Starting A Business In Singapore For Foreigners
Congratulations on making the intelligent decision to incorporate in one of the world’s most business-friendly locations. Foreigners looking to start a business in Singapore will be well served by the numerous local organisations dedicated to company formation and incorporation. To help you better understand the process as you work through it yourself or with your incorporation agent, we’ve prepared this short overview of the incorporation process.
A short, streamlined path
The first step is to reserve your company name with the Company Registrar. This name must be identical or substantially similar to any other previously registered name, must not infringe on a registered trademark and must pass an obscenity test.
Second is to file the incorporation request. Depending on whether the company is classed a subsidiary or a branch, a number of different documents must be submitted, including a description of the scope of oyur business, details of the amount of paid up capital and the particulars of the shareholders, and director’s details, amongst others. There will be a registration fee attached, ranging from S$300 to S$1,200 depending on the type of entity registered.
Third is collect your certificate of incorporation and company business profile and to have a company seal made. After this, you are encouraged to establish a corporate bank account and acquire any required business licenses prior to commencing operations.
A simple process when you have the right guide
Gateway2Singapore provides you with the information you need to ensure that your incorporation is completed as quickly and as smoothly as possible. The majority of delays and road bumps occur because of misunderstandings; allow our guide to provide the clarification you need to make informed choices that ensure you can commence business as soon as possible. Download our guide today to learn more.