Everyday Corporate

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How to incorporate a company in Singapore

Before we begin, if you haven’t been convinced about why you should incorporate your business…  

READ: WHY SHOULD I INCORPORATE MY BUSINESS?

So now that you have decided to go ahead with setting up a company, how do you go about with incorporation in Singapore? How do you get a company registered in Singapore?

We understand that company registration in Singapore can be tricky and confusing so that’s where Everyday Corporate steps in to help.

What you need to start your company: 

1 Shareholder 
$1 Share capital 
1 Resident director 
1 Company Secretary 
An address in Singapore

Let us do the work to incorporate a company in Singapore: 

  1. You provide us with some information about your business 
    Up to 3 company names (in case your preferred name is taken) 
    What your business does 
    Details of your directors & shareholders and share capital with proof of identity 

  2. We advise you on 
    Legal structure (i.e what business entity structure you should incorporate) 
    Business activity code (SSIC code) which stands for Singapore Standard Industrial Classification to classify your business  activity and required by ACRA for incorporation
    Tax implications on Choosing your Financial year end 

  3. We prepare the documents, and all you need to do is just to check & sign them 
    Consent to act as a director 
    Company constitutions
    Incorporation application 

  4. That’s it, we file the paperwork and you get a company!  

Yes, it’s that simple. 

What happens after I incorporate my company?

Here are the documents you will receive from us: 
Company’s constitution 
First Director’s Resolution
First notice of AGM and AGM meeting minutes 
First ordinary resolution 
Form 45: Consent to act as a Director 
Form 45B: Consent to act as a Secretary 
Shareholder(s) certificate(s) 
First business profile (Bizfile) from ACRA 
Registers (CEO, Directors, Members, Secretaries, Registrable Controllers)  

Most importantly, after incorporation, there are administrative requirements that you need to adhere to by Singapore law. According to the Singapore Companies Act, every Singapore company must file certain reports annually to the respective government bodies. These compliance requirements are mandatory and have a specific deadline to be adhered to.  

Annual Financial Year End (FYE) Statement 
You can choose any date to be your financial year end, for example, 30 June.

Annual Returns Filing with ACRA 
3 to 6 months after FYE 

Annual General Meeting (AGM) 
4 to 6 months after FYE 

Estimated Chargeable Income (ECI) 
3 months after FYE

File Annual Tax Returns (Form C-S / C) 
30th Nov after FYE 

Non-compliance may result in late penalties or further enforcement action which might even result in a court appearance if not settled in a timely fashion.  We understand that remembering the deadlines for filing can be difficult when you’re busy running a business.

Our dedicated team of experts are here to remind you of each deadline when it is approaching.

With this, you never have to worry about missing another filing deadline. It is our job to help you navigate these confusing administrative regulations and put your mind at ease.   

(!) Be fully aware that many other firms who might help you incorporate your business, stop at just the incorporation of your company. They do not provide an after service team to remind you of your filing deadlines nor guide you on the processes that are required for annual compliance obligations. 

Reach out to our dedicated team to understand more on how we can help you to incorporate your company. 

Image credit: Computer data photo created by rawpixel.com and Job application photo created by pressfoto by freepik.com