Step-by-Step Guide to Registering a New Company in Singapore: Requirements, Procedures, and Tips

Are you looking to start a new company in Singapore but don't know where to begin? Don't worry, we've got you covered! Here's a step-by-step guide on how to register a new company in Singapore:

Company Name: Choose a name for your company and ensure that it is available for use. You can check the availability of the name through the BizFile+ website or ask a service bureau to do it for you.

Shareholding Structure: Decide on the shareholding structure of your company. Will it be a sole proprietorship, a partnership, or a private limited company? A private limited company is the most common form of business entity in Singapore and offers the most benefits.

Directors and Shareholders: Appoint at least one director and shareholder for your company. A director must be a resident of Singapore, i.e., a Singapore citizen, a permanent resident, or an Employment Pass holder. Shareholders can be individuals or companies.

Registered Address: Provide a local address as the registered address for your company. This address will be used for all official communication and must be a physical address, not a PO Box.

Company Secretary: Appoint a company secretary within six months of incorporation.

Memorandum and Articles of Association: Prepare the Memorandum and Articles of Association (M&AA) for your company. The M&AA outlines the constitution of the company, its objectives, and the regulations governing its operations.

Registration: File an application for registration with the Accounting and Corporate Regulatory Authority (ACRA) through the BizFile+ website. The registration fee is S$315, and the process usually takes one to two days.

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