Company Incorporation Service
Streamline your company formation with our expert incorporation services. We ensure a fast, compliant, and hassle-free process, so you can focus on launching your business in Singapore with confidence.
If you’re planning to open a company in Singapore, it’s important to incorporate your business the right way. Let our professionals handle the process for you. At Excellence Singapore Group, we specialise in providing company incorporation services that simplify the process, ensuring your business is set up efficiently and in full compliance with local regulations.
Partnering with us means leveraging our deep expertise and local knowledge, so you can focus on what matters most—growing your business. Reach out to us today and experience the benefits of a seamless incorporation process.
Why Incorporate a Company in Singapore
Singapore is one of the ideal and popular choices for local and foreign entrepreneurs when it comes to company incorporation. Here are a few reasons why:
Developed Tax System
Singapore has one of the lowest personal and corporate tax regimes worldwide. Companies (resident and non-resident) that carry out a business in Singapore are taxed on their Singapore-sourced income when it arises and on foreign-sourced income when it is remitted or deemed remitted to Singapore. Non-residents are subject to withholding tax on certain types of income (e.g. interest, royalties, technical service fees, rental of movable property) where these are deemed to arise in Singapore. Singapore’s current headline tax rate is capped at 17%. However, with the tax exemption and incentive programmes offered by the Singapore government, the effective Singapore corporate tax rate can be significantly lower. Plus, the Start-Up Tax Exemption (SUTE) scheme is a valuable incentive specifically designed for eligible startups in Singapore. It provides qualifying startups with a 75% exemption on the first S$100,000 of their normal chargeable income for the initial three years of operation. There is also no capital gain, dividend or estate/inheritance taxes in Singapore.
Popular Trade Ecosystem
Over the years, through its extensive and dedicated diplomatic efforts, the city-state has established over 90 DTAs (Double Taxation Agreements) and over 25 FTAs (Free Trade Agreements). This has helped Singaporean companies connect to major economies of the world, providing excellent business prospects for entrepreneurs operating in Singapore.
Strategic-Geographical Location
Located in the centre of Southeast Asia (SEA) with access to key trade routes, registered companies in Singapore are at a strategic geographic location. This gives them an easy way to venture into other ASEAN countries for growth and investments.
Meritocracy-Business Policies and Environment
Singapore is both politically stable and provides an excellent pro-business environment for entrepreneurs to open companies in Singapore. The city-state is rated as one of the top 3 in the world by the World Bank, typically because of the ease of setting up and doing business.
Why Choose Our Singapore Company Incorporation Service
When it comes to incorporating your company in Singapore, Excellence Singapore Group offers several compelling reasons to choose our services:
- Expertise and Experience: Our team has extensive experience in Singapore’s regulatory environment, ensuring that your incorporation process is smooth and compliant.
- Comprehensive Services: We offer a full range of services, from incorporation to post-incorporation support, making us a one-stop solution for all your business needs.
- Tailored Solutions: We customise our services to meet your specific needs, whether you’re a local entrepreneur or a foreign investor.
- Transparent Pricing: Our pricing is clear and upfront, with no hidden fees, so you know exactly what to expect.
- Ongoing Support: We don’t just help you set up your company; we provide ongoing support to ensure your business thrives in Singapore.
Company Incorporation Packages Tailored to Your Needs
We offer seamless company incorporation services for businesses of all sizes, ensuring a hassle-free setup while meeting ACRA compliance requirements. Our packages cover everything from business registration to essential corporate services, allowing you to focus on growing your company.
What’s Included?
- Company name reservation
- Preparation of incorporation documents
- ACRA business registration (inclusive of S$315 government fees)
- Corporate secretary for the first year
- First board resolution and share certificate issuance
- Advisory on business structure, tax compliance, and regulatory requirements
Additional services such as nominee director service, Employment Pass (EP) application, corporate bank account opening, GST registration, and annual return filing are available separately.
Pricing
Company incorporation, including S$315 government fees, starts from S$800. Prices range from S$800 to S$1,300, depending on factors such as multiple shareholders, corporate shareholders, and additional services required.
Types of Business Entities for Incorporation in Singapore
Whether you’re launching a small or medium-sized enterprise (SME) in Singapore, understanding the type of business entity you fall under is crucial. Each structure carries distinct implications in terms of liability and operational considerations. Therefore, it’s important to be aware of each so you can make an informed decision and potentially set your company up for success.
Exempt Private Company
- This is the most prevalent company structure in Singapore and is commonly identified by "Pte Ltd" in its name.
- It is capped at 20 shareholders, all of whom must be individuals.
- This business structure can benefit from simplified compliance requirements.
- It is ideal for small to medium-sized businesses seeking a straightforward structure with limited liability protection.
Private Company Limited by Shares
- This entity is similar to an exempt private company, but it can accommodate up to 50 shareholders, including corporations.
- This provides businesses with greater flexibility for ownership structure.
- With this business entity, shareholders enjoy the advantages of limited liability, where their responsibility is confined to their initial investment.
Public Company Limited by Shares
- This business entity can have more than 50 shareholders.
- The company can raise capital by offering shares to the public.
- Before making public offers, the business should register a prospectus with the Monetary Authority of Singapore.
Public Company Limited by Guarantee
- This business structure is designed for non-profit organisations serving national or public interests.
- No share capital exists.
- Members' liability is restricted to the amount they pledge to contribute in case of the company's winding up.
Unlimited Private Company
- It is a unique structure where shareholders' liability extends beyond their investment, potentially impacting their personal assets.
- This type of business entity offers flexibility but carries greater financial risk.
- Choosing this type of business entity could be ideal in some cases where limited liability is not a primary concern.
Unlimited Exempt Private Company
- This combines the features of an exempt private company and an unlimited company.
- A maximum of 20 shareholders is required, and they must all be individuals, not a corporation.
Unlimited Public Company
- Similar to a public company limited by shares, this business entity allows more than 50 shareholders.
- This offers the highest degree of flexibility but carries significant financial risk.
- Unlimited public company is rarely used due to the potential exposure of shareholders' personal assets.
Guide to Choosing the Right Structure
When you register a business in Singapore and submit your application for incorporation, these are the factors you need to consider when choosing a company structure:
- Consider how much capital you are prepared to invest.
- Determine the number of owners involved in the business.
- Assess the level of liability and responsibility you are willing to assume.
- Evaluate the risks you are prepared to take.
- Weigh the advantages and disadvantages of each business entity.
- Consider how easy it is to close the business if necessary.
- Ensure your choice aligns with your long-term business goals.
- Take into account your financial situation and the degree of legal protection you require.
Singapore Company Incorporation Process
Incorporating a company in Singapore is a straightforward process when you follow the right steps. Here’s how it works:
Step 1: Initial Consultation to Understand Business Needs
We begin with a thorough consultation to understand your business goals, industry, and specific needs. Be it digital or not, we tailor our incorporation services to suit your objectives, ensuring a smooth and efficient process. Our aim is to provide a fast and hassle-free company incorporation experience.
Step 2: Document Preparation and Submission
Once we’ve determined the best structure for your business, we assist with preparing and gathering all necessary documents. This includes a copy of your NRIC and passport or other personal identification documents. We then submit these documents to ACRA on your behalf.
Step 3: Filing with ACRA and Completing the Registration
Our team handles the entire filing process with ACRA, ensuring that all regulatory requirements are met. This includes reserving your company name, registering the business, and appointing key officers like directors and the company secretary. Once ACRA approves the incorporation, your business is officially registered in Singapore.
Step 4: Post-Incorporation Support
After the company incorporation process, we provide ongoing support to ensure you meet all post-incorporation requirements. We also offer assistance in other aspects of starting your business, such as corporate secretarial services and global trademark registration if needed. Our comprehensive post-incorporation services ensure that your business remains compliant and operationally efficient.
Our Comprehensive Company Incorporation Services in Singapore
Our business consulting firm in Singapore offers a complete suite of services to support your business incorporation needs:
Name Reservation
Additionally, we provide trademark registration services to help protect your brand identity as part of the incorporation process. We assist in selecting and reserving your company name, ensuring it complies with ACRA’s guidelines and accurately represents your brand. This is the first crucial step in establishing your company’s identity in the market.
Document Preparation
Our team handles the preparation of all necessary legal documents, including the company constitution, shareholder agreements, and director consents. We ensure that all paperwork is in order and meets the stringent requirements set by Singapore’s regulatory bodies.
ACRA Filing
We manage the entire filing process with the Accounting and Corporate Regulatory Authority (ACRA). This includes submitting your company incorporation application, registering your business, and ensuring that all details are correctly recorded to avoid delays or issues.
Bank Account Setup
While this service is part of our incorporation package, please note that the setup of a corporate bank account is typically charged separately. We assist in facilitating this process with a local bank, ensuring that the setup is smooth and efficient, providing your business with the essential financial infrastructure to operate effectively. Please contact us to learn more about the charges and services involved.
Compliance Monitoring
We continuously monitor regulatory changes and updates to ensure your business remains compliant with all relevant laws and regulations. This proactive approach helps mitigate risks and keeps your operations running smoothly.
Tailored Incorporation Services for Foreign Entrepreneurs in Singapore
We understand the unique challenges faced by foreign entrepreneurs looking to register their companies in Singapore. That’s why we offer specialised incorporation services designed to streamline the business registration process for foreigners as they transition into the Singaporean market.
- Nominee Director Services: For businesses that may not yet have a local resident director, we provide nominee director services to fulfil this statutory requirement. Please note that this service is charged separately from our standard incorporation package.
- Registered Office Address: We can assist in arranging a registered office address in Singapore, which is a necessary component for company registration. This service is available at an additional cost.
- Employment Pass Assistance: Our experts guide you through the Employment Pass application process, helping you secure the necessary work visas for yourself and your key staff. Please be aware that this service is charged independently. Contact us for detailed information on the associated fees for these services.
Frequently Asked Questions About Company Incorporation Services in Singapore
How long does it take to incorporate a company in Singapore?
This depends on how prompt you and your shareholders can submit documentation to our staff. However, typically, once all the documents are prepared, the registration process will take 1 to 3 days. Should the application be referred to another Minister, this could take up to 2 months.
Do I need a physical office in Singapore to incorporate my company?
Yes, a registered office address in Singapore is mandatory, but it doesn't have to be where the business operates. This requirement ensures that the public can contact the business if needed and that legal documents can be delivered efficiently.
Can a foreigner incorporate a company in Singapore?
Yes, foreigners can incorporate a company in Singapore. However, at least one director must be a Singapore resident to register the business. You can engage with nominee director services to fulfil this requirement.
What is the minimum paid-up capital required to incorporate a company in Singapore?
The minimum paid-up capital required to incorporate a company in Singapore is just S$1, making it accessible for entrepreneurs to start a business. This low threshold not only encourages startups but also provides flexibility in managing initial investments. Despite the minimal requirement, businesses can choose to increase their paid-up capital at any time after incorporation, depending on their funding needs and growth plans.
Do I need to travel to Singapore to incorporate my business?
No, you don't need to be physically present in Singapore to incorporate your company. If you're unable to travel, we offer nominee director services where our representative can handle the entire registration and incorporation process on your behalf, ensuring a seamless and hassle-free experience.
What are the tax implications for foreigners who own companies in Singapore?
Foreigners who formed companies in Singapore can benefit from the same tax advantages as local companies, including a flat corporate tax rate of 17% and access to various tax exemptions. This makes Singapore an attractive destination for many foreign investors to set up business.
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The incorporation form is specifically for Singapore (SG) incorporation. For any other types of incorporation, please feel free to reach out to us for a different incorporation form.
Incorporation Form