UPVUE

Company Incorporation Services

Stress-Free Company incorporation in Singapore

We’ve Made Setting Up A Company As Easy As 123! There’s no paperwork to worry about. Start your business journey from anywhere in the world with us today!

WORRIED ABOUT YOUR START-UP IN SINGAPORE ?

Drawing-up your own business in Singapore? Exquisite choice! Singapore is one of Asia’s most bustling business hubs for company formation, an island ripe with opportunity for all who come seeking for it. Our team at UPVUE asserts you the guidance with the foremost ways to register your start-up

Taking your Business to the Next Level and Beyond

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Starting a business is a thrilling and satisfying experience, but it can get a bit stressful too.

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You have to make a lot of hard decisions early on. One of the most important is choosing the right business structure.

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The kind of business entity you choose can influence everything. From how you determine owner compensation to how much you'll pay in taxes.

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So why risk making the wrong choice? Give us a call to hear our advice.

What does Incorporation Mean?

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Incorporation is the legal process used to form a corporate entity or company. A corporation is a separate legal entity from its owners (shareholders).

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This translates into a variety of benefits for the energetic entrepreneur.

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Our team is more than happy to guide you through the whole process while explaining the pros and cons.

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Stay clever, make an informed decision.

Important Things to Take Note

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Company Name. Before everything, you need an approved company name. You choose the name, we handle the rest.

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Directors. Your company must have at least one Resident Director (a Singapore Citizen, a Permanent Resident of Singapore, or a person who has been issued an Entrepass, Employment Pass, or Dependent Pass).There is no limit to the number of extra local or foreign directors that the company can appoint.Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractice in the past. There is no need for the directors to also be shareholders. So non-shareholders can be appointed directors too.

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Shareholders. A private limited company can have a minimum of 1 and a maximum of 50 shareholders. A director and a shareholder can be the same or a different person. The shareholder can be a person or another legal entity such as another company or trust. 100% local or foreign shareholding is allowed.You can issue new shares or transfer existing shares to another person any time after the incorporation process.

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Company Secretary. Every company must appoint a qualified company secretary within 6 months of incorporation.In case of a sole director/shareholder, the same person cannot act as the company secretary.The company secretary must be a natural person who is also resident in Singapore.

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Paid-up Capital. You only need S$1 of paid-up capital to register your company.You can increase the paid-up capital at any time after the incorporation is complete. There is no concept of Authorized Capital for Singapore companies.

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Registered Address. To register a company in Singapore, you must provide a local Singapore address as the registered address of the company.The registered address must be a physical address (can be either a residential or commercial address) and cannot be a P.O. Box.

Estimated Due Date: Within 6 months after FYE, before AGM & AR submissions.

The incorporation process is usually a smooth one. But we still need the following information from you:

Good news! The Singapore Registrar of Companies has a computerized system, so the process is fast and efficient. Registration only takes 2 steps and it’s usually done in one day:

Getting Your Company's Name Approved

After you pick a cool name for your business, we file the application for you as part of our service.

This part of the process can take less than an hour unless you want to use special words (like bank, finance, law, media) that need special approval. In that case it might take a few days.

It is crucial to choose a name that is unique, or not too similar to an existing company. Make sure it doesn’t infringe any trademarks. Also, it’s wise not to use a name that is internationally registered. And of course it cannot be vulgar, or already in use or reserved.

Once approved, the name is reserved for 60 days. This can be extended for another 60 days by filing an extension right before expiry.

The Actual Registration of Your Company

Once your company name has been approved, we will file the approval along with the incorporation application. Assuming that all documentation and supporting evidence is in order, registration forms can be ready for signing by the director(s) and shareholders(s) of the new company in a matter of hours. Rarely are there any delays. A S$300 registration fee is payable at the time of incorporating a private company.

Congratulations! You are now the proud

CEO of your company.
This means you get two documents (the Notification of Incorporation and a Company Business Profile).

In Singapore, they are enough for all legal and contractual purposes. Those could include: opening corporate bank accounts, signing office leases, subscribing to telephone/internet services, etc.

Certificate of Incorporation

The Company Registrar will send an official email notification confirming the incorporation of the company. This includes the company registration number. This email stands as the official certificate of incorporation in Singapore. If you prefer a hard copy, you can apply online after incorporation, but there is a charge of approx. S$50. You can take the hard copy the very next day from the office of the registrar.

Company Business Profile

A business profile containing the details of the company can be obtained from the Company Registrar by making a request online and paying a small application fee. The PDF document is downloadable within an hour of the request and contains the following key details

Other items you might need after registration include

Our Process

When you’re ready to proceed we invite you to follow the below 5 easy steps. We will then work with you to have the company incorporated within one working day or even few hours (Provided all KYC & incorporation documents requested are in order and the application of company name does not need any approval from the relevant authorities).

Discovery meeting

Contact us via the contact form or WhatsApp us at +65 8883 1386 to clarify your requirements with us.

Fill up form

Just take 20 to 30 minutes to fill up our incorporation form. The details are necessary for us to prepare the incorporation forms in the next steps and to register your company with ACRA.

Incorporation documents

We check if your preferred name is available. And prepare the documents required for incorporation: Consent form, registers, share application and other incorporation for your Digital Signature. Everything is via Online only!

Filing and Bizfile

Upon receipt of signed forms, customers due diligence documents and incorporation fee, we will register your company with ACRA viz Bizfile. The Business Profile and Constitution will be saved in our Google Drive to be shared with you and our Cloud Dashboard for you to login and extract easily.

Handle Statutory Compliances

It is mandatory to submit annual return to ACRA and tax return to IRAS every year. Our accounting team will go through with you on the documents required for good accounting record-keeping, prepare Xero and FRS reports, prepare your tax return and file them with ACRA and IRAS.

Leverage Singapore during your Incorporation Process

Singapore is a superb, convenient location for domestic or international businesses to establish their head office or offshore headquarters. The country offers considerable tax, financial, and operational advantages to businesses and investors alike.

Whether you are a Local or Foreigner, we offer a comprehensive Incorporation of Company package that includes all the required items and services needed to set up and begin trading.

Who wants to move to Singapore

I want to open a Singapore comnay, get an employment Pass, and relocate myself and my family here

Who are already in Singapore

I am a foreigner working and in Singapore and i want to start my own business-with or without leaving my current job.

Frequently Asked Questions:

For Singaporeans

What does incorporation mean?

Incorporation is the legal process used to form a corporate entity or company. A corporation is a separate legal entity from its owners (shareholders).

What are the important things to take note?
How is the process like?
How long does it take to incorporate my company?

This part of the process can take less than an hour unless you want to use special words (like bank, finance, law, media) that need special approval. In that case it might take a few days.

Otherwise, upon receipt of all signed incorporation documents and your IC or passport copy with proof of address documents, your company can be incorporated in less than 1 hour!

For Foreigners

What does incorporation mean?

Incorporation is the legal process used to form a corporate entity or company. A corporation is a separate legal entity from its owners (shareholders).

What are the important things to take note?
How is the process like?
How long does it take to incorporate my company?

This part of the process can take less than an hour unless you want to use special words (like bank, finance, law, media) that need special approval. In that case it might take a few days.

Otherwise, upon receipt of all signed incorporation documents and your IC or passport copy with proof of address documents, your company can be incorporated in less than 1 hour!

What is Employment Pass?

It's a type of working visa issued per specific company so it can invite foreign professionals, managers, executives, and technicians. It allows you to work exclusively for that company, live and bring your family to Singapore. It's valid for 1 or 2 years and can be renewed afterwards.

Can I transfer my EP holder to a new company without making new application?

No, EPs/DPs are issued per one specific company. You can only work for the company that sponsors your EP. So after your company is incorporated, your new business has to apply for your new EP. Do it concurrently: there's no need to cancel your old EP before you get the new one.

What are the requirements to get an Employment Pass?

This is an employment pass so your professional qualification and educational level will be evaluated. We will file your CV with relevant professional experience, education data and the company profile to get the pass.

if you want to bring immediate family under Dependent Passes, you can apply for a Long Term Visit Pass for your family if you meet these requirements:

What to do after the company is incorporated?

Permits and licenses

Some of the businesses are controlled by government authorities in the country. Therefore, you will need to obtain approval from relevant government authorities and provide them to start your business. For example, you will need to have a government approved permit to set up a retail business, wholesale business, import business, childcare center, private school, money lending business, financial advisory service, liquor distributor business, travel agency or a video company.

Registered office address and hours

You will need to have a registered address for the business. In addition to that, you need to make sure that your business is open to public at least for three hours during weekdays.

Registration number

You should obtain a registration number for your business from ACRA. It should be on all the invoices, letterheads, bills and other official documents you print.

Custom registration

If your business is engaged with imports and exports, you will need to have custom registration as well. In order to do that, you should register the business with Singapore Customers and get a CR number.

Goods and Services Tax Registration

Goods and Services Tax, which is also known as GST tax is applied on all the goods and services within the country. You will also need to pay this tax for the goods and services that are imported into the country and that are exported out of the company. It is mandatory for all the businesses in Singapore to sign up for GST. You can do it voluntarily as well.

Registration with Central Provident Fund

Central Provident Fund, which is also known as CPF is the pension fund scheme, where both employee and employer will contribute a specific percentage of the monthly salary. It is mandatory for an employer to contribute towards CPF. On the other hand, employees who earn over $50 per month should contribute to it as well.

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