Singapore Company registration | Websites Design and Development | Online Marketing

Setting up a Company in Singapore as Local Resident

Industry leading Business Solutions partner, providing you with simple and hassle free Singapore company incorporation needs.

A dedicated specialist will work with you to understand your Singapore Company Set-up needs.

We will guide you step by step to Set up your business in Singapore efficiently and effectively.

Upon receipt of the incorporation information and payment. Your company would be officially incorporated within 24 hours and documents would be sent to you for signing.

Get in touch Loading...

Incorporation Details

Incorporation Process

Documents Required

FAQs

For corporate shareholder:

Copy of the certificate of registration; and
Current extract of company particulars from Registrar of Companies; and
Copy of the constitution of the company; and
A board resolution approving the incorporation of the Singapore company

For Singapore resident individual shareholder and director:

Copy of Singapore IC; and
Copy of passport if the individual is not a citizen of Singapore

For non-resident individual shareholder and director:

Copy of passport; and
Copy of residential address proof such as a recent utility bill, residential phone bill, tax bill, or cable TV bill

For the provision of our nominee director service:

Personal bank reference letter (see sample) for at least one shareholder and director
Completed (know your client) form along with resume / CV and passport

All documents must be in English or officially translated in English;
All copies of documents must be certified true copies by a notary public or you must bring the originals to our office for sighting;
If you are overseas, you can email us the scanned copies of documents so we can proceed with preparing the necessary incorporation documents. However we must receive the certified true copies (or sight the originals at our office) before we can incorporate the company. Our management may ask for additional information if necessary.

A: The registration of a Singapore Company usually takes 1 - 5 working days.

A: Yes, a Singapore company is required to have at least one local resident director. In order to qualify as locally resident, the person must be:

Singapore citizen; or
Singapore permanent resident; or
Employment Pass holder (the Employment Pass should be from the same company for which he/she is acting as a director); or
Dependant Pass holder

If you do not have a person who can act as the local director for your company, you can use our Nominee Director service to satisfy the local director requirement.

A: Each Singapore company must appoint a qualified company secretary who is knowledgeable and experienced with Singapore company laws. A company secretary typically assist the members and officers of the company with the following matters:

Assisting members with understanding and compliance with Singapore Companies Act
Reminding members of various statutory deadlines and assisting them with statutory compliance
Maintaining the statutory registers
Ensuring that the company files statutory information accurately and ontime
Providing members and directors with notice of meetings
Preparing and filing necessary corporate resolutions as and when necessary
Ensuring that people entitled to do so can inspect company records
Custody and use of the company seal

We act as the company secretary for all companies that we incorporate. Our annual company secretary retainer fee is for routine corporate secretarial services that include:

Appointing a senior MICROUNIVER member as the professional company secretary for your company
Reminding you of the various statutory compliance dates
Safekeeping, updating, and maintaining registers, minutes book, and other statutory records of the company
Free consultation during the year on routine corporate secretarial matters
Charging of discounted fees for non-routine services

Note that non-routine service requests are charged on a per request basis.

A: Minimum paid up capital requirement for a Singapore company is $1. The paid up capital can be listed in Singapore dollar or any other major currency. The concept of authorized capital has been abolished in Singapore. Whatever capital you list is treated as paid up capital and you will be required to inject this amount into the company. Paid up capital of the company can be freely utilized towards company's business expenses. There is no requirement that this money must be locked in the bank account for any specific period of time. How much paid up capital should I list for our Singapore Company?

How much paid up capital you should have for your company depends more on your business plans than anything else. Having a higher paid up capital will add credibility to your company when you are dealing with your suppliers, banks, etc. If you plan to apply for work passes for foreign staff, a higher paid up capital will be looked more favourably by Ministry of Manpower. There may also be specific paid up capital requirements for certain business licenses such as travel agency license, recruitment agency license, financial services license, etc.

If you want to list a paid up capital higher than the minimum S$1, you have two options:

Option 1:List a higher paid up capital at the time of incorporation

Keep in mind that whatever paid up capital amount you list, will need to be deposited into the company's bank account. Since we will be acting as company secretary for your company, we carry certain fiduciary responsibilities in this matter and have to ensure that the necessary paid up capital is in fact inject into the company. Therefore if you wish to list a paid up capital higher than S$100 at the time of incorporation, we will require you to deposit that money with us first. Once your company bank account is open, we will transfer the paid up capital amount into your company's bank account.

Option 2: Increase paid up capital after registration of the company

Under this option, you can increase the paid up capital anytime after registration of the company. In this case, the process is as below:

Incorporate the company with nominal paid up capital;
Open company bank account;
Inject funds into the bank account and notify us;
We will then prepare and file the necessary paperwork with Company Registrar to reflect the revised paid up capital of the company. Note that a fee will apply for his service.

A: Yes, We offer a comprehensive range of services with the objective of being a one-stop service provider for all your company needs. For almost all of our clients, we handle annual statutory compliance requirements for their companies that consist of

preparation and filing of Annual Return with Company Registrar; and
preparation and filing of Annual Tax Return with Inland Revenue Authority.

Company Incorporation Company Name reservation Minutes of first board meeting Registration with relevant authorities Electronic Certificate of Incorporation Authorities Professional Fee Preparation of Incorporation Documents Share Certificates Bank Account Opening assistance Company Seal & Rubber Stamp	S$800
Company Secretary All Singapore companies must have at least one qualified company secretary, who is a resident of Singapore and have the relevant knowledge & experience with the Singapore Companies Act. This is a mandatory annual service provided by Microuniver, it includes the following: Appointing qualified secretary for your company; Reminding the company of the various regulatory and statutory compliance dates; Maintain the minute books and company statutory registers, Non-routine corporate secretarial services e.g. changes in company structure, attending to official meetings, etc. are charged on a time-cost basis. Company Secretary - 1 Year	S$880
Company Registered Address All Singapore Incorporated entities will need a Singapore base registered address (PO box will not be qualified). The registered address must be physical where company records are kept and official correspondence can be sent and received. Microuniver's Company Registered Address includes: Handling and forwarding of incoming mails for your company; Update our business address as your company's registered address with Singapore government authorities. Company Registered Address for 1 year	S$880
Total:	S$2,560

Incorporation Process Flow:
(Detailed Incorporation Process Flow: usually takes less than 24 hours)

Making Your Decision Let us know you wish to proceed with incorporating a Singapore company. Upon receiving your request, our team will follow-up with you to clarify any questions you might have and advice you on the next step.

Provide Company Incorporation Details We will send you forms to provide us with the necessary company set-up details. You will need to complete the forms and send them back to us, so we can prepare the incorporation documents accordingly.

Payment Upon receipt of the completed incorporation details, we will send you an invoice for our service. In order for us to commence our service, you will need to make payment as per invoiced. We accept bank transfer, local cheque, cash, credit card or Paypal.

Prepare Company Incorporation Documents Upon receipt of your payment, we will proceed with the preparation of the necessary incorporation documents and send to you for signing if needed.

Company Incorporation Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the company with Registry of Companies with related authorities.

Bank Account Opening Once the company has been registered, we will assist you with opening of a corporate bank account for the newly incorporated company.

Ready To Start?

If you are ready to proceed or have any concerns, you may fill up the form on the right or use the live support at the bottom right to contact with us.

Get in touch Loading...