Question 1

What is Lanturn Singapore?

Accepted Answer

Founded in 2017, Lanturn's mission has always been to help businesses and entrepreneurs grow their funds and investments by offering exceptional corporate and fund management services and top-of-the-line technology. Since then, we've helped over 400 companies achieve growth by streamlining processes and admin work through technology and great people.

Question 2

Can I register a company in Singapore if I am based Overseas?

Accepted Answer

Yes, you can register a company in Singapore even if you are based abroad. The process can be done entirely online with the right service provider like Lanturn, who can provide nominee director or corporate secretary services.

Question 3

Can I incorporate a company in Singapore if I am on an Employment Pass with another company?

Accepted Answer

Yes, you can open and own shares with the company. To be a director in your company you will have to acquire a LOC first from MOM.

Question 4

What is the process of incorporating a company in Singapore as a foreigner?

Accepted Answer

Incorporating a company in Singapore as a foreigner involves choosing a business structure, reserving a company name, filing incorporation documents with ACRA, paying fees, appointing a resident director, opening a bank account, and obtaining a business license if required. You might find these steps a hassle if you are mostly abroad. Availing of Lanturn's fully digital incorporation process for expert assistance can make the process easier.

Question 5

Are there any residency requirements for directors and shareholders of a Singapore company?

Accepted Answer

To comply with Singapore law and ensure accountability, directors of a Singapore company must be a citizen, permanent resident, or holder of an Employment Pass or EntrePass. Shareholders are not subject to residency requirements. Lanturn provides professional nominee director services to help meet this requirement which you add on to our business incorporation services in Singapore.

Question 6

What are the minimum requirements for incorporating a company in Singapore?

Accepted Answer

Foreign-owned companies in Singapore are required to appoint at least one local director who is a Singapore citizen, permanent resident, or an Employment Pass holder. The local director must be at least 18 years old, have a local residential address, and be able to perform the duties and responsibilities of a director. To avoid hassle, it would be better to avail of local nominee director services.

Question 7

How long does it typically take to incorporate a company in Singapore as a foreigner?

Accepted Answer

Incorporation a company in Singapore as a foreigner typically takes around 5 working days, though it can be done faster. Unforeseen delays, such as additional information or documentation request from ACRA, may extend the timeline. Hiring a registered filing agent like Lanturn can speed up the process as little as 2 working days.

Question 8

How can Lanturn help me on this process?

Accepted Answer

Lanturn, a top corporate and fund services provider, offers a comprehensive support for foreigners opening up a company in Singapore from overseas or locally. Trust Lanturn to guide you through a seamless company registration experience. With our proven track record and seamless cloud platform, registering your company has never been easier.

Question 9

I am ready to register a company. How can I start the incorporation process?

Accepted Answer

To begin the incorporation process with Lanturn Singapore, choose services, secure your company name, finalize the deal, and submit required information and documents. As your trusted partner, we ensure a smooth company registration experience tailored to your needs. Benefit from our expertise and seamless cloud platform for an easier company registration in Singapore, no matter where you are.

Easy Company Incorporation for Foreigners in Singapore

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