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How to Setup Company in Singapore? (Introduction)

Company SetupThe company setup services in Singapore are experiencing an upward surge due to its progressive business-friendly government policies, compelling tax rates, advanced infrastructure, and remarkable accessibility. Its political stability is another driving force behind the accelerating demands for new company setups in this nation.

Singapore, due to these advantageous conditions, has become a hotbed for business owners and investors both local and foreign, making it deserving of its title as the world’s best place for doing business as per the World Bank’s report.

Furthermore, Singapore’s robust trade ecosystem, backed by 76 Double Taxation Agreements (DTAs) and 20 Free Trade Agreements (FTAs), has expanded the trade horizons for businesses, exporters, and investors based here. They afford preferential access to certain sectors, while also offering safeguards for intellectual property and various concessions.

Therefore, planning a company setup in Singapore is a rational business decision. We provide comprehensive guides to help you navigate the process of starting a business in Singapore.

You must be thinking Why 3E Accounting’s Company Incorporation Package is the best in Singapore?

Our effort to remain as the Singapore leading corporate service provider has been widely recognised by the Authorities, Regulatory and Professional bodies.

Best Company Registration Specialist of the Year

We have been awarded as Singapore Brand Awards Winner, presented by Singapore Brand. We are being specially selected as the Best Company Registration Specialist of the Year in Singapore.

Corporate LiveWire Finance Awards Winner 2017

We have been awarded as one of the Finance Awards Winner 2017, presented by Corporate LiveWire. We are being specially selected as the Company Incorporation Services Provider of the Year in Singapore.

Select the Services that you require for Singapore Company Setup

Looking for Shelf Company that can be purchased for immediate operation, see the Shelf Company Listing for more information.

Company Setup in Singapore

Now you ask, how to start a business in Singapore?

To make your wish to start a business in Singapore come to real, 3E Accounting Pte Ltd is here ready to give a hand. 3E Accounting Pte Ltd is a leading company in Singapore that offers a full array of services of a new company set up in Singapore at the most competitive prices. As a premier company in the industry, we have excellent expertise to get you an incorporated company that complies with all existing statutes, regulations, and laws. With us, you can invest your time thinking of more practical issues of your business such as strategic planning, financing, marketing, and operations.

At 3E Accounting Pte Ltd, we provide the following company setup services.

 

#1. Incorporation Services

To start a business in Singapore and get started right away with the day-to-day business operations, you are required to incorporate your company. We offer you several business formation packages to choose with each of them having specific business conditions to meet: Local Entrepreneur, Foreign Entrepreneur Without Relocation, Foreign Entrepreneur With Employment Pass, and Foreign Entrepreneur with EntrePass. There is always a perfect package for every entrepreneur.

 

#2. Nominee Director Service

According to the Singapore Companies Act, all Singapore private limited companies, or PLCs, are required to have at least one ordinarily resident of Singapore who acts as a director. If you do not have a candidate to sit in the position, you can use our Nominee Director Service that will provide your company with a local nominee director that meets conditions required by the regulations. Our nominee director service can be terminated any time upon your request.

Nominee Director Service

 

#3. Nominee Shareholder Service

According to the Singapore Companies Act, all Singapore private limited companies, or PLCs, are required to have at least one individual or corporation which acts as a shareholder. Due to the transparency requirement by the Singapore Authorities, we are no longer providing nominee shareholder service to our clients.

 

#4. Business License Application

Certain types of business, such as those in food businesses, private schools, employment agencies, travel agencies, moneylenders, banks, childcare centres, and liquor distributors, need a license/ permit as one of the requirements for registration in the Accounting and Corporate Regulatory Authority (ACRA). In the process, your company must appoint an executive local director to act for your company and sign any associated documents during the license application. Our business license application service will make the whole process a lot simpler and easier until the end.

Business License Application

 

#5. Bank Account Opening

To make a corporate bank account in Singapore, there are many conditions to meet. The conditions include the physical presence of the account directors and signatories in Singapore for the signing of official documents associated with the bank account opening. The whole process will take weeks to months which can be really frustrating time without a bank account opening service. If you want your bank account opening process to be hassle-free, engage our services of a new company set up in Singapore, particularly our bank account opening service.

 

#6. Singapore Business Support Services

Singapore has always been the favourite investment destination for companies looking to expand in the region due to its low corporate tax rates, integrity, high productivity as well as the highly skilled human resources. 3E Accounting Singapore provides all the corporate support services and company support services for starting up your business in Singapore.

 

#7. Micro SMEs Solutions in Singapore

At 3E Accounting, we are here to help you to kick-start the business, equip you with professional advice and steer the right direction to grow your business. Our end-to-end services will support you from the very beginning to end. In other words, there is no need to switch to another service provider even when your company grew bigger.

 

#8. Setting Up a Family Office in Singapore

Singapore is well-known as one of Asia’s leading financial business hubs. In fact, Singapore’s reputation has grown not just in Asia but in the world. Investors have flocked to this business epicentre for decades, and they continue to do so, especially to set up a Family Office in Singapore.

3E Accounting provide Company Setup Services for your businesses in Singapore

To engage with the reliable services of a new company set up in Singapore, please contact us via email.