Planning to register a company in Singapore from India? Check out this informative blog to get familiarised with the Singaporean company registration process, required documents, benefits of registering a company in Singapore and more related details.
Introduction:-
Whether you are looking to start your new company aboard or expand your existing business internationally, then Singapore is one of the best countries to start your business.
Known for its investment-friendly laws and ease of executing business, you can now easily boost your business presence and gain worldwide exposure by entering the Singapore business market.
Suppose you are wondering whether you can Register a Company in Singapore from India. In that case, you can be assured it is quite easy to register your company and start your business in Singapore. You can incorporate your company in Singapore right from India by getting the assistance of a local business expert.
However, while it takes less time to register your Singaporean company, one should note that various rules and regulations are to be followed. These formalities and compliances can be quite daunting to adhere to. However, with the help of expert guidance and professional supervision, you can register your company in Singapore worry-free. Get your company registered in Singapore from India hassle-free by contacting professionals at VakilSearch. Make Online Company Registration in Singapore Quickly with help of Expert’s advice.
Various Forms of Singapore Business Establishments
Once you start your business by registering in Singapore, you can choose from different business establishments. One can choose from the desired business entity type and follow the minimum criteria to establish a successful company in Singapore through Accounting and Corporate Regulatory Authority (ACRA). Below are some of the major business establishment types available to you.
Major Forms of Singapore Business Establishment |
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| Type or Form of Business Setup | Nature of Business | Minimum Criteria Required for Particular Business Type |
| Private Limited Company | The members, director, and owners of the company have limited responsibility for the company’s debts. |
At least one corporate shareholder. One resident director. Minimum 1 SGD of paid-up capital. One company secretary (CS). Registered address in Singapore. |
| Subsidiary Company, | A holding company with control over a subsidiary company must have 10% of the control. The subsidiary company follows the same rules that apply to a private limited company. |
At least a single shareholder, a Single resident director and CS. Registered address in Singapore. Minimum paid-up share capital of 1 SGD. |
| Branch Office | This type of business establishment represents the non-Singapore-based growth of foreign entities. Here, tax exemptions might be limited. |
Single corporate shareholder. Local business agent. Registered address or PO box in Singapore. |
| Limited Liability Partnership | LLP enjoys the mixed benefits of a private limited company and a partnership firm. |
At least two partners are required to constitute a partnership firm. Full-time resident manager. Registered address in Singapore. |
| Representative Office | A temporary business type which enables the foreign business to analyse the Singapore business market and interact with the locals to understand their preferences. |
The business representative office must contain not more than five employees workforce. The sales turnover should be more than $2,50,000. Singapore employment pass is required for relocation to Singapore. |
Registration Process of a Company in Singapore
Following the selection of desired business establishment type, one has to make sure they possess all the required and supporting documents for the company registration process in Singapore. Here are some of the simple steps involved in the Singapore company registration process.
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Understanding and Adhering to Singapore’s business
Before proceeding to register a company in Singapore from India, one must understand the laws and statutes of Singapore country. One should also comply and adhere to the said laws for successful and complete business registration.
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Title of the company
After deciding the business establishment type and possessing all the required documents, one has to fix the name or title of the company.
The company’s name should be in-line with the business regulations of Singapore country, and the concerned name should not be similar to the registered names in the trade register. Further, the company name will be approved by the ACRA.
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Filing of Company Registration Application with Authority
Following the confirmation of the important criteria involving company name, business type, supporting documents, consent of the directors and CS, now it’s time to file the company registration application with ACRA. One has to make sure to carry all the requisite documents for successful company registration. Now make your Singapore business registration process seamless and easy to comply with, with the assistance of the Vakilsearch team of experts. Contact us now!
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Successful Registration of Company
The competent authority, in this case, ACRA, if satisfied that the prospective company duly meets all the criteria, it approves the company registration, and the promoters can proceed with the incorporation of the company.
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Post-Registration Responsibilities
Once your Singapore company is registered and incorporated. Still, there are some compliances you have to follow. One of the important things your company should possess is a corporate bank account.
Make sure to open a bank account with Singapore’s local or international bank. You also have to get all the required licenses and permits along with GST registration. To expand your local presence and interact with the local customers and Singapore audience, build a unique and attractive website with a creative business logo.
You can use Vakilsearch’s business setup calculator to estimate how much investment you’ll need to start, hire, and maintain your business.
Important Documents for Singapore Company Registration
Here are some of the important documents required to register a company in Singapore from India.
- KYC details including bank reference letter and business profile with all the required details
- Passport copy and address proof
- Approval letter of company name
- Details relating to directors, shareholders, and company secretary
- ID copy of Singapore resident or local director
- MOA and AOA
- Details relating to the company’s official registered address
- Any other requisite documents as may be prescribed by the concerned law
Benefits of Registering Company in Singapore
Singapore is ranked as the best country for running a business by various international business surveys and reports. If you are looking to incorporate your own company newly or expand your existing business by penetrating new and challenging markets.
In that case, Singapore is arguably the perfect growth spot for emerging and existing businesses. Below are some of the advantages and benefits you can enjoy by registering a company in Singapore from India.
- Ease of running and maintaining the business
- Skilled labour availability
- Ranked as the second country in GTCI by INSEAD
- Investment and business-friendly legislation
- The competitive and challenging economy
- Strategic and ideal location for market penetration in the south-east Asian market
- Attractive tax exemptions and low corporate tax rates
Conclusion:-
These are some of the important criteria one should know before planning to register a company in Singapore from India. By now, one can have an idea regarding the types of company establishments in Singapore, the company registration process in Singapore and the documents required. One can enjoy various benefits by registering a company in Singapore.
Looking to register your company in Singapore from India? Look nowhere, contact us now and enjoy a seamless Singaporean company registration process under the guidance of professional experts.
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