Singapore has become a preferred destination for Indian entrepreneurs looking to start a Singapore small business. Its pro-business environment, low taxes, and strong legal framework make company incorporation straightforward when the correct steps and regulatory requirements are followed.
Understanding the role of company incorporation services in Singapore is also key to ensure compliance from day one.
To register a company in Singapore, entrepreneurs must meet certain conditions:
Age and Background: Must be at least 18 years old with a clean legal and financial record.
Local Director Requirement: At least one director must be a Singapore resident (Citizen, PR, or Employment Pass holder). Non-resident entrepreneurs can appoint a Nominee Director if needed.
Company Secretary: A Singapore-resident company secretary must be appointed within six months of incorporation to handle statutory compliance and maintain company records.
Registered Office: A physical Singapore address is required for official correspondence.
Entrepreneurs must define the company’s ownership and governance structure:
Shareholders: Minimum of one; foreign shareholders can hold 100% of shares.
Share Capital: Decide on the total capital and distribution among shareholders.
Company Constitution: Prepare or adopt a constitution outlining internal rules and governance.
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Key steps to legally register the company:
Company Name Approval: Submit a unique name for approval via ACRA’s BizFile+ portal.
Document Submission: File incorporation documents electronically through BizFile+, including details of directors, shareholders, share capital, and registered address.
Post-incorporation steps for smooth operation:
Regulatory Compliance: Comply with Singapore corporate laws, accounting standards, and tax obligations.
Visa Options: Entrepreneurs intending to relocate may apply for an EntrePass (for innovative startups) or an Employment Pass, depending on eligibility.
By following these steps, Indian entrepreneurs can successfully register a Singapore small business while ensuring compliance with local laws and corporate governance requirements. Appointing a local director and company secretary, maintaining accurate records, and filing the necessary documents with ACRA are essential for smooth operations. Singapore’s transparent and structured incorporation process makes it easier for entrepreneurs to focus on growth and business strategy.
Setting up a company in Singapore can be challenging, but with professional support, it can be simple, Counto’s mission is to support your new business, take away the complexities of compliance, and save you time and money throughout the year. Speak to us directly on our chatbot, email [email protected], or use our  contact form to get started.
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