Company Registration in Singapore: A Complete 2025 Guide

Expanding your business to Asia? Singapore consistently ranks among the top global destinations for starting a business, thanks to its pro-business environment, low tax rates, and transparent regulatory framework. However, many entrepreneurs underestimate the complexity behind company registration in Singapore. This guide outlines the key challenges, step-by-step process, and how ASC Group can simplify your Singapore company registration journey in 2025.

Why Singapore is Ideal for Business

Before diving into registration, here are a few reasons why Singapore is a top business hub:

• 100% foreign ownership allowed
• Tax-friendly policies with corporate tax capped at 17%
• No dividend or capital gains tax
• Strong IP protection and legal system
• Strategic location in Southeast Asia for global trade

These advantages make business registration in Singapore appealing for startups, SMEs, and multinational corporations alike.

Common Challenges in Company Registration in Singapore

While the process seems straightforward, foreign business owners may face the following challenges:

• Legal and regulatory hurdles unfamiliar to non-residents
• Choosing the correct business structure
• Finding a local resident director, as required by Singapore law
• Opening a corporate bank account, which involves strict due diligence
• Staying compliant with ongoing statutory requirements

ASC Group helps resolve these issues by offering end-to-end support with transparency, expertise, and efficiency.

How ASC Group Can Help

With over a decade of experience in business advisory services, ASC Group offers tailored assistance to streamline your Business Registration Singapore:

• Business structure advisory based on your goals
• Nominee Director Services to meet statutory requirements
• Document preparation and ACRA filing
• Corporate bank account setup assistance
• Compliance and taxation support post-registration

Our expert consultants simplify complexities and ensure your business is up and running smoothly in Singapore.

Step-by-Step Process for Company Registration in Singapore

1. Choose a Business Structure

Problem: Selecting the wrong structure can affect taxes, liability, and scalability.Solution: ASC Group helps you choose the best structure:

• Private Limited Company (most popular)
• Sole Proprietorship
• Partnership

Recommended: Private Limited Company due to limited liability and ease of raising capital.

2. Reserve Your Company Name

• Must be unique and approved by ACRA (Accounting and Corporate Regulatory Authority)
• Cannot infringe on trademarks or contain prohibited terms

ASC Group conducts name checks and reserves your business name within hours.

3. Appoint Directors and Company Secretary

• At least one local resident director is mandatory
• Company secretary must be appointed within 6 months

We offer Nominee Director services to comply with Singapore's legal framework.

4. Prepare Incorporation Documents

You will need:

• Company name approval notice
• Company constitution
• Consent to act as director (Form 45)
• Details of shareholders, directors, and company secretary

ASC Group prepares all necessary documents and handles the submission process.

5. Register with ACRA

• Filing is done online via BizFile+ portal
• Usually completed within 1–2 business days

Upon successful registration, you'll receive:

• Business Profile from ACRA
• Unique Entity Number (UEN)

6. Open a Corporate Bank Account

Problem: Some banks have strict compliance and may require in-person visits.Solution: ASC Group has tie-ups with major banks and assists in:

• Selecting the right bank
• Preparing the documentation
• Coordinating appointments or virtual verifications

7. Obtain Necessary Business Licenses (If Applicable)

Depending on your business type, you may require:

• F&B License
• Import/Export Permit
• Financial Services License

ASC Group helps you identify licensing requirements and obtain approvals efficiently.

8. Register for Taxes

• GST registration (mandatory if annual turnover exceeds SGD 1 million)
• Corporate income tax registration with IRAS

We ensure you meet tax deadlines and benefit from tax incentives under Singapore law.

Post-Incorporation Compliance

Even after successful business registration in Singapore, companies must:

• Hold Annual General Meetings (AGMs)
• File annual returns with ACRA
• Maintain proper accounting records
• Submit tax returns to IRAS

ASC Group offers ongoing compliance services so you can focus on growing your business.

Why Choose ASC Group for Singapore Company Registration?

• 10+ years of expertise in international company formation
• In-depth knowledge of ACRA, IRAS, and compliance frameworks
• Local team support and global business mindset
• Transparent pricing with no hidden costs

Whether you're a startup founder or a global investor, ASC Group makes company registration in Singapore a seamless experience.

Conclusion

While Singapore company registration is easier compared to many countries, having expert guidance ensures you don't overlook crucial legal and operational aspects. ASC Group empowers entrepreneurs by offering comprehensive support at every stage—from planning and documentation to banking and compliance. Ready to begin your journey? LetOriginal Source