Singapore Company Incorporation for Locals
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 Singapore Citizens and Residents to start a company in Singapore
- Finalize company structure: In parallel to making payment arrangements, you will be able to provide details of the company structure and upload supporting documents in the system for your proposed company. Our team will review the information you provided and conduct their regulatory KYC due diligence as required by the law. If they need any clarifications, they will coordinate it with you through the system.
- Company name approval: Once the KYC due diligence is complete, our team will apply for company name approval.
- Sign incorporation documents: After the company name has been approved, our team will prepare the necessary incorporation documents for your signatures. You will sign these documents electronically thus eliminating the need for cumbersome manual paperwork signing and notarisation needs.
- Incorporate company: Our team will proceed to register your company with Accounting and Corporate Regulatory Authority (ACRA) of Singapore after they have obtained your signatures on incorporation documents.
- Certificate of incorporation: Upon registration of the company, our team will obtain electronic certificate of incorporation and business profile the company from ACRA.
- Bank account and post-incorporation tasks: Once your company has been incorporated, the CSP system will coordinate all post-incorporation tasks (bank account opening, share certificates, statutory file, and others as applicable) between you and our team.
Required Documents:
- INDIVIDUALS: For each Director, Shareholder and Ultimate Beneficial Owner (UBO) of the proposed company:
- Passport copy
- NRIC copy for Singapore citizens and PRs (or FIN card for Singapore work pass holders)
- Residential address proof (for example, a driver’s license, a recent utility bill, rental agreement, etc.)
- Brief professional background. This can be in the form of a curriculum vitae (CV), resume or link to the person’s LinkedIn profile.
- CORPORATE SHAREHOLDERS: If your company has a corporate shareholder, the following documents will be required for the parent corporate entity:
- Certificate of Registration issued by the Registrar of the jurisdiction where the company is registered
- Company Extract that contains the following information:
- Company’s name, registration number, registered address and primary business activities
- Paid-up Capital of the company
- Particulars of Shareholders and Directors
- Authorised Person Resolution passed by the director(s) of the shareholding company that includes the following:
- Decision of the shareholding company to hold shares in the proposed Singapore Company
- Appointment of an Authorised Person to sign the Singapore Company formation documents on behalf of the shareholding company
- Ownership structure chart or information that identifies the key UBOs of the shareholding company. For each key UBO, we will need the documents as listed under For Individuals above.
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.
