Steps to Follow for Incorporating a Company in Singapore
Singapore is one of the most iconic financial hubs in the world. It has been a center point of attraction for startups, business enthusiasts, and investors. Considering the broad market scope and excellent business opportunities in Singapore, if you plan to set up a new company in Singapore, you first must know about the whole company registration procedure. It is essential for a smooth and hassle-free business incorporation process.
In this blog, you will learn the mandatory steps that you need to follow for successfully incorporating your company in Singapore. Let's explore those below!
Business Name Approval- Obviously, naming your business and getting your business name approved by the concerned authority is the very first step you need to follow for incorporating your company in Singapore. You need to choose a unique name for your business, and for that, you can use the “Company Name Search” tool. This tool helps in checking the availability of your business name and ensuring your business name is unique. To get your business name approved, you need to approach the ACRA (Accounting and Company Regulation Authority).
Documentation for Registration- After getting your business name approved by ACRA, you need to start preparing all your mandatory documents. The mandatory documents include the Company Constitution (formerly known as Articles of Association), signed consent to act as Company Secretary, signed consent to act as a director, and Identity and address Proofs of every business partner or stakeholder. All these documents must be translated into English.
Documents that are mandatory and required to be submitted to the authority include:
Company name registered with ACRA
A brief description of business activities
Address detail of the company
Shareholders, directors, and company secretary details
& Others documents
Company Registration- After the documentation process, you need to fill the company registration form. You can register your company online by using the online company registration portal provided by ACRA, or you can register by visiting the ACRA office.
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