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Home > How To Guides > Setting Up a Local Company > Incorporating a company
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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

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.
    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 Approval 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 60 days from the name application approval date.

Company name reservation

An approved company name will be reserved for 60 days from the date of name application. If you need more time to incorporate the company, you can extend the reservation of the approved company name via BizFile+ for another 60 days. There is no fee payable for this transaction. 

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.

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Last Updated/ reviewed On 3 Jan 2016   Rate This Site