FAQ –Singapore Company Incorporation for Local
1. How long does it take to incorporate a company in Singapore?
Answer: Most companies can be incorporated within 1-3 working days, once all required information and documents are provided. Unless there is a random referral to another, the timeline will be longer. An estimated minimum of 14 working days, but it could be longer, depending on the checks. This can happen to either the name or the incorporation application or both.
2. Do I need to be in Singapore to incorporate a company?
Answer: No. Company incorporation can be done fully online, and we assist both local and overseas clients.
3. What is the minimum paid-up capital required?
Answer: The minimum paid-up capital is S$1, which can be increased at any time after incorporation.
4. Do I need a local director?
Answer: Yes. Singapore companies must have at least one locally resident director. We can assist if you require this service.
5. Can a foreigner own 100% of a Singapore company?
Answer: Yes. Foreigners are allowed to own 100% of a Singapore private limited company.
6. What documents are required for incorporation?
Answer: Typically:
• Identification and address details of directors and shareholders
• Company name and business activities
• Registered office address in Singapore
We will guide you through the process step by step.
7. What are the ongoing compliance requirements after incorporation?
Answer: After incorporation, companies must comply with:
• Annual filings with ACRA
• Accounting and tax filings
• Maintaining statutory registers
We can manage these for you so you stay compliant.
8. Can you help with bank account opening?
Answer: Yes. We will assist in preparing the required documents, and you will need to bring them to the bank.
9. Do I need to register for GST immediately?
Answer: GST registration is only required if your taxable turnover exceeds S$1 million or if voluntary registration is chosen.
10. Can you support us after incorporation?
Answer: Absolutely. We provide ongoing support including accounting, payroll, GST, work pass applications, and outsourced services as your business grows.
FAQ –Singapore Company Incorporation for Foreign Founders
1. Can foreigners set up a company in Singapore?
Answer: Yes. Foreigners can own 100% of a Singapore private limited company.
2. Do I need to travel to Singapore to incorporate a company?
Answer: No. The entire incorporation process can be completed remotely, and we support you fully online.
3. How long does the incorporation process take?
Answer: In most cases, incorporation is completed within 1–3 working days once all required details are submitted. Unless there is a random referral to another authority, the timeline will be longer. An estimated minimum of 14 working days, but it could be longer, depending on the checks.
4. Is a local director required?
Answer: Yes. Singapore law requires at least one locally resident director. We can assist if you need this arrangement.
5. What is the minimum capital required?
Answer: The minimum paid-up capital is S$1, and you may increase it anytime after incorporation.
6. What documents do I need to provide?
Answer: Generally:
• Passport and address details of directors and shareholders
• Proposed company name and business activities
• Registered business address in Singapore
We will guide you clearly at every step.
7. Can I open a Singapore bank account as a foreigner?
Answer: Yes. We will assist in preparing the required documents, and you will need to bring them to the bank.
8. Do I need a work pass to manage my company?
Answer: If you plan to work or reside in Singapore, you will need a valid work pass (e.g. Employment Pass). We can assist with preparation and application.
9. What are my compliance obligations after incorporation?
Answer: Companies must meet annual filing and tax requirements.
We provide ongoing support to manage compliance so you can focus on your business.
10. Can you support us beyond incorporation?
Answer: Yes. We provide end-to-end support, including accounting, payroll, GST, work passes, and outsourced services as your business grows in Singapore.