Procedure, Timeline, Requirements for Singapore Company Setup

The step by step procedure and timeline is as follows:


Package

Selection
 

Fill Up

Incorporation

Form & Make Payment
 

Reserve Company name & Preparation of Incorporation Documents
 

Signing of

Incorporation

Documents &

Opening of bank accounts
 

Start your

Business
 

Client
 

Rikvin
 

Legend:-
 
Singapore Company Incorporation Set-up Procedure

Rikvin is Singapore’s fastest Incorporator due to our in house propriety software which generates documents in no time. The system is even able to incorporate faster if all the required information is provided before hand.

#
Procedure
Responsibility
Average Timeline
1 Complete our full detail online form to expedite the incorporation process Client 10 minutes
2 Send us passport copies (or IC for Singaporeans) of proposed directors and shareholders for Singapore company & make payment for the services Client Depends on you
    Upon completion of the above:
1 Reserve company name Rikvin 10 minutes
2 Prepare necessary incorporation documents Rikvin 30 minutes
3 Sign and return incorporation documents Client Depends on you
    Upon completion of the above:
1 Incorporate the company with Accounting & Corporate Regulatory Authority of Singapore Rikvin 20 minutes
2 Prepare company documents for bank account opening and handover to the client Rikvin 15 minutes

Set-up Requirements for Formation of Private Limited Company

  • Minimum 1 Shareholder + 1 Director + 1 Company Secretary
  • Shareholders may be corporations or individuals
  • At least one Director must be a resident of Singapore. i.e. Singapore Citizen/ Singapore Permanent Resident (PR)/ Singapore Employment Pass Holder (We can act as your company's local nominee Director, if required, for a fee)
  • The Shareholder can also act as Director
  • The Company Secretary has to be Singapore resident
  • Sole shareholder and director cannot act as Company Secretary
  • Minimum initial paid-up share capital is S$ 1.00
  • A Singapore Private Limited Company must have a Registered Address in Singapore