Company Registration

Company Registration in Singapore - The Complete Guide 2025

2025-02-03
12 minute read
A graphic of a Statrys boy signing a contract for a new company.

Thinking of incorporating a company in Singapore? You’ve made the right decision. With its strategic location, low corporate tax rates, various SME grants, and strong intellectual property protections, Singapore offers significant benefits for global entrepreneurs, attracting over 500,000 new businesses to set up each month. 

Even though the company registration process is streamlined, it can still feel complex, especially for foreign entrepreneurs handling it for the first time. The paperwork, requirements, and unfamiliar procedures and terms can be overwhelming. 

As the Head of Company Creation at Statrys, I’ve seen these challenges firsthand and have practical insights to help you navigate each step. This guide will walk you through the entire process–from preparing documents to fulfilling post-incorporation requirements–so you can start your business smoothly and confidently.

Let’s dive in. 

Content

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    What You Need to Know Before Registering a Company in Singapore

    Before jumping into the registration process, let’s start with the key requirements and preparations. Understanding and having these essentials in place will make the entire local company formation process easier and help you avoid unnecessary delays, whether you are a local Singaporean resident or a foreign business owner. 

    What to Prepare

    Here are the necessary documents and information you will need for Singapore company incorporation. 

    1. A Company Name: Your approved business name and transaction number from the name reservation. During the company registration process, your company’s details, including its legal entity and business activity, will be automatically imported from this reservation.
    2. Details of the Proposed Directors and Officers: This includes the name, residential address, ID numbers, and type of identification documents such as an NRIC for local directors or a passport for foreigners.
    3. Share and Shareholder Details: Information on the company’s share structure, including the currency, class of shares (such as ordinary or preference shares), any subclasses, details on share payables, and identification details of individual or corporate shareholders (name and identification number or UEN).
    4. Registered Office Address: Provide your company's registered office address, including the postal code and working hours. The normal working hour in Singapore is 9 a.m. to 6 p.m.
    5. Company Constitution: A company constitution is a document outlining the rules governing the company’s operations, including management structure and shareholder rights. It is formerly known as the Memorandum and Articles of Association (MAA). You can choose to use the model constitution or upload a customised one.
    6. Singpass: Singpass is Singapore’s national digital identity that allows holders to access government services online, including local company registration. It is important to note that you must have a Singpass to incorporate your company online; otherwise, you will need the assistance of filing agents or professional incorporation services

    In Singapore, company registration can be done exclusively online through Bizfile, which is the online platform provided by the Accounting and Corporate Regulatory Authority (ACRA). In-person applications are not accepted

    Applying for Business Licences

    Businesses in certain industries or engaging in specific activities need to apply for relevant licences and permits to operate. Here are some of the common sectors where these requirements apply. 

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    Applying for Business Licences

    Businesses in certain industries or engaging in specific activities need to apply for relevant licences and permits to operate. Here are some of the common sectors where these requirements apply. 

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    Building & Construction

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    Financial Services

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    Fundraising & Charity

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    Dormitory Services

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    Food & Beverage

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    Hotel

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    Education

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    Healthcare

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    Travel Agency

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    Environmental Services

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    Logistics

    Some industries require businesses to meet specific conditions before a licence can be granted. This may include having a minimum paid-up capital. For instance, registered travel agents must have a minimum paid-up capital of SGD 50,000 for Niche Licences or SGD 100,000 for General Licences.


    After successfully incorporating your Singapore business, you can apply for the necessary licences. The GoBusiness Singapore website offers a complete list of licences you can apply for, along with those for renewal or amendment.

    Requirements for Foreigners

    The Singapore government allows complete foreign ownership, but there are some specific requirements, which include:

    • Entrepreneur Pass (EntrePass): An Entrepreneur Pass, or an EntrePass, is a business visa that allows foreign entrepreneurs to start and operate businesses in Singapore. With an Entrepass, you can apply for Singpass, which provides access to various digital government services. If you do not have this pass or another qualifying pass (such as an Employment Pass), you will need to use a filing agent or business registration service to complete the registration.
    • At Least 1 Local Director: Although foreigners can own 100% of a company’s shares, at least one director must be a Singapore resident. This includes Singapore citizens, Permanent Residents (PR), and holders of an EntrePass or Employment Pass (EP). Other qualifications for the local director include:
    • Must be at least 18 years old.
    • Must be of full legal capacity.
    • Must not be disqualified from acting as a director or have a criminal conviction involving fraud.
    • Employment Pass holders must have a Letter of Consent (LOC) from the Ministry of Manpower (MOM) to be appointed as a company director.
    • Foreign Identification Number (FIN) holders must check with relevant government agencies or authorities regarding their eligibility to be a company director.

    Additionally, if any director or shareholder is a foreigner, a  Corporate Service Provider (CSP) must be engaged to incorporate the company. 

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    How Much It Costs to Incorporate a Company

    The cost of incorporating and maintaining a Singapore company varies depending on several factors, but the average total is around SGD 5,000 to 8,000. This amount includes set government fees, registered addresses, and mandatory professional services. 

    Government Fees

    • Name Application Fee: SGD 15
    • Company Registration Fee: SGD 300
    • Annual Filing Fee: SGD 60 (a recurring expense; not included in the initial incorporation cost)

    Total Initial Government Fees: SGD 315


    Registered Office Address

    Every company must have a local registered address, which cannot be a PO Box. Options include:

    • Physical Office Rental: Costs for renting an office in Singapore vary based on location and size, with the average costs ranging between SGD 3.80 to 15.00/sqft monthly. 
    • Virtual Office Services: Businesses that don’t require a physical space can choose virtual offices instead. Some providers offer packages that include mail handling and phone answering services, with costs ranging from SGD 5 to SGD 200 per month.

    Approximate Annual Office Rental: SGD SGD 600 to 2,400

    Other Mandatory Fees

    • Company Secretary: Every registered company in Singapore must have a company secretary. Most corporate secretary services offer quote-based pricing, typically ranging from SGD 600 to SGD 1,200 annually. 
    • Company Auditor: Unless exempted, companies must appoint an auditor. Fees for this service generally range between SGD 1,000 to SGD 5,000 per year, depending on the business size. 
    • Nominee Director: If there isn’t a resident director, companies may need to appoint a nominee director, costing between SGD 2,000 to SGD 5,000 per year.
    • Business Licences and Permits: Costs vary depending on the type of licence required. For example, the General Travel Agent Licence costs SGD 400 and has minimum financial requirements of SGD 100,000. 

    Total Cost Range for Mandatory Requirements: Minimum around SGD 4,000 

    How Long It Takes to Incorporate a Company

    The application via Bizfile e-service takes around 20 minutes to complete. 

    Typically, the application will be processed on the same day, and you’ll receive a response within 1 working day. However, for companies with complex business structures requiring approval or review by another government agency, the process may take up to 2 months.

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    Renewal Process

    The process doesn’t end with simply registering your company. Once incorporated, there are ongoing annual compliance requirements you must fulfil, typically each year, to maintain legal operation and good standing with the authorities.

    1. Annual Filing

    Incorporated companies are required by the Singapore Companies Act to hold an Annual General Meeting (AGM) and file annual returns with ACRA to ensure the company’s information is up to date. 

    All companies, including inactive and dormant ones, must file annual returns, even if exempted by IRAS from filing an income tax return. The annual returns must be filed within 7 months after the end of the company’s financial year. However, you can apply for an extension of time for the AGM or an annual return of SGD 200. 

    2. Business Registration Renewal

    Sole proprietorships and partnerships must renew their business registration before the expiry date or up to 60 days prior. Renewal can be done for either 1 year or 3 years at a cost of SGD 30 per year. 

    Both requirements can be done online through Bizfile. 

    Appointing an Auditor

    Private limited companies are required to have their financial statements audited by an auditor or a registered public accountant at least once a year. Directors must appoint an auditor within three months of incorporation unless the company qualifies for an exemption as a small company.

    To be qualified, the company must meet at least 2 of the following over the last two consecutive financial years:

    1. Have an annual revenue of SGD 10 million or less;
    2. Have total assets of SGD 10 million or less;
    3. Have 50 or fewer employees

    Once the company qualifies as a small company, it will keep this status in subsequent financial years until it no longer meets the criteria or ceases to be a private company during the financial year.

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    A graphic of the Statrys boy choosing between different types of companies

    Understanding the Type of Companies in Singapore

    Choosing a type of business entity for your company is extremely important, as it affects your registration requirements and your company’s operations. The common business structures in Singapore include:

    • Private Limited Company (Pte Ltd): A private limited company can have a maximum of 20 shareholders. This is the most common structure for businesses in Singapore, offering tax advantages and limited liability protection as shareholders are only liable for the company’s debts up to their share capital. It is also the most flexible type of business entity.
    • Limited Liability Partnership (LLP): An LLP combines the benefits of a partnership and a company. It allows partners to operate as a partnership while having limited liability protection, meaning each partner is not personally liable for the business debts or the actions of other partners.
    • Sole Proprietorship: A sole proprietorship is the simplest business structure. It is owned and operated by one individual who has full control of the business but is also personally liable for its debts and obligations. Only a Singapore Citizen, permanent resident, or eligible Foreign Identification Number (FIN) holder can register as a sole proprietor. 

    While this guide covers the essentials of registering a business in Singapore, we focus mainly on private limited companies. Other types of business entities may have specific requirements, so it’s important to check the guidelines that apply to your chosen business structure.

    Related Articles

    Sole Proprietorship Registration in Singapore

    Limited Liability Partnership (LLP) in Singapore Registration

    How To Setup a Representative Office in Singapore

    How To Setup a Branch Office in Singapore

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    Choosing and Reserving Your Company Name

    After understanding the types of business entities, the next step is choosing and registering your company name. All new company names must be submitted to and approved by ACRA before registration.

    You can choose to register a name first or do it simultaneously with company registration. If you register a name first, be sure to keep the transaction number, as it will be needed when you register the company. Once approved, the name will be reserved for 120 days. If you haven’t registered your business within this period, it will be available to other applicants.

    Let’s review the essentials to ensure your application goes smoothly and avoid any unnecessary fees.

    How to Name Your Company

    The proposed name for your company should follow ACRA guidelines, which include:

    • The name must be in the English alphabet.
    • Private limited company names must end with “Limited (Ltd.)” or “Berhad (Bhd.)” unless the Registrar has approved the omission of the suffix.
    • The name should not resemble those of government bodies or infringe upon existing trademarks.
    • The name must not contain the word “Temasek.”
    • The name must not be undesirable, such as containing vulgar, obscene, or offensive words.

    Words Disregarded in Identical Name Check

    The following words are not sufficient to make the proposed company name unique if there’s a registered entity with a similar name.

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    The
    Asia
    Asia Pacific
    Associates
    Company
    And Company
    Corporation
    Group
    Holding/Holdings
    Incorporated
    International
    Partner/Partners
    Partnership(s)
    Singapore
    South Asia
    South East Asia
    Trading
    Worldwide
    Berhad or Bhd
    Limited or Ltd
    Limited Liability Partnership or LLP
    Limited Partnership or LP
    Private or Pte
    Public Accounting Corporation or PAC
    Sendirian or Sdn
    .co
    .com
    .edu
    .gov
    .net
    .org
    .sg

    For example, if there is an existing business called “Star Solutions,” an application to register a new business as “The Star Solutions” or “Star Solutions South East Asia” would be rejected.

    Checking Name Availability

    You can check if the name you have in mind for your business is available on Bizfile. To do so, simply follow these steps:

    1

    Visit Bizfile and type your proposed company name in the search bar.

    Step 1 to check name availability on Bizfile
    2

    You will be redirected to the search tool. Click on the “Search” button.

    Step 2 to check name availability on Bizfile
    3

    The results will show whether the business name, or a similar one, is registered, along with the company’s status.

    Step 3 to check name availability on Bizfile
    4

    If it says “No matching record,” there is no registered company with this name, meaning you can proceed with registering it.

    Step 4 to check name availability on Bizfile

    How to Register a Company Name

    Once you’ve checked that the name you have in mind is not taken, you can proceed to register it. However, you will need a Singpass to access the service on your own. If you’re using a corporate service provider, they will typically handle this step for you as well. 

    Apart from your proposed company name, you will also have to provide the following:

    SSIC Code

    • To register a new business name, you will also have to provide the Singapore Standard Industrial Classification Code (SSIC) and a brief description of your business’s primary activity. For example, if your business involves selling designs, you would use the SSIC code “74192” code for Art and Graphic Design Services, along with a description like “Selling of graphic designs.” 

      You can use the SSIC Search tool on Bizfile to find the appropriate code for your business.

    Details of the Owner or Authorised Representative

    You will also have to provide the information of the business owner, authorised representative, or nominee or trustee, which includes:

    • Date of Appointment
    • Name
    • Identification Type and Number
    • Nationality
    • Date of Birth
    • Local Fixed Line and Mobile Numbers
    • Email Address
    • Residential Address.

    In-Principle Approval 

    • If you have an In-Principle Approval from referral authorities because your proposed business name contains terms like “legal” or “school,” you must upload the approval as an attachment.

      Once you’ve filled in all the information, review and confirm your application, then click submit. You will then need to make a payment of SGD 15 to complete the process. This fee is non-refundable. 

      Typically, the name registration is approved immediately, but it can take 14 days to 2 months if the application has to be referred to relevant authorities.  For example, if the business name includes words like “legal” or “law,” it must be referred to the Legal Services Regulatory Authority for further consideration. 
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    Define Your Company Structure

    You’ll need at least one director and one shareholder to incorporate a local company in Singapore. Here are the eligibility requirements. 

    • Directors

    At least 1 director of the company must reside in Singapore and can provide proof of address if needed. This individual have to be a Singapore citizen, a Permanent Resident, or a foreigner with an EntrePass or Employment Pass. However, foreigners should confirm their eligibility with the relevant authorities before being appointed as local directors.

    It’s also a legal requirement that at least one local resident director remains on the management board at all times while the company is operating.

    In case you cannot find a suitable candidate to act as a local director, you may appoint a nominee director who does not have actual executive authority in the company but can fulfil this requirement.

    • Shareholders

    Singapore allows 100% foreign ownership, meaning all shareholders can be foreign nationals. The shareholder requirements will depend on the company type, for example: 

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    Exempt Private Company

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    Private Company Limited By Shares

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    Public Company Limited by Shares

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    Set the Amount of Share Capital

    The minimum paid-up capital for incorporating a company in Singapore is SGD 1, and it can be issued with or without full payment from shareholders. Share capital can be increased after incorporation, but you need to provide this information when registering. 

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    Tip: The company automatically becomes a member of the Singapore Business Federation (SBF) if its paid-up share capital exceeds SGD 500,000.

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    Appointing a Company Secretary

    Unlike when registering a company in Hong Kong, you are not required to have a company secretary at the time of registering a company in Singapore. However, you must appoint one within six months from the date of incorporation.

    A company or corporate secretary in Singapore is responsible for ensuring that the company and business activities comply with the country’s laws and regulations. They are also responsible for:

    Keeping important statutory company records.

    • Filing annual returns and ensuring the company meets all deadlines to remain in good standing.
    • Ensuring good corporate governance is in place.
    • Preparing annual general meetings (AGM) with the company’s directors, usually within six months after the financial year ends.

    Who Can Be a Corporate Secretary for Your Company?

    A company secretary must be a natural person whose primary residence is in Singapore. A secretary for a public company must also meet at least one of the following requirements:

    • Worked as a corporate secretary for at least 3 out of the last 5 years before becoming the secretary of a public company.
    • Qualified under the Legal Profession Act.
    • Registered as a public accountant according to the Accountants Act.
    • Is a member of the Institute of Certified Public Accountants of Singapore.
    • Is a member of the Singapore Association of the Institute of Chartered Secretaries and Administrators.
    • Is a member of the Association of International Accountants.
    • Is a member of the Institute of Company Accountants, Singapore.

    The company’s sole director cannot also serve as its company secretary.

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    Deciding on a Financial Year-End (FYE)

    The Financial Year-End (FYE) is the final day of your company’s accounting period. Deciding on the FYE is essential, as this information is required when filling out the company registration form. The FYE also determines several compliance responsibilities, including:

    • Corporate filings and taxes
    • The Annual General Meeting (AGM) must be held within 6 months after the FYE for private companies.
    • For private companies, annual returns must be filed within 7 months after the FYE.

    The FYE can be 12 months or 52 weeks:

    • 12-month accounting periods: If you decide to start on 1 April, the FYE will fall on 31 March of the following year. This is a standard calendar-based period that covers exactly 12 months.
    • 52-week accounting periods: Alternatively, if you choose to start on 1 April, the 52-week period will end 364 days later, on 30 March of the following year. 

    To change the FYE, you must inform the Registrar. Companies can adjust the FYE for the current or most recent financial year only if statutory deadlines for holding the AGM, filing the Annual Return, and distributing financial statements have not yet passed. 

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    Tip: According to ACRA, the common FYE are 31 March, 30 June, 30 September, and 31 December.

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    Getting a Registered Address 

    Every registered business in Singapore must have an actual office address to receive official correspondence from government authorities. This address cannot be a PO Box. 

    Additionally, the registered office must be open to the public for at least three hours during ordinary business hours on weekdays to facilitate the delivery of legal documents and ensure authorities' accessibility. Failure to comply with these requirements can result in fines of up to SGD 5,000. 

    How to Get a Registered Address in Singapore

    1. Use a Virtual Office Service Provider

      If your operation does not require a physical office, choose to use a virtual office service. Virtual offices provide an official address where your business can receive mail and official communications, and some providers offer meeting rooms as well. However, it’s essential to ensure that the provider is qualified and accepted by ACRA. 
    2. Rent an Actual Space in Singapore

      For businesses needing a physical office for daily operations, renting an actual office space in Singapore is an option. 
    3. Home Office Scheme

      Small-scale business owners can apply for approval under the Home Office Scheme to use their residential addresses as their registered office addresses. This approval must be done before submitting the company registration application. 
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    Filling Out the Online Application

    Now that you have everything ready, including registering your business name, you can proceed with incorporating your company. 

    In Singapore, all company registration applications must be submitted online through the Bizfile system, which you can only do so with a Singpass. 

    If You Have a Singpass

    If you have a Singpass, then you can register a company by yourself by following these steps.

    1

    Visit Bizfile, then click on “Register new business entity,” which can be found under “Register.”

    Singapore company registration online application step 1
    2

    Once you click “Start,” you will be asked if you will log in as a business or individual user.

    Singapore company registration online application step 2
    3

    If you are an individual user, you will be redirected to log in using your Singpass.

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    4

    Enter the transaction number of the approved business name application, then proceed to the next step.

    5

    Fill in the information about your company and upload the required documents, including:

    • Financial Year-End (FYE) and Financial Year Period
    • Additional officers or shareholders
    • Share capital, allotment, and shareholder information
    • Registered office address and working hours (at least 5 hours during ordinary business hours or at least 3 hours but less than 5)
    • Company Constitution
    6

    Pay the company registration fee using a credit or debit card (Visa, Mastercard®, or American Express), PayPal, Apply Pay, or Google Pay

    If You Don’t Have a Singpass

    If you do not have a Singpass, you must engage a third-party filing agent or professional company incorporation service to register the company on your behalf. These professional agents are familiar with Bizfile and Singapore’s business registration requirements, so they can help ensure that your application is complete and compliant.

    Most professional services will assist you with the following:

    • Name checking and reservation
    • Document preparation
    • Compliance with local requirements, including appointing a local resident director or nominee director if needed
    • Registered address service

    Using a company incorporation service isn’t limited to those without a Singpass. If you’re managing a small business, these services can help you stay on track and save time if they meet your budget.

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    Tip: It typically costs between SGD 2,350 and SGD 3,500 to incorporate a company in Singapore using incorporation services.

    Documents Upon Successful Application

    Once your application is submitted and approved, the appointed officers, including the directors, shareholders, and company secretary, will receive an email requesting their endorsement. All appointed officers must confirm their roles in Bizfile within 60 days of the email date.

    After the business is successfully registered, you will receive the following:

    Business Profile

    Singapore Business Profile Sample

    A Business Profile is like an identity card for your Singapore business. It contains details such as the company name, Unique Entity Number (UEN), and business activities. An email with instructions on how to download the free Business Profile will be sent to the email address of the person who filed the registration.

    You can view samples of the Business Profile for different types of business on the ACRA website.

    Unique Entity Number (UEN)

    A Unique Entity Number (UEN) is an identification number for your business, which can be found in the Business Profile. Typically, ACRA automatically generates a 9-10 digit UEN for newly incorporated companies. However, you can also purchase a preferred UEN from a reserved list for SGD 3,000 (Tier 1) or SGD 1,000 (Tier 2).

    This number must always be quoted in business letters, statements of account, invoices, and other official correspondence, along with the company’s name.

    Certificate of Incorporation

    Singapore Certificate of Incorporation Sample

    In addition to the Business Profile, you can purchase a Certificate of Incorporation for SGD 50. This document certifies that the company is registered with ACRA in Singapore and may be required when opening a corporate bank account or engaging with government agencies. 

    You can also purchase other certificates, such as the Certificate of Good Standing, directly from ACRA. It’s important to note that ACRA only provides electronic copies of these documents, not hard copies.

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    Post-Incorporation Steps

    Registering your business is only the beginning. To maintain compliance and set a solid foundation for smooth operation in Singapore, it’s essential to keep your company information accurate, follow obligations such as annual filing, and consider these additional post-incorporation steps.

    Register for Corppass

    Singapore Corporate Access (Corppass) is an authorisation system for business entities to allow employees and third parties to perform corporate transactions with government agencies online, such as the IRAS digital services. 

    After you have registered your company, you can set up and manage your company’s Corppass account on the Corppass website

    Register for Goods and Services Tax (GST)

    If your business’s taxable turnover exceeds SGD 1 million at the end of the calendar year or is expected to be more than this amount in the next 12 months, you must register for Goods and Services Tax (GST). 

    GST-registered businesses are required to charge and account for a 9% GST rate on all sales of goods and services in Singapore unless exempted. 

    To apply for GST registration, you can visit and follow the steps on the IRAS website. The process varies by the type of business, and you can check whether you need to register for GST with the IRAS beforehand. 

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    Opening a Business Account

    Another essential step after registering your company is opening a business or corporate account. Having a separate bank account for business transactions under your registered company’s name is crucial for accurate financial reporting and cash flow management. 

    When choosing a business account in Singapore, consider the following factors:

    1. Fees: Check account maintenance fees, transaction costs, and hidden charges, especially for international transfers.
    2. Account Setup: Traditional banks may require in-person visits, while digital banks and fintech providers often allow 100% online setup.
    3. Currency Options: Look for multicurrency accounts if your business handles transactions in different currencies.
    4. Customer Support: Ensure the bank offers personalised and responsive support. 
    5. Integration: Fintech accounts often offer integration with accounting software, streamlining bookkeeping and financial reporting.

    While the account opening process and eligibility requirements typically vary by account plan and bank, major banks in Singapore usually require a Singpass, UEN, and Tax Identification Number (TIN). Traditional banks also often require an in-person interview for business account openings. 

    If you register your Singapore business with Statrys, we can assist you in applying for a Statrys multi-currency business account, subject to approval. This account allows you to hold up to 11 major currencies and make international and local transactions at competitive rates, as well as access personalised support from dedicated account managers. 

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    Taxes in Singapore

    Lastly, let’s understand how taxes work for your company in Singapore. The Inland Revenue Authority of Singapore (IRAS) oversees corporate taxes and enterprise disbursement schemes.

    Corporate Taxes

    In Singapore, all companies, both local and foreign, are taxed at a flat rate of 17%. However, similar to Hong Kong, Singapore operates a territorial tax system which means foreign-sources income is generally not liable to tax unless it is remitted into the country. Additionally, Singapore has Avoidance Double Tax Agreements (DTAs) with other jurisdictions to prevent double taxation on income earned in one jurisdiction by a resident of the other.

    Your company is responsible for the annual filing of Corporate Income Tax Returns with IRAS. These include:

    1. Estimated Chargeable Income (EIC): ECI is an estimate of your business’s taxable profits. You will receive the ECI filing notification before the end of your company’s financial year, starting from the year after the incorporation. 
    2. Form C-S/ Form C-S (Lite)/ Form C: These are types of forms for your company to declare its actual income, depending on annual revenue. Typically, all companies are required to file using Form C and submit financial statements and tax computations along with it. New companies will have to file this starting from the second year of incorporation. 

    Tax Exemption

    To encourage business growth, Singapore offers various tax exemption schemes that allow eligible companies to lower their tax burden, especially for start-ups and SMEs. Here’s a look at the key exemptions available:

    Start-up Tax Exemption Scheme

    New start-ups are allowed a 75% exemption on the first SGD 100,000 of normal chargeable income and a further 50% exemption on the next SGD 100,000 for their first 3 years of operations. 

    To qualify for this exemption, the company must:

    1. Be locally incorporated in Singapore
    2. Be a tax resident of Singapore for that Year of Assessment (YA)
    3. The company’s share capital must be held by no more than 20 shareholders, with all shareholders as individuals or at least one individual owning 10% of issued ordinary shares
      Companies primarily engaged in investment holding or property development for sale and/or investment are not eligible.

    Partial Tax Exemption Scheme

    All companies are eligible for partial tax exemption (PTE), which gives a 75% exemption on the first SGD 10,000 of normal chargeable income and a further 50% exemption on the next SGD 190,000.

    A graphic of a Statrys boy and a Statrys lady giving each other a high five while on the computer

    Singapore Company Registration Service - Statrys

    Statrys is the partner you need for a quick, hassle-free solution to registering and running your Singapore company smoothly. 

    Statrys offers an all-inclusive Singapore company registration package at a single price. The package includes everything from incorporation and company secretary services to a registered address with mail forwarding, which is ideal for entrepreneurs and businesses of all sizes, including those new to Singapore.

    Here’s what you will get:

    Incorporation Services

    • Registration filing with the Accounting and Corporate Regulatory Authority (ACRA)
    • Certificate of Incorporation
    • Business Profile
    • Company Chop
    • Constitution of the Company
    • Preparation of pre-incorporation documents
    • Preparation of post-incorporation documents

    Nominee Director

    • Provision of a Local Nominee Director (1 year, annual renewal)
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    Corporate Secretary Services

    • Provision of company secretarial services (1 year)
    • Annual Return Filing with ACRA for each calendar year
    • Holding the Annual General Meeting (AGM)  within 6 months after each Financial Year End (FYE) and filing the Annual Return 1 month after the AGM
    • Preparation of AGM documents
    • Maintenance of the statutory records
    • All of your statutory records and compliance documents all in one place, accessible online 24/7
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    Registered Address in Singapore

    • Registered address for one year (annual renewal)
    • Scanning and forwarding of mail

    Business account

    • Assistance with a multi-currency business account opening (Subject to approval)
    • Documents for business account setup
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    Sources

    Here are links to the official government sources referenced in our guide, where you can find additional information.

    Related Articles

    7 Benefits of Opening a Company in Singapore

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