How to Register a Company in Singapore? 6 Steps to Easily Expand into the Global Market

How to Register a Company in Singapore Six Steps to Easily Enter the Global Market

As the global economy becomes increasingly integrated, more entrepreneurs and investors are turning their attention to overseas markets. Singapore, with its stable environment, strategic location, efficient business system, and low tax policies, has become the top choice for many companies looking to expand internationally. According to data from the Accounting and Corporate Regulatory Authority ACRA, the number of new company registrations in Singapore increased by approximately 8.3% year-on-year in 2025, highlighting the country's continued appeal as a global business hub.

For individuals or businesses planning to establish a presence in Singapore, understanding the registration process is a crucial first step toward success. This article outlines the six essential steps to register a company in Singapore, helping you set up efficiently and in compliance with local regulations, and smoothly enter the international market.

Step 1 Determine the Company Type and Structure

Before registering a company, it is essential to decide on the appropriate legal structure. The most common types of business entities in Singapore include a Private Limited Company, Branch Office, Representative Office, and Partnership. Among these, the Private Limited Company is the most popular option due to its separate legal identity, limited liability for shareholders, and advantages in fundraising and attracting foreign investment.

Additionally, certain industries such as finance, healthcare, and education may require specific licenses or approvals. It is important to assess whether your business will need any such permits before proceeding.

Step 2 Choose and Reserve a Suitable Company Name

A company name is the first step in building your brand and must be unique and compliant with ACRA regulations. Applicants must submit the proposed name via ACRA’s online platform, BizFile+, for approval. Typically, the name approval process takes just a few hours. However, if the name contains sensitive words or requires approval from other regulatory bodies e.g., financial or educational sectors, the process may take longer.

It is advisable to conduct a preliminary search before submitting the name to avoid rejection due to duplication or non-compliance, which could delay the entire registration process.

Step 3 Prepare Required Documents and Information

To register a company in Singapore, the following documents and information are generally required

Company Constitution previously known as the Memorandum and Articles of Association

Identity and address proof of shareholders and directors

A local Singapore address for company registration

Appointment details of a company secretary by law, all Singapore companies must appoint one

Consent letters from the first directors and shareholders

Description of business activities up to two primary activities may be selected

If any of the directors or shareholders are non-residents of Singapore, a local resident must be appointed as a compliance representative. This requirement reflects Singapore’s emphasis on ensuring regulatory compliance.

Step 4 Submit the Registration Application and Await Approval

Once all documents are ready, the registration application can be submitted through the BizFile+ platform. The entire process is fully digital, significantly improving efficiency. In most cases, the application is approved within one business day, provided that all documents are complete and meet the regulatory requirements.

Upon successful registration, ACRA will issue an Incorporation Certificate, marking the official formation of the company.

Step 5 Open a Corporate Bank Account

After the company is registered, the next step is to open a corporate bank account. Singapore is home to several world-renowned banks, including DBS Bank, OCBC Bank, and UOB, which offer streamlined account-opening services for new businesses.

Typically, the following documents are required to open a corporate bank account

Company Incorporation Certificate

Company Constitution

Director’s identification documents

Proof of registered office address

Business plan or supporting documents related to the business background

Some banks may require directors to be physically present for account opening, so it is advisable to make arrangements soon after the company registration is completed.

Step 6 Apply for Business Licenses and Tax Registration

Depending on the nature of the business, you may need to apply for relevant licenses from the appropriate authorities. For example, food and beverage businesses must apply for a food license from the National Environment Agency NEA, while retail businesses may need to apply for a liquor license from the Inland Revenue Authority of Singapore IRAS.

All companies must also apply for a Unique Entity Number UEN from IRAS within one month of registration. Additionally, businesses may need to register for Goods and Services Tax GST. If the annual turnover exceeds SGD 1 million, GST registration becomes mandatory.

Conclusion

Registering a company in Singapore is not only efficient and transparent but also supported by a favorable regulatory environment, offering a solid foundation for global business expansion. As more companies choose Singapore as their regional headquarters, understanding and mastering the registration process can help businesses gain a competitive edge in the global market.

For companies aiming to enter the Asian market, Singapore serves as an ideal springboard. From choosing the right legal structure to completing tax registration, each step is critical. With clear planning and professional assistance, the registration process can be smooth and efficient, laying a strong foundation for future growth and development.