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Incorporation21 August 20265 min

How incorporating a Singapore company actually works

Incorporation has a reputation for being complicated. Most of that reputation comes from the vocabulary rather than the work. Strip out the terminology and a Singapore company is four decisions and one filing.

The first decision is the name. ACRA checks it against existing companies and against a list of words that need approval from another authority. Most names clear in minutes. A name that suggests banking, law, education, or medicine can be referred for review, and that review is usually what people remember as "incorporation taking weeks".

The second is the people. You need at least one shareholder, who can be an individual or another company, and at least one director who is ordinarily resident in Singapore. Founders based overseas can own the company entirely. The resident director requirement is about having someone answerable here, not about who holds the shares.

The third is the shape of the company: the constitution, the share structure, and how much capital is actually paid up. Paid-up capital can be a single dollar. It is worth thinking about the share split properly at this point, because changing it later means paperwork and, sometimes, an awkward conversation.

The fourth is the financial year end, and it is the one founders decide by accident. A first financial year can run up to eighteen months, which changes when your first filings and your first tax return are due. Choosing it deliberately costs nothing. Fixing it later does.

Then the filing itself. The name application and the incorporation are lodged with ACRA through BizFile, and the government fees are S$15 and S$300. If nothing needs referral, most companies are registered the same day or the next.

What comes back is a UEN, a business profile, your constitution, share certificates, and statutory registers that now have to be kept properly. That last part is the real beginning. A company secretary has to be appointed within six months, the register of controllers has to exist within thirty days, and the bank account and CorpPass are what actually let you operate.

So incorporation is not the hard part, and treating it as the finish line is the mistake. It is the moment your company starts having a calendar.

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