Company Incorporation for Foreigners

Setting up a company in a foreign country can be challenging. Often, the lack of knowledge on the process and ongoing compliance requirements are part of the reason to hold you back. However, with the right corporate service provider, Company Incorporation for Foreigners can be straightforward. You will have the know-how solutions so that you can have peace of mind when you set up your company with us.

As many are aware, Singapore is a fantastic country to do business. With its political stability, strong economic position, security, and highly-skilled employees attract global organisations to establish its foothold in Singapore.

The minimum requirement to set up a private limited company:

  • At least 1 shareholder (100% Foreign shareholding is permitted and the shareholder can be either an individual or a corporate entity)
  • One local resident director
  • One local resident company secretary
  • Minimum initial paid-up share capital of S$1.00
  • A local registered address

Company Incorporation Process:

Generally, you do not need to be present in Singapore for the company incorporation. We will communicate the details via email and get the documents signed digitally.

Prior to the incorporation, we are required to perform the client due diligence and risk assessment. You will need to provide the following:

  • Complete the client due diligence form
  • Notarised Passport copy and Proof of address
  • Complete the incorporation form

Once we have the complete sets of documents, we will proceed with the application to incorporate the company with ACRA within a day.

Nominee Director Services

The requirement to have a local resident director is often a huddle to many. A nominee director is the same as a non-executive director, whereby they do not have the authority to manage the company and operations. Setting up the corporate bank account or endorsing of a contract will be only executed by the Managing director of the company.

We offer short or long term nominee director services at yearly rates. Do contact us for the rates.

Provision of Registered Address

In the initial phases of the company, having an office may not be necessary. Besides that, trying to find a suitable office space may take longer than you expected. Therefore, we offer registered address services. You can use our office address as your company registered address for mailing and official requirements. We offer short or long term registered address services at yearly rates. Do contact us for the rates.

Company Secretary Services

A company secretary is responsible to ensure that the director is complying with the ongoing compliance requirements. Such as filing the annual return, maintaining of the company registers, and also drafting of resolutions. It is also mandatory to have a Company Secretary within 6 months from incorporation.

The majority of the companies in Singapore outsource the company secretarial services to a corporate service provider like us. With our experiences in this space, you can expect full compliance to the authority.

Employment Pass Application

After the company is incorporated, you may want to work in Singapore to manage your business. However, working in Singapore required certain work pass such as an Employment Pass. The Employment Pass is suitable for individuals at the management level such as the director of the company. Unlike work permit and SPass, Employment Pass does not require the company to have any quota and foreign worker levy.

Ongoing Compliance

Besides driving the business, the director is also responsible to comply with the annual statutory filing. Every year, the company is required to submit the annual return to ACRA and tax submission to IRAS timely. Our Annual Compliance Package cover both ACRA and IRAS statutory requirements and you can rest assured that no due dates will be missed.

Do contact us for a detailed discussion and we are happy to advise you regarding the company incorporation for foreigners. Thank you.