A Complete Guide to Company Registration in Singapore From Preparation to Success, Step-by-Step Key Points Revealed!

A Complete Guide to Registering a Company in Singapore From Preparation to Success - Everything You Need to Know

In the context of global economic integration, an increasing number of entrepreneurs and investors are turning their attention to Southeast Asian markets. As a regional financial and business hub, Singapore has become one of the top destinations for international entrepreneurs due to its stable environment, efficient administrative system, strategic geographical location, and open tax policies.

In recent years, with the advancement of China’s Belt and Road Initiative, economic and trade cooperation between China and Singapore has continued to deepen. According to data released by Enterprise Singapore in August 2025, the number of new Chinese company registrations in Singapore increased by more than 15% year-on-year over the past year. This trend reflects the growing willingness of Chinese enterprises to expand overseas, with Singapore gradually emerging as a key gateway for them to enter international markets.

If you're planning to set up a company in Singapore, this guide will walk you through every essential step of the registration process, helping you complete it efficiently and in compliance with local regulations.

1. Determine Your Company Type and Business Direction

Before officially registering your business, the first step is to decide on the appropriate legal structure for your company. The most common forms of business entities in Singapore include

Private Limited Company Pte Ltd

The most popular structure, suitable for most small and medium-sized businesses. Shareholders have limited liability, and the company is a separate legal entity.

Branch Office or Representative Office of a Foreign Company

Suitable for companies that already have an overseas parent company and want to establish a presence in Singapore.

Partnership and Sole Proprietorship

Ideal for individual entrepreneurs or small-scale projects, but these structures do not offer limited liability, thus carrying higher risk.

Choosing the right business structure affects taxation, future fundraising capabilities, and growth potential. It's advisable to make this decision with guidance from professional consultants.

2. Prepare Required Documents

Once the company type is decided, the next step is to prepare the necessary documents for registration. These typically include

Company Name Application

Must be submitted and approved via ACRA Accounting and Corporate Regulatory Authority.

Identification Documents

Copies of passports or NRICs for all shareholders and directors.

Registered Address Proof

Can be a virtual office address.

Memorandum Articles of Association MA

The constitutional document outlining the company’s governance rules.

At least one resident director

Can be a foreigner, but must hold an Employment Pass EP or S Pass.

Business Activity Description

Including the Standard Industry Classification SIC code for regulatory classification.

3. Step-by-Step Registration Process

1. Company Name Approval

Submit the proposed company name through ACRA’s official website. Results are usually available within minutes. It's recommended to prepare at least three alternative names to avoid duplication.

2. Submit Registration Application

Use the BizFile+ platform to submit the application online. Fill in details such as company information, shareholder structure, and director details, and upload scanned copies of required documents.

3. Pay Registration Fees

The name reservation fee is SGD 15, and the registration fee is approximately SGD 300 varies slightly depending on the company type. Payment can be made via credit card or bank transfer.

4. Wait for Approval and Obtain Certificate

After ACRA approves the application, a Unique Entity Number UEN will be generated automatically, and you can download the electronic business registration certificate. The entire process can be completed in as little as one day.

4. Post-Registration Requirements

After successfully registering your company, there are several important follow-up tasks to complete

1. Open a Corporate Bank Account

Singapore is home to world-renowned banks such as DBS, OCBC, and UOB. To open an account, you'll need company registration documents and identification proof for directors. Some banks offer remote video verification, making it convenient for overseas applicants.

2. Apply for Licenses and Permits

Depending on your industry, you may need specific licenses. For example

Restaurants must apply for a Food Establishment License from the National Environment Agency NEA.

Training institutions should register with the Committee for Private Education CPE.

3. Tax Registration and Accounting Setup

All Singaporean companies must file taxes with the Inland Revenue Authority of Singapore IRAS. Before the first tax filing, consider registering for Goods and Services Tax GST if applicable. Establishing proper accounting systems is also crucial. Hiring a professional accountant is highly recommended.

4. Employee Hiring and Social Security Contributions

If you plan to hire local or foreign employees, you must comply with guidelines from the Ministry of Manpower MOM, including contributions to the Central Provident Fund CPF or arranging insurance benefits for employees.

5. Frequently Asked Questions

Q1 Is it necessary to be physically present in Singapore to register a company?

A No. Singapore offers a fully digital registration process, which can be completed entirely online.

Q2 Can foreigners serve as company directors?

A Yes, but at least one director must be a Singapore citizen, permanent resident, or hold a valid work pass such as an EP or SP.

Q3 Is there a minimum capital requirement for company registration?

A There is no minimum capital requirement. However, it is recommended to set a reasonable amount based on actual operational needs.

Q4 When can the company start operations after registration?

A Operations can begin once the UEN is obtained, although businesses in regulated industries must wait until they receive the relevant permits.

6. Conclusion

With its transparent business environment and robust legal framework, Singapore continues to attract entrepreneurs from around the globe. Whether you’re launching a startup or expanding an established business, Singapore provides fertile ground for growth.

For entrepreneurs looking to set up a company in Singapore, thorough planning, understanding of local regulations, and selecting the right service providers can significantly improve registration efficiency and success rates. We hope this comprehensive guide offers you clear direction and helps you smoothly embark on your entrepreneurial journey in Singapore.