Incorporating in Singapore is straightforward. However, we advise all of our clients to consider the legal and regulatory aspects of the jurisdiction prior to incorporating in Singapore. The following is an overview of Singapore company law and procedures relating to incorporating in Singapore:

Prior to incorporating in Singapore, our client and Healy Consultants agree the Singapore company name and corporate structure, including shareholders and directors.

When incorporating in Singapore, every company is required to have at least one resident director. Please refer to the Accounting and Corporate Regulatory Authority (ACRA) website for further information.

When incorporating in Singapore, every company is required to have one shareholder. Corporate shareholders are permitted.

Prior to incorporating in Singapore, Healy Consultants prepares Singapore company registration documents for our client's signature and return to our Singapore office.

When incorporating in Singapore, every Singapore company is required to appoint a company secretary (either a natural person or a body corporate) who is resident in Singapore. If the company has just one director, that person cannot be the company secretary. Please refer to the Accounting and Corporate Regulatory Authority (ACRA) website.

When incorporating in Singapore, a Singapore company is required to have a registered office in Singapore to which all correspondence is addressed. Please refer to the Accounting and Corporate Regulatory Authority (ACRA) website.

During the process of incorporating in Singapore, Healy Consultants liaises with the Singapore Registrar of Companies to complete Singapore company registration.

After incorporating in Singapore, Healy Consultants provides our client a complete company kit including i) original Certificate of Incorporation ii) a bound copy of a Government approved Memorandum & Articles iii) original share certificates iv) an extract from the Singapore public register illustrating company details available for public viewing and v) an original Government receipt as evidence of payment of annual license fees.

After incorporating in Singapore, a company is required to maintain accounting and other financial records, including profit and loss accounts and balance sheets.

If incorporating in Singapore, a company is exempt from an annual audit if its annual turnover does not exceed S$5 million (approximately US$3.1 million) or if it is a dormant company. The exception to this rule is if the Singapore company has corporate shareholders.

After incorporating in Singapore, the following particulars are available for public viewing on the Singapore Accounting and Corporate Regulatory Authority (ACRA) website:

Certificate of Incorporation;

Particulars of the directors, company secretary and registered office and;

Share capital structure and shareholding information.

For more information on incorporating in Singapore, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.