New business registration in Singapore is the process of setting up a company with the Accounting and Corporate Regulatory Authority (ACRA). It is suitable for Singapore citizens, permanent residents, foreign entrepreneurs and overseas companies that want to establish a business in Singapore.
Registering a company gives your business a formal legal identity. It can also make it easier to open a corporate bank account, sign contracts and build trust with customers. A straightforward new company registration can move quickly when the required documents and company details are ready.
TNPL helps make the registration process clear and simple. From company name checks and document preparation to ACRA submission and post-registration support, TNPL provides professional guidance at each stage of setting up your business.
Company Registration Service (inclusive of standard government fees)
SPECIAL PACKAGE PRICE AT $ 650,
Includes :
- Memorandum and Articles of Association of the Company
- ACRA Company Business Profile
- Notice of Incorporation
- First Director’s Resolutions
- Bank Account Opening Assistance
Package (A) Value Package S$ 750,
Includes :
- 12 months Company Secretary
- 12 months Company Registered Address
- Memorandum and Articles of Association of the Company
- ACRA Company Business Profile
- E-Notice of Incorporation
- First Director’s Resolutions
- Bank Account Opening Assistance
Package (B) Enhanced Package S$ 920,
Includes :
- 18 months AGM Filing
- 18 months Company Secretary
- 18 months Company Registered Address
- Annual Return Filing to ACRA for First Accounting Year
- Memorandum and Articles of Association of the Company
- ACRA Company Business Profile
- E-Notice of Incorporation
- First Director’s Resolutions
- Bank Account Opening Assistance
Eligibility for New Business Registration
New business registration in Singapore is open to local and foreign business owners who meet ACRA requirements. Whether you are a local or foreign entrepreneur, understanding these requirements can help you register a company in Singapore with fewer delays.
- Singapore Citizens: Can register, own and manage a Singapore company.
- Permanent Residents: Can register a company and may act as the resident director.
- Foreign Entrepreneurs: Can own a Singapore company but need at least one resident director.
- Foreign Companies: Can set up a local subsidiary or register a Singapore branch.
Basic Registration Requirements
- At least one shareholder
- At least one resident director
- A registered office address in Singapore
- A company secretary appointed within six months
- Minimum S$1 share capital
Meeting these requirements helps ensure a smoother Singapore company registration.
Company Registration Process
The company registration process in Singapore becomes easier when you know what to prepare at each stage. TNPL can guide you through the process, from choosing a company name to meeting your needs after incorporation.
1. Free Consultation
Start with a consultation to discuss your business plans, proposed company structure and registration needs. TNPL can explain the key requirements and help you understand the next steps.
2. Company Name Check
Your proposed company name must meet ACRA’s rules. TNPL can check the name and help submit it for approval before the incorporation process begins.
3. Document Collection
Next, provide the required details and documents for the company. These may include information about shareholders, directors, business activities and the registered office address.
4. Document Preparation
TNPL prepares and reviews the required incorporation documents. This helps ensure that the information is complete and ready for company incorporation in Singapore and your new company registration.
5. ACRA Submission
Once the documents are ready, the company registration application is submitted to ACRA through BizFile. Complete and accurate details can help avoid unnecessary delays.
6. Company Approval
After ACRA approves the application, the company is officially incorporated. It will receive a Unique Entity Number (UEN) for government and business transactions.
7. Bank Account Assistance
Once incorporated, you can apply for a corporate bank account. TNPL can assist with the process and help you prepare the required company information.
8. Post-Incorporation Support
Registration is only the first step. TNPL can provide ongoing support for company secretarial work, accounting, tax, payroll and other compliance needs as your business operates in Singapore.
Documents Required for New Business Registration in Singapore
Gathering the right papers before starting speeds up the process. Each document must meet ACRA’s specific requirements.
Passport and address proof of directors and shareholders
Every company leader needs a clear copy of their passport. A utility bill or bank statement confirms the residential address.
Company Constitution
This legal document outlines internal rules for the business. Agents provide a standard template that follows Singapore law.
Consent to Act forms
Each director and shareholder signs this document willingly. It proves they agree to hold their positions.
Registered address details
Every company needs a local Singapore address. This address cannot be a P.O. box address.
Other supporting documents
Some businesses need additional licences. The agent checks industry-specific requirements before filing.
Proper preparation makes new business registration in Singapore smooth and efficient. Missing papers cause rejections and delays.
Why Choose TNPL for New Business Registration?
Choosing the right support can make new business registration in Singapore much easier. TNPL provides practical guidance from company setup through to ongoing compliance.
Experienced Corporate Service Provider
TNPL has years of experience helping local and foreign entrepreneurs set up businesses in Singapore. The team understands the registration process and key compliance requirements.
Fast and Smooth Processing
TNPL helps prepare and review your documents before submission. This reduces common errors and can help prevent avoidable delays during registration.
Transparent Pricing
Clear pricing helps you understand the costs involved before getting started. You can choose services based on your company’s needs and budget.
Professional Guidance
From choosing a company structure to preparing documents, TNPL provides professional support throughout the company registration in Singapore.
One-Stop Business Solutions
TNPL offers more than company formation in Singapore. You can also get support for accounting, tax, payroll and company secretarial needs under one roof.
Ongoing Compliance Support
Support continues after your company is registered. TNPL can help with annual filings, accounting, tax and other compliance duties as your business grows.
What Happens After Company Registration?
Once your new company registration in Singapore is complete, there are several steps to get your business ready for operations and keep it compliant in Singapore.
- Open a Corporate Bank Account: Set up a separate bank account to manage company income, expenses and other business transactions.
- Appoint a Company Secretary: A Singapore company must appoint a company secretary within six months of incorporation.
- Set Up Accounting Services: Maintain accurate financial records from the start to make reporting and tax filing easier.
- File the Annual Return: Companies must file an Annual Return with ACRA based on the applicable filing deadline.
- Handle Corporate Tax Filing: Meet your company’s tax filing duties with the Inland Revenue Authority of Singapore (IRAS).
- Register for GST, if Applicable: GST registration may be required if your business meets the applicable registration rules.
- Set Up Payroll: If you hire employees, establish a payroll system to manage salaries and related records.
- Apply for Business Licences: Some business activities require specific licences or permits before operations can begin.
TNPL can support these post-incorporation tasks, helping you manage your company’s ongoing accounting, tax and compliance needs.
Frequently Asked Questions
Choose a business structure, reserve your company name and prepare the required details. Submit your application to ACRA through BizFile. TNPL can assist with documents, registration and post-incorporation requirements.
You generally need identification and address details of shareholders and directors, company name, business activities, registered office details, shareholding information and a company constitution. Foreign applicants may need additional documents for verification.
A straightforward new company registration in Singapore can be completed quickly when all details are correct. However, approval may take longer if ACRA requires additional information or another government agency needs to review the application.
Yes, foreigners can own a Singapore company. However, the company needs at least one director who is ordinarily resident in Singapore. Foreign founders must also engage a registered Corporate Service Provider for registration.
TNPL’s new business registration in Singapore starts at S$650, inclusive of standard government fees. Value and Enhanced packages are also available at S$750 and S$920, with added services such as a company secretary, registered address and Annual Return filing.
Tn Corporate Management is your ideal partner in company incorporation and new business registration