Company Registration Process

Company Registration Process in 5 Easy Steps

Before getting started with company registration process, one should have knowledge of the process and what should be put in place. Having information about the company incorporation process, the applicable laws and provisions, business structure to settle for and other important requirements is vital. Such knowledge about the various business structures can help you manage your business well and also enable you to take advantage of the benefits that come with such structures.

Here are the 5 easy steps to be followed when registering a company;

Name Selection for New Company Registration

The first step is to identify the business name that will represent your company in the market. The name of the company that you settle for should be unique, descriptive and one that can stand out in the market for the rest of the business life. There are provisions in the in the Companies Act that are associated with selection of company name. The name that you select should not be similar or nearly resemble a name that already exists.

Company Type

The structure of the company to be registered for should be settled on. However, it’s important to note that the business structure that you get to settle for influences everything from the taxes, day-to-day operations, and the amount of your personal assets that could be at risk. When considering incorporation of company, ensure that the structure you settle for provides you with the balance of benefits and legal protections.

Here are the different types of company to be considered for registration;

  • Limited liability company – this is a separate legal entity which means that the owner is considered as a separate from the owners.
  • Private limited company – the company is limited by shares which should not be over 50. The shares of a private limited company cannot be made available to the general public.
  • Public company – there are two types, one that’s limited by shares and another is limited by guarantee.
  • Sole proprietorship – this is one of the most popular types of entity. It only has one corporate owner who is liable for all the business affairs.
  • Partnership – this is where two or more individuals or corporations come together for incorporation of company. The number of partners forming the company should not be over 20.

Directors and other Key Personnel

Once a decision has been made on the company structure, the next step is to appoint some of the key personnel as stipulated in the Companies Act. There should be a local director who is required by law to be a local resident of Singapore. The local or nominee director must be at least above 18 years old and is to be responsible for the day-to-day activities of the company.

Company secretary should be appointed within six months of the incorporation of the company. The company secretary should be a citizen of Singapore and cannot be one of the directors of the company. The auditor should also be appointed within three months of incorporation of company unless the company is exempted from auditing as per Companies Act.

Registered Office Address

While submitting the application for incorporation of company in Singapore; the applicant should also provide a registered business address for the company. This should be a valid physical address where company operations can be undertaken.


It’s a requirement for a registered company to have at least one shareholder and a maximum number of shareholders should be dependent on the business structure. The minimum issued capital must be at least $1.

Working with a reputable corporate service provider such as OneStop Singapore can help in ensuring that the entire process is undertaken efficiently and with high level of accuracy.

Registered Business Address Service In Singapore

Why You Need A Registered Business Address Service In Singapore

When considering the incorporation of company in Singapore, one of the statutory requirements that many find to be challenging is the requirement of a registered business address service in Singapore for company office. A company’s business address contributes a lot to its reputation and can to a great extent impact on how the company’s communications are handled.  The best solution that one can opt for is to rent a virtual office in Singapore for use as a registered business address.

Today’s business environment is rapidly changing and there is great need for flexibility on how to operate a business in Singapore. Instead of renting an office space that can be quite costly and may also tie up your finances, you can consider engaging Onestop Singapore for registered business address service in Singapore. Never risk your business address with a home address or a P.O Box as majority of clients would want to know the actual location of the business address.

ACRA’s criteria of having a registered business address service in Singapore states that the office must be open for at least five hours during the ordinary working hours each day. The office address should also be a physical address that’s located in Singapore and it cannot just be a P.O Box.

Here are some of the reasons for having a registered business address in Singapore;

Statutory Requirement

Having a registered business address in Singapore is a statutory requirement that every entity incorporating a company in Singapore should adhere to. However, instead of renting a building for use as a physical address, there are better options that are flexible and less costly. It is possible for business owners to use a prestigious business address for a virtual office in Singapore. Companies such as OneStop Singapore offer business address services and can provide you with the actual registered business address that can be used when registering a company in Singapore.

Virtual Business Addresses are Cost Effective

Having a virtual registered business address in Singapore is quite cost effective. Apart from being able to meet the statutory requirements; you will not have to bother about servicing a physical place. Foreign investors will find use of virtual office address as the registered business address to be quite efficient and cost effective.

The setting up of a physical business address can be quite costly and renting a virtual registered business address is the ideal option as it takes less effort for one to be acquired.

Ideal Location of Virtual Office

When it comes to having a registered business address, the location of your office space really matters. When you have a virtual office that’s located within the CBD, it comes with some level of confidence as you are certain that it can be easily accessed. Such an office is likely to create a positive impression about your company.

OneStop registered business addresses services makes it possible for company’s to grow their businesses with flexibility through monthly payment contracts that are manageable. Businesses also get to benefit from a range of services.

Incorporation of company in Singapore

4 Reasons for Incorporation of Company in Singapore

Singapore is preferred by many foreign and local investors due to its pro-business environment nature and other factors such as strong intellectual property protection, and low tax rates among other reasons. Before you put your business plan into action, your business should first be incorporated through the Accounting and Corporate Regulatory Authority in Singapore. Incorporation of company in Singapore therefore, provides one with an edge especially when they engage a reputable corporate service provider for the task.

Some of the reasons why investors prefer incorporation of company in Singapore include;

Ease of Starting Business

Singapore has been named consistently in various reports as one of the best places for doing business.  When compared to other countries that are also considered to be business hubs, registering a business in Singapore can easily be done within a day especially when you engage a reputable corporate service provider in Singapore such as OneStop Singapore. Both local and international investors can incorporate a company in Singapore.

Engaging a Singapore subsidiary company is an ideal registration option for both small and midsize foreign businesses that intend to establish a presence in Singapore. Foreign investors are allowed a 100% of the companies that are locally incorporated in Singapore.

Strong Legal System and Personal Safety

Singapore has one of the most stable political environments in the Asian region. It therefore offers investors a humble space to focus on growing their businesses. Singapore’s judicial system is highly recognized as one of the most efficient in Asia when it comes to enforcing anti-corruption laws and that creates a very conducive environment where investors can conduct their businesses without fear of bureaucratic practices.

 The country has persistently registered very low crime rates and provides its residents with a high degree of personal safety. In case of cross border disputes, businesses can effectively rely on Singapore’s reputation as place for world class arbitration. Such reasons make it possible for investors to consider Singapore for incorporation of company.

Extensive Air Connectivity

Singapore has a very extensive air ecosystem that makes it possible for trade to be facilitated through such a dynamic supply chain management alongside an efficient logistics infrastructure. Singapore’s Changi International Airport serves over 10 airlines that fly to over 400 cities in about 100 countries across the world. Every week, about 7,200 flights land and also depart from Changi Airport with over 62.2 million passengers that pass through the airport each year. Singapore is also home to some of the leading logistics companies such as FedEx and UPS.

Foreign Income Exemption

Foreign income exemption is another key benefit that makes it possible for Singapore based holding companies to repatriate dividends directly to their foreign subsidiaries free of Singapore tax. There are however, qualifying conditions that companies are expected to meet. While considering incorporation of company in Singapore, it’s vital that you work with a reputable corporate service provider in Singapore for a better understanding of benefits that are available.

The personal tax framework is also quite appealing and makes Singapore an ideal investment location for both local and foreign investors. Working with a service provider such as OneStop that has an extensive team of experienced professionals can help with making the whole process easy and effortless.

OneStop Singapore has made the process of incorporation of company in Singapore to be efficient and easy. Foreign investors and locals can get access to the unique services the company provides to not only start their business but also ensure that all the necessary steps are accurately executed.

company secretary services in Singapore

Comprehensive Company Secretary Services in Singapore

Effective governance has become such a critical requirement in today’s business environment. There has been an increased focus on company secretary roles since they have greatly evolved from being an administrative servant of the board to one that encompasses broader roles such as advisory and corporate governance. The chairman of the board to a great extent relies on the advisory services of the company secretary. The choice person for company secretary services in Singapore should be one that’s well versed with high-level responsibilities that they’re expected to execute.

Apart from acting as a link between the company’s board of the organization, the various stakeholders, the government, and other regulatory authorities; the company secretary plays such an integral part in the operations of a company. It’s a statutory requirement that a company incorporated in Singapore must have a company secretary after a stipulated period of time. Instead of sourcing for a company secretary all by yourself, you can consider engaging a reputable firm that offers comprehensive company secretary services in Singapore.

Here are some of the comprehensive company secretary services in Singapore;

Handling Statutory Responsibilities

For proper handling of statutory responsibilities; it’s advisable that you work with a firm that’s capable of delivering comprehensive company secretary services in Singapore. Working with a professional corporate service provider like OneStop Singapore can help in ensuring that governance structures, corporate conduct and other vital statutory mechanisms within the organization are well executed.

It’s the work of the company secretary to ensure that the company complies effectively with the company law and maintains statutory registers. The company secretary also makes the necessary filings of statutory returns with ACRA such as the annual returns, financial statements and other forms.

Corporate Governance

Company secretary services have greatly evolved in practice and are not just about executing the basic statutory obligations. The tasks have become more complex as company secretaries are expected to develop and also implement processes that can help promote and also sustain good corporate governance. It’s the responsibility of the company secretary to provide guidance on board effectiveness and how the board members can be assisted on matters pertaining to the company.

Due to the changing dynamics in reference to governance, company directors are recognizing the importance of technical knowledge and specialist skills that company secretaries should have for proven work expertise. Engaging a reputable firm such as OneStop Singapore for comprehensive company secretary services in Singapore makes the whole process easier for organizations as they gain access to a pool of highly qualified professionals that can effectively deliver company secretary services.

Board Development

All of the directors of the board prefer engaging a reputable firm for quality advisory services that can move the company forward. There are a range of services that highly require the help of a highly skilled and expert company secretary. Tasks such as Singapore customs registration for companies involved in import and export can be quite involving and expert skills are necessary.

The benefits that come with engaging a reputable form such as OneStop Singapore for company secretary services are great. Apart from having that peace of mind that all the statutory requirements and compliance issues are observed, you also get to benefit from the range of corporate services that the firm provides.

Related links-
Onestop company secretary
CA firms in Singapore
Payroll service in Singapore
How to reduce corporate tax in Singapore