Want to Register a Company in Singapore? This Comprehensive Guide Tells You the Application Requirements

Thinking of Registering a Company in Singapore? Read This Comprehensive Guide to Understand the Application Requirements

In recent years, with the acceleration of globalization and changes in the economic environment, more and more businesses and individuals have turned their attention to Southeast Asia, particularly Singapore. As one of the most important commercial centers in Asia, Singapore has attracted numerous investors with its superior geographical location, efficient services, and stable economic environment. For those who aspire to do business in Singapore, registering a company is an essential step to enter this market. However, how exactly does it work? What conditions need to be met? This article will provide you with a comprehensive guide.

One, Why Choose Singapore?

Singapore is not only a developed economy but also one of the freest economies in the world. According to the World Bank's 2025 Doing Business Report, Singapore has been ranked as the most suitable place for doing business globally for many consecutive years. Its strong infrastructure, high-efficiency service system, and protection of intellectual property rights make it an ideal location for multinational corporations to set up regional headquarters. Singapore also boasts abundant talent resources and a sound legal framework, providing enterprises with a good development platform.

Two, Types of Registered Companies

In Singapore, the common forms of companies mainly include three types

1. Private Limited Company

This type of company is the most popular choice because it has independent legal person status, and shareholders' liabilities are limited to their shares. Private limited companies can issue shares but cannot trade publicly.

2. Public Limited Company

Different from private limited companies, public limited companies can list on stock exchanges and raise funds publicly. However, this form usually suits large enterprises or those that have already reached a certain scale.

3. Sole Proprietorship or Partnership

For small entrepreneurs, sole proprietorships or partnerships may be simpler starting options. These types of enterprises do not have independent legal status, and owners must bear unlimited liability.

Three, Detailed Explanation of Application Conditions

No matter which type of company form is chosen, certain basic requirements must be met when registering in Singapore. The main application conditions are as follows

1. At Least One Local Director

All companies registered in Singapore must have at least one local resident serve as a director. Local residents include Singapore citizens, permanent residents, or individuals holding Employment Passes EP.

If you are a foreigner, you can meet this requirement by hiring a qualified local person.

2. Company Secretary

Singapore law stipulates that every registered company must appoint a qualified company secretary. This position is responsible for handling daily administrative tasks and ensuring the company complies with relevant regulations.

The company secretary can be held by either an individual or a legal entity, but they must have relevant experience and be familiar with Singapore company law.

3. Registered Address

Each company needs a fixed business address. This address will be used to receive official documents and correspondence. It should be noted that virtual office services can also be accepted as a registered address.

4. Share Capital and Shareholders

The minimum registered capital is 1 Singapore dollar, but it can actually be set at a higher amount according to actual needs. At the same time, a company can be wholly owned by a single shareholder or jointly held by multiple shareholders.

5. Scope of Operations

During the registration process, applicants need to clearly list the scope of the company's operations. Although these ranges may change later, they should be determined as detailed and accurately as possible at the initial stage.

Four, Overview of the Registration Process

Although it may sound complicated, the process of registering a company in Singapore is relatively simple and quick. Here are the general steps

1. Prepare Materials Including drafting the articles of association, confirming the company name, selecting directors and shareholders, etc.

2. Submit Application Submit the registration application through the online system of the Accounting and Corporate Regulatory Authority ACRA of Singapore.

3. Review and Approval Generally, the entire process can be completed within a few days.

4. Collect Certificates Once approved, the company registration certificate and related documents can be collected.

Five, Recent News Updates

Recently, Singapore has further optimized the enterprise registration process, introducing more digital tools to simplify procedures. For example, ACRA recently updated its electronic service platform, allowing users to complete most operations through a mobile application. To attract more foreign investors, Singapore has also relaxed some visa policies, making it easier for foreign professionals to obtain work permits.

Six, Conclusion

In summary, Singapore is undoubtedly an ideal investment destination. Whether for startups or established brands, there are suitable development paths here. Of course, before taking formal action, it is recommended to consult professional legal advisors or accounting teams to ensure everything is compliant. We hope this article helps you better understand the relevant information about registering a company in Singapore, and wish you success in your future business journey!