How to Setup a Company in Singapore – A Step-by-Step Guide

Thinking about expanding your business or launching a startup in Asia? Singapore is your ideal destination. With a transparent regulatory framework and business-friendly tax regime, setting up a company here is both straightforward and rewarding.

In this guide, YKG Global walks you through the complete process of how to setup a company in Singapore, from planning to post-registration compliance.

Why Setup a Company in Singapore?

• No restrictions on foreign ownership

• Corporate tax capped at 17%

• Ranked consistently in the Top 3 for Ease of Doing Business

• Political stability and a strong legal system

• Access to global banking, funding, and skilled workforce

What You Need Before You Start

To set up a company in Singapore, you'll need the following:

• A unique company name (approved by ACRA)

• At least 1 shareholder (can be an individual or corporate)

• At least 1 local director (must be a Singapore resident or EP/DP holder)

• A qualified company secretary

• A registered local address

• Minimum capital of SGD 1

Step-by-Step Process to Setup a Company in Singapore

Step 1: Choose Your Business Structure

The most common structure is a Private Limited Company (Pte Ltd). It offers limited liability, tax benefits, and credibility.

Step 2: Reserve Your Company Name

Apply for name approval with ACRA. Make sure the name is not identical or offensive.

Step 3: Prepare Required Documents

Including:

• Company Constitution (Memorandum & Articles)

• Identity proof of directors/shareholders

• Consent to Act as Director

• Registered address proof

Step 4: Register Your Company with ACRA

Submit documents online. Once approved, you’ll receive:

• Certificate of Incorporation

• Company Business Profile

• Unique Entity Number (UEN)

Step 5: Open a Corporate Bank Account

Choose from major banks like DBS, OCBC, UOB, or international banks.

Step 6: Register for GST (if applicable)

Mandatory if turnover exceeds SGD 1 million per annum.

Step 7: Setup Accounting & Compliance

Ensure timely annual filings, tax returns, and bookkeeping are maintained.

Can Foreigners Setup a Company in Singapore?

 Yes. Foreigners can own 100% of shares. However, they must appoint at least one local director. YKG Global can assist with nominee director   services if needed.

Why Trust YKG Global?

YKG Global is your one-stop solution for company setup in Singapore. We provide:

• End-to-end support for registration

• Nominee and local director services

• Company secretary & address solutions

• Accounting, tax, and GST registration

• Bank account and visa support

Ready to Launch Your Business in Singapore?

Let us simplify the process of starting your business in Singapore. With our expert team, you’ll be up and running in no time.

Connect with YKG Global today and get started on your company formation journey!

📧 Email: Rishi@ykgglobal.com
🌐 Website: www.ykgglobal.com
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