To set up a branch office, at least one resident agent must be appointed to handle compliance, and the branch must have a registered Singapore address, ensuring adherence to local corporate regulations. This structure is often recommended by company formation consultants for foreign businesses needing a strong local presence. Factors influencing the exact duration include the type of business entity you're registeri ng and whetherall required documents are readily available. Overall, the efficiency of the Singapore company registration process is a testament to its commitment to fostering a conducive environment for businesses to thrive.

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What Is a Corporate Secretary?

When the company is incorporated, Company Secretary can be left blank initially. However, the Company Secretary must be appointed within 6 months of incorporation. In comparison to other types of companies in Singapore, a Private Limited Company (Pte Ltd) is the most scalable, advanced, and flexible business structure for Singapore companies.

Company secretary

We'll also ensure you know important deadlines throughout your financial year. The purpose of this address is to receive official communications, notices from the authorities, and legal papers. Singaporean law requires your company to have at least one director to reside there. That person can be a foreign national or a Singaporean citizen. As long as the business director legally resides in Singapore, they can help you fulfil this requirement.

Limited Partnership

More information in our 5 minute Guide to Singapore’s Corporate Tax System. Had an extremely pleasant experience dealing with the Sleek platform. This was after trying to apply via the ACRA portal directly, which ended up being extremely difficult due to the poor UI/UX (not recommended for beginners). The Sleek platform and interface was also extremely user friendly. He (Oswyn) understood the urgency of setting up the account quickly and expedited the request, resulting in the entity being set up in less than 3 hours. Unless the company has been exempted from audit you every company must appoint an auditor within 3 months of comparable store sales registration.

You may refer to our article on deciding between the various business structures in Singapore for more information. However, companies have many more compliance requirements as compared to sole-proprietors and partnerships. These include filing annual returns and holding annual general meetings, and a failure to do so would result in disciplinary action from the Accounting and Corporate Regulatory Authority (ACRA).

Accounting and Corporate Regulatory Authority

1. When your pass is approved, your family will also be eligible to relocate on the Dependant Pass visa.
2. Simply use InCorp’s business incorporation services and let us speed up your Singapore business formation.
3. After your company has been incorporated, you can apply for an Employment Pass under the new company.
4. And, depending on what activities your company is involved in, you might need to apply for a business license.

Following a specific structure for this document is highly recommended to prevent complications later. ACRA even provides a model structure on their website, which you can use as a template to streamline and expedite the registration process. The process is similar to incorporating a company — if you plan to trade overseas or accept foreign currency, you'll need a different bank that meets your specific needs is important. Obtain approval from ACRA (Accounting and Corporate Regulatory Authority) for both your company's address and its name. Ensure that the proposed name meets ACRA's guidelines and that the address complies with local regulations.

For more information, refer to our guide to corporate tax in Singapore. Under the HDB’s Home Office Scheme, individuals may also use their residential address as the business address. There is no limit on the number of local or foreign directors that a Singapore company may appoint.