COMPANY INCORPORATION SERVICES IN SINGAPORE
- having an approved company name and principal activities,
- directors and shareholders
- a registered office
- a company secretary
- possession of a minimum paid-up capital
At PACE, we offer a range of affordable secretarial service packages for company incorporation in Singapore. Our company incorporation services include:
- Preparation of secretarial documents in relation to incorporation of Company
- First director’s resolutions on incorporation of Company
- Form 45 declaration by directors
- Appointment of named secretary
- Preparation of share certificate
- Confirmation of year end
- Name reservation
- Maintaining and updating of the Company’s statutory registers and records
- Filing of statutory returns and other necessary documents with the ACRA
- Advising on matters which require notification to the Accounting and Corporate Regulatory Authority (ACRA) and effect such notification upon being in possession of the relevant facts from you.
- Acting as company secretary and named Company secretary
- Safekeeping of Company’s Constitution
- Consultation of accounts and company compliance
- Monitoring of tax and annual return filing deadlines
- Declaration of controller and nominee registers
1. Why choose PACE Professional?
Incorporating a company in Singapore can be a complex process, with numerous legal and accounting terms, compliance requirements, and documents to prepare. This can be a daunting task for many business owners. However, outsourcing this process to a professional service provider can help free up valuable time for business owners to focus on building and growing their business.
Engaging a professional service provider also has the added benefit of receiving expert advice on incorporation and company secretary matters, which can add significant value to a business. At PACE Professional, we offer a range of affordable service packages to assist with the company formation process and ensure that businesses can get started quickly and efficiently.
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2. To Incorporate a Company, sole proprietorship or partnership?
Forming a company in Singapore is not the same as setting up a sole proprietorship or partnership. A company is a legal entity that is distinct from its shareholders and directors. In Singapore, the cost of registering a business name is $15, and the cost of company registration is $300, bringing the total administrative fees to $315. While this may be slightly more expensive than other business structures, registering as a company offers several benefits, such as tax exemptions for startups. However, company incorporation can be more complex due to compliance requirements. Therefore, you may want to consider using professional company formation services from reputable firms such as PACE Professional to ensure compliance with all legal and regulatory requirements.
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3. Can foreign individuals or companies set up a business in Singapore?
Yes, foreign individuals or companies can set up a business in Singapore. However, they need to engage the services of a professional firm or appoint a local resident director to register the company with the Accounting and Corporate Regulatory Authority (ACRA). Foreigners who wish to relocate to Singapore to manage their business operations can apply for an Employment Pass or EntrePass.
Need help to apply Foreign Work Pass? Click here to speak to us!
4. What if I do not have any Singaporean Director?
For Private Limited Companies in Singapore, having at least one Director who is either a Singaporean citizen or permanent resident (PR) is mandatory.
In the event that a company does not have a local director, it is possible to appoint a Nominee Director for a small fee. This allows companies to fulfill the requirement of having a local director without having to hire a full-time director or seek out a Singaporean or PR director on their own.
Click here to read more about Nominee Director Services in Singapore.
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