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Singapore is currently the ultimate country to set up a company for expansion of global business. Because of its strong trade and investment policies, it’s one of the world’s easiest places to do business. For the owners of the company, Company registration is mandatory. Company registration in Singapore is extremely easy and cheap.
As per the law in Singapore, Foreigners or foreign corporate entities are not allowed to self-register a Singapore company. You must hire a competent professional firm for your Company registration in Singapore.
Some are the factors which make Singapore the favourite destination in the world for business owners are mentioned below.
The process of registering a company in Singapore is completely online and involves the following steps.
The Singapore Government must necessarily approve the company name that you choose before you can register it.
Choose a name i.e. Unique, simple, easy to pronounce and does not have any spelling mistakes.
After the Registrar of Companies approves your company name, the process of incorporation is started.
At Professional Utility, we ensure that all documents are complete as per the law. All the directors and shareholders of the company must sign the form. A government fee of S$300 has to be paid upfront to the registrar of companies for their services.
For registering your company in Singapore, we will require the following documents from your end.
Brief Description of Business Activities
Company Secretary Particulars
Memorandum of Association (MOA)
Articles of Association (AOA).
On-Residents (Foreigners) - Copy of passport, overseas residential address proof, and other KYC details such as a bank reference letter, business profile, etc.
Singapore Residents - Copy of Singapore identity card.
Some important details of company you must know at the time of registration :