Menu
Easily get your company incorporation done in Singapore
Company incorporation does not have to be a complicated process. At Paloe, we have industry experts with over 20 years of experience in Singapore. The incorporation of a new company in Singapore can seem like a painstaking process for entrepreneurs- with a multitude of steps and different criteria that you have to fit.
Paloe offers a quick and easy one-stop company incorporation services in Singapore
We go above and beyond for every client to ensure that the incorporation process is successful and timely without hitches or issues.
No frills, no unnecessary add-ons, Paloe focuses on the exact needs of your business to make sure you get the value you deserve.
We have built up years of professional experience and know-how in business incorporation from working with clients from various different industries and different business structures.
With our incorporation services, you provide us with the necessary information and particulars, we do the rest.
Our expertise allows us to help entrepreneurs seamlessly set up their companies in Singapore, quickly and easily, whilst ensuring compliance with the Singapore Accounting and Corporate Regulatory Authority. We provide company incorporation services for all kinds of businesses and industries.
We are able to carry out the full company incorporation process for you, successfully getting your Singapore company registered. Our incorporation services include the reservation and approval of your company name, preparation of necessary documents and particulars, ACRA matters and more. We also provide office address services and will be able to help you in the opening and closing of your corporate bank account.
We are able to carry out the full company incorporation process for you, successfully getting your Singapore company registered. Our incorporation services include the reservation and approval of your company name, preparation of necessary documents and particulars, ACRA matters and more. We also provide office address services and will be able to help you in the opening and closing of your corporate bank account.
For Singapore company incorporation, it is required for all companies to have at least one resident director in Singapore. Our incorporation services include providing a nominee director whose sole purpose is to fulfill Singapore law and regulatory compliance. We are also able to act as the official corporate secretary for your company, ensuring your compliance with Singapore incorporation regulations as well as performing other secretarial duties.
For Singapore company incorporation, it is required for all companies to have at least one resident director in Singapore. Our incorporation services include providing a nominee director whose sole purpose is to fulfill Singapore law and regulatory compliance. We are also able to act as the official corporate secretary for your company, ensuring your compliance with Singapore incorporation regulations as well as performing other secretarial duties.
Your company is required to submit a copy of its constitution to the Singapore Accounting and Corporate Regulatory Authority when applying for incorporation. This constitution contains all necessary information regarding your business, such as the key characteristics of the company, rules and regulations for its governance and rights and responsibilities of the key personnel. Our Singapore company formation services include the preparation of this legal document on your behalf.
Your company is required to submit a copy of its constitution to the Singapore Accounting and Corporate Regulatory Authority when applying for incorporation. This constitution contains all necessary information regarding your business, such as the key characteristics of the company, rules and regulations for its governance and rights and responsibilities of the key personnel. Our Singapore company formation services include the preparation of this legal document on your behalf.
After company formation, we are able to assist with and prepare the documents necessary related to board resolutions. Companies should have their first board resolution within a month of incorporation. This initial board resolution should settle the appointment of the company directors, as well as the appointment of other company officers, appointment of shareholders and other company matters. Subsequent board resolutions can include the appointment or change of board members, issuance of stock, opening of bank account and other issues impacting the company.
After company formation, we are able to assist with and prepare the documents necessary related to board resolutions. Companies should have their first board resolution within a month of incorporation. This initial board resolution should settle the appointment of the company directors, as well as the appointment of other company officers, appointment of shareholders and other company matters. Subsequent board resolutions can include the appointment or change of board members, issuance of stock, opening of bank account and other issues impacting the company.
All companies in Singapore are required to hold AGMs at least once a year. Companies are also required to file their Annual Return within 30 days of the AGM date. We will assist in the preparation of the necessary financial statements needed to be presented to the shareholders. We will perform the necessary paperwork needed for both AGM and AR, as well as filing them with ACRA.
All companies in Singapore are required to hold AGMs at least once a year. Companies are also required to file their Annual Return within 30 days of the AGM date. We will assist in the preparation of the necessary financial statements needed to be presented to the shareholders. We will perform the necessary paperwork needed for both AGM and AR, as well as filing them with ACRA.
Register your company in Singapore now
We provide advice in the incorporation of your company and help answer your questions. Arrange a free 1-hour consultation with our experts to find out more about our incorporation services.
What are the guidelines in naming for Singapore company incorporation?
There are specific naming guidelines and regulations needed to be followed for a Singapore company registration. A company in Singapore needs to be approved by ACRA before successful registration. For most success with your business formation, ensure that your business name is not identical to an existing business, does not contain obscene or offensive language, and is not prohibited by order of the Minister of Finance.
What are the mandatory key roles that are needed for Singapore company incorporation?
For a Singapore company registration, certain roles need to be filled in the company formation.
A director is a person in charge of the management of a business. The director will make strategic and objective decisions in the best interests of the company. Every company or business in Singapore has to have a minimum of one local director in Singapore. Thereafter, the company is allowed to have any number of non-resident or resident directors. For the incorporation of a Singapore company, there are some basic requirements in appointing a person as a director. The person has to be –
We also provide a nominee director service for incorporation purposes.
A Singapore company has to appoint a corporate secretary within 6 months of its incorporation. The company secretary assists in administrative duties and is responsible for regulatory compliances. The position of secretary can not be left vacant for more than 6 months. The director of the company and the company secretary can not be the same person. A corporate secretary must be:
Our company formation services can include corporate secretary service.
Since 31 March 2017, companies and limited liability partnerships are required to keep a register of registrable controllers. The register can be a physical format or online format. A controller is an individual or legal entity that has either a “significant interest” in the company or a “significant control” over the company.
How many shareholders are required for the incorporation of a business in Singapore?
A Singapore Company must have a minimum of one shareholder. When submitting the application, you are required to provide personal identification details as well as contact information and the residential address of every shareholder.
You also have to indicate the amount of issued capital(of which the minimum is at least $1). There is no minimum paid up.
There are two different types of shares that a company may issue. Ordinary shares and Preference shares.
What are the constitution documents?
The company constitution is a legal document containing information describing the characteristics of a company as well as how it will operate. It is previously known as the Memorandum and the Articles of Association. Singapore company registration has the requirements to be compliant with the Singapore Company Constitution at all times. The constitution contains the rules and regulations for the governance of the company and indicates the rights and responsibilities of its directors, shareholders, as well as the company secretary. A copy of your company’s constitution has to be submitted when applying to incorporate your company. Another copy signed by the shareholders is to be kept at the registered office of the company.
If a company wishes to not create their own constitution, there is an option for them to adopt the model constitution during their application for incorporation. Any change to the constitution involves the passing of a special resolution. The company has to submit a copy of this special resolution and a copy of the altered constitution to ACRA.
What types of business entities can I incorporate in Singapore?
A private limited company is a Limited Liability Company that has a maximum of 50 shareholders. The shareholders can either be individuals or corporate entities. A private company limited by shares can also be filed as an exempted private limited company, with a few differences. An exempted PLC enjoys less compliance requirements, more tax exemptions, and other incentives.
A Private Limited company has less than 50 shareholders and its shares are not available to the public. A PLC is generally one of the most common business entities as it tends to be the most flexible. Benefits include having a separate legal entity and being limited liability – shareholders are not liable for debts and losses beyond their amount of share capital. In a private limited company, it is also simpler and easier to transfer ownership of the company, without disruption of the daily operations. It can be done through the selling and/or issuing of shares between parties.
For a company to be classified as an Exempted private limited company, it has to have no more than 20 shareholders, and the shareholders can not be corporate entities.
Public Limited Companies can have more than 50 shareholders. This structure tends to be subject to more strict rules and regulations as they have the ability to raise capital by offering shares to the public.
A sole proprietorship business has only one owner. From a legal perspective, the owner and the business are the same entity. The owner can earn all profits however the owner has unlimited liability in the case of debt and losses. As such, it is a financially risky business structure.
A partnership is similar structure to the sole proprietorship, however it allows two or more people to establish and co-own a business. From a legal perspective, partners and the business are the same entity. They have shared unlimited liability in the case of debt and losses (exception is in a Limited Liability Partnership, whereby limited partners have limited liability).
Similar to a partnership, however partners in LLPs have limited liability, meaning that partners ill not be held personally liable in the case of debt and losses.
Do I require a Singapore address for a Singapore company registration?
For the incorporation of a Singapore company, you must provide a valid registered office address in Singapore. The registered office address is the place where all communications and notices may be addressed, as well as where the company’s records are kept. The registered address has to be operational and accessible to the public during regular office hours, but does not necessarily have to be where the company conducts its operations and activities. You are not permitted to use a P.O Box as an office address for company incorporation in Singapore.
Paloe also provides an office address service as part of our company incorporation services.
Can I use my residential address as my office address?
If you are a resident in Singapore owning a small-scale business, you may wish to use your own Singapore address as your registered office address for your company registration. The Home Office Scheme allows you to use your residential address as your business address, however you will require to apply for approval beforehand from the relevant Singapore authorities.
HDB Flat owners in Singapore will have to apply for approval from the Housing Development Board before applying for the Home Office Scheme.
Owners of private residential property in Singapore will have to apply for approval from the Urban Redevelopment Authority before applying for the Home Office Scheme
Can I use an alternate address?
For business owners that prefer not to disclose their Singapore residential address for company registration, you are able to provide an alternative address. This address will be displayed in the public records of the Accounting and Corporate Regulatory Authority and must be one where you can be contacted. It must also be within the same jurisdiction as the residential address. You will still need to submit your residential address to ACRA for their records.
Can foreign entrepreneurs incorporate a company in Singapore?
Yes, you can! For your company incorporation, business owners will have to engage the services of a registered filing agent in order to submit the online application, and you will need to employ a resident in Singapore that fits the necessary requirements to be director of the company. The director can be a Singapore citizen, Singapore Permanent Resident, or a Singapore Employment Pass holder.
You can opt to reside outside of Singapore after your registered company has been set up. However, if you intend to manage your business from within Singapore, you will need to seek approval from the Ministry of Manpower.
You can also seek Nominee Director services for the incorporation of your company. The nominee director is a local director that will hold a strictly non-executive role, for the sole purpose of fulfilling law and regulatory compliance in Singapore. Nominee directors do not take part in the operations of the businesses.
