Though options exist, many new companies register with the Accounting & Corporate Regulatory Authority (ACRA) as “private limited companies” due to its scalability. On top of that, shareholders are not liable for debts and losses beyond their share capital.

 

Designated as such, your company is recognized as a separate taxable entity.

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The below information is required for the purpose of Singapore Company Incorporation by ACRA : 

• 3 Proposed Company Names

• Brief Description of 2 Main Business Activities

• Shareholders Particulars such as passport copy, proof of foreign address for foreigners, NRIC copy front and back of Singaporeans / PR

• Directors Particulars such as passport copy, proof of foreign address for foreigners, NRIC copy front and back of Singaporeans / PR

• Registered Address location (whether in VNE or other address except PO Box Address)

• Amount of Paid-up Capital

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Note that officially endorsed translated versions must be provided for any non-English documents. 

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Business processes that follow incorporation

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Additional post-registration activities may include:

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• Licenses and permits - Some business activities require approval or a license from government authorities. Example include: private schools, video companies, travel agencies, liquor distributors, money lenders, banks, financial advisers, childcare centres, and importers, wholesalers and retailers of liquor.

• Registered office hours - You must register your office address and hours (minimum of three hours per weekday).

• Registration number - The Business registration number issued by ACRA must be on all your documents used for officially business communications.

• Customs registration - If your business involves importing or exporting, you must register your company with the Singapore customs.

• Goods and service tax registration - Goods and Service Tax (GST) is a tax on the supply of goods and services in Singapore and on the import of goods into Singapore. You must register for GST if your annual taxable revenue exceeds S$1 million per year.

• Registration with Singapore Central Provident Fund (CPF) - The Central Provident Fund or CPF is a compulsory pension fund scheme in which the employer and Singapore citizen / permanent resident employee contribute a percentage of the monthly salary to the fund.

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