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  2. Incorporation

Company Incorporation Services in Singapore

Osome handles your company incorporation from start to finish. Our experts guide you through each step with complete transparency to build a solid foundation for your business. Purchasing your company name, processing all of your legal documents, and setting up your business bank account is one easy process with Osome.

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4,4
293 reviews

Check company name

Use our company name checker to ensure the business name you want to register in Singapore is available. It’s good to explore different options and make your company name as unique as possible, so your name registration will be approved by ACRA quickly.

Why choose Osome for your company incorporation?

We handle the entire process to ensure your business meets all of ACRA’s legal requirements from the very beginning. Osome acts as a legal representative for your company. We liaise directly with the Accounting and Corporate Regulatory Authority (ACRA) so you don’t have to.

  1. Start trading quickly

    Start trading quickly

    Consolidate the incorporation process by using a professional who understands the legal obligations of your new company.

  2. Supportive experts

    Supportive experts

    Talk to an expert anytime via chat or phone. They will give you insight on anything that is unclear throughout the registration process.

  3. Setup business banking

    Setup business banking

    With Osome incorporation, your first year of business banking is included, so your business is entirely compliant and ready to trade.

  4. Register from anywhere

    Register from anywhere

    Our software automates the incorporation process for you, so you won’t need to complete any of the paperwork yourself.

Things you need to know before opening a company in Singapore

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What kind of company should I open?

Our clients opt for private limited companies — they meet most entrepreneurs’ needs and the procedure is fast.

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Do I have to fly in to Singapore to open a company?

There’s no need to be present in Singapore to start a business here. We can register your company and help you open a business bank account remotely to save you time and money throughout the process. We incorporate new companies for both Singapore citizens and foreigners, acting as an agent for your business when you need to communicate with government bodies.

Entrepreneurs who are not based in Singapore must use a registered agent to manage their company incorporation, in order for ACRA to approve the new business, and to ensure you stay complaint with the Singapore Companies Act.

Singapore company formation depends on whether you’re local or not

For foreigners there’s a legal requirement to hire a local director, so there is a slight cost increase for company incorporation. The company formation process for locals is more straightforward. We help both locals and foreigners with the whole company formation process.

Company formation for Singaporeans & PRs

We can get your company up and running in 30 minutes

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Company formation for foreigners

Packages with Nominee Director and Employment Pass

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Choose the type of company you want to incorporate

When you incorporate, you need to choose which type of business you want to be. There are five main types:

Private Limited Company (Pte Ltd)

A Private Limited Company (limited by shares) is a legal entity separate from its shareholders and directors.

Pros of a Pte Ltd Company

  • Shareholders of a Private Limited Company are not liable for any company debt beyond their share capital
  • Shareholding can be either local or foreign
  • The company can own property in its own name

Cons of a Pte Ltd Company

  • The Singapore Companies Act allows a maximum of 50 shareholders for every Private Limited Company
  • Shares are not made available to the public
Choose the company type you want to register

How to incorporate a company in Singapore in easy steps

step 1 We check in via MyInfo

If you have a MyInfo account, we simply login to your profile to apply for the company incorporation. We’re integrated with MyInfo and will automatically access all the documents needed to file for incorporation on your behalf. If that doesn’t work for you, simply send us a copy of your passport or IC and these details:

Details we need to register your company:

  • Shareholders’ details
  • Directors’ details
  • Your registered address

step 2 We book your company name

Singapore government charges a S$15 fee for checking and reserving the name for your future company. You wont have to pay this because we’ve already got it covered. We’ll also help choose a name that doesn’t stall the incorporation process: nothing that mirrors a name that already exists or uses words such as ‘bank’ or ‘school’ that would require you to go through extra approvals.

step 3 We get your company registered

We prepare all the documents for you and send them to ACRA so you can have your company registered in minutes.We gather all your information and fill in all the applications needed, ready for you to sign electronically. Once the company has been incorporated, we upload your documents and Bizfile+ into your Osome account.

Here are the key documents we prepare:

  • Company constitution
  • Consent to act as a director
  • Incorporation application

step 4 We open your business account

You will need a business account to process your payments and invoices, and we can help you get one. We partner with OCBC Bank, but you can choose one of the other business account providers we work with. Either way, we introduce you to our partners’ network and help with the KYC documents. As with all bank accounts, approval is dependent on your unique application, the type of business account, and the bank you choose.

Download your free Pre‑Incorporation checklist

We've put together all of the documents and details you need to figure out before you open a company

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Requirements and costs

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Singapore company formation requirements

Singapore businesses are taxed on company profits, not on dividends issued to shareholders. The low tax rates are just one of the corporate incentives that make Singapore one of the world’s most business-friendly cities.

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What does the incorporation cost depend on?

To register a company in Singapore, you need to pay government fees of S$315 for name-checking and application. Singaporeans can apply themselves, and foreigners should hire a certified agency to apply on their behalf.

Both foreigners and locals need a Corporate Secretary who reports to the government. There’s a legal requirement for foreigners to hire local directors and have a registered Singapore address. Foreigners who want to relocate need a visa to work and stay in Singapore.

Simple and fast registration

Our prices are fixed in Singapore Dollars. We use MAS rates to convert them to USD and Euro. The exact price you pay in $ or € depends on the rate and fees your bank applies.

  • For locals

    • Incorporation application
    • Purchase of a company name
    • ACRA business profile
    • Company constitution
    • S$315 government fees included
    from

    S$350

    All plans
  • For foreigners

    • Full Incorporation package
    • Free business bank account
    • All compliance filings for 1 year
    • Unlimited corporate secretary
    • Local nominee director
    • Local registered address
    • Add accounting, bookkeeping, and tax filings easily
    from

    S$2,550

    All plans

How much company incorporation in Singapore costs

The cost to incorporate a company depends on whether you’re local or not. For foreigners, there’s a legal requirement to hire local directors, so the company incorporation costs more. The incorporation process for locals is more straightforward.

Compare 3 packages

Incorporation onlyS$350

Incorporation + SecretaryS$600

Full ComplianceS$1,100

Incorporation essentials

Everything your new business needs to legally trade in Singapore. Osome will handle every single step required to get your company registered smoothly, and then setup your ACRA business profile so you receive all of your official incorporation documents without having to pay anything extra.

Incorporation application
Purchase of company name
ACRA business profile
Company constitution
S$315 government fees included
Corporate Secretary

Our Corporate Secretary services ensure your business is complaint with Singapore law, filing your annual returns on time and updating ACRA on the business. All companies in Singapore must have a local secretary.

Corprate Secretary routine Annual filing
S$60 Annual Filing government fee included
AGM preparation
Unlimited changes in company name, officers, address, business activity, etc
Accounting, Tax, Bookkeeping

Our automated bookkeeping makes it easier to keep a track of your income and expenditure. Integrate your bank feeds, sales platforms and invoicing system on the app, monitor your bookkeeping with a few clicks. Making it easier for you and your accountant to have a clearer understanding of your business performance. Ask your accountant a question anytime via in-app chat.

Review by Chartered Accountant
Annual management report
Annual bookkeeping
Government & tax filings

Start your company today

Get your limited company registered, bank account open, and compliance sorted for the year ahead with Osome

Choose package

Additional services you might need

CorpPass RegistrationS$100

Use your CorpPass to report to and interact with the IRAS (Inland Revenue Authority of Singapore), ACRA (Accounting and Corporate Regulatory Authority), and Singapore customs. Whether you are a local or foreigner with a Singapore business, we set up your CorpPass Account quickly without registering for extra documents like a SingPass ID.

Multicurrency accountingS$200/y

We take the hassle out of reconciling multiple currencies in your bookkeeping. Osome Accounting automatically converts the currencies of your international business transactions into whichever currency you choose, so you always have a clear picture of your sales and cash flow data.

Letter of Consent (LOC)S$300

A Letter of Consent allows business owners living in another country to work in Singapore. The LOC is issued by the Singapore Ministry of Manpower (MOM) and can only be requested by your employer or a MoM service provider. We complete and submit your LOC application to increase your chances of being approved straight away. This service is ideal for Dependent Pass holders who are a company director, sole proprietor or partner of an ACRA-registered business.

Employment Pass (EP)S$950

This type of work visa is for foreign-based professionals looking to work and live in Singapore. If you want to work for your own company, the business must be incorporated for 6 months before you are eligible to apply for an Employment Pass. For your application to be approved, candidates must also hold suitable skills or qualifications for your business and be vaccinated against Covid-19. We'll gather all of the information you need and manage each stage of the process with MOM for you.

Dependant’s Pass (DP)S$550

A Dependent's Pass is a Singapore visa for an Employment Pass holder's spouse or children (under 21). A DP holder can live and work in Singapore. However, the validity of the Dependent's Pass is based on the status of the Employment Pass holder.

EP or DP renewalS$550

Your renewal application must reach MOM at least two months before the Pass expires. To ensure the process is completed as quickly as possible, we renew your Employment Pass or Dependent Pass with the Ministry of Manpower so you can continue using your Singapore visa without interruptions.

Get your answers from our experts

Go to a live chat with one of our agents and get the answers straight away

Get your answers from our experts

Download our app to get an easy 24/7 access to the chat and all the reports

Download our app to get an easy 24/7 access to the chat and all the reports

Documents for incorporation

  1. Company Constitution

    The Company Constitution is a legal document encompassing the Memorandum of Association and the Articles of Association. These provide an overview of the company structure, shareholder agreements, and how the company will be governed in line with the Singapore Companies Act regulations.

    The Constitution must be prepared and submitted to ACRA when you are registering your company to outline:

    • Business activities and how its operations will be carried out
    • Total amount of share capital and number of issued shares
    • Liabilities of the members of the company
    • Rules and regulations on corporate governance

    New businesses can adopt the standard Singapore company constitution template provided by ACRA, or you can use the help of an accounting service to set up a tailored Company Constitution when you incorporate your business.

    Company Constitution
  2. Certificate of Incorporation

    This is official proof of company registration in Singapore. The Certificate of Incorporation contains your company’s Unique Entity Number (UEN) and details of your company’s corporate structure.

    You’ll need your certificate of incorporation to:

    • Show your company’s legal status
    • Sign formal business agreements
    • Apply for business funding
    • Sell the company to third parties
    Certificate of Incorporation
  3. Company Business Profile (BizProfile)

    Your BizProfile is used to verify all of the details of your company. With Osome, your BizProfile is included in your company registration package. If you need to apply for a Business Profile directly, use ACRA's BizFile portal.

    Here you can upload, store, and search for data on yours or any other company in Singapore:

    • Business directory and UEN search
    • Submit changes in your business
    • Annual filing

    Check out our blog post on how BizFile works.

    Company Business Profile (BizProfile)

Tasks and Tips

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Post-Incorporation Tasks

After successfully registering your business, you will be required to hold the first Board meeting. The first Board Resolution will be documented as a result of setting up the structure of the business, assigning company shares and share certificates.

Following your company incorporation, you may need to apply for a licence or permit before starting to trade in Singapore. Visit the GoBusiness Singapore website to check if this applies to you.

Your business may also be liable for income and corporate tax, as well as Goods and Services Tax (GST). If the taxable turnover at the end of any calendar year is more than $1 million, your business must register for GST. Osome will get your business registered to pay the right taxes with the Inland Revenue Authority of Singapore (IRAS), so you won't have to do any of the paperwork yourself.

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Tips for staying compliant

Once you’ve got everything together, share the documents with Companies House. This is done online through the government website. It can be done via post, too (but registration will take much longer). Once your information is submitted and approved, you are good to go!

Directors are responsible for maintaining accurate accounting records. Instructing a professional accounting service is always best to make sure your business is compliant. Your accountant needs to be a qualified professional with the Singapore Accounting Standards Council knowledge.

All companies in Singapore are required to hold an Annual General Meeting (AGM) to give owners of the company a chance to ask questions about the business. In an AGM, the directors must provide a report of the company’s financial position and performance.

Your company will be required to file annual returns to ensure that the company’s information on ACRA’s register is up to date. You could face a penalty for failing to file your annual return on time.

Within the first three months of incorporation you will also need to appoint a professional, independent auditing service unless your business is exempt.

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Join Osome Anywhere

You can find members of the Osome community in the countries below, get in touch to learn more about how we help you set up a company in Singapore from wherever you are.

  • Join Osome in India

    India

    We support entrepreneurs to start a business in Singapore, from India. We take care of all of the government requirements including the Company Secretary function, providing your registered address and arranging all of your legal documents. The process is done completely online with all of your documents stored centrally on the Osome app.
  • Join Osome in Malaysia

    Malaysia

    If you want to register a company in Singapore instead of Malaysia, we cover the entire process, including secure ID verification, opening your business bank account with one of our global partners, and setting up an accounting routine tailored to your business. Our experts are available online via chat 24/7, so you can have visibility of your company status at any time.
  • Join Osome in Indonesia

    Indonesia

    We give you the confidence to set up a company in Singapore from Indonesia so you can better grow your business in Singapore online. Our multicurrency accounting gives you a clear picture of your finances in multiple locations, including any taxes. Easily keep track of invoices, transactions and your finance calendar, all in one place using the app.
  • Join Osome in United States

    United States

    Whether you are an American registering a business in Singapore or would like to expand an existing company into the region, we are ready to help you. We prepare all of the legal documents you need to get started: the Company Constitution, Consent to Act as Director as well as the Incorporation Application, and submit these documents to the government for approval.

Why register your company using Osome?

89%of customers recommend us
11,000+clients worldwide
3,969locals opened companies
2,586foreigners opened companies

It is impressive how fast and responsive they are! I feel very happy about my decision to go with Osome.

Randeep Sudan

Randeep Sudan Multivertz Ltd.

Osome made registering my company really easy. They have been extremely proactive, talking me through the whole process of starting my company.

Harriette Foulkes-Arnold

Harriette Foulkes-Arnold We are Contented Ltd.

I was sceptical about remote service seated at my home in Sri Lanka. Rena swiftly took me through the process seamlessly and WALLAH! My Singapore company is set up!

Ahamed Efthikar Abdul Vahid

Ahamed Efthikar Abdul Vahid TrustCorp Advisory Pte. Ltd.

I like that I can just post my questions to chat any time of the day, quite unlike having to remember to call within business hours only. For a startup owner working irregular hours, this helps.

Lim Sze-Szan Fiona

Lim Sze-Szan Fiona BodyOwn Pte. Ltd.

I really like your app's user experience. Really seamless!

Phooi Song Kai, Kenneth

Phooi Song Kai, Kenneth Google Ventures Pte. Ltd.

I didn’t have to go anywhere to work with Osome, I just used the web and mobile app to sign the docs.

Ivan Zeljkovic

Ivan Zeljkovic Evans Media Pte. Ltd.

I incorporated my own two companies with Osome and now manage them via the platform. I've been very satisfied and recommend Osome to all my friends.

Vlad Shchelkunov

Vlad Shchelkunov BTTR holdings Pte. Ltd.

The staff always answer, and they deal with all the admin on my behalf. So I can simply use my income and not worry about legal and administrative filings.

Pawel Wargan

Pawel Wargan freelancer

FAQ

  • How do I incorporate my business in Singapore?

    Step 1: Get your company name approved

    The first step to registering a company in Singapore is to reserve your company name via ACRA's online business filing portal, Bizfile+. Check your company name is available before you do this by using the business entity search tab on the ACRA website. To avoid any disputes in the future, your company name cannot be identical to an existing name or trademark.

    When you submit a name application, you will need to specify your business activities by selecting the most relevant Singapore Standard Industrial Classification (SSIC) code.

    Once your application is approved, you must complete your company incorporation within 120 days. If not, you will have to start the process from the beginning and pay the S$15 company name registration fee again.

    Step 2: Prepare your documents

    • Company Constitution. You can adapt the standard Singapore company constitution that ACRA recommends. This document outlines your Memorandum of Association and your Articles of Association to determine the structure of your company, shareholder agreements and how your business will be governed.
    • Consent from each company director
    • Consent from the company secretary
    • Declaration of the company's controllers

    Step 3: Submit application to ACRA and pay the S$300 fee

    Take note of the following before submitting your company incorporation:

    • For Singapore residents. When you have all the required documents, log in to Bizfile+ using your Singpass to submit your application.

      Under the eServices menu, navigate to "Local Company" followed by "Start a New Local Company". Click on "Application for New Company Name" and complete the form. You will need to provide the transaction number of your approved name application to proceed with incorporating a local company.

      Once your incorporation application has been approved, BizFile+ will email the appointed officers (e.g. directors, shareholders and company secretary). All appointed officers must endorse their appointments in BizFile+ within 60 days from the date of the email to complete your company registration.

    • For non-residents. Foreigners without a Singpass will need to use a registered filing agent to submit the company name and incorporation applications on their behalf. To ensure your business meets legal requirements, Osome's company incorporation and accounting include your nominee director, company secretary and registered Singapore address in one package.

  • What documents do I need to prepare?

    We'll ask you for this information:

    • Company name
    • Directors' particulars
    • Shareholders' particulars

    We'll provide the following:

    • Corporate Secretary particulars
    • Nominee Director particulars (if required)
    • Local address (if required)
    • Company Constitution
  • How do I check if a company is incorporated in Singapore?

    You can search ACRA’s database to verify a company's registration. Type the company's name into the database using the business entity search tab on the ACRA website. If the company doesn’t appear on ACRA's database, they are not legally operating. Remember to double-check the spelling of the business name when you are searching.

  • How can I get my company name approved?

    Before operating a business in Singapore, you need to register your company with ACRA. The first thing you need to do is choose a company name and submit your application through Bizfile+. The name cannot be the same as the name of existing companies. You can check this on BizFile+ portal too. The fee to register a business name is $15.

    After your company name has been approved by ACRA, it will be reserved for 120 days. You will need to register your business or incorporate your company within this time, otherwise, the name will be released and will be made available for other companies to register.

  • How much share capital do I need?

    The cost to start a company in Singapore is low. The initial capital required is S$1. Later on, you can inject more funds into the business. Just notify the authorities when this happens.

    It's also legal to issue shares without first receiving money from shareholders. Just make sure these amounts are paid in. Or, indeed, simply wait until you have the capital before issuing shares.

  • How many shareholders do I need?

    You must have at least one shareholder to register a Singapore company. The maximum number for a private company is 50. ACRA requires a Memorandum of Association to specify share capital amounts and equity (among other things).

    Memorandums of Association have a general structure. It’s a good idea to strictly adhere to this structure to avoid problems in the future.

  • What does the process look like for Osome users?

    We check that the company name you’ve chosen is available. You send us your IC or passport copy and details on directors and shareholders. We prepare all the necessary documents, send them to you for electronic signature, and submit them to ACRA (a government entity that registers companies). On your end, it’s just a message thread in a secure chat. Once a UEN has been issued, your company is operational.

  • How long does incorporation take?

    Once all the documents are ready, it usually takes us less than an hour to incorporate a company. It mostly depends on when you are comfortable providing all the details and the authorities’ service hours. Our record stands at 38 minutes, and we keep getting better.

  • What is the requirement for auditors?

    In Singapore, the Companies Act requires all businesses to appoint an external auditor within 3 months of their incorporation unless exempted from an audit. The audit exemptions apply to companies that fall under the “Small Company” or “Small Group” category. Audits are carried out on an annual basis.

    A company is considered to be a small company if it meets at least two out of the following three conditions:

    • The total annual revenue of the company does not exceed S$10 million;
    • The total assets of the company for the financial year end do not exceed S$10 million;
    • The number of full-time employees at the end of the financial does not exceed 50.

    A qualified auditor must meet the following requirements:

    • Have a recognised qualification;
    • Have the appropriate audit experience;
    • Have the proper ongoing professional education;
    • Be a member of the Institute of Singapore Chartered Accountants (ISCA).
  • What is the most lucrative business industry in Singapore?

    Companies registered in Singapore benefit from a supportive business environment, the country is a global hub for these top three business industries:

    • Ecommerce. Continuing to grow in popularity, the ecommerce industry provides opportunities to tap into different markets and manage your business from anywhere in the world.
    • Digital Marketing services. Most businesses use digital marketing as a key tool to reach their customers, an easy industry to get into with the right training or experience.
    • IT Support. With technology constantly pushing boundaries, there is an increasing demand for IT infrastructure services related to cloud storage, cybersecurity and data analytics.
  • Why do we need the Unique Entity Number (UEN)?

    A Unique Entity Number (UEN) is an identification number that is generated for your business once the incorporation is complete. All Singapore companies need to use the UEN to report to government agencies.

  • What happens after company incorporation?

    Once your application is accepted, and ACRA has officially incorporated your business, opening a business bank account is the next step. When you set up a corporate bank account, it’s essential to compare and choose a bank that meets your specific needs.

    If, for instance, you are planning to trade overseas or accept foreign currency, your needs will differ from a company planning to only trade in Singapore. If you have an adviser in Singapore, ask them if they can refer you to a bank. Some accountants will work closely with banking partners if they are based online.

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