Business Structures
You can register your business in Singapore under various structures, including:
  • Sole Proprietorship/Partnership: Easy to set up, but owners have unlimited liability.
  • Limited Partnership: Combines elements of partnerships and companies, offering liability protection for limited partners.
  • Limited Liability Partnership (LLP): Provides liability protection for all partners.
  • Local Company: A separate legal entity from its owners, offering liability protection.
Registration Process
  1. Choose Your Business Structure: Select the most suitable structure for your business needs.
  2. Reserve Your Business Name: Ensure the name is available and compliant with ACRA regulations.
  3. Register Your Business: Submit your application through ACRA's BizFile+ portal.
  4. Obtain Necessary Licenses: Depending on your industry, you may need additional licenses or permits.
Requirements
  • Directors and Shareholders: At least one director must be a Singapore Citizen, Permanent Resident, or hold an EntrePass or Employment Pass.
  • Company Secretary: A local company must appoint a secretary within 6 months of incorporation.
  • Registered Office: A physical address in Singapore is required.

Fees and Processing Time
  • Registration Fees:
    • Sole Proprietorship/Partnership: $100-$160 (1-3 years)
    • Limited Partnership: $100-$160 (1-3 years)
    • LLP: $100 (one-time)
    • Local Company: $300 (one-time)
  • Processing Time: Typically 15 minutes to 60 days, depending on the application complexity.
Additional Considerations
  • Tax Benefits: Singapore offers attractive tax rates and incentives for businesses.
  • Annual Filing Requirements: Companies must file annual returns and financial statements with ACRA ¹ ².
It's recommended to consult with a professional company secretary or lawyer to ensure compliance with all regulations. You can also use online resources like ACRA's BizFile+ portal or consult with business registration experts like Sleek ³ ².




Overview

Registering a company in Singapore can be a strategic move for businesses looking to expand globally. Singapore offers a business-friendly environment, low tax rates, a highly skilled workforce, strategic location, and strong intellectual property protection.

Types of Companies

  • Private Limited Company (Pte Ltd): Most common type, offering liability protection and tax benefits
  • Sole Proprietorship: Simple to set up, but no liability protection
  • Partnership: Suitable for multiple owners, but also lacks liability protection

Registration Requirements

  • Unique company name
  • Registered office address
  • At least one director and shareholder (can be the same person)
  • Local director or foreign director with valid EntrePass/Employment Pass
  • Company secretary appointment within 6 months

Documents Needed

  • Memorandum and Articles of Association
  • Identification documents for directors and shareholders
  • Proof of address for directors and shareholders

Timeline

  • Typically 1-3 days for registration
  • 1-2 weeks for tax registration

Costs

  • Registration fees: around SGD 300
  • Annual fees: around SGD 300-600
  • Other costs (e.g., accounting, auditing): vary