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Setting Up a Local Company

Requirements, steps and fees for incorporating a local company using BizFile+.

Relevant to:
Local CompaniesForeign CompaniesStart-ups
Stage:
Before Starting Up

Incorporating a company


Watch a video summary on how to incorporate a company

To set up a company and start doing business in Singapore, a company must first be incorporated. To do so, one must submit an application online via BizFile+ upon the approval of its name.

How to register

All applications for the registration of a new company must be submitted online via BizFile+, ACRA's electronic filing and information retrieval system. You can incorporate a company in the following ways: 

    1. Log into BizFile+ using your SingPass or CorpPass to submit the online transaction. All proposed director/shareholder/secretary need to endorse their consent online via BizFile+.
    2. Engage the services of a registered filing agent (e.g. law firm, accounting firm or corporate secretarial firm) to submit an online application on your behalf.

Registration Fee

Name Application Fee  

$15

Registration Fee 

$300 

Total $315

Processing Time

The application is usually processed within 15 minutes after the name application fee is paid. 

It may take between 14 days to 2 months if the application needs to be referred to another agency for approval or review. For example, if the intention of the company is to carry out activities involving the setting up of a private school, the application will be referred to the Ministry of Education. 

For more information on the different referral authorities, please access this link: Referral Authorities

The company may commence business once it is registered with ACRA. This is on condition that the company does not require any licences/approvals from other government agencies in order to carry out the business activities.

Model Constitution

Section 19(1) of the Companies Act requires the Constitution of the proposed company to be submitted to the Registrar.  If it is a private company limited by shares, Section 18 of the Companies Act requires the company’s Constitution to (1) restrict the right to transfer its shares, and (2) limit its members to 50 at most. 

To access the model constitution, please click here.

Endorsement for company incorporation

A company incorporated by the directors themselves will require the proposed director/secretary/shareholder to endorse their consent online via BizFile+ within 120 days from the name application approval date.

Company name reservation

An approved company name will be reserved for 120 days from the date of name approval. No further extension of name reservation period is allowed. 

Alternate address

The directors and other company officers may report an alternate address with the Registrar at a fee of $40. The alternate address must be located in the same jurisdiction as the individual’s residential address. Therefore if the officer is locally resident, his alternate address cannot be a foreign address. The alternate address cannot be a P.O. Box address and must be an address where the person can be contacted.

Unique Entity Number (UEN)

Upon successful incorporation, each company will be issued with a system-generated Unique Entity Number (UEN).  The UEN is an identification number that all business entities need to use when transacting with government agencies.

Special UEN (SUN)

The Special UEN (SUN) service offers entity owners the option to choose, at a fee, a preferred UEN from a list of reserved UENs when incorporating the company.  There are 2 categories available – Tier 1 number at $3,000 and Tier 2 number at $1,000. Those who do not wish to opt for the SUN service will be issued with a free system-generated UEN.

For more information, please visit here .

Free Business Profile

From 2 June 2017, all newly incorporated companies will receive a free Business Profile – an electronic report containing business registration information of that entity. Upon successful incorporation of the company, an email with a URL to download the free Business Profile will be sent to the person who filed the incorporation.

For more information, visit www.acra.gov.sg/Free_Business_Profiles.

Copyright © 2018 Accounting and Corporate Regulatory Authority.All Rights Reserved.
Last Updated/ reviewed On 3 Jan 2016