Company Incorporation Services in Singapore

Take the complexity out of company incorporation in Singapore with our services and have confidence in your compliance.

Why Incorporate a Company in Singapore?

Incorporating a company in Singapore is a highly attractive choice due to several compelling factors. Singapore boasts a robust and stable economy, a politically secure environment, top-tier infrastructure, an efficient tax structure, and streamlined company incorporation procedures, all of which contribute to its popularity as a preferred onshore jurisdiction for businesses.

Additionally, Singapore’s government has demonstrated its commitment to nurturing entrepreneurship and supporting local enterprises. In the Year of Assessment 2005, it introduced the Start-Up Tax Exemption (SUTE) scheme, aimed at providing tax benefits to new businesses. This initiative was specifically designed to encourage the growth of local startups and offer them a competitive edge.

Furthermore, the government, in its 2018 budget, made adjustments to the SUTE scheme to enhance its support for businesses looking to develop their capabilities. These changes, applicable to qualifying companies, came into effect starting from the Year of Assessment 2020. This demonstrates Singapore’s ongoing dedication to creating a business-friendly environment and fostering entrepreneurship, making it an ideal choice for company incorporation. The next step is looking for the right service to help you to do so.

Why Choose Segovia When Incorporating Your Company in Singapore?

There are two ways to go about incorporating a company in Singapore. One involves filing paperwork with the Singapore government on your own, and the other is engaging the company incorporation services of a private firm that specialises in corporate law. At Segovia, we offer a seamless process for company incorporation in Singapore. With us, you won’t have to worry about the paperwork involved during the process.

We are a Singapore-based corporate service provider that helps businesses set up and maintain companies in Singapore. Even if you’re based abroad, Segovia can register your company and open a bank account on your behalf so there you would not need to be physically present to start a company. Segovia guides you through the entire process. We collect the supporting documents from you, help you verify them and simplify the submission process for you. Provide us with your company name, director’s particulars, and shareholder’s particulars, and we’ll sort out the rest for you.

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Our Company Incorporation Services

Our company incorporation services in Singapore will always be tailored to your business needs, and we can provide support with:

The Singapore Companies Act also stipulates that businesses have to appoint a resident secretary within six months of incorporating a company. Aside from company incorporation, Segovia also offers secretarial services to assist you with the management of documents and submitting information to ACRA before deadlines.


Contact Us for Professional Advice on Singapore Company Incorporation

Request a free consultation to learn more about our corporate services and receive professional advice on company incorporation in Singapore. We’ll create a bespoke proposal outlining how our services can help you set up a company, meet requirements, and maintain compliance.

Steps to Incorporating a Company in Singapore

Step 1: Determining business entity type

One of the first steps involves determining your corporate structure. Which business entity supports your objectives best? When deciding on a corporate structure, consider who the shareholders of your company are, the size of each share, who the directors are, and the initial share capital of the company. It also helps to weigh the advantages and disadvantages of each business type keeping in mind your ultimate goals to be able to arrive at the best decision. Your risk appetite is also a significant factor and affects the business entity type that you choose.

In Singapore, there are four different business entity types you can choose from:

  • Sole-Proprietorship or Partnership: A business entity that is fully owned and controlled by a single individual (Sole Proprietorship). There are no partners in this type of business structure, and the business entity and the individual are not legally distinct. A business entity owned by at least two individuals who intend on running business operations together and sharing liabilities (Partnership)
  • Limited Partnership (LP): A partnership consisting of two or more partners, with one limited partner and at least one general partner. General partners are liable for all actions of the limited partner.
  • Limited Liability Partnership (LLP): A partnership consisting of two or more partners, with co-partners being protected from any acts of commission or omission by other partners. Partners of an LLP cannot be held liable for acts of wilful misconduct or negligence of other partners. These can be incorporated as Private Company Limited by Shares, Public Company Limited by Shares, Public Company Limited by Guarantee.
  • Company: A business entity registered under the Companies Act, Chapter 50. 

Foreign companies that intend on establishing a company in Singapore can do so under the following entities:

  • Subsidiary company: Also known as a limited liability company, this is the most common business structure for foreign businesses.
  • Representative office: A branch office does not have a legal status and is established temporarily. Such an entity cannot engage in trade.
  • Branch office:  A branch office is established as an extension of its parent company, and any liabilities are borne by the parent company.

There are 4 types of companies:

  • Private company limited by shares
  • Exempt private company
  • Public company limited by shares
  • Public company limited by guarantee

Step 2: Decide on a company name

Choosing an appropriate company name can be difficult. Adding to this conundrum is having to ensure that your company name has not already been taken up by another business. To check if your shortlisted names are available for you to register, search them up on the Accounting and Corporate Regulatory Authority (ACRA) website. Take care to ensure you have spelt the name correctly. Registering your name would cost S$15.

During this process, you would also have to indicate the nature of your business using the Standard Industrial Classification (SSIC) codes. For example, if you’re starting an advertising business, the corresponding SSIC code is 73100. Upon receiving the approval of your application, complete your company incorporation in Singapore within 120 days, or you will need to restart the process of application.

Step 3: Prepare the required documents

Once your company name has been approved, prepare the following legal documents:

  • Company constitution
  • Consent from company directors
  • Consent from company secretaries
  • Declaration of the company’s controllers

For Singapore residents, submit these documents on Bizfile+ to complete your application. To log into the Bizfile+ portal, use your Singpass. You will be asked for your transaction number, which was provided during the application of your company name.

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