Set up a company in Singapore is ideal for any global businesses due to efficiency, strong trade and investment. Professional service providers that provide company setup services, can help entrepreneurs set up a local company or provide assistance to register company in singapore for foreigner. EntrePass, which is work pass for foreign entrepreneurs is required due to Singapore laws and regulations. Otherwise, incorporating or registering your business with the Accounting and Corporate Regulatory Authority can be easily accomplished online (ACRA) via Bizfile. ACRA is Singapore government agency that oversees registration, regulation of business entities and public accountants providing information on compliance requirements, business structures and corporate governance practices. However, approval from Referral Authorities is required for certain names to be used on business entity which may take 14 days to 2 months before registering with ACRA.
Besides ACRA, foreign businesses can expect strong support from our Singapore government agencies in each respective industry such as Monetary Authority of Singapore (finance, banking and insurance), Legal Services Regulatory Authority (legal) and International Enterprise Singapore (other industries).
If assistance is required for business growth after company setup in terms of financing, development, entrepreneurs can seek other government agencies which are Economic Development Board (EDB) and Standards, Productivity and Innovation Board (SPRING). SPRING is also Singapore national standards and accreditation body, providing assistance to organisations in capabilities and management development, financing, technology and innovation.
SingaporeAccounting.com provides company incorporation for business entrepreneurs. Regardless if you are setting up a private limited company in singapore or a sole proprietorship, we provide a one stop service on registering your company with acra, secretarial services, payroll and accounting services.