Intraconnect Corporate Pte Ltd
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Title: Company registration in Singapore | Incorporate in Singapore with Intracorp
URL Source: https://intracorp.com.sg/
Published Time: 2023-02-24T04:20:30+03:00
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Company registration in Singapore | Incorporate in Singapore with Intracorp
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The simplest way to register a company in Singapore:
- Provide details
- Make a payment
- Receive your company documents within 24 hours
Basic Requirements:
- Minimum 1 shareholder – any nationality
- Minimum 1 director (if your director is a foreigner, we will help you appoint a local nominee director)
- For all directors and shareholders: Copies of ID documents, proof of address, contact details
- Business description
- Company name
Want to learn in details about 3 Basic Requirements for a company registration in Singapore – read this article
Have Questions?
How much will I pay for a Company Registration in Singapore?
Here is your Quick Quote:
Cost Calculator
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| Basic cost: incorporation, company secretary, registered address | $790 |
| --- | --- |
| Do you need a local director? | | |
| Do you need an online bank account? | | |
| Do you need an Employment Pass? | | |
| Total: | $790.00 |
Ready to Register Your Company?
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Embark on Your Entrepreneurial Journey in Singapore
Welcome to Singapore, the pulsating heart of business innovation and entrepreneurship. As a globally recognized nexus for finance and commerce, Singapore offers an unparalleled environment for entrepreneurs and businesses seeking growth and success. At IntraConnect, we understand the unique opportunities and challenges of establishing a business in this dynamic landscape. Our dedicated team, with its deep understanding of Singapore’s business ecosystem, is committed to guiding you through every step of your company’s formation. From navigating regulatory requirements to leveraging the country’s pro-business policies, our expert assistance ensures a smooth and efficient company registration process. With IntraConnect, embark on a seamless journey to transform your business vision into a thriving reality in one of the world’s most business-friendly jurisdictions.
Benefits of Company Registration in Singapore
Global Financial Hub:
“Singapore’s stature as a global financial hub is not just a title; it’s a gateway to myriad opportunities for businesses. Its stable political climate, robust legal system, and forward-looking economic policies create an ideal environment for business growth. Companies here enjoy access to a vast network of international markets, making it a strategic location for global business operations.”
Cost-Efficiency:
“The allure of Singapore also lies in its cost-effective approach to business establishment and maintenance. The process of registering a company is streamlined and affordable, minimizing your initial investment. Annual maintenance requirements are straightforward, devoid of complex bureaucracy, ensuring that businesses can focus on growth rather than administrative hurdles.”
Audit Exemption:
“For small businesses, Singapore offers an added advantage – an exemption from the often burdensome task of auditing financial statements. This policy is designed to ease the operational load on small enterprises, allowing them to allocate resources more efficiently towards business development and expansion.”
Tax Advantages:
“Singapore’s tax regime is another compelling reason for incorporation here. The country offers significant tax breaks and deductions, especially for businesses with local income. For companies with foreign-sourced income, many cases see exemptions, further enhancing the financial attractiveness of doing business in Singapore.”
Relocation Opportunities:
“Establishing a company in Singapore can also be a stepping stone to obtaining residency in the country. This presents a unique opportunity for business owners to not only grow their business within Singapore’s dynamic market but also to enjoy the quality of life and stability that Singapore offers its residents.”
Business-Friendly Environment:
“Singapore’s pro-business environment is characterized by its ease of doing business, transparency, and supportive government policies. These factors collectively make Singapore an irresistible choice for entrepreneurs and investors looking to expand in Asia and beyond.”
The Incorporation Process in Singapore
Choose Company Structure:
Embarking on your business journey in Singapore begins with selecting the right company structure. Options include a Private Limited Company, ideal for foreign business owners due to its limited liability and professional image; partnerships, suitable for collaborative ventures; subsidiary companies, perfect for multinational corporations expanding into Singapore; and branch offices, for those seeking to establish a presence of their foreign company in Singapore. Each structure has its unique advantages and compliance requirements, tailored to different business needs and goals.
Choose Company Name:
Your company name is your brand’s first impression. In Singapore, it must comply with ACRA’s guidelines. It should be unique, not resembling existing names, and reflect your business identity. We assist in the creative process of naming your business, ensuring it aligns with regulatory requirements while capturing the essence of your brand.
Appoint Directors and Shareholders:
Setting up your company’s backbone involves appointing directors and shareholders. Singapore mandates at least one local director – a permanent resident, citizen, or valid work pass holder. This is where IntraConnect’s nominee director services can be invaluable. Additionally, at least one shareholder is required, which can be an individual or a corporate entity, providing flexibility in structuring your company’s ownership.
Prepare Documentation:
Precision in documentation is key to a smooth registration process. This includes outlining business activities, detailing information about shareholders and directors, and establishing a registered address in Singapore. Our team guides you in preparing these documents, ensuring they meet all statutory requirements.
Engage Local Director and Company Secretary:
A local director and company secretary are not just statutory requirements but pillars of your business in Singapore. If you lack local contacts, our services extend to providing a nominee director and a company secretary. These roles are vital in ensuring your company adheres to local laws and corporate practices.
Register Your Company With ACRA:
The culmination of your incorporation process is the registration with ACRA. This critical step, when handled by IntraConnect, is streamlined and efficient. We ensure all details are in order and submit your application through our established channels, paving the way for your business to officially take its place in Singapore’s dynamic market.
Post-Registration Formalities:
Once registered, the journey doesn’t end there. We assist in the post-registration formalities, including bank account setup, business licensing (if required), and guiding you through the initial phases of operation in Singapore. Our comprehensive support ensures you’re not just registered but ready to thrive.
Ongoing Compliance and Support:
IntraConnect’s commitment extends beyond incorporation. We offer ongoing support in ensuring your business stays compliant with Singapore’s regulatory landscape. From annual filings to regulatory updates, our team stands by to ensure your business navigates Singapore’s corporate environment seamlessly.
The Incorporation Process
Choose Company Structure
The only option available for foreign business owners in Singapore is a Private Company Limited by Shares. Others include partnership, subsidiary company, and branch office.
Choose Company Name
The name must be in accordance with ACRA's regulations. For instance, it cannot be similar to existing company names.
Appoint Directors and Shareholders
At least one local director (Singapore permanent resident, citizen, work pass holder) or nominee director.
Prepare Documentation
Including business activities, shareholders' and directors' details, and registered address. A registered address can be provided by your registered filing agent.
Engage Local Director and Company Secretary
A local (nominee) director and a company secretary can be provided by your registration agent if you are unable to fill the roles.
Register Your Company With ACRA
Once all the details are approved, your company can officially be registered with ACRA through your corporate service provider.
Company Registration in Singapore from Abroad
Singapore’s business registration process is renowned for its digital efficiency. The majority of company registrations can be completed online, a testament to Singapore’s commitment to technological advancement and ease of doing business. This digital approach simplifies the process, making it accessible and convenient for entrepreneurs globally.”
Role of Professional Providers:
IntraConnect stands at the forefront as a professional provider, equipped with a Registered Filing Agent (RFA) license. Our expertise is not just in registering your company but in providing a suite of services that cater to the diverse needs of businesses. Our role is integral in navigating the complexities of business registration, ensuring compliance with all regulatory requirements.
Necessary Documentation:
The documentation required for registering a company in Singapore is straightforward yet vital. It includes passport copies of all founders and directors, a document confirming your permanent residence address (like a utility bill or bank statement), contact details, 2-3 options for your company’s name, a brief description of the business with its main activities, and the amount of authorized capital. IntraConnect’s team assists in collating and reviewing these documents to ensure accuracy and compliance.
Efficient Process Timeline:
The registration process with IntraConnect is designed for efficiency. Once we have received all the necessary documents, the registration can be completed in approximately 20 minutes. This rapid process reflects our commitment to providing prompt and effective service, ensuring that your business can start its operations without delay.
Support Beyond Registration:
Our commitment to your business extends beyond the registration process. We provide ongoing support and advice to navigate the post-registration landscape. This includes assistance with additional legal and operational requirements that your business might need to fulfill, ensuring a smooth transition into Singapore’s business environment.
Customized Assistance for Every Business:
Every business is unique, and so are its requirements. We offer customized assistance tailored to the specific needs of your business. Whether it’s understanding the nuances of Singapore’s corporate laws or navigating through the banking and financial landscape, our team is equipped to provide the necessary guidance and support.
Global Reach, Local Expertise:
Our global outlook combined with local expertise makes us the ideal partner for both local and international entrepreneurs. We understand the challenges of entering a new market and are dedicated to making your transition as seamless as possible.
Registering a Singapore Company
In most cases a company in Singapore can be registered entirely online.
For this this reason, the majority of those wishing to register a company in Singapore resort to professional providers. Such services are provided by companies with a Registered Filing Agent (RFA) license, whose main business is precisely the registration and services of companies – such as IntraConnect!
What Documents Are Needed?
- Copy of passport (for all founders and directors)
- Copy of a document confirming your permanent residence address (apartment bill, telephone number or bank statement)
- Contact details
- 2-3 name options for a new company
- Brief description of the business indicating its two main activities
- Amount of authorized capital
The entire registration process takes approximately 20 minutes once all the necessary documents are received by the registrar.
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Why IntraConnect?
IntraConnect is a one-stop destination for company incorporation services in Singapore. We have a friendly and knowledgeable team of Singapore company registration specialists who can advise you on how your business can take advantage of the many pro-business policies, grants, and tax incentives offered. We’ll help you explore how these can benefit your business and help it grow.
We handle the entire process of a company registration in Singapore from start to finish, so you don’t have to worry about anything except running it. You can focus on what’s important: growing your business and making money!
Advantages
Full Package
We provide comprehensive advice on all your incorporation matters and needs
Fast Incorporation
You don't need to be physically present in Singapore. All necessary paperwork is done online
Affordable Pricing
We have developed a pricing strategy that is tailored to meet the needs of every customer
Our Services
Company Incorporation
IntraConnect’s company incorporation service stands as the cornerstone of our offerings. We ensure that your business is registered correctly and efficiently, adhering to all of Singapore’s legal and regulatory requirements. Our approach is not just about completing forms; it’s about understanding your business and ensuring that the incorporation process aligns with your long-term objectives. We assist with every detail, from selecting the right company structure to preparing and filing the necessary documents, making the process straightforward and stress-free.
In-House Accounting
Our in-house accounting services are designed to relieve you of the complexities of financial management. Our team of experienced and qualified accountants offers a comprehensive suite of services, including bookkeeping, payroll management, tax preparation, and financial analysis. We provide customized accounting solutions that align with your business needs, ensuring financial compliance and efficiency. Whether you’re a startup or an established enterprise, our accounting services are tailored to support your business’s financial health and growth.
Bank Account Opening
Opening the right bank account is a crucial step for any business. IntraConnect’s expertise extends to guiding you through this process, helping you choose the account that best suits your business needs. Our team has extensive knowledge of Singapore’s banking industry, banker’s requirements and specifics of account opening processes at traditional banks and online digital banks operating in Singapore.
Apostille and Legalisation
Understanding the legal requirements of different countries is essential for businesses operating internationally. Our apostille and legalisation services ensure that your company documents are recognized and valid worldwide. We guide you through the process of getting your documents legalized quickly and efficiently, addressing the legal intricacies involved and ensuring compliance with international standards.
Additional Business Support Services
Our services extend beyond the basics of company registration in Singapore and financial management. We offer a range of additional support services tailored to your business needs. This includes assistance with business licensing, intellectual property registration, compliance advisory, and more. Our goal is to provide a comprehensive support system for your business, covering all aspects of its operation and growth in Singapore.
Customized Solutions for Every Business Challenge:
“At IntraConnect, we understand that each business faces unique challenges. Our team is committed to providing customized solutions that address these challenges effectively. We work closely with you to understand your business’s specific needs and tailor our services accordingly, ensuring that you receive the most relevant and effective support.”
Commitment to Excellence and Innovation:
“Our commitment to excellence and innovation is evident in every service we provide. We continuously update our offerings to keep pace with the evolving business landscape, ensuring that our clients have access to the latest and most effective business solutions. Our team’s dedication to staying ahead of industry trends means that you can always count on us for forward-thinking advice and support.
What Our Clients Are Saying
Dmitry Filipchyk
CISS GROUP PTE LTD
Our head office in Singapore is very satisfied with the service provided, from company registration in 2016 and subsequent success with Employment Pass to yearly support. Consultations are always very professional, many of them are provided free of charge. Overall, democratic prices. We also receive valuable advice on tax legislation in Singapore and other countries; this is an important factor for companies with branches around the world.
Konstantin Lyuik
WORLD CAVIAR HOUSE PTE LTD
Back in 2013, I decided to move from Moscow to Singapore to run my new business. Because of positive feedback from some friends, my choice fell in favor of IntraConnect. After so many years, I understand that I made the right choice. And the success of my business in Singapore is directly related to this. I have a reliable partner, time has shown that he can be trusted completely, and this is IntraConnect.
Elena Radishevskaya
INTERNATIONAL INCORE LLP (Canada)
We started work with IntraConnect in 2015. They always provided detailed, well-reasoned and clear answers and a practical advice. Despite the opinion that Singapore is often considered an expensive jurisdiction, many pricing positions were not higher, and sometimes even lower than in the so-called “cheap” jurisdictions … We began placing orders and were very pleased with the quality, lead times and general attitude, in which there is human communication, friendliness and flexibility, which is always pleasant and is an integral part of mutual trust and respect. For six years of work we have never regretted cooperation. Colleagues, thank you very much!
Dmitry Leskov
PROLONGLIFE PTE LTD
I have been working with IntraConnect since March 2013. Our cooperation started when I decided to establish my own business in Singapore in the area of medical tourism. I am pleased to share that during the entire process of working on this, I was completely taken care of in terms of all the necessary technicalities, registrations, paperwork and such. Everything was very well planned, all the necessary consultations were provided, and all usual problems and surprises that may occur were avoided. I was able to dedicate all my time to my clients and for this I am very grateful to this company.
Frequently Asked Questions
Can a Foreigner Incorporate a Company in Singapore?
Absolutely! Singapore's inclusive business environment allows anyone over 18, regardless of nationality, to register a company. Foreign entrepreneurs can own 100% of their company's share equity, making Singapore an attractive destination for international business.
How to Register Pte Ltd in Singapore?
Every foreign business owner who would like to register a company in Singapore must engage a qualified local agent. This Registered Filing Agent (RFA) will register the company with ACRA — a government agency that oversees all companies in Singapore. This agency is responsible for ensuring that companies are registered properly and comply with regulations during the business lifetime. Our company, Intracorp, is one of the leading registered filing agents in Singapore.
How Fast a Company Can Be Registered in Singapore?
With the necessary documents in hand, we can typically register your company on the same day. Our streamlined process and expertise in Singapore's online registration procedures make it possible to achieve this remarkable turnaround time.
How Much Does It Cost to Register a Company in Singapore?
Intracorp offers competitive pricing for company registration and related services. Our basic turnkey company registration package in Singapore starts from SGD 790 for local customers and from $2400 for foregners. This package includes the cost of everything you need to start a company in Singapore: government fees, documents preparation, company secretary, registered address, local director (if needed) and other value-added comprehensive solutions for your incorporation needs.
Is It Difficult to Open a Bank Account With a Singapore Bank?
Opening a bank account in Singapore can vary in complexity, especially for foreign-owned companies. Banks assess applications based on several criteria, including the presence of economic ties in Singapore. We provide a free preliminary consultation and assessment to navigate this process efficiently.
How Much Taxes Will My Singapore Company Have to Pay?
Singapore's corporate taxation is based on the territorial principle. Taxes depend on where the income is generated and whether it is remitted to Singapore. Other taxes like GST and withholding tax may also apply. We offer free consultations to help you understand your tax obligations
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- 3 Church Street
#29-68 Samsung Hub, Singapore 049483
* Tel: +65 66378630
* Email: info @ intraconnect . biz
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