1. Determine the company type

The types of companies that can be registered in Singapore include exempted private companies, private companies limited by shares, public companies limited by shares, public companies limited by guarantee, unlimited private companies, unlimited exempted private companies, unlimited public companies, etc. Among them, exempted private companies (limited liability) are the most common type, equivalent to limited liability companies in mainland China, and shareholders bear limited liability for the company to the extent of their capital contributions.

2. Prepare registration information

Company name: When drafting a company name, ensure that it is unique in the company name registration system of the Accounting and Corporate Regulatory Authority (ACRA) of Singapore and does not duplicate or cause misunderstanding with existing companies. The name should be written in English and end with "PTE.LTD.".

Shareholders and directors: At least one shareholder and one director are required. The shareholder and director can be the same person, or they can be natural persons or legal persons. At least one director must be a Singapore citizen, permanent resident or foreigner holding an employment pass.

Company Secretary: A Singapore citizen, permanent resident or individual holding an employment pass must be appointed as the company secretary, and the secretary must be appointed within 6 months after the company is established.

Registered capital: The minimum registered capital of a Singapore company starts from 1 Singapore dollar, and there is no upper limit. Shareholders can choose to pay up the capital in full at the time of registration, or they can choose to pay up the capital at any time after registration.

Registered address: A local registered address in Singapore must be provided, which can be an office, residential address (subject to approval by the Housing and Development Board) or a virtual office. If the company's registered address changes later, it needs to notify ACRA within 14 days.

Articles of Association: Articles of Association need to be filed with ACRA, which mainly stipulate the company's internal governance methods, structure, shareholders' rights and relationships and other provisions required for the management of the company.

3. Registration process

Company name search: Submit a company name application to ACRA to ensure that the selected name is not used by others.

Prepare and submit registration documents: Organize the identification documents of shareholders and directors, company business address, company articles and other relevant materials and submit them to ACRA.

Waiting for approval: ACRA will review the submitted materials.

Receive registration certificate: After approval, ACRA will issue a company registration certificate and a business registration certificate.

4. Subsequent maintenance

Opening a company bank account: With a business license and seal, apply to a Singapore bank to open a company bank account.

Tax declaration: Tax declaration and corporate tax must be paid every year. All Singapore companies need to declare to the Singapore Inland Revenue Authority (IRAS) and pay corporate tax on any taxable income from Singapore or foreign income remitted to Singapore.

Annual report submission: Annual reports must be submitted to ACRA within a certain period after the end of the fiscal year (within 4 months for listed companies and within 6 months for non-listed companies).

Comply with laws and regulations: including labor laws, business conduct codes, etc. to ensure the legal operation of the company.

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