How to Register a Company in Singapore: Legal Requirements, Taxes, and Bank Registration

How to Register a Company in Singapore: Legal Requirements, Taxes, and Bank Registration

Singapore is a jurisdiction with a high level of legal protection, a predictable tax regime, and a developed banking infrastructure. Company registration is available to non-residents and can be completed entirely remotely.

Jurisprudential Consulting Group assists with company registration in Singapore: choosing a corporate structure, registration with ACRA, registration with IRAS, and banking support.

1. Registration from 1-3 business days
2. Possibility of preferential corporate tax
3. Comprehensive compliance support

Consultation cost from 250 euros

How to register a company in Singapore — this is a corporate planning issue in which the ownership structure, tax model, and readiness to undergo banking and regulatory compliance procedures are important.

Singapore operates on the basis of English common law, is included in OECD white list, complies with standards FATF, CRS, BEPS and is considered by banks and international counterparties as a “white” jurisdiction.

Therefore, a Singapore company is suitable as a basis international business, trading, IT and holding models.

Who is a Singapore company suitable for?

1. IT and SaaS companies with a global client base
2. International consulting and financial services
3. Trade and logistics operators
4. Startups attracting investment
5. Holdings for owning shares in European and Asian projects

Jurisdiction provides high reputation + tax flexibility + banking compatibility.

Corporate form and requirements

The company is registered as Private Limited Company (Pte. Ltd.).

During remote registration, a resident director is provided as part of the support team (Nominee Director) with legal restrictions and control of powers.

We offer a solution at the level of international standards

How to register a company: a step-by-step procedure

1. Formation of structure
   Definition of the role of director, shareholder, economic model.
2. KYC and document preparation
   Passport, proof of address, description of business, potential counterparties.
3. Submitting an application to ACRA via BizFile+
   Registration is done online.
4. Obtaining corporate documents:
   • Certificate of Incorporation
   • UEN (Unique Entity Number)
5. Tax registration (IRAS)
   Registration for corporate tax regime.
6. Opening a bank or EMI account
   Preparing a business dossier to meet compliance requirements.

Registration deadline - 1 to 3 working days.

Taxation in Singapore

Important: benefits are not automatic – a correct tax model and economic presence are required.

Banking service

Banks of Singapore:

1. DBS
2. OCBC
3. UOB
4. Standard Chartered

International EMI:

1. Airwallex
2. Wise Business
3. Aspire
4. Statrys

To successfully open an account you need:

1. business description;
2. transaction diagram;
3. confirmation of origin of funds;
4. financial model.

We are preparing compliance dossier, increasing the likelihood of approval.

Reporting and mandatory requirements

Every company is obliged to:

1. submit annual Annual returns in ACRA
2. file a tax return in IRAS
3. keep accounting records
4. undergo an audit (if the turnover exceeds the threshold)
5. follow AML/KYC/CRS Standards

Consistent reporting is key to maintaining banking services.