singbusiness

Step 3: Registration and Incorporation

Foreign individuals and entities are prohibited to self-register their own business, it is a mandatory requirement to hire a professional business registration firm.

All applications for the registration at ACRA ( Accounting & Corporate Regulatory Authority) must be submitted online via BizFile, ACRA's electronic filing and information retrieval system.

On registration of a business you need to provide a local address for your place of business which must be approved for business use by the Urban Redevelopment Authority (URA). While a P.O. Boxes cannot be used as a registered business address you may register a residential flat or property under the Home Office Scheme (HO).

You always need to appoint a local manager to register a Limited Liability Partnerships (LLP). However, you can register a Sole-Proprietors, Partnerships, Limited Partnerships (LP )company if you are "ordinary resident' in Singapore, which means you

  • must have a local address and/or
  • you can legally remain in Singapore for a long period of time.

If this is not the case you must appoint a local manager (above 18 years old), who is one of the following

  • a Singapore Citizen
  • a Singapore Permanent Resident
  • an Employment Pass holder
  • an Approval-in-Principal Employment Pass holder
  • a Dependant Pass holder

For the incorporation of a company there must be at least one shareholder and one director. They can be the same person. At least one director of the company ( above 18 years) must be one of the following:

  • a Singapore Citizen
  • a Singapore Permanent Resident
  • an Employment Pass holder
  • an Approval-in-Principal Employment Pass holder
  • a Dependant Pass holder

The professional business registration company will purchase the Business Profile of the new company online at the same time of registration , when filling up the incorporation forms. Processing time is about 15 minutes from submission of all documents and all information. ACRA will issue a notice of incorporation via electronic mail to the law firm or professional firm engaged for the purposes of incorporation upon the successful incorporation of the company together with the registration number of the company.

If your application has been referred to another authority, it may take between 14 days to two months before you will be informed about the outcome of your application.

Special licenses are also required for the manufacture of goods such as cigars and firecrackers.

Fees For Approval Of Business Name
All types of businesses (non-refundable) S$15
Registration Fees
Sole-proprietorships, Partnerships & Limited Partnerships (LPs) S$ 50
Limited Liability Partnerships (LLPs) S$ 150
Conversion from company or business to LLP S$ 100
Representative Office S$ 200
Company limited by shares S$ 300
Company limited by guarantee S$ 600