Registration of a company in Singapore

Name of service Bronze Silver Gold Platinum Brilliant
Checking and Reserving a Company Name in the public register of Singapore Accounting and Corporate Regulatory Authority (ACRA) Verifying the availability and reserving of your preferred company name in the registry
Registration of a company in the form of PTE LTD, including state duty Preparation and submission of all required documents and fees to the relevant government authorities for company registration, ensuring a streamlined process for our clients
Assistance with a TIN number registration Collecting, preparing and filing the necessary documents for TIN number
Certificate of incorporation Provision of international standard certificate of incorporation for your company
Company seal Production of the company seal
Local secretary services for one (1) year Provision of a local secretary for your company. This means we provide you with a local contact person who will ensure communication between you and the authorities, banks or other parties in Singapore. The contact person can help you with translations, receiving and forwarding official documents, representing your company and general administrative support. This gives you confidence and convenience in communicating and interacting with government agencies and institutions
Local director for one (1) year Provision of a Singapore resident director to sign company contracts and keep confidentiality of the founder / open account with a local bank
Assistance in opening a corporate bank account in the payment system Collection, processing and filing of the documents required for opening a corporate account with a payment system, including consultation of appropriate jurisdiction
Assistance in opening a corporate bank account with a traditional bank OCBC Bank, UOB, DBC Bank Collection, processing and filing of documents required for opening a corporate account in a traditional bank, including consultation on the choice of appropriate jurisdiction
Free consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need
Total cost
1200 USD 1600 USD 2200 USD 3000 USD 9800 USD
Provision of a legal address for 1 (one) year
900 USD 900 USD 900 USD 900 USD 900 USD
Remote company registration with transfer of authority
300 USD 300 USD 300 USD 300 USD 300 USD
Accounting services
350 USD 350 USD 350 USD 350 USD 350 USD

Deal of the month

If you will register a company until 31 October,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The business zone of Singapore is slightly different from other prestigious jurisdictions. Local authorities have established a quick process for the company registration in Singapore and also its subsequent operation. It is advantageous to operate out of Singapore and open accounts in other banks. If you are considering this jurisdiction as your target one, it is possible to establish your business presence in one of these business forms.

Major Forms of Legal and Business Presence

If you intend to run your commercial activities from Singapore, your business presence in this jurisdiction may be established here in one of these legal forms:

  • Private Limited Company – a corporate entity that can have not more than 50 members whose liability doesn’t exceed the amount of their contributions made. This legal person is separated from its members and applies certain restrictions on the transfer of shares.
  • Public Limited Company – a corporate entity that can have more than 50 members whose liability is also limited to the value of shares owned by them also. But, in this case, shares may be freely transferred and also offered to the public.

Registration Requirements and Steps

Company formation in Singapore covers these approximate stages:

  1. Identifying core business priorities you are going to realize through an entity in Singapore.
  2. Collecting information about future founders and beneficiaries of an enterprise.
  3. Choosing management for a future company.
  4. Selecting a business name and approving it with the Accounting and Corporate Regulatory Authority (ACRA).
  5. Arranging a business address for a corporate entity.
  6. Drafting statutory documents for an enterprise.
  7. Forming and submitting the set of registration documents to the registrar.
  8. Registration for tax and social security purposes.
  9. Opening a corporate bank account.
  10. Applying for and receiving business permits and licenses (for regulated activities).

Legal and Regulatory Framework

An option of company registration in Singapore envisages the disclosure of personal data of non-resident founders - they should be entered into the public registry. The law does not limit the amount of authorized capital by the minimum and the maximum size. Purchase of a company in Singapore may be performed by one individual, resident, or non-resident of the country. Despite the number of open registries and clear rules for non-resident companies, Singapore is considered to be one of the most prestigious jurisdictions.

A favorable local legal framework allows Prifinance to register companies in Singapore inexpensively and quickly. As a general rule, clients have a right to choose between the ready firm and the registration of a company from scratch. In the case of Singapore, the second option is preferable. The cost of the two procedures is the same and in case if the activity of new management differs from the one that was carried out before, there is the threat of closing the bank account if the company's operations under new management are not the same as it was specified in the primary constituent documents. There are also other local legal peculiarities on which Prifinance lawyers will be glad to consult you more precisely.

Still, the local regulatory framework may be considered as advantageous. It is not associated with excessive bureaucratic formalities and ensures the ease of running a business both locally and worldwide if all compliance requirements are met entirely.

Tax System of Singapore

While assessing an option of company formation in Singapore, these tax highlights also should be taken into account:

  • Corporate income tax rate – 17%
  • Personal income tax rate – 22%
  • Goods and services (instead of value-added) tax rate – 7%
  • Withholding tax rates (for non-residents)– (i) dividends – 0% (ii) interests – 15% (iii) royalties – 10%
  • Capital gains tax rates – (i) corporate – not applicable (ii) personal – not applicable.

Advantages of the Jurisdiction

Company incorporation in Singapore may be especially beneficial in view of the following benefits associated with this jurisdiction:

  • Short-time period for company registration (10-14 days approximately)
  • Beneficial taxation regimes
  • Prestigious location for doing business with lots of financial centers
  • Permit to purchase real estate – there are no restrictions on foreign ownership in Singapore
  • Exemption from currency exchange control and auditing in most cases
  • Safety of corporate assets – stable economy and reliable banking system ensures the effectiveness of long-term investments and capital protection
  • The flexibility of management that can be arranged remotely

How Prifinance Specialists May Help You

Prifinance officers settle all organizational issues and on completion provide a full package of documents. Personal presence is not required - all the papers you will get by DHL postal service.

We offer prompt company registration and bank account opening services in Singapore and worldwide. New registration and ready-made options. Provide extensive details for more precise consultations and suggestions that can be effective for your future project.

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