Company Incorporation Services Singapore
Establish Your Company in Singapore Today!
Welcome to Soho, a leading company incorporation service provider in Singapore. Our primary goal is to streamline the process of establishing your company, making it a hassle-free and expeditious incorporation procedure. Whether you’re a local entrepreneur or an international investor, our tailored company incorporation services in Singapore are designed to cater to your unique requirements, and we will be there to assist you at every stage of the process.
What Makes Singapore a Preferred Choice for Company Incorporation?
Singapore has earned a distinguished reputation as a global business hub, drawing interest from investors and entrepreneurs worldwide. Below are some key reasons why choosing Singapore as the location to establish your business is highly advantageous :
- Strategic Location:
Singapore, located in Southeast Asia, provides quick access to a population of over 650 million people and acts as a gateway to the Asian market.
- Political Stability:
Singapore’s political climate is stable, resulting in a safe and reliable business environment. The government’s dedication to encouraging entrepreneurship and innovation has facilitated Singapore’s strong economic growth.
- Strong Legal Framework:
Singapore’s well-established legal system is founded on English common law and offers a reliable and transparent business environment. The nation frequently achieves excellent rankings on global indices for ease of doing business and intellectual property protection.
- Attractive Tax Regime:
Singapore has a competitive tax system that includes low corporate tax rates, tax breaks, and a number of tax rules, making it a desirable location for companies looking to minimize their tax obligations.
- Workforce:
Singapore has a highly educated and skilled workforce, allowing companies to tap into a talent pool of experts from several industries.
Establish Your Business with Soho
At Soho, our knowledgeable team offers you numerous opportunities to initiate and establish your business in Singapore. Our three-step straightforward process allows you to begin the incorporation procedure right from the comfort of your own home.
Step 1- Guidance
The initial step towards company incorporation involves connecting with us. Our team will be there to assist and guide you throughout the entire procedure.
Step 2- Checklist
We offer a comprehensive checklist of the necessary documents and information required for the incorporation process. This checklist includes details about the proposed company name, business activities, shareholding structure, as well as information about shareholders and directors.
Step 3- Payment
Once all the necessary paperwork and information have been completed, the next step in the company incorporation process is to proceed with the payment of associated fees. Our staff will provide you with a transparent and concise summary of all costs and expenses related to the incorporation process.
Soho Provides Digital Advantages
- 100% Online Process
Experience the Convenience of a 100% Online Process with Soho! No need to travel to Singapore or visit our office – you can handle everything online!
- Online Customer Support
With the assistance of our customer support, you can effortlessly complete your service request and access your firm details on our app.
- 24/7 Cloud Access
Access all your documentation anytime and anywhere on our secure cloud platform.
- Digital Signature
Simply approve all your transactions with us using our unique e-signing platform.
- No Additional Fees
Our fees are transparent and easy to understand. Furthermore, all fees are net amounts, inclusive of taxes.
- Data Protection
We ensure the security of your data in accordance with PDPA requirements through our robust cyber security measures.
If you are also looking for a nominee director, you can use our director services. We are recognised for providing the most reliable nominee directors to our clients. For more information, feel free to contact us.
Our Company Incorporation Services in Singapore Include
- Foreign Individuals
We assist foreign individuals in forming a private limited business in Singapore.
- Foreign Companies
We help foreign companies in opening a subsidiary, branch, or representative office.
- Singaporeans
We assist locals in setting up a private limited company, limited liability company, or sole proprietorship.
- Shelf Companies in Singapore
With our assistance, incorporating a shelf business in Singapore guarantees compliance with all legal criteria.
- Offshore Businesses
We aid clients in establishing offshore businesses to capitalize on benefits such as favorable tax rates.
Key Requirements for Company Incorporation
If you want to establish a company in Singapore, you have to meet 5 key requirements:
- Minimum paid-up capital of $1
- At least one shareholder
- At least one local or resident director
- At least one company secretary
- Registered local address
Your To-Do List Before Incorporating Your Company
- Selecting an SSIC code
- Register your business name
- Specify the directors of your business
- Find out how many shareholders your company has
- Allocate your paid-up capital
- Have a Singaporean registered address
- Hire a company secretary
3 Steps to Register Your Company
Step 1: Pick A Name For The Business
The first step for register new company Singapore, you need to select a business name. Provide us with three to five name options, and once the name is available, we will contact you promptly.
Picking a name for the business;
- Select a distinct and descriptive name that appropriately represents your company.
- Ensure the name adheres to all legal requirements and restrictions.
- Avoid any offensive language, as names violating this criterion will be automatically rejected in accordance with ACRA guidelines.
- If your name is accepted, it will be reserved for a period of two months.
Step 2: Required Documents
To proceed with company incorporation, you need to provide our team with the essential documents listed below:
- An approved company name letter
- A local registered address
- Information of the nominee director
- Address of the nominee director
- Basic information of directors and shareholders
- Main objectives of the business
- Singapore ID card for locals
- Passport copy and residential address for foreigners
Step 3: Submit the Application to ACRA
For the final step, we will submit an application on your behalf to the Accounting and Corporate Regulatory Authority (ACRA). Our staff will handle the creation of a comprehensive application for your company’s incorporation, utilizing all the relevant information gathered and completing the necessary paperwork.
Benefits of Company Incorporation Services
| Streamlined Process | Time and Cost Efficiency |
|---|---|
| Starting a company locally can be tough. Incorporation services make this process easier, guiding the client through each stage of the process. From choosing a unique company name to ensuring the company meets specific legal requirements, these services ensure a smooth and efficient process of starting a business. | By hiring services to handle the process of starting your company, businesses can save a lot of time and money. Companies offering company incorporation services in Singapore will take care of the administrative and official tasks, allowing business owners to concentrate on planning and their main business activities. |
| Compliance Assurance | Customised Solutions |
|---|---|
| Due to the strict nature of local laws and rules, such as the Singapore Companies Act, it’s important that companies follow them. SOHO’s services ensure your company abides by all the rules and regulations that are in place, thus reducing the risks of dealing with the consequences of violating them, such as financial penalties. | Because each business is different, SOHO provides customised incorporation services in Singapore. Regardless of whether it’s getting the necessary licenses, offering nominee director services, or advice on following corporate rules, we will provide these services to meet the specific requirements of each business. |
Frequently Asked Questions
Does Singapore Issue a Certificate of Incorporation?
Soho offers incorporation services in Singapore, helping companies establish themselves lawfully. When a new company is incorporated with the Accounting and Corporate Regulatory Authority (ACRA), a legal document called the certificate of incorporation is issued, indicating the date of establishment.
Is Incorporating a Business Expensive?
According to the Accounting and Corporate Regulatory Authority (ACRA), the total cost of establishing your business is approximately S$315. This amount includes a registration fee of $300 and a name reservation fee of $15.
Is It a Good Idea To Incorporate A Small Business?
Numerous small business owners who currently operate as sole proprietorships or partnerships have likely considered the possibility of incorporating their firms as private limited entities. Incorporation offers several advantages, including limited liability, transferable shares, perpetual succession, separate property, the power to sue, flexibility, and autonomy.
What Are The Advantages Of Private Limited Compared To Sole Proprietorships?
Private limitedoffer various benefits, including reduced personal liability, ease of ownership transfers, business continuity after the owner’s demise, enhanced access to finance through loans, and potential tax advantages based on the corporate form. These advantages are just a few of the many benefits that a private limited business provides. On the contrary, a sole proprietorship, being owned by a single individual, does not grant a separate legal identity to the owner or the business itself.