Incorporation Packages
ONLINE VALUE
Singapore Private Limited (Pte Ltd) Company Set Up
Inclusive of Company Set Up Fee of $300 Payable to ACRA
Inclusive of Company Name Reservation Fee of $15 Payable to ACRA
All Statutory Incorporation Documents, Business Profile, Company's Constitution and First Directors' Resolution
1 Year Free Company Secretarial Services ($340 Per annum From Second Year Onwards)
S$588
Important Information
Understand more on the procedures, information and documents needed
How to incorporate
Option 1
You May Choose To Visit Our Office
Option 2
We do it digitally!
(Step 1)
Fill in Incorporation Checklist And Email To
(Step 2)
Finalize Company Details
(Step 3)
Make Payment to Us
(Step 4)
Fill in Incorporation Documents and Sign Digitally
(Step 5)
Incorporate with ACRA
(Step 6)
Bank Account Opening
Everything Will Be Carried Out Online After We Received The Payment Through Bank Transfer, Paynow Or Paylah!. This Save You The Hassle of Coming Down To Our Office. Documents, Signatures And Filings Are Done Online. We Require A Quick Video Call For KYC Purposes
Important
Minimum One Local Director (Singapore Citizen, Singapore Permanent Resident or Employment Passholder)
Minimum One Shareholder (Individual or Corporate) And Maximum Fifty Shareholders
Can be 100% Owned By Foreigner
Minimum Paid Up Capital is $1
Requires One Company Secretary
No Physical Office Required, Only A Registered Address In Singapore Is Required
What do i need to prepare
Proposed Company Names (Minimum 1, Up to 3)
Brief Description of Your Business Activity
NRIC For Singaporeans And Permanent Resident
Passport and Proof of Address For All Foreign Directors And Shareholders
For Corporate Shareholders, Business Registration Certificate
Financial Year End (E.g. 31 December)
Registered office address
Share Capital Details
AFTER INCORPORATION
IS COMPLETED
Receive A Certificate of Incorporation from ACRA through email
Receive A Copy of Your Business Profile
Receive A Copy of Your Company's Constitution
Apply for business license if your business requires one accordingly to Singapore legalization
We Will Arrange For Bank Account Opening For You Depending On Which Bank You Prefer
Register for Goods and Services Tax If You Expect An Annual Turnover To Exceed $1 million
PROVIDING YOU SUPPORT FOR ALL YOUR COMPANY
MATTERS, DIGITALLY
FAQ
Q1. What do i need to incorporate a company?
To incorporate a company in Singapore, you will need to complete the following steps:
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Choose a company name: The name you choose must be unique and not already in use by another company in Singapore. We can check the name availability for you.
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Appoint directors: A company in Singapore must have at least one director who is a resident of Singapore (Singapore Citizen/Permanent Resident/Employment Pass Holder).
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Appoint a company secretary: The company secretary must be a natural person and resident in Singapore. The company secretary is a qualified person usually provided by the secretarial firm
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Prepare the Company's Constitution: These documents outline the company's structure, purpose, and regulations.
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Submit the incorporation documents
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Register for taxes: You will need to register your company for Goods and Services Tax (GST) and Corporate Income Tax if your company is required to do so.
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Open a corporate bank account: You will need to open a bank account for your company in order to manage its financial transactions.
It is advisable to seek the assistance of a professional service provider, such as a law firm or accounting firm, to help with the incorporation process.
Q2. What is the minimum paid up capital required for a company?
The minimum paid-up capital for a company in Singapore is S$1. This means that a company can be incorporated with a paid-up capital of just S$1. However, it is important to note that the minimum paid-up capital requirement is different for companies that are seeking certain types of licenses or permits, such as a banking or insurance license. In such cases, the minimum paid-up capital requirement may be significantly higher.
It is also worth noting that while the minimum paid-up capital requirement is S$1, many businesses find it advantageous to have a higher paid-up capital, as it provides them with a stronger financial foundation and increases their credibility with suppliers, customers, and investors.
It is always recommended to seek professional advice from a qualified corporate service provider to ensure that you understand the specific requirements for your business and that you have adequate capital to meet your business needs.
Q3. Do I need a company secretary?
Yes, every company incorporated in Singapore is required to appoint a company secretary within 6 months of incorporation. The company secretary must be a qualified natural person who is a resident of Singapore
The role of the company secretary is to ensure that the company complies with relevant laws and regulations, such as the Companies Act, and to assist the directors in carrying out their duties and responsibilities. The company secretary is also responsible for maintaining accurate records and filing annual returns.
It is important to appoint a competent and knowledgeable company secretary to ensure that the company complies with all relevant laws and regulations and to avoid any potential penalties or fines for non-compliance.
Q4. Why should you choose Online Corporate Services Pte Ltd as your preferred service provider?
We will have a dedicated corporate secretary assigned to you. You may contact your secretary anytime via WhatsApp or email unlike other companies whereby you will be speaking to bots or different customer representative each time you contact them.
