Question 1

Is incorporating a foreign company in Singapore possible?

Accepted Answer

Yes, as Singapore has a favorable business climate and welcomes foreign investments. In fact, foreign companies can choose to set up a subsidiary, branch office, or representative office in Singapore.

Question 2

Is choosing the right company structure in Singapore difficult?

Accepted Answer

This is indeed a complex process, as each structure has its own advantages and disadvantages, and it is important to consider factors such as ax implications, compliance requirements, etc. when making your decision. Consulting with a professional service provider can help you navigate the process and reach a decision that best suits your business needs.

Question 3

Is incorporating a private limited company in Singapore a good idea?

Accepted Answer

Incorporating a private limited company in Singapore is generally advisable as it is the most common and popular business entity type. This is because a private limited company is considered a separate legal entity from its shareholders, and offers limited liability protection to its owners. Furthermore, there are a number of advantages of setting up a PTE LTD in Singapore, still it best to consult with a professional to determine if this business structure is the right choice for your specific business needs and goals.

Question 4

What is the first step to starting a business in Singapore as a local?

Accepted Answer

Before incorporating a company in Singapore, you must reserve a unique name for your business through ACRA’s Bizfile+ portal. It’s important to choose a name that represents your brand while not being identical to any existing trademarks or business names. We recommend that perform a quick online search in the ACRA website to ensure that your company name is available before proceeding with the reservation process.

Question 5

How much capital is needed to register a company in Singapore?

Accepted Answer

Incorporation requires a minimum paid-up capital of 1 SGD, which can be increased at any time after registration.

Question 6

In starting a company in Singapore, how many shareholders does it need?

Accepted Answer

To establish your business in Singapore, it is possible to have a minimum of one and a maximum of 50 shareholders. The shareholders can be either individuals or corporate entities.

Question 7

What are the other key requirements for company incorporation in Singapore?

Accepted Answer

Lanturn can help you meet these requirements with our tailored services and provide you:

A Singapore-based director
A local company secretary
A registered address in Singapore

Question 8

How long does it take to incorporate a business in Singapore?

Accepted Answer

Business incorporation in Singapore can take anywhere from day to two weeks. The timeline may vary depending on factors such as business structure and documentation preparation. To ensure a trouble-free and speedy process, it is wise to seek advice from an incorporation expert like Lanturn.

	Singapore Company Registration Essentials Starting at $900 annually Don't let compliance hold you back. Let Lanturn help you navigate your first year with confidence and ease.	Premium Singapore Company Incorporation Starting at $3000 annually Maximise your company’s potential in year one with Lanturn’s tailored compliance and accounting offer.
Incorporation ACRA company lodgement ACRA Bizfile Standard constitution and registration forms
Corporate Secretary AGM Annual return Up to two resolutions per year Includes two advisory calls
Accounting Accounts closed annually ECI and CI filing Financial statements preparation Xero or Eleven subscription

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Frequently Asked Questions

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Preparing for a Successful Company Launch: What to Know Before You Start

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