Company Registration in Singapore

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How to Register A Company in Singapore

To start running a business in Singapore, there are several options for Singapore residents, foreign companies and foreign individuals. Each comes with different options. For example, the options available for Singapore residents differ from the options available for foreign companies.

Company Registration Options in Singapore

Company Registration in Singapore for Foreigners and LocalsFor Singapore Residents and Foreign Individuals

The most popular business entity for Singapore residents is Private Limited Company. When choosing this entity, it offers you a major benefit, which is a separate legal identity from its directors and shareholders. The requirements for this entity establishment are rather simple. Entrepreneurs are to prepare a minimum paid-up capital of SGD 1, a resident director, a company secretary, a minimum of 1 shareholder and an office address registered in Singapore.

For a more flexible option, local residents can opt for Limited Liability Partnership, which offers a combination of Private Limited Company and Partnership. To establish this entity, the requirements are 2 partners (minimum), a resident manager and an office address registered in Singapore.

As for foreign individuals, they are allowed to incorporate Private Limited Company (with the same afore-mentioned requirements). Foreign shareholders can establish a company, but will need to employ a local resident director.

For those interested in relocating to Singapore, can apply for an Employment Pass (EP) once their new company is established. The Employment Pass will serve as a temporary residence card as well. With EP, they can become a director. Prior the EP issuance, they can employ a local resident director or nominee resident director.

Alternative is to apply for an Entrepreneur Pass. For the application, foreigners need a good business plan and promise of funding from a qualified institution. With Entrepreneur Pass, foreigners can establish a company and become the director right away. The process is more complicated than establishing a regular company. So, many entrepreneurs prefer to set up a company first and apply for an employment pass later.

Finally, business people who have no intention to relocate to Singapore but want to incorporate a company in Singapore will appreciate the option to engage a non-active Resident Nominee Director for the company.

 

Company Registration Singapore for Foreign CompaniesCompany Registration Singapore – For Foreign Companies

Subsidiary Company may be the best option for foreign companies who would like to expand businesses to Singapore. If a foreign company is not interested in relocating to Singapore, they can choose to establish a Subsidiary Company by appointing a resident director. This way, it can run its business operations from overseas. However, if a foreign company is looking to migrate to Singapore, it can opt for a Subsidiary Company that comes with a relocation package.

Other available options for foreign companies include the establishment of Representative Office and Branch Office. Unlike Subsidiary Company, a Representative Office serves as an administrative office. Thus, commercial activities that generate any profits are not allowed. The requirements for setting up a Representative Office include a minimum of USD 250,000 for sales turnover of the foreign entity and the existence for over 3 years.

Branch Office is similar to Subsidiary Company, it is for foreign companies that want to relocate staff from head office to the branch office in Singapore. Requirements for Branch Office incorporation include 1 corporate shareholder, 1 resident agent and an office address registered in Singapore.

 


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Selected Testimonials

  • Matthias Coessens - Empyrean

    When I was looking for a reliable partner who could help with company registration, payroll, taxes and working permit in Indonesia, Cekindo’s domain knowledge and clear communication astonished. Firstly, we decided to pursue cooperation with Cekindo in terms of company registration, but they also assisted me in obtaining the necessary working permits and visas (KITAS), and we use their payroll and tax reporting services until now.

    Matthias Coessens
    Product Director at Empyrean Solutions Apac
  • Ivana Bartonkova

    Cekindo handled business visa for our new colleague promptly and made the start of our company in Vietnam easier and faster. I particularly enjoyed communication with the consultant, who advised the best solution for us and was all the time available to answer any questions. She made sure that all the documents were collected and prepared on time and we got great support during the whole process. Thank you Cekindo and I hope to cooperate again in the near future!

    Ivana Bartonkova
    Marketing and HR director of Port Cities Vietnam
  • Phyto CZ Sro

    Cekindo assisted us with a selection of our local distributor in Indonesia and organised several meeting in Jakarta. Their assistance enabled us to meet our potential local partners and choose the best distributor conveniently. The decision to cooperate with Cekindo was based on a recommendation from our prominent partner in Bali and we cannot be more grateful. Cekindo’s systematic work, active communication, thoroughness and professionalism was exceptional.

    Ing. Václav Tomek
    Phyto CZ Sro
  • Vivek Singh Rathaur

    Cekindo initially helped us with setting up our business structure in Indonesia and getting us all due licenses and approvals. Currently, Cekindo is associated with us as our business partner in Indonesia by providing a face to our name and handling various business activities on our behalf. Without their help, we would be lost in keeping up with regulatory requirements and being a compliant company in Indonesia.

    Vivek S.Rathaur
    Vega Industries
  • akvo - cekindo

    Thanks to Cekindo and its one-stop market entry solutions, we could start exploring the Indonesian market. Cekindo’s broad portfolio of services included a formal process of our representative office registration, consultations regarding proper legal set-up and even working permit and visa applications. Cekindo’s extensive knowledge of the latest developments and legal requirements allowed us to focus on more operational matters and to build a local team in Indonesia.

    Peter van der Linde
    Co-founder / Director strategy & solutions, Akvo Pte Ltd
  • morning-star-cekindo

    After extensive research online, I reached out to several companies including Cekindo. Cekindo’s info package and summary of services were by far the most thorough and professional and their pricing was competitive and reasonable. Cekindo’s sound knowledge of all administrative requirements gave me the confidence that my company incorporation of 100% foreign owned export company was being executed correctly and legally.

    Kingsley Fiegert
    Director, Morning Star Investments (WA) Pty Ltd
  • Jason Peter Stevens

    With knowledgable team, Cekindo helped me make the whole process of company registration and product registration of health and beauty products in Indonesia less confusing and seamless at the same time. They have always been swift in response and hands-on at every email, never leaving me wondering or worried. As far as I am concerned, they go above and beyond the call of duty. They will most certainly be my long-term partner moving forward into the years to come. Thank you Cekindo!

    Jason Peter Stevens
    Group CEO, Studio XII Pte Ltd
  • Konstantin-Simonov

    We chose Cekindo because we considered Cekindo as a professional company with a good attitude and a streamlined business model. Cekindo met all our expectations as it created the atmosphere of accountability and transparency. The most significant added values that we received from cooperation with Cekindo are the time we saved and mistakes we avoided.

    Konstantin Simonov
    Director, PT. AEKS Konsultasi dan Integrasi
  • DESMI Testimonial - Cekindo

    Cekindo provided outstanding services in registering our representative office in Indonesia in a timely manner. Their financial services have been helping us a lot — our local employees feel secure working for our company. Cekindo became our reliable partner with quick response on our needs. Their flexibility and full support of our business in Indonesia are the main reasons to continue in our cooperation.

    Rajendra Iskandar
    Sales and Support Engineer, DESMI
  • (CFLD), Mr. Max Yang, President, Indonesian Region

    After comparing several consultants, I found Cekindo is a international and professional organization with good understanding of local market. Cekindo helped our company to set up our first Indonesian entity, and also helps with day-to-day operation.  Cekindo showed high level of professionalism. Jump start the business in Indonesia, take care of routine process, therefore we can focus more on our core business.

    Max Yang
    President, Indonesian Region, China Fortune Land Development Co., Ltd.