Don’t Miss a Step: Your Complete 3-Minute Guide to Incorporating in Singapore

Singapore is one of the easiest places in the world to start a business — but only if you know what to do. Whether you’re a local entrepreneur or a foreign founder looking to set up your base here, incorporating a company in Singapore is a straightforward process… once you know the steps.

Let’s walk you through exactly how it’s done — in just a few minutes.

Step 1: Choose Your Business Structure

Most entrepreneurs in Singapore go for a Private Limited Company (Pte. Ltd.) because it’s the most credible and flexible structure. It gives your business a separate legal identity, protects your personal assets, and allows you to enjoy Singapore’s attractive tax incentives.

Other options include:

• Sole Proprietorship – for one-person businesses, but offers no liability protection

• Limited Liability Partnership (LLP) – often used by professional firms like law or accounting practices

If you’re serious about growth, go with a Private Limited Company.

Step 2: Get Your Company Name Approved

Your company name must be unique, appropriate, and not too similar to any existing business. You can check name availability and reserve it online via ACRA’s BizFile+ portal. Once approved, the name is reserved for 120 days — so don’t delay the next steps!

Step 3: Prepare the Required Documents

Before incorporation, you’ll need to prepare:

• Company Constitution (formerly known as Memorandum & Articles of Association)

• Shareholder and director details

• Registered office address in Singapore

• Identification documents for all directors and shareholders

If you’re a foreign entrepreneur, you must appoint at least one local director (a Singapore citizen, PR, or EP holder).

Step 4: Register Your Company with ACRA

All registrations are done online via BizFile+.If everything is in order, your company can be incorporated within a day. You’ll then receive your Certificate of Incorporation and Business Profile — official proof that your company is now live!

Step 5: Open a Corporate Bank Account

Once your company is incorporated, the next essential step is opening a corporate bank account with a local or international bank in Singapore. This allows you to receive payments, pay vendors, and keep your business finances separate from personal funds.

Step 6: Stay Compliant

After incorporation, your company must:

• Appoint a Company Secretary within 6 months

• File annual returns and tax filings on time

• Maintain proper accounting records and board resolutions

Missing these can lead to penalties — or even company striking off.

Ready to Incorporate Without the Stress?

Incorporating a company in Singapore is fast — but the details can be overwhelming. At CR Consultancy, we handle everything from company registration to corporate secretarial compliance and ongoing business support.

So you can focus on building your dream business while we take care of the paperwork.

Get Started with CR Consultancy Today!

Disclaimer: This article is for general informational purposes only and does not constitute legal or professional advice. Requirements and regulations may change. For personalized guidance, please consult a qualified professional or contact CR Consultancy for assistance.