Step-by-Step Guide to Registering a Company in Singapore A Hands-On Tutorial to Nail the Process!

How to Successfully Register a Company in Singapore A Step-by-Step Guide

In recent years, with the deepening of global economic integration, more and more small and medium-sized business owners and entrepreneurs have begun to look toward overseas markets. Singapore, as one of Asia's most competitive business hubs, has become a top choice for many entrepreneurs looking to establish an overseas company. Thanks to its stable environment, transparent legal system, low tax policies, and efficient services, Singapore continues to attract global talent and investment.

According to data from the Accounting and Corporate Regulatory Authority ACRA of Singapore, new company registrations in 2025 increased by more than 8% year-on-year, with a significant rise in entrepreneurs from China. In particular, Chinese entrepreneurs are actively entering the Singapore market through cross-border e-commerce, tech startups, and consulting services.

So, how can you smoothly register a company in Singapore? This article will walk you through the entire process step by step, helping you avoid unnecessary detours and take your first confident step toward globalization.

1. Understand the Basic Requirements for Company Registration in Singapore

Before officially registering your company, it’s important to understand the basic requirements set by Singapore law

Company Type Selection The most common type is a Private Limited Company Pte. Ltd.. It has a separate legal identity, and shareholders have limited liability, making it suitable for most small and medium-sized businesses.

Company Name Approval Submit your proposed company name via the ACRA website for pre-approval. Ensure the name is unique and complies with naming rules.

At Least One Local Director The company must appoint at least one director who is over 18 years old and ordinarily resident in Singapore. This person can be a foreigner, but they must hold a valid Employment Pass or Entrepreneur Pass.

Shareholders and Capital At least one shareholder is required, which can be an individual or corporate entity, with no nationality restrictions. The minimum paid-up capital is just 1 Singapore dollar, and contributions can be made in installments.

Registered Address A valid local Singapore address must be provided as the official company address.

Company Secretary Within six months of incorporation, the company must appoint a qualified company secretary.

2. Prepare the Required Documents

Once you understand the basic requirements, the next step is to prepare the necessary documents

Company name approval notice automatically generated by ACRA

Identity documents passport or ID card copies of directors and shareholders

Proof of address for directors and shareholders e.g., utility or bank statement issued within the last three months

Proof of registered address in Singapore

Company Constitution Articles of Association

Shareholding structure

Business scope Standard Industry Classification code

If you're registering a company for the first time, it's highly recommended to work with a professional registration agent or law firm to ensure compliance and streamline the process.

3. Step-by-Step Company Registration Process

1. Submit Company Name Application

Log in to the ACRA website www.acra.gov.sghttps//www.acra.gov.sg, create an account, and submit your company name. Approval is usually granted within minutes.

2. Prepare and Submit Registration Documents

Once the name is approved, you have 120 days to complete the registration. Prepare all required documents and submit the application via ACRA’s BizFile+ system.

3. Pay the Registration Fee

The total registration fee is approximately S$315, which includes S$15 for the name application and S$300 for company registration. Payment can be made via credit card or e-payment.

4. Receive the Business Profile Company Certificate

Once approved, ACRA will issue an electronic Business Profile, which serves as the official company registration certificate.

5. Open a Corporate Bank Account

With the Business Profile, you can apply to open a corporate bank account with local banks such as DBS, OCBC, or UOB. Some banks offer remote account opening, but it’s recommended to visit in person for the first time.

6. Apply for Business Licenses and Tax Registration

Depending on your business nature, you may need to apply for specific licenses e.g., for food or education businesses. Additionally, register for GST and corporate income tax with the Inland Revenue Authority of Singapore IRAS within one month of incorporation.

4. Key Matters After Registration

Opening a Bank Account

While Singapore banks are generally open to international clients, you’ll need to provide full company documents and personal identification. It’s wise to book an appointment in advance and discuss the process with the bank beforehand.

Hiring Staff and Work Permits

If you plan to operate long-term in Singapore, you can apply for Employment Passes EP or S Passes for key personnel. Employers are responsible for the application, which requires meeting salary and qualification criteria.

Annual Compliance Requirements

Singapore companies are required to file an Annual Return, conduct an audit, and submit financial statements and tax returns on time. If the company is inactive, you may apply for dormant company status to simplify the reporting process.

Leverage Government Support Programs

Singapore offers several startup support programs, such as the Startup Tax Exemption STE scheme and the Enterprise Development Grant EDG. Eligible companies can benefit from tax breaks and financial assistance.

5. Common Questions and Tips

Do I need to be physically present in Singapore?

Not necessarily. The entire registration process can be completed online. However, opening a bank account or applying for work passes usually requires a physical visit.

How long does registration take?

With complete documentation, registration typically takes 1-3 working days.

How to choose a registration agent?

Choose an agent with ACRA accreditation, a good reputation, and transparent service pricing to avoid future disputes.

When can I start operations?

Once the company is registered and the bank account is set up, you can begin business activities immediately.

Conclusion

Singapore’s world-class business environment and efficient administrative services make it a top destination for global entrepreneurs. For Chinese business owners aiming to expand internationally, setting up a company in Singapore not only serves as a gateway to Southeast Asia but also enhances your company’s global image.

By following the steps outlined above and preparing thoroughly, registering a company in Singapore can be a smooth and straightforward process. We hope this guide provides you with clear and practical insights to help you confidently take your first step toward global expansion.