Thinking about starting your dream business in Singapore? You’re in the right place! Singapore is not just a global financial hub but also one of the most entrepreneur-friendly nations in the world.
Whether you’re a local or a foreigner, Singapore’s streamlined processes for company registration make it a breeze to turn your business ideas into reality. Let’s explore the ins and outs of Singapore company registration, with real insights and actionable steps that will set you on the path to success.
Starting a business can feel overwhelming, especially in a foreign country. But here’s the good news, Singapore has one of the easiest and most efficient systems for company registration in the world.
How to Register a Company in Singapore Step-by-Step
Whether you’re looking to set up a local business or an international entity, the process is designed to be straightforward and accessible, even for first-time entrepreneurs.
What makes Singapore a magnet for businesses worldwide? For starters, it offers a low-tax regime, world-class infrastructure, and an unbeatable location in the heart of Asia.
Combine that with a transparent legal framework and government initiatives that support startups, and you have a perfect recipe for business success. No wonder it’s a top destination for entrepreneurs.
This guide is your one-stop resource for navigating the Singapore company registration process. From choosing your business structure to fulfilling regulatory requirements, we’ll cover every step in detail. By the end of this guide, you’ll have all the information you need to confidently start your business in Singapore.
Why Singapore?
Before diving into the process, let’s look at why Singapore is such an attractive destination for entrepreneurs. Ranked as one of the top global business hubs, Singapore offers:
- Strategic Location: Situated in the heart of Asia, Singapore offers excellent access to key markets in the region.
- Pro-Business Environment: With minimal red tape, low corruption, and an efficient government, setting up a business is straightforward.
- Low Taxes: Singapore’s tax regime is one of the most competitive globally, with corporate tax rates capped at 17%.
- Robust Infrastructure: The city boasts world-class infrastructure and a highly skilled workforce.
- Start-Up Ecosystem: Numerous incentives and grants are available to support start-ups and SMEs.
Whether you’re planning to launch a tech start-up or establish a regional headquarters, Singapore provides the perfect ecosystem to help your business thrive.
Now, let’s get started with how to establish a company in Singapore
Step 1: Choose Your Business Structure
The first step in registering a company is deciding on the type of business structure that best suits your needs. Common options include:
- Private Company:
- Private Company Limited by Shares: This structure allows for up to 50 shareholders and is the most common choice for entrepreneurs due to its limited liability and tax benefits.
- Private Company Exempt by Minister: This type of company is exempted by the Minister, with a maximum of 20 individual shareholders and no corporations listed as shareholders.
- Public Company:
- Public Company Limited by Shares: Designed for larger businesses, this structure allows for more than 20 shareholders and is typically used to raise capital through public share offerings.
- Public Company Limited by Guarantee: This structure does not have shareholders but instead has members. It is generally used for non-profit organizations or entities focusing on charitable activities.
- Sole Proprietorship:
- This is ideal for individuals who wish to maintain full control over their business. However, it does not offer separate legal liability, meaning personal assets may be at risk.
- Limited Liability Partnership (LLP):
- Suitable for professionals and firms, this combines the flexibility of a partnership with the limited liability of a company.
Choosing the right business structure is critical as it determines the company’s liability, tax obligations, and growth potential. Consulting professionals offering company incorporation services in Singapore can help ensure you make an informed decision.
Step 2: Name Your Company
Your company’s name is your identity and the first impression for potential clients and partners. Here’s what you need to consider:
- Uniqueness:
- The name must not be identical or similar to an existing registered entity in Singapore.
- Appropriateness:
- Avoid using obscene or offensive words.
- Certain words may require approval from relevant authorities (e.g., “bank” or “education”).
- Approval from ACRA:
- The Accounting and Corporate Regulatory Authority (ACRA) is responsible for approving company names. This process typically takes 1-3 business days.
- Reservation Period:
- Once approved, your company name is reserved for 120 days. If you don’t register within this timeframe, the name will be released.
It’s wise to brainstorm several names in case your first choice is rejected. A professional service provider can assist in navigating the name approval process efficiently.
Read also: 2025 Is Coming: 8 Key Things You Need to Know
Step 3: Appoint Directors and Other Key Personnel
After deciding your company structure, the next step is appointing key personnel. These roles ensure the smooth day-to-day operations of your business:
- Director:
- Every company must have at least one director who is a Singapore resident (citizen, PR, or Employment Pass holder).
- The director must be at least 18 years old and not disqualified under the Companies Act.
- Company Secretary:
- A company must appoint a company secretary within six months of incorporation.
- The secretary must be a Singapore resident and cannot also serve as the sole director of the company.
- Chief Executive Officer (CEO):
- Although optional, many companies appoint a CEO or Managing Director to oversee daily operations. This role does not need to be registered with ACRA.
- Auditor:
- Unless exempted under the Companies Act, companies must appoint an auditor within three months of incorporation to manage financial reporting and compliance.
Engaging professionals offering corporate secretary services in Singapore can simplify the process of fulfilling these mandatory roles.
Step 4: Prepare the Required Documents
Proper documentation is essential for a smooth incorporation process. Below are the key documents you’ll need:
- Proposed Company Name:
- Ensure it is approved and reserved by ACRA.
- Description of Business Activities:
- Specify the primary and secondary activities using the Singapore Standard Industrial Classification (SSIC) codes.
- Details of Shareholders, Directors, and Company Secretary:
- Include personal details such as full name, identification number, nationality, and residential address.
- Registered Office Address:
- This must be a physical address in Singapore. It cannot be a PO Box.
- Company Constitution:
- Also known as the Articles of Association, this document outlines the company’s rules, regulations, and structure. You can adopt a standard template provided by ACRA or draft your own.
- Share Capital:
- The minimum issued share capital is S$1. Details of share distribution among shareholders must also be provided.
- Financial Year Determination:
- Decide your company’s financial year-end, which can be March 31, June 30, September 30, or December 31. This will determine your reporting and tax filing deadlines.
Many business owners find it beneficial to engage company incorporation services in Singapore for assistance in preparing these documents accurately.
Step 5: Register with ACRA
The final step is to register your company with the Accounting and Corporate Regulatory Authority (ACRA) through the BizFile+ portal. Here’s a detailed breakdown:
- Login to BizFile+:
- Use your SingPass (for locals) or engage a registered filing agent (for foreigners).
- Fill in the Application Form:
- Provide all required details, including business activities, shareholders, directors, and registered office address.
- Upload Required Documents:
- Ensure all necessary documentation is in order and uploaded correctly.
- Pay the Registration Fees:
- S$15 for name reservation.
- S$300 for company registration.
- Receive Incorporation Documents:
- Once the application is processed, you’ll receive a Certificate of Incorporation and Business Profile electronically. These serve as official proof of your Singapore company registration.
How Much Does It Cost to Register a Company in Singapore?
Understanding the cost structure is a critical first step in budgeting for your new business venture. Singapore’s transparent fee structure means that the costs are predictable, allowing you to plan effectively. The expenses fall into two main categories: government fees and service provider fees. When you choose Bizsquare as your service partner, you not only benefit from expert guidance but also receive a clear breakdown of all associated costs.
1. Government Fees
The government fees for registering a company in Singapore are minimal, making it an attractive option for startups and established businesses alike:
-
Name Reservation Fee:
Before you can officially register your business, you need to reserve your company name through the Accounting and Corporate Regulatory Authority (ACRA) via its BizFile+ portal. This process incurs a fee of S$15. Once approved, the name is reserved for 120 days, giving you ample time to complete the registration. -
Incorporation Fee:
The standard fee for incorporating a company is S$300. This fee covers the administrative costs of processing your application and issuing the Certificate of Incorporation along with your Business Profile. -
Additional Charges:
In some instances, you may require additional documentation or hard copies of official documents, which could incur further charges (typically around S$50 per request).
Overall, the basic government fees for a standard company registration come to approximately S$315.
2. Service Provider Fees with Bizsquare
While the government fees are fixed, many entrepreneurs opt for the assistance of professional service providers to ensure that the process is smooth and error-free. Bizsquare is a trusted partner for company incorporation in Singapore and offers an array of services including:
-
Document Preparation:
Bizsquare helps prepare all the necessary documents, including the company constitution (or Articles of Association) and compliance filings. -
Nominee Director & Corporate Secretary Services:
For foreign entrepreneurs or those who lack a local director, Bizsquare provides nominee director services. They also offer corporate secretarial support to ensure that your company meets ongoing statutory requirements. -
Registered Office Address:
Bizsquare provides a local registered office address, which is a mandatory requirement for all Singapore companies.
The fees charged by Bizsquare depend on the scope of services you select. Comprehensive packages can range from S$1,000 to S$3,000 or more—a worthwhile investment given the expertise and peace of mind provided. These fees are all-inclusive, covering initial registration and, in some packages, ongoing compliance support.
3. Other Considerations and Ongoing Costs
Beyond the initial incorporation expenses, it’s important to consider additional costs that you may incur over time:
-
Nominee Director and Company Secretary Retainers:
If you require a nominee director or outsourced company secretary, these services are typically charged on a monthly or annual basis. -
Annual Filing and Audit Fees:
Singapore companies must file annual returns and may require a statutory audit, depending on their size and structure. The costs for these services vary, but budgeting for them in advance is essential. -
Bank Account Setup:
While opening a corporate bank account is a separate process, you may incur fees for document certification, notarization, or bank processing charges. Bizsquare can assist you with this process to ensure all requirements are met efficiently.
4. Cost-Saving Strategies
To help manage your expenses during the registration process, consider the following tips:
- Bundle Services with Bizsquare:
Opt for bundled packages that cover registration, nominee director services, and corporate secretarial duties. This not only saves money but also ensures consistency and compliance. - Plan for Recurring Costs:
Set aside a dedicated budget for annual compliance, audit fees, and other ongoing expenses. Proper budgeting helps avoid surprises down the line. - Negotiate Transparent Pricing:
Bizsquare offers clear pricing structures and is open to discussing customized packages based on your business needs, ensuring that you get the best value for your investment.
By understanding the various cost components and working with a reliable service provider like Bizsquare, you can manage your budget effectively while setting up a strong foundation for your business in Singapore.
Can a Person Set Up a Company in Singapore Through an Online Process?
Absolutely! Setting up a company in Singapore through an online process is not only possible but is also the norm due to Singapore’s highly digitalized government services.
The Accounting and Corporate Regulatory Authority (ACRA) has streamlined the process to be entirely online using its BizFile+ portal. Here’s how the process works in detail:
-
SingPass Account:
- A SingPass account is essential for Singapore residents to access government services, including BizFile+. Foreign entrepreneurs who do not have SingPass credentials can engage the services of a registered filing agent or corporate service provider to facilitate the process.
-
Accessing BizFile+:
- Log in to the BizFile+ portal to begin your application. The platform is user-friendly and provides clear instructions for each step.
-
Providing Key Details:
- Input information such as the company name, business activities (using SSIC codes), shareholders, directors, and registered office address. Be sure to upload all required documents, including the company constitution and identification for all stakeholders.
-
Payment of Fees:
- The online system allows you to make secure payments for the registration process. This includes a S$15 fee for name approval and S$300 for incorporation.
-
Processing Time:
- Most applications are processed within 1-3 business days, although applications requiring additional approvals may take longer.
-
Receiving Incorporation Documents:
- Once approved, you will receive your Certificate of Incorporation and Business Profile electronically. These documents confirm that your business is officially registered and recognized in Singapore.
-
Post-Incorporation Steps:
- After registration, additional tasks such as opening a corporate bank account, registering for Goods and Services Tax (if applicable), and adhering to ongoing compliance requirements must be completed. Many corporate service providers offer bundled packages to assist with these steps.
The online process for Singapore company registration is designed to be seamless, efficient, and convenient, making Singapore one of the most accessible places in the world to start a business.
For entrepreneurs who may find the process daunting, professional firms offering company incorporation services Singapore are readily available to handle everything from start to finish.
Read also: Why Every Business Owner in Singapore Needs a Corporate Secretary?
Can Foreigners Register a Company in Singapore?
Singapore’s business environment is renowned for its openness to foreign entrepreneurs. The country welcomes business owners from around the globe, providing a streamlined process and a supportive legal framework. In this section, we outline how foreigners can register a company in Singapore and explain the specific requirements and steps involved—always with Bizsquare as your partner.
1. Legal Framework for Foreign Entrepreneurs
Foreigners can fully own a company in Singapore, which makes it a popular destination for international investors. The key points are:
-
100% Foreign Ownership Allowed:
There is no requirement for foreign entrepreneurs to have local shareholders. You can incorporate a company in Singapore with full foreign ownership. -
Local Director Requirement:
Despite the allowance for full foreign ownership, Singapore law mandates that every company must have at least one director who is a Singapore resident (a citizen, permanent resident, or holder of a valid work pass). Bizsquare can provide nominee director services if you, as a foreign entrepreneur, do not have a local director. -
Access to the BizFile+ Portal:
Singapore residents typically use SingPass to register through ACRA’s BizFile+ portal. As a foreigner, you might not have SingPass access. Bizsquare can facilitate the entire online registration process on your behalf.
2. Documentation and Compliance for Foreigners
Foreign entrepreneurs need to prepare additional documentation compared to local applicants:
- Identification Documents:
You will need to provide a valid passport copy along with proof of your overseas residential address. - KYC Requirements:
Know-Your-Client (KYC) documents, such as bank reference letters and detailed personal or business profiles, are often required. - Translation of Documents:
Any documents not in English must be officially translated. Bizsquare assists in ensuring that all documents meet local compliance standards.
3. Registration Options for Foreigners
Foreign entrepreneurs generally have two options when setting up a company:
- Running the Business from Overseas:
In this scenario, you operate your business remotely while fulfilling local requirements through Bizsquare’s nominee director services and other support. - Residing in Singapore:
If you decide to relocate to Singapore, you will need to secure the appropriate work pass (such as an Employment Pass or EntrePass). Bizsquare provides expert advice on securing the necessary permits, ensuring a smooth transition.
4. Overcoming Challenges for Foreign Entrepreneurs
Some common challenges faced by foreign entrepreneurs include:
- Understanding Local Regulations:
Singapore’s legal and regulatory framework may differ from your home country. Bizsquare’s professional team will help you navigate these differences, ensuring that you meet all local requirements. - Bank Account Opening:
Setting up a corporate bank account as a foreigner might require additional documentation and sometimes even personal presence. Bizsquare can guide you through this process and assist with the necessary paperwork. - Ongoing Compliance:
Maintaining compliance with annual filings, audits, and other statutory obligations can be complex. With Bizsquare’s ongoing support services, you can rest assured that your business remains in good standing.
5. Why Bizsquare Is Your Ideal Partner
Foreigners looking to register a company in Singapore benefit immensely from partnering with Bizsquare. Their comprehensive services include:
- Nominee director appointments for meeting local director requirements.
- Complete support with document preparation, translation, and compliance.
- Expert advice on securing work passes and handling local regulations.
- Streamlined processing of the entire registration process through the online BizFile+ portal.
By choosing Bizsquare as your exclusive service provider, you can focus on growing your business while leaving the complexities of incorporation and compliance in expert hands.
How Foreigners Can Start a Business in Singapore
Singapore’s business-friendly environment extends a warm welcome to foreign entrepreneurs. Here’s a step-by-step guide specifically tailored for foreigners who want to engage in Singapore company registration for foreigner:
Two Main Options for Foreign Entrepreneurs
Foreigners who plan to start a business in Singapore can choose between the following approaches:
- Running the Business from Overseas:
- If you prefer to operate your Singapore-based business without relocating, you’ll need to appoint at least one director who is a Singapore resident (citizen, PR, or Employment Pass holder). This ensures local compliance while allowing you to manage operations remotely.
- Running the Business While Residing in Singapore:
- If you decide to relocate to Singapore and run your business locally, you’ll need to obtain a valid work pass, such as the Employment Pass or EntrePass. Additionally, engaging a corporate service provider is crucial to meet incorporation requirements.
Required Information for Company Registration
To incorporate a company in Singapore, the following details are needed:
- Name of the Company
- Description of Business Activities
- Paid-up Capital (minimum S$1)
- Registered Office Address (must be local)
- Details of Shareholders and Directors
Key Services Provided by Bizsquare
- Acting as Local Director:
- Foreign entrepreneurs can appoint Bizsquare as their nominee director to meet Singapore’s residency requirements.
- Handling Compliance and Documentation:
- Bizsquare ensures that all incorporation paperwork is complete and accurately submitted. This includes acquiring necessary work permits and approvals for a smooth setup process.
- Post-Incorporation Services:
- Assistance with opening a corporate bank account, securing office space, and managing tax obligations. Bizsquare also provides ongoing compliance support, including GST registration and annual filings.
Required Documents for Foreigners
For foreign entrepreneurs, the following documents must be submitted:
- Passport copy
- Proof of overseas residential address
- Additional Know-Your-Client (KYC) documents, such as bank reference letters and personal or business profiles
For corporate shareholders, additional documents like the Certificate of Incorporation and Memorandum & Articles of Association will be needed. Non-English documents must be translated into English.
Why Choose Singapore To Establish Your Company as a Foreigner?
Before we get into the nitty-gritty of registering your company, let’s talk about why Singapore is such an attractive destination for business owners.
- Strategic Location: Situated in the heart of Asia, Singapore offers excellent access to key markets in the region.
- Pro-Business Environment: With minimal red tape, low corruption, and an efficient government, setting up a business is straightforward.
- Low Taxes: Singapore’s tax regime is one of the most competitive globally, with corporate tax rates capped at 17%.
- Robust Infrastructure: The city boasts world-class infrastructure and a highly skilled workforce.
- Start-Up Ecosystem: Numerous incentives and grants are available to support start-ups and SMEs.
Whether you’re planning to launch a tech start-up or establish a regional headquarters, Singapore provides the perfect ecosystem to help your business thrive.
Requirements for Singapore Company Registration for Foreigners
To kickstart your journey, it’s essential to understand the basic requirements for company registration in Singapore for foreigners:
- Type of Business Entity:
- The most common choice for foreign entrepreneurs is a Private Limited Company (Pte Ltd). It offers limited liability, tax benefits, and scalability. If you’re wondering how to register a Pte Ltd company in Singapore, this guide covers all the steps.
- Local Director:
- Every Singapore-registered company must have at least one local director who is a Singapore citizen, permanent resident, or holder of an EntrePass, Employment Pass, or Dependent Pass.
- Company Secretary:
- A company secretary must be appointed within six months of incorporation. The secretary must be a Singapore resident and cannot also serve as the sole director.
- Minimum Paid-Up Capital:
- The minimum paid-up capital required is just S$1, though you can increase this amount depending on your business needs.
- Registered Office Address:
- Your company must have a local registered address. Virtual office services are an option if you don’t need a physical workspace initially.
- Shareholders:
- A Pte Ltd company can have up to 50 shareholders, including foreign and corporate shareholders.
Foreigners looking to set up their business in Singapore often seek a hassle-free process free of corruption and red-tapism. Singapore’s government has streamlined the registration process for foreigners, making it simple and efficient.
Information and Documents Required for Company Incorporation
To register a company in Singapore, you will need to provide the following information and documents:
General Requirements
- Name of the Company
- Brief Description of Business Activities
- Details of the Shareholders
- Details of the Directors
- Registered Address (Local)
- Details of the Company Secretary and Other Key Personnel
- Memorandum and Articles of Association (MAA). ACRA provides the standard format for this document.
Non-Residents (Foreigners):
- Copy of your passport
- Overseas residential address proof
- Other Know-Your-Client (KYC) information such as a bank reference letter, personal and business profile, etc.
Singapore Residents:
- Copy of your SingPass – Singapore Identity Card
Corporate Entity Shareholders:
- Certificate of Incorporation
- Memorandum & Articles of Association
If any of these documents are in a language other than English, they must be officially translated into English before submission.
Registration Procedure and Timeline
Singapore’s Accounting and Corporate Regulatory Authority (ACRA) operates a fully computerized system that enables quick and efficient company registration. Here’s what the process looks like:
Step 1: Choosing a Business Name
Select a name for your business that reflects your brand and aligns with the nature of your activities. Run the name through ACRA’s BizFile+ portal to check for availability. The name will be approved within a day unless it:
- Is identical to an already registered name in Singapore
- Contains terms that are vulgar, offensive, or obscene
- Includes words that require additional approval from relevant authorities (e.g., “bank” or “education”)
The name reservation fee is S$15, and once approved, it will be reserved for 120 days.
Step 2: Specifying Business Activities
Define your primary and secondary business activities by selecting the appropriate Singapore Standard Industrial Classification (SSIC) codes. These codes ensure that your company’s operations are accurately categorized.
Step 3: Submitting Incorporation Documents
Once the business name is approved, prepare and submit the necessary documents. ACRA will review and process your application. For foreigners, hiring a professional services provider like Bizsquare is crucial as they can access the BizFile+ portal on your behalf and ensure compliance with all requirements.
Step 4: Registration Fees
The total fee for company registration is S$315, which includes S$15 for name reservation and S$300 for incorporation.
Step 5: Processing Time
Most applications are processed within 1-2 business days. However, additional time may be required if the application needs to be referred to other government agencies for approval.
Documents Issued Post-Registration
Upon successful registration, ACRA will issue the following documents:
- Certificate of Incorporation:
- This is sent electronically and serves as legal proof of your company’s registration. Hard copies are available for S$50 upon request.
- Company Business Profile:
- This document, available for S$16.50, includes:
- Company name and registration number
- Incorporation date
- Principal activities
- Paid-up capital
- Registered office address
- Details of shareholders, directors, and company secretary
- This document, available for S$16.50, includes:
Post-Incorporation Tasks
After completing the Singapore company registration, there are a few additional steps to operationalize your business:
- Open a Corporate Bank Account:
- Choose from reputable banks like DBS, UOB, or OCBC. Your presence may be required during account opening, depending on the bank.
- Register for GST (if applicable):
- If your projected annual turnover exceeds S$1 million, you must register for Goods and Services Tax (GST).
- Obtain Licenses and Permits:
- Certain industries, like food and beverage or education, require additional licenses. Consult your Singapore company registration agent for guidance.
- Compliance and Reporting:
- File annual returns with ACRA and comply with tax filing requirements under IRAS.
Tips on How Professional Singapore Company Registration Agents Can Simplify the Process for You
Navigating the complexities of Singapore company registration foreigners can be challenging, but engaging a professional agent can significantly ease the process. Here are some ways they can help:
- Expert Guidance on Compliance:
- Professional agents are well-versed in Singapore’s regulatory framework. They ensure your business meets all legal requirements, from appointing a local director to filing the correct documents with ACRA.
- Seamless Documentation Handling:
- Preparing the necessary documents for incorporation can be time-consuming. Agents streamline this process by gathering, reviewing, and submitting your paperwork accurately and on time.
- Access to the BizFile+ Portal:
- Foreign entrepreneurs without a SingPass cannot directly access ACRA’s BizFile+ system. Agents act as intermediaries, managing the registration process on your behalf.
- Nominee Director Services:
- If you don’t know a local resident who can serve as your director, many agents, like Bizsquare, offer nominee director services to help you meet legal requirements.
- Tax and Accounting Support:
- Many registration agents also provide additional services such as bookkeeping, tax filing, and payroll management to keep your business compliant post-registration.
- Time and Cost Efficiency:
- By handling the administrative and regulatory aspects of incorporation, agents free up your time, allowing you to focus on growing your business. Their expertise also minimizes costly errors.
- Ongoing Support:
- Beyond incorporation, agents provide ongoing compliance services, including annual returns, GST registration, and license applications, ensuring your business stays in good standing.
Benefits of Hiring Singapore Company Incorporation Services
Navigating the complexities of Singapore company registration for foreigners can be challenging. Here’s why engaging professional Singapore company incorporation services is a smart move:
- Compliance: Avoid costly mistakes by ensuring all legal requirements are met.
- Efficiency: Save time by letting experts handle the paperwork and registration process.
- Advisory Services: Get valuable advice on tax planning, business structure, and licensing.
Starting a business in Singapore as a foreigner is a straightforward and rewarding process if you have the right guidance.
By understanding the requirements, leveraging professional Singapore company incorporation services, and adhering to compliance standards, you can establish your business quickly and focus on growth.
Whether you need help with how to register a Pte Ltd company in Singapore or ongoing compliance, working with a trusted Singapore company registration agent ensures a hassle-free experience. Here’s to your entrepreneurial success in one of the world’s most dynamic business hubs!
How to Check Company Registration in Singapore
Verifying the legitimacy of a company is essential for due diligence, whether you’re a potential business partner or a prospective client. Singapore offers robust tools to check company registration details. This section explains how to verify a company’s registration status using ACRA’s online systems and how Bizsquare can help you with this process if needed.
1. Using the ACRA BizFile+ Portal
The primary tool for verifying company registration in Singapore is the BizFile+ portal provided by ACRA. Here’s how to use it:
-
Step 1: Access the Portal:
Visit the ACRA website and navigate to the BizFile+ portal. -
Step 2: Search by Company Name or Unique Entity Number (UEN):
Enter the company name or UEN to retrieve detailed information. The results will show key details such as the incorporation date, current status (live, deregistered, etc.), and the registered office address. -
Step 3: Review the Business Profile:
For a comprehensive view, you can order an official Business Profile. This profile includes detailed data on shareholders, directors, and business activities, which is useful for verifying the company’s legitimacy.
2. Step-by-Step Verification Process
For those who are unfamiliar with the system, here is a concise step-by-step guide:
- Navigate to ACRA’s BizFile+:
Open your web browser and visit the BizFile+ portal. - Input the Relevant Search Criteria:
Use the company name or UEN as your search parameter. - Examine the Returned Data:
Check for the company’s status, registration date, and other critical information. - Order the Business Profile (if needed):
If you require more detailed information, order the Business Profile for a nominal fee.
3. Ensuring Due Diligence
Regularly checking the registration status of a company is a best practice that helps in:
- Fraud Prevention:
Confirming that your business partners or suppliers are legally registered and compliant. - Verifying Credibility:
Ensuring that a company’s details (such as its directors and registered address) are accurate. - Maintaining Compliance:
For businesses that work with multiple partners, verifying their registration status helps in risk management.
4. Bizsquare’s Role in Verification
If you’re ever in doubt about the registration status or need assistance interpreting the details from the BizFile+ portal, Bizsquare is available to help. Their team of experts can:
- Provide insights on the registration data.
- Assist in interpreting the company’s Business Profile.
- Offer ongoing support to ensure that you are always dealing with compliant and verified entities.
By relying on the tools provided by ACRA—and supplementing them with expert advice from Bizsquare—you can be confident in the legitimacy and operational status of any Singapore-registered company.
Conclusion
In conclusion, I’m thrilled to share that starting your business in Singapore is not only achievable—it’s an exciting journey filled with clear, step‐by‐step guidance. From understanding the transparent cost structure to meeting local compliance requirements and ensuring seamless company verification, every aspect of Singapore company registration has been designed to support your entrepreneurial vision.
I truly believe that with the right preparation and expert support, you can set a solid foundation for success. At Bizsquare, I take pride in offering a comprehensive range of services tailored specifically to your incorporation needs. I provide end-to-end assistance—from document preparation, name reservation, and nominee director services to ongoing compliance and corporate secretarial support—ensuring that every detail is handled efficiently and professionally.
If you’re ready to transform your business ideas into reality and experience a smooth, hassle-free registration process in Singapore, please click Contact Us to get started. I look forward to partnering with you on your entrepreneurial journey!