grow without worry
THE STARTUP ZONE
Expand your horizon globally; let’s explore Singapore! Emerging Startup Hub of World
Why to Incorporate in
For many years now, Singapore has been a leading country of choice when it comes to doing business internationally. Factors like the abundance of skilled resources, efficient and open economy, and stringent intellectual property rights protection make doing business in Singapore so coveted. In fact, in 2016, for the tenth consecutive year, Singapore was ranked as the best country for doing business.
If you are considering the expansion of your business into international markets, Singapore might be the perfect destination for you. Find out more about what makes Singapore so attractive in the remainder of this article.
We at, The Startup Zone partner with Startups, Business Owners and Innovators, help focus on your goals by assisting you right from the Incorporation of the Business, Investment Advisory Services and much more. We are a service provider and facilitator of Legal, Chartered Accountancy and Company Secretary Work.
Take your business to the next level
Since 2015, we have assisted thousands of entrepreneurs through the life cycle of a business, from incorporation to closure. Our fundamental desire to ensure customer satisfaction stems from having set up and run multiple businesses and the pain points that come along with such journeys.
Should you need assistance with how to register your business, how to ensure secretarial compliance, how to maintain books and accounts, or how to go about structuring your investments, look no further than our dedicated team of professionals.
Top reasons why doing business in Singapore is beneficial
As mentioned, there are several factors that contribute to the ease of carrying out business in Singapore.
Our Esteemed Clients
Some of our Esteemed Clients and What They Say
"The biggest problem we faced as a company was guidance. We only had a dream to start a design business and organically grow it. Completely unaware of how the compliance works, we have been looted and misguided and kept in dark several years causing us to pay a huge amount of fine for hardly any mistake of ours. After 3 years of mess, we decided to speak to the startup zone. It's been 4 years since working with the startup zone. What we experienced as a company is equal loyalty, honesty, and completely ethical. We have previously had experience (prior to the startup zone) of misguiding so that the compliance company makes revenue at various Intervals. But the startup zone guided us through every step, helped us solve our issues, put us through the right people and today all of them are part of our growth story. They are prompt, they don't make us loose any money, and now they take care of all our compliances. I would recommend the startup zone to anyone who wants to start a business, so that you can focus on your idea and business."
"Very professional team. Fantastic at the clarity of what needs to be done, when, how, and the status of things. That comfort and peace of mind is valuable for a startup. I have been working with the Bangalore team (Abhishek, Pavithra & Sharath) for the last six months for all my registrations, compliances and licenses etc and it has been without exception a smooth experience. At times, they have gone beyond their call of duty to help and I much appreciate that. Continue the good work, team!"
"Speed and responsibility, are the only things startups look for from vendors. Sharath and team have been phenomenal in delivering every aspect of secretorial and compliance related services at amazing speed. They’re highly reliable and take ownership in delivering, which has helped me focus on everything else - business. If you’re a startup and want to build a startup without having to worry about compliance then these guys are your best bet. They’re very competitively priced and are experts of their field. I highly recommend them if you’re starting up or have started and need a reliable partner to help free your mind up for what really you should be building. Special mention NIKHIL (lawyer) who has been super fast and available at any time and day. Thanks guys"
World-Class Business Services
Our greatest strength is our ability to understand the strategic needs of our clients.
Frequently Asked Questions
Our services are a very easy and straightforward process through-out.
Along with being one of the world’s top financial centers with wide availability of funding and assistance schemes for start-ups or established companies, the city-state of Singapore is also known for its ease of doing business and pro-business regulatory environment, along with a very attractive corporate tax framework.
Singapore also has comprehensive trade agreements with over 100 regions of the world, excellent connectivity, strategic geographical location, proximity to world’s largest emerging markets including India and China, and robust IP protection.
Most definitely yes. We can assist you in completing your Singapore company registration and other formalities in just under a few hours.
Apart from the huge tax advantage, and benefits of over 100 comprehensive trade agreements, one of the major advantages of incorporating a private limited company is that it is a separate legal entity and is limited by shares. As a result, shareholders of a Singapore company are not liable for its debts and losses beyond their amount of share capital.
There are five different structures to choose from – Sole-Proprietorship, Partnership, Limited Partnership, and Limited Liability Partnership (LLP), and the most common and flexible business entity – the Private Limited Company. Do note that all companies in Singapore must be registered and abide by the country’s Companies Act.
- at least one shareholder which may be an individual or a corporate entity
- one resident director (either a Singapore citizen, permanent resident, Employment Pass holder or a Dependant Pass holder)
- one resident company secretary
- initial paid-up share capital of at least S$1, or equivalent in any currency
- a physical Singapore office address, and cannot be a PO Box
For a private company in Singapore, maximum number of shareholders is limited to 50. Importantly, the memorandum and articles of association (MAA) of a Singapore company puts restriction on its members to transfer their shares in the company.
Copy of passport, proof of residential address and bank reference letter for every non-resident shareholder and director; whereas for each resident shareholder/director, documents needed are a copy of Singapore ID, and copy of passport for foreign individuals.
Meanwhile, if the shareholder is a corporate entity, documents needed are copy of the parent company’s certificate of incorporation, and copy of official documents reflecting the registered address and directors of the parent company.
An important consideration while choosing a company name is to first check whether the chosen company name matches an available domain name. You can either go for .sg, .com, .org or any other domain extensions, and it will depend on your target market region. Another consideration is to check on ACRA’s online registration portal BizFile+ if the intended company name is available. If yes, you have to get it approved by ACRA. Do note that this process of name selection is critical and must be done diligently as it is critical for brand-building – including your business activities within the company name itself can be beneficial.
In Singapore, a company can be registered with a minimum paid up capital of S$1 (or its equivalent in any currency
Yes, every Singapore company must have at least one director who is “ordinarily” resident in Singapore, which means either a Singapore citizen, a Singapore permanent resident, an employment pass/entrepreneur pass holder, or a dependant’s pass with a residential address in Singapore.
Importantly, a company director and shareholder can be the same or different person in Singapore
For those who wish to set up a Singapore company but cannot relocate to Singapore, we provide the services of a resident nominee director on a long-term or temporary basis. This can help you in fulfilling the Singapore companies’ statutory requirement of a resident director.
Easy answer is, just under a day. As part of our Singapore company incorporation services, we can get your company registered with the Accounting Corporate Regulatory Authority within one day.
No, it’s not needed. All signing of documentation can be done via email or fax, whatever you prefer.
Depends. As some – though not all – banks may require you to be present for the corporate bank account opening process.
We will email you the electronic copies of all relevant documents as soon as the company is incorporated. All originals will be posted to you within one day.
Yes, paid-up capital of a Singapore company can be increased at any stage after incorporation.