Register Your Company in Singapore
Singapore continues to rank among the world’s top jurisdictions for company incorporation, offering a stable political environment, pro-business policies, competitive tax structures, and a highly developed legal system. Foreign investors and entrepreneurs are drawn to the city-state’s transparent regulatory framework and robust infrastructure. At Damalion, we facilitate the seamless incorporation of your Singapore company, including business bank account opening with reputable local institutions.
Legal Framework for Company Formation in Singapore
Company registration in Singapore is governed primarily by the Companies Act 1967 (Cap. 50), administered by the Accounting and Corporate Regulatory Authority (ACRA). Foreign and local individuals may incorporate a company in Singapore, provided they comply with the statutory requirements under the Act.
The most common legal form for business operations is the Private Company Limited by Shares (Pte Ltd), offering limited liability to shareholders and a separate legal personality.
Key Legal Requirements
As per the Companies Act and the official ACRA guidelines:
- At least one director must be a resident in Singapore (citizen, permanent resident, or EntrePass/Employment Pass holder).
- A company secretary must be appointed within six months of incorporation.
- A registered office address in Singapore is mandatory.
- Minimum one shareholder, either individual or corporate entity.
- Paid-up capital requirement is nominal: SGD 1 is the minimum, though higher capital may be required for licensing or banking.
- The company must file annual returns and comply with statutory accounting and auditing obligations, depending on revenue and employee thresholds.
Step-by-Step Incorporation Process
1. Company Name Approval
The proposed company name must be reserved through ACRA’s BizFile+ system. Names that are identical, undesirable, or infringe trademarks will be rejected.
2. Preparation of Constitutional Documents
Key documents include:
- Company Constitution (formerly Memorandum & Articles of Association)
- Consent to Act as Director (Form 45)
- Consent to Act as Company Secretary
- Identification documents for all shareholders and directors
Damalion assists in drafting and customizing your company’s Constitution to align with operational needs while complying with legal requirements.
3. Filing with ACRA
Incorporation is submitted online through BizFile+, and if all documents are in order, ACRA issues the Certificate of Incorporation typically within 1 business day.
Post-Incorporation Legal Obligations
Once registered, your Singapore Pte Ltd company must fulfill the following:
- Maintaining Registers: Registers of shareholders, directors, and controllers (as per the Companies (Register of Controllers and Nominee Directors) Regulations 2017).
- Annual General Meeting (AGM): Unless exempted, companies must hold an AGM within six months of the financial year-end.
- Filing Annual Returns: Due within seven months of the financial year-end.
Failure to comply with these obligations may result in fines or prosecution under the Companies Act.
Corporate Taxation in Singapore
Singapore’s tax regime is a key attraction for foreign investors. Under the Income Tax Act 1947, key highlights include:
- Corporate tax rate: Flat 17% on chargeable income.
- Tax exemption scheme: Newly incorporated companies may enjoy 75% exemption on the first SGD 100,000 of chargeable income for the first 3 years.
- No capital gains tax and no withholding tax on dividends.
- Access to over 90 double taxation treaties (DTAs) ensures reduced tax exposure on cross-border income.
Business Bank Account Opening
Singapore banks have strict KYC/AML-CFT protocols, governed by the Monetary Authority of Singapore (MAS) and Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992.
Documents required typically include:
- Company registration details
- Beneficial owner identity documents
- Proof of business activities
- Detailed source of funds
Damalion provides tailored introductions to regulated Singapore banks, increasing the probability of account approval and reducing processing delays.
Why Choose Damalion?
At Damalion, we offer end-to-end company formation services, from securing a local resident director to drafting compliant constitutions and opening a corporate bank account. Whether you are expanding your group structure or entering the Southeast Asian market for the first time, our team ensures legal compliance and operational efficiency.
Get Started Today to setup your Singapore company
Incorporating a company in Singapore opens the door to a dynamic, global marketplace with investor-friendly legislation and low taxation. Contact your Damalion expert to register your Singapore company and gain trusted access to the country’s financial system.
10 best hotels in Singapore for your 24 hours business trip!
Pressed for time on your business trip to Singapore? Here are ten highly-rated hotels offering excellent business facilities, comfort, and central access. Each hotel name links to its official website, and each address links to Google Maps for your convenience.
- Marina Bay Sands
10 Bayfront Avenue, Singapore 018956
A landmark hotel with panoramic Marina Bay views and integrated business facilities. - Pan Pacific Singapore
7 Raffles Boulevard, Marina Square, Singapore 039595
Centrally located Marina Bay hotel, excellent for meetings and conferences. - Mandarin Oriental, Singapore
5 Raffles Avenue, Marina Square, Singapore 039797
Sophisticated, business-focused ambiance with luxury meeting spaces. - The Ritz‑Carlton, Millenia Singapore
Marina Bay, Singapore
Panoramic bay views and refined executive club lounge perfect for business travelers. - Conrad Singapore Marina Bay
2 Temasek Boulevard, Singapore 038982
Award‑winning business hotel with extensive meeting facilities and modern amenities. - The Fullerton Hotel Singapore
1 Fullerton Square, Singapore 049178
Heritage-style luxury in the CBD with excellent business and networking spaces. - Swissôtel The Stamford
2 Stamford Road, Singapore 178882
One of Asia’s tallest hotels, directly connected to Raffles City and MRT for ultra-efficient travel. - Four Seasons Hotel Singapore
190 Orchard Boulevard, Singapore 238867
Elegant tranquility near Orchard Road, Michelin-starred dining and spa—ideal for executive rest. - PARKROYAL COLLECTION Marina Bay
Raffles Boulevard, Marina Centre, Singapore
Light-filled atrium design and harbour views, seamlessly blending business with style. - Shangri-La Hotel, Singapore
Orchard Road, Singapore
A lush, resort-style retreat just minutes from the CBD—great for decompressing after meetings.
Each hotel offers high-speed Wi-Fi, business centers, and convenient MRT access—ideal for your fast-paced schedule in Singapore.