"…the entity being set up in less than 3 hours."
Andrew Lai, Aetna Insurance Brokers
!DIY setup: Prepare documents and file on BizFile+ yourself
Sleek Founder Launch Kit: Filed by an expert, live in 1 to 3 days
!DIY setup: Find and pay one separately within 6 months
Sleek Founder Launch Kit: Appointed from day one, 12 months included
!DIY setup: Draft resolutions and file each change yourself
Sleek Founder Launch Kit: Drafted and filed for you
!DIY setup: Track deadlines and risk late-filing penalties
Sleek Founder Launch Kit: Prepared, held and filed on time
!DIY setup: Apply to a bank separately after incorporation
Sleek Founder Launch Kit: Set up with debit card, + up to S$550 back with Airwallex business account
DIY setup: S$375 + more
S$315 registration + S$60 annual return to ACRA, plus a corporate secretary and your time
Sleek Founder Launch Kit: S$600 all-in
S$375 ACRA fees at cost + S$225 Sleek for everything above, 12 months
No minimum balance. No monthly fees.
WORKFUTR PTE LTD.
AETNA INSURANCE BROKERS PTE. LIMITED
UNEARTH BALANCE PTE. LTD.
⚡ Fastest so far: 43 mins after KYC
Must be unique and approved by ACRA. We check availability and submit it.
An individual or a company, any nationality.
A Singapore citizen, PR or eligible pass holder. No local director? Use our nominee director service.
A real Singapore address, not a PO box. Use your own, or ours with Full Compliance.
Required within 6 months of incorporation. Included in every plan.
From just S$1. You choose the amount, we guide you.
Your company’s rulebook, prepared for you.
Your company goes live ⚡
Great news, your company name is available! Now simply pick a plan below to get started
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To register a Private Limited Company (Pte Ltd), you need at least one shareholder, one locally resident director, a registered office address, and S$1 in share capital. Register through ACRA’s Bizfile portal. The government fee is S$315, and most applications are approved within 1-3 business days. A corporate secretary must be appointed within 6 months.
Incorporating a company in Singapore as a local is a relatively straightforward process. All you need is the following:
You can choose between the following company structures:
Sole Proprietorship
Sole proprietorship essentially means there are no partners in the company. This means the owner can earn all the profits but also bears higher risk if anything happens. Sole proprietorship is not a separate legal entity from the company owner.
Who can apply:
Singapore citizens or permanent residents, Dependant Pass holders with a valid Letter of Consent (LOC), ONE Pass holders.
Partnership
Who can apply:
Singapore citizens or permanent residents, Dependant Pass holders with a valid Letter of Consent (LOC), ONE Pass holders.
Private Limited Company (Pte Ltd) – most popular structure
Private limited companies have: less than 50 shareholders and their shares should not be accessible to the public. A private limited company has the most flexible company structure. It is a separate legal entity from its shareholders and directors. It enjoys limited liability. We recommend the Pte Ltd structure due to its flexibility, legal protection and accessibility to government grants, funding and tax exemptions.
Who can apply:
Singapore citizens or permanent residents, Dependant Pass holders with a valid Letter of Consent (LOC), Employment Pass holders, EntrePass holders, ONE Pass holders, Personalised Employment Pass holders.
Read here for difference between Pte Ltd vs LLP.
A Private Limited Company is the most scalable, advanced and flexible business structure in Singapore.
Advantages:
Disadvantages
Read here on how to set up a private limited company in Singapore.
You would determine the shareholders and their respective ownership percentages by indicating it in your company incorporation documents. If incorporating a subsidiary company in Singapore, the sole shareholder will be the existing local or foreign company. For a new venture, the shareholders will be you and any partners you may have.
You only need $1 paid-up capital for your Singapore company incorporation, in any currency. The share capital can be increased any time after your company incorporation.
To incorporate your Singapore company, you can have 1-50 shareholders. A shareholder can either be an individual or a corporate entity (also sometimes known as a “corporate shareholder”).
A corporate shareholder is a business entity that owns shares in another limited company. The term ‘corporate shareholder’ may refer to another limited company, a limited liability partnership llp or a non-profit organisation or charity.
You can appoint 1 or more directors for your company. Every company needs at least one local resident director (a Singapore Citizen or a Permanent Resident).
If they are Singapore citizens and/or Permanent Residents (PR), they have to be individuals, and at least 18 years old.
If he or she is not a Singapore resident and wishes to fulfil the local resident requirements, the director must have a valid EntrePass or Employment Pass, and have a Letter of Consent (LOC) from Singapore’s Ministry of Manpower (MOM) to act as a Director (if applicable).
It is super easy to check whether or not a company is registered in Singapore. Head to ACRA’s search platform and type in the company name that you would like to check. Right after that, if the company is registered, you will get the company’s information that would include – company name, office address, Unique Entity Number (UEN) and more.
A company name can be reserved via ACRA’s portal. After the name application has been approved, the name will be reserved for 120 days straight. If you do not register the company or incorporate the company within these 120 days, the name will no longer be reserved and will be made available to other members of the public. If you have reserved a company name you can share the reference number with your Corporate Secretary to use at time of incorporation.
Are you an individual starting a company?
Are you an existing company looking to have a Singapore entity?
The application process in Singapore typically takes 1-2 working days, provided all necessary documents are in place.
However, the processing time may be longer if there are any issues or errors with the application or if additional information is required. It’s worth noting that the timeline for the Singapore company incorporation process can also depend on the type of company being incorporated and the specific requirements involved. It might take a company with foreign shareholders or directors longer to incorporate due to additional compliance requirements. It’s recommended to seek professional advice from a company incorporation expert to ensure a smooth and efficient process.
In order to incorporate your company in Singapore, you would need to provide:
Gathering all the right information for your company registration could be the trickiest part, get in touch with Sleek if you need any assistance.