Step-by-Step Guide to Company Registration in Singapore Preparing Documents and Procedures Explained

A Comprehensive Guide to Company Registration in Singapore From Document Preparation to Step-by-Step Process

In recent years, with the deepening of global economic integration, more and more entrepreneurs and small-to-medium enterprises SMEs have turned their attention overseas-especially to countries with strong business environments and stable policies. Singapore, one of Asia’s most competitive business hubs, has become the top choice for many businesses looking to expand globally. Thanks to its efficient services, transparent legal system, and attractive tax policies, Singapore continues to draw international interest.

According to data released by Enterprise Singapore, the number of newly registered companies in the first half of 2025 increased by more than 12% year-on-year, with a significant rise in the number of foreign-owned businesses. This growth reflects the global market’s confidence in Singapore’s business environment.

If you're considering setting up a company in Singapore, where should you start? This article will walk you through the essential steps-from preparation to registration procedures-to give you a clear and practical understanding of the entire process.

1. Why Register a Company in Singapore?

Before diving into the process, let’s look at the key reasons why more businesses are choosing Singapore

1. Attractive Tax Regime

Singapore has one of the lowest corporate tax rates in the world, capped at 17%. Additionally, the first 100,000 SGD of annual profit is fully tax-exempt.

2. World-Class Business Environment

According to the World Bank’s Ease of Doing Business report, Singapore consistently ranks among the top two globally, known for its efficiency and ease of operation.

3. Highly Internationalized Environment

English is the official business language, and the financial system is well-developed, making it easy to connect with global markets.

4. No Restrictions on Foreign Ownership

Foreigners can fully own a Singapore company-there are no caps on foreign shareholding.

5. Easy Access to Funding and Expansion Opportunities

With a mature financial system and strong government support for startups, companies can easily raise capital and scale their operations.

2. Pre-Registration Preparations

Before officially registering your company, here are the key steps you need to complete

1. Choose the Right Company Structure

The most common and recommended structure is the Private Limited Company Pte Ltd. It offers limited liability protection and is ideal for most small and medium-sized businesses. Other options include branches, partnerships, or sole proprietorships, but the Private Limited format is preferred due to its legal protection and scalability.

2. Check and Approve the Company Name

You must check the availability of your desired company name through the Accounting and Corporate Regulatory Authority ACRA website. The name must be in English, not duplicate an existing one, and avoid restricted terms like bank or insurance unless approved.

3. Decide on Share Capital and Shareholder Structure

The minimum paid-up capital is just 1 SGD, with no upper limit. Capital can be issued in installments. At least one director must be a Singapore resident-this can be a Singapore citizen, permanent resident, or someone holding an Employment Pass.

4. Select a Local Registered Address

Your company must have a physical Singapore address for official correspondence. P.O. boxes are not allowed.

5. Prepare Required Documents

These include the company constitution, identity and address proofs for shareholders and directors, and details of the company secretary.

3. Step-by-Step Company Registration Process

The registration process in Singapore is straightforward and typically takes 1-3 working days. Here’s how it works

1. Submit a Company Name Application

Apply for your company name via the ACRA website. The system will automatically check if it’s available.

2. Prepare and Submit Registration Documents

This includes the company constitution, director and shareholder information, and proof of the registered address. These can be submitted online through ACRA’s BizFile+ portal or via a registered filing agent.

3. Pay the Registration Fee

The fee ranges from 300 to 500 SGD depending on the company type. Once paid, you’ll receive the company’s Business Profile certificate of registration.

4. Open a Corporate Bank Account

After registration, you can open a bank account in Singapore with banks like DBS, OCBC, or UOB. Some banks offer remote account opening services, which is especially convenient for overseas entrepreneurs.

5. Apply for Necessary Licenses

Depending on your business nature, you may need to apply for additional licenses. For example, food-related businesses need a license from the Singapore Food Agency SFA, while trading companies may require an import/export permit from ICA.

4. Frequently Asked Questions

Q1 Is it mandatory to have a local director?

Yes. Singapore law requires at least one local director who is a Singapore citizen, permanent resident, or holds a valid Employment Pass.

Q2 Do I need to be physically present in Singapore to register a company?

No. The entire process can be completed online, and many services like company secretary and banking can be handled remotely.

Q3 Do I need to file taxes after registration?

Yes. All registered companies are required to file taxes. Singapore follows a territorial tax system, meaning only income earned within Singapore is taxed.

5. Conclusion

As the global business landscape continues to evolve, Singapore remains a top destination for entrepreneurs and international companies. Its open, efficient, and transparent environment provides a solid foundation for growth.

Through this guide, you now have a clear understanding of the requirements and steps involved in setting up a company in Singapore. Whether you're a startup or a multinational corporation, Singapore offers a strong platform for international expansion.

To ensure a smooth registration process, choose the right business structure, prepare all necessary documents carefully, and consider working with professional service providers. With the right preparation and support, establishing your business in Singapore can be a seamless and rewarding experience-laying the groundwork for your company’s global success.