Singapore Company Incorporation for Foreigners
Today's Business world demands quality professional services that are provided in a timely and cost effective manner. We act as an independent services provider and do not have any conflict of interest within its services and can work with any advisor or bank of its client's choice. Let our experienced incorporation specialists guide you through the process, from company name selection to director appointment, ensuring legal compliance and recognition for your business.
Requirements for foreigners to start a company in Singapore
- At least one Local Director: ACRA mandates that all companies in Singapore should have at least one local resident director, either a Singaporean Citizen/PR/Entrepass Holder. CorpCA offers a Nominee Director service, fulfilling this requirement for foreign businesses registering in Singapore. The term “Nominee” denotes a non-executive role designed solely for regulatory compliance. Nominees don’t engage in operational aspects such as opening bank accounts, attending board meetings, or voting, ensuring a seamless adherence to statutory guidelines without involving them in day-to-day business operations.
- Local Company Secretary: It is a requirement for all Singaporean incorporated companies to appoint a company secretary within 6 months of their date of company registration. It is highly recommended to appoint a company Secretary at the time of company registration as they help to prepare you to prepare the company documentation such as Share Certificates and First Board Resolution that you would otherwise not receive. It is important to note that a company secretary cannot also be the sole director or shareholder of the company.
- Locally registered business address in Singapore: Upon company registration, each company in Singapore is required to have a local registered office address. CorpCA offers an address in Singapore’s central business district. Additionally, our services include a digital mailroom, where mail is scanned and uploaded for your convenience, and a cloud-based document management system, ensuring centralized, secure, and accessible mail management anytime, anywhere.
- Business Account to start trading: Securing a business account for entrepreneurs outside Singapore can be complex and time-consuming. CorpCA offers a complimentary* business account to all companies registered with or transferred to CorpCA. Our CorpCA Business Account is licensed by the Monetary Authority of Singapore, with no deposit or minimum balance requirements. The account opening process is entirely remote, streamlining the experience for non-Singapore based entrepreneurs.
- Visas to move to Singapore CorpCA will help manage the end-to-end application for your Employment Pass, or Letter of Consent and other work passes as you or your family may require to move to or work in Singapore. CorpCA is a registered Employment Agency (Licence #17S8937) under The Ministry of Manpower and has an industry beating approval rate of >97%.
How it Works
Our CorpCA expert executives will intelligently coordinate all these steps between you and our team online from start to finish.
Once you have decided to proceed with us, we will create an account for you in our CSP system, configure it for the services you require, and assign the service request to you for making payment arrangements. You can make payment with a credit card or a bank transfer.
Simultaneously, you will provide details of the company structure you desire and upload the supporting documents. Our team will review this information and conduct the KYC due diligence as required by law. If we need clarifications, our team will coordinate it with you through CSP.
After the company structure is finalized, our team will apply with ACRA for formal approval of the company name that you desire.
Upon approval of the company name, our team will prepare incorporation documents for your signatures. You will sign these documents electronically. We have eliminated the need for cumbersome manual signing, notarization, and mailing of paperwork.
Our team will register your company with Accounting and Corporate Regulatory Authority (ACRA) of Singapore after they have obtained your signatures on the incorporation documents.
Upon the registration of your company, our team will obtain an electronic certificate of incorporation and the company's business profile from ACRA. These documents serve as formal proof of incorporation.
Once your company has been incorporated, the CSP system will coordinate all post-incorporation tasks (bank account opening, share certificate issuance, statutory file management, and others as applicable) between you and our team.
