Guidelines on How to Start Business Singapore

How to Start Business Singapore?

Start

  • require a business name

  • require 1 to 20 shareholders (no corporate shareholder) for exempt private company/ 1 to 50 for private company

  • require one local resident director

  • require one company secretary (must be appointed within 6 months of incorporation)

  • require a registered office address in Singapore

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How to start business Singapore

What are the requirements to fulfill the annual compliance with Singapore law for companies?

Manage

In order to meet the compliance with the Companies Act, companies are required to comply with the following requirements every year:

  • Annual Return Filing with Accounting and Corporate Regulatory Authority (ACRA)

    • Company Details (Name, Activites, Registered Office, Company Officers)

    • Shares (Shares Details, Share Capital, Amount of Paid Up Capital)

    • Financial Statements (To be filled in Financial Reporting Standards of Singapore, XBRL)

    • Annual General Meeting

  • Tax Return with Inland Revenue Authority of Singapore (IRAS)

    • Estimated Chargeable Income (ECI) within three months from First Financial Year End

    • Form C-S/ C (15 Dec for YA 2020, 30 Nov from YA 2021 onwards)

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