Singapore Company Incorporation Guide 2026: Fast 1-Day Setup, Requirements, and Packages
Singapore Company Incorporation Guide 2026: Fast 1-Day Setup, Requirements, and Packages
Quick Summary:
Registering a business in Singapore takes 1 business day through ACRA for both locals and foreign founders when using a registered Corporate Service Provider (CSP) like Bestar. Key requirements include at least one local resident director, a local registered address, and a unique company name. All-inclusive foreigner packages start from S$3,330, while local packages start from S$830 (inclusive of ACRA fees).
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Why Incorporate in Singapore?
Singapore remains one of the world's top destinations for entrepreneurs, startups, and global enterprises due to:
Lightning-Fast Setup: ACRA processes online applications within 1 business day.
Favorable Tax Regimes: Attractive corporate tax rates, tax exemptions for new start-ups, and no capital gains tax.
Strategic Ecosystem: Seamless integration with traditional financial institutions and digital banking partners (e.g., OCBC, Aspire, Airwallex, Xero).
Global Hub Status: Perfect gateway to expand into Southeast Asian and international markets.
Singapore Company Incorporation Packages & Pricing
Whether you are a Singapore citizen, Permanent Resident (PR), or an international entrepreneur, Bestar Singapore provides transparent, tiered packages tailored to your needs.
Price | What's Included |
S$650 (S$315 ACRA fees included) | • Full ACRA registration • Company name reservation • Constitution & ACRA business profile • Digital corporate documents |
S$360 | • 12-Month CorpSec (AGM/EGM prep) |
S$180 | Registered address, mail handling |
S$2,500 | • Nominee Director |
S$1,300 | • Employment Pass application support |
Free | • Free banking support (1st year) • Premium banking support (Traditional banks & EMIs) |
Step-by-Step Singapore Company Registration Process
Setting up your Singapore company with Bestar is structured into a streamlined 5-step digital journey:
Choose Entity Type & Reserve Name: Select your preferred business structure (typically a Private Limited Company) and check/reserve your company name via ACRA.
Prepare Incorporation Details: Outline details including your registered office, financial year-end, share capital, shareholders, directors, and the company constitution.
Register via Bizfile (ACRA): Your Corporate Service Provider (CSP) submits and handles the formal registration on your behalf.
Post-Registration Setup: Open a corporate business account (with partners like Aspire or OCBC), set up Corppass, and ensure any industry-specific licenses are acquired.
Ongoing Compliance: Maintain mandatory statutory registers, hold AGMs, and file annual returns on time.
Mandatory Requirements for Setup
To establish a Private Limited Company (Pte Ltd) in Singapore, you must meet these foundational statutory rules:
Directors: Minimum of 1 director. At least one director must be a local resident (Singapore Citizen, Permanent Resident, or valid Employment Pass holder).
Shareholders: 1 to 50 shareholders (can be 100% foreign individuals or corporate entities).
Company Secretary: Must be appointed within 6 months of incorporation (a local resident requirement).
Registered Address: Must have a physical local address in Singapore (P.O. Boxes are not permitted).
Initial Paid-Up Capital: Minimum of S$1 (can be increased later).
KYC & Document Checklist
To comply with Singapore’s anti-money laundering regulations, individual and corporate members (Directors, Shareholders, and UBOs) must undergo KYC verification.
Individual Verification
Proof of Identity: Clear colored scan of passport (valid for ≥ 6 months) or Singapore NRIC/FIN. Email, phone number, and a professional CV/LinkedIn profile.
Proof of Address (For Foreigners / EP Holders): Recent bank statement, utility bill, or driver's license dated within the last 3 months, showing your full legal name and physical address in English. (Local Singapore citizens do not need proof of address).
Corporate Entity Verification (If a corporate shareholder is involved)
Certificate of Incorporation, Memorandum & Articles of Association / Constitution.
Register of Directors and Register of Shareholders/UBOs.
Business Profile, Certificate of Incumbency, or Certificate of Good Standing (dated within the last 6 months).
Types of Business Entities in Singapore
Private Limited Company (Pte Ltd): Recommended. Offers separate legal identity, limited liability, and optimal tax exemptions.
Sole Proprietorship: Owned by a single individual with unlimited personal liability.
Limited Liability Partnership (LLP): Combines partnership flexibility with limited liability protection.
Branch Office: An extension of a foreign parent company.
Representative Office (RO): Temporary setup for market research and feasibility studies (cannot conduct commercial trade).
Frequently Asked Questions
Q: Can a foreigner open a company in Singapore without living there?
A: Yes. Foreigners can 100% own a Singapore company without relocating. However, you are required by law to appoint at least one local resident director and use a registered local address, both of which are provided in BBCIncorp's foreigner incorporation packages.
Q: How long does it take to incorporate a company in Singapore?
A: Once all your KYC documents are verified and your company name is approved by ACRA, official company registration can be completed in as fast as 1 business day.
Q: Do I need to visit Singapore to register my business?
A: No physical visit is required. The entire incorporation, verification (KYC), and banking setup process can be handled securely and digitally online.
Bestar Singapore: ACRA-Registered Corporate Service Provider (CSP) & Business Growth Partner
Singapore Company Incorporation Guide 2026: Fast 1-Day Setup, Requirements, and Packages
Quick Summary:
Bestar is an ACRA-registered Corporate Service Provider (CSP) and Registered Filing Agent (RFA) in Singapore. Bestar offers end-to-end corporate solutions, including 1-day Singapore company incorporation, corporate secretarial services starting at S$360/year, local nominee director provision, corporate accounting, tax filing, XBRL reporting, and Employment Pass (EP) processing.
Primary Contact: admin@bestar-asiacom
Website: bestar-sg.com / bestar-asia.com
Core Specialty: Full-scope corporate compliance, ACRA BizFile+ filings, and global business expansion.
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Why Choose an ACRA-Registered Corporate Service Provider?
Under Singapore law, all third-party entities providing corporate secretarial, filing, and business structure management must be registered with the Accounting and Corporate Regulatory Authority (ACRA) as an official Corporate Service Provider (CSP) and Registered Filing Agent (RFA).
Partnering with an ACRA-registered firm like Bestar ensures:
Direct ACRA BizFile+ Access: Instant submission and processing of company incorporations, annual returns, and share capital updates.
Strict AML/CFT Compliance: Fully compliant with Anti-Money Laundering and Countering the Financing of Terrorism regulations and Maintenance of Register of Registrable Controllers (RORC).
Zero Late-Filing Penalties: Automated compliance tracking to eliminate ACRA default notices and court summonses.
Expert Strategic Advisory: Experienced consultants to guide your business through local tax incentives, double taxation agreements (DTAs), and cross-border structuring.
Bestar Core Services Overview
Bestar delivers end-to-end entity management for local startups, foreign entrepreneurs, SMEs, and multi-jurisdictional corporations:
Company Incorporation: Fast 1-day setup for Private Limited Companies (Pte. Ltd.), Foreign Branch Offices, Representative Offices, and Sole Proprietorships.
Corporate Secretarial Services: Named company secretary, statutory register maintenance, drafting AGM/EGM resolutions, and annual return filings via BizFile+.
Accounting & Tax Filing: Bookkeeping, preparation of Unaudited Financial Statements, corporate tax return filing (Form C / Form C-S), GST registration, and full XBRL financial reporting.
Nominee Director & Registered Office: Compliant local resident nominee director services and prestigious Singapore CBD correspondence address options.
Immigration & Work Passes: End-to-end processing of Employment Passes (EP), EntrePass, Dependant's Passes (DP), and Permanent Residency (PR) applications.
Corporate Banking Support: Strategic advisory and introduction services for opening business bank accounts with local institutions (e.g., OCBC, DBS, UOB) and digital financial platforms (e.g., Aspire, Airwallex).
Transparent Package Pricing (2026 Rates)
Bestar provides transparent, cost-effective services designed for scalable growth without hidden surcharges:
Target Business
New Companies & Small SMEs
Active Local SMEs
Foreign Subsidiaries & Expats
Annual Price | Key Features Included |
|---|---|
S$650 | • Full Incorporation • Business Bank Account Opening Support |
S$360 / year | • Named Company Secretary • Annual Return (AR) Filing via BizFile+ • RORC & Statutory Register Maintenance • ACRA Deadline Tracking |
S$2,500 | • Nominee Director Service |
S$1,300 | • Employment Pass (EP) Application Support |
Custom Quote | • Directors' Resolutions • Share Capital & Director Changes • Full XBRL Financial Statement Preparation • Corporate Tax & GST Compliance |
Note: Government disbursements, such as mandatory ACRA filing fees (e.g., S$60 Annual Return fee), are billed as direct pass-through costs.
Step-by-Step Singapore Company Incorporation Process
Incorporating a business in Singapore through Bestar involves a simple, digital-first 4-step workflow:
[1. Select Entity & Reserve Name] ➔ [2. Submit Digital eKYC] ➔ [3. ACRA Registration via BizFile+] ➔ [4. Post-Registration & Banking]
Company Name Reservation: Bestar checks and reserves your preferred company name on ACRA BizFile+. Approval usually takes under 1 hour.
KYC Verification: Submit digital identification documents for all directors, shareholders, and Ultimate Beneficial Owners (UBOs) for eKYC approval.
Official ACRA Registration: Bestar prepares the Company Constitution and submits the incorporation documents to ACRA. Setup is completed in 1 business day.
Post-Registration Setup: Receive your official Business Profile (Bizfile) and Certificate of Incorporation. Bestar then assists with bank account setup, Corppass registration, and license applications.
Key Regulatory Requirements for Singapore Companies
To maintain full ACRA and IRAS compliance under the Singapore Companies Act, every Private Limited Company must fulfill the following:
Local Resident Director: Minimum of 1 director who is ordinarily resident in Singapore (Singapore Citizen, PR, or valid Employment Pass holder).
Shareholders: 1 to 50 shareholders (can be 100% foreign individuals or foreign corporate entities).
Company Secretary: Appointed within 6 months of incorporation (Section 171 of the Companies Act). A sole director cannot act as the company secretary.
Paid-Up Capital: Minimum initial capital of S$1 (can be increased at any time).
Registered Office Address: A local physical address in Singapore (P.O. Boxes are not permitted).
KYC & Documentation Checklist
To comply with global AML/CFT standards, Bestar requires the following verified documentation during onboarding:
For Individual Directors, Shareholders, and UBOs
Proof of Identity: Clear colored copy of Passport (valid for at least 6 months) or Singapore NRIC / FIN.
Proof of Address: Official document dated within the last 3 months showing full name and address in English (e.g., utility bill, bank statement, or driver’s license).
Profile Summary: CV, resume, or LinkedIn profile link.
For Corporate Shareholders (Parent Companies)
Certificate of Incorporation and Company Constitution / M&A.
Official Extract / Business Profile showing current Directors and Shareholders (issued within the last 6 months).
Register of Directors and Register of Ultimate Beneficial Owners (UBOs).
Identification and address proof for all individual UBOs owning >25% shareholding.
Frequently Asked Questions (FAQ)
Q: Why should I choose Bestar as my Corporate Service Provider in Singapore?
A: Bestar is an ACRA-registered Corporate Service Provider and Registered Filing Agent (RFA). Bestar offers transparent pricing starting at S$360/year for secretarial services, 1-day company incorporation, in-house chartered tax/accounting experts, and a zero-penalty compliance guarantee.
Q: Can a foreign entrepreneur register a company in Singapore without relocating?
A: Yes. Foreigners can hold 100% ownership of a Singapore company without moving to Singapore. However, Singapore law requires a local resident director and local registered address, both of which Bestar provides through foreign incorporation packages.
Q: How long does it take to register a company through Bestar?
A: Once KYC verification and document signing are complete, Bestar incorporates your company via ACRA BizFile+ in 1 business day.
Q: What is the penalty for not having a Company Secretary in Singapore?
A: Under Section 171 of the Companies Act, failing to appoint a company secretary within 6 months of incorporation can result in fines of up to S$1,000 per director and potential ACRA legal enforcement.
Get Started with Bestar Singapore
Email: admin@bestar-asia.com
Main Website: bestar-sg.com
Services Hub: bestar-sg.com
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