name pre-examination. This process is generally completed within 1-2 working days.

3. Submit registration application: Once the name is approved, you can submit a complete registration application online and pay the department registration fee at the same time. The entire registration process takes about 1 day. If everything goes well, you can get an electronic version of the company registration certificate on the same day.

4. Subsequent steps: After the registration is completed, you need to handle a series of matters such as tax registration and opening a bank account. NEO can help you handle these follow-up tasks to ensure that your company can operate legally as soon as possible.

Singapore Company Registration Fees

The total cost of company registration in Singapore mainly includes the following parts:

1. Department registration fee: For a private limited liability company, the standard registration fee is about S$315.

2. Agency service fee: If you choose to complete the registration through an agency such as NEO, you will also need to pay the corresponding agency service fee. This fee varies depending on the service content, roughly between S$1,000 and S$3,000.

3. Company secretary fee: About S$1,000 to S$2,500 per year, depending on the company's needs and service provider.

4. Registered address fee: About S$300 to S$1,000 per year, also depending on the specific location of the address and the service content.

5. Seal fee: A one-time fee of about S$100 to S$500.

Why choose NEO?

With years of accumulated experience and expertise, NEO is committed to providing customers with the best quality services:

One-stop solution: From preliminary consultation to final registration completion, we provide a full range of one-stop services to help customers save time and energy.

Efficient and fast: Our professional team is familiar with all aspects of Singapore company registration and can help customers complete the registration process in a short time.

Transparent and reasonable fees: We promise to open and transparent pricing strategies to ensure that customers have a clear understanding of each fee.

Continuous support: Even after the registration is completed, we also provide follow-up support services, such as annual declaration, tax consultation, etc., to help your company develop steadily in Singapore.

In short, with the help of NEO, you can set up a company in Singapore more smoothly and enjoy the various business conveniences brought by this country. If you have any questions about Singapore company registration or want to know more details, please feel free to contact our professional consultant team.