How can I do New Company Registration in Singapore from India?

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Singapore, a Southeast Asian island nation, is a global financial hub and a launchpad for many successful businesses.  For Indian entrepreneurs looking to take their ventures international, Singapore offers a number of advantages. In this article, you will know the process of setting up a company in Singapore from India.

Stepwise Process to New Company Registration in Singapore from India

1. Choosing Your Company Structure

This depends on your industry, size, and ownership goals. The options include:

A) Registering Your Existing Company (Branch Office):

  • Ideal if you have an existing company in India and want to expand to Singapore.
  • You can set up a branch office or a representative office in Singapore.
  • This option involves registering with ACRA (Singapore’s business registration authority).
  • Expect to pay registration fees ranging from $300 to $1,000 SGD or more.
  • You’ll need to submit your company documents, applications, and fees.
  • Remember, Singapore requires a local representative for your branch office.

B) Starting a New Local Company:

  • This option is suitable if you’re looking for a fresh start in Singapore.
  • You’ll need to decide on a company structure (similar to choosing a business type in India). It means you will have to choose company structure from options such as
    • Sole proprietorship
    • Partnership
    • Limited Partnership
    • Limited Liability Partnership
    • Private Limited Company
  • This includes choosing a unique name, registering with ACRA, and securing a registered office address in Singapore.
  • Once established, your new Singapore company will require annual filings and fees. Most of the filing process can be done conveniently online.

2. Picking a Unique Business Name

Singapore requires a unique and catchy name for your company. You will need to check availability on the ACRA website (Singapore’s business registration authority) to avoid conflicts.

3. Registering with ACRA

This is the official Singapore Company Registration process. You can do it through two ways:

  • Online: Create an ACRA account, fill out applications, upload documents, and pay fees.
  • Offline: Download forms, get hard copies of documents, mail them to ACRA with the fee.

4. Paying Registration Fees

Fees vary based on your chosen structure. You’ll also incur annual fees after registration.

5. Opening a Corporate Bank Account

Your Singapore business needs a local corporate bank account. The bank will require your  Singapore company registration documents for verification.

Requirements to setup company in Singapore from India

When starting a Singapore company from India, there’s a crucial requirement: having a local resident involved in the company structure.  This resident can hold different roles depending on your chosen company type, such as:

  • Authorised Representative
  • General Partner (for partnerships)
  • Manager
  • Director

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Who can be your Local Representative?

Your local representative can be a Singapore citizen, permanent resident, or someone holding an EntrePass or Employment Pass visa.  It’s important for them to confirm their eligibility with the Ministry of Manpower (MOM) to ensure they can fulfil this role in your company.

Also Read:

Advantages of Incorporating Singapore Company 

Moreover, If you want any other guidance relating to Singapore Company Registration, please feel free to talk to our business advisors at 8881-069-069.

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