Company Incorporation Singapore with WLP Group
Business Registration and Company Registration Services in Singapore (*FREE)
Are you looking for the best Singapore company registration services provider or company incorporation Singapore service with unbeatable company incorporation fees? Then look no further than WLP Group!
WLP Group is a professional firm registered with ACRA acting on behalf of business owners and entrepreneurs in their company registration Singapore process. WLP Group also provides accounting and payroll outsourcing services. You can engage our Singapore company registration services to incorporate your Singapore company to enjoy greater convenience and essentially, the peace of mind that your business registration Singapore process is set up by company incorporation specialists.
Our Company Registration Singapore Service Suite aims to provide you with the essentials of a new company, and you can be assured that we will be supporting during the process of setting up a local company after completing the process of company registration Singapore successfully.
Call us at +65 6493 2970 for a free Singapore company registration consultation! Alternatively, contact us if you are looking for payroll outsourcing services or accounting services.
INCORPORATION - *FREE (S$315 OF STATE FEES WAIVED)
SECRETARY SUITE - FROM S$600
All the Singapore company incorporation fees are included in the price — you only pay what you see. We typically get your company registered in 3 hours within the same day. For more information, contact us for a free Singapore company registration consultation!
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A Singaporean’s Introduction to Setting Up a Company
Singapore Company Registration Services Q&A
1. What is Required for a Successful Business Registration Singapore Setup?
Registering a business in Singapore is a fast and efficient process. Many claim that the entire registration process is lengthy and cumbersome. This is not true. You can start your business registration Singapore process online. However, note that you are required to meet and fulfil the following requirements:
Before starting on the company registration Singapore process, you need to check whether your desired Singapore company name is available by checking with the ACRA government website. If found available, you need to pay for the booking incorporated company fees, which is the Singapore company incorporation fees for reserving your company name.
Second, you need to fill up essential Singapore government incorporation forms and prepare documents such as the new company’s constitutions which will state the:
- Officers’ names. This includes the names of the director, corporate secretary and company shareholders.
- Paid-up capital for the new Singapore company.
Finally, once you have prepared and show all the required documents for the process of business registration Singapore, you can start the application. You shall be allowed to apply for the company incorporation in Singapore process by filing all the necessary data and materials with ACRA.
Remember, our team at WLP Group can perform all the three steps above for Singapore company registration and company incorporation.
2. What is the First Step to do Before Applying for WLP’s Company Registration Singapore?
Before you can register a company in Singapore, you must get your business name approved by the ACRA first. The process to register your company name during the company registration Singapore process is not complicated and subject to the conditions below:
- Your new Singapore company registration name cannot be identical to an existing business name in Singapore.
- The name of your newly incorporated company must not infringe on any trademarks. Otherwise, your selected name will not be approved during the company registration Singapore process.
- Lastly, your Singapore company registration name must not show any elements of obscenity or vulgar.
3. How fast till I receive the approval for the process of Singapore Company Registration Services?
During the company registration Singapore process, the name of your new company or business could be approved instantly without further delay by ACRA.
However, approval could be delayed if your Singapore company registration name application has breached ACRA’s business registration Singapore rules.
A company name can be referred to another government authority or licensing agency for further verification and confirmation if the business name contains sensitive words such as “banks”, “broker”, “finance”, “legal”, “law”, “money lending”, “school”.
This can postpone your Company name approval process by another few weeks.
If ACRA approves your company name, you can book or reserve that name for up to 120 days. If you do nothing about it, or failed to incorporate your company or apply for our Singapore company registration services within the 120 days timeframe, the reserved title shall be released free.
Therefore, you have to be on the lookout for the approval after the process of company registration Singapore.
Alternatively, contact us for a free Singapore company registration consultation to start the process of company incorporation Singapore as soon as possible!
4. What documents and forms are required for Singapore Company Registration?
You must get the following documents ready for new business registration in Singapore, once your business/company name is approved and reserved by ACRA.
Documents required by ACRA. One example is the Company Constitution, formerly known as the Articles of Association. Select between the standard Singapore Company Constitution (offered by ACRA) or design your own Company Constitution. Do take note that an ACRA standard constitution is acceptable for most small and medium-sized companies. The Company Constitution include terms that are deemed fair to all shareholders.
Signed ACRA Forms (for both Director and Secretary). Both local and foreign directors must sign and consent to act as Company Director. Meanwhile, a company secretary is required to sign and agree to serve as the Company Secretary.
Original Identification Documents. Do note that the identification documents have to be checked and verified by CSP. Every official of the Company must produce identification documents such as the Singapore NRIC, PRs, passports (for foreigners), and proof of residential address. Proof of residential address includes lease agreements and utilities bills.
KYC and due diligence. The ACRA and the actual Corporate Service Provider (CSP), such as WLP Group, need to perform a KYC (Know-Your-Customer) due diligence. Before dealing with the potential client, we will verify that all official documents are in English and error-free.
5. What is the Typical Timeframe Required to Register a Company in Singapore?
The typical timeframe depends on the corporate entity type.
To register a private limited company, it would take a longer time that incorporating a sole proprietorship. However, WLP Group and other Corporate Service Provider (CSP) can start helping you to register your new company online, provided that all company incorporation Singapore documents and forms are ready to be filled by ACRA.
Usually, this takes less than 3 hours to complete. This is apart from several exceptional cases whereby the process of business registration Singapore is transferred to another government agency for further vetting.
In unfortunate cases, the entire business registration process may take up to 4 weeks or a month to process.
6. Could a Foreigner go through the Business Registration Singapore process themselves?
Foreigners can freely register a company in Singapore and possess 100% shares of their Company. All foreigners have the option to run their Singapore company locally or in overseas.
However, should a foreigner want to relocate to Singapore, he or she must secure an Employment Pass (EP) or Work Pass Visa.
In addition, all foreigners are required by Singapore regulations to incorporate a company through the help of a business registration specialist or consultancy.
7. Could a Foreigner perform Company Incorporation Singapore Without The Assistance of a Corporate Service Provider (CSP)?
The answer is a straight NO! The Singapore government forbids foreigners to register a Singapore company without engaging a third party CSP. Foreigners need to use a local Singapore company registration services provider like WLP Group. We act as the Filing Agent on behalf of our clients.
The Filling Agent, or Singapore company registration services provider, is a company secretary who is a resident of Singapore and fully comprehends the Singapore company law in detail.
Click on the link here if you need in-depth information about our Singapore company registration services.
What’s next? After setting up a new company, you will need to find a trusted accountant and consultant to help your new company’s accounting and payroll services.
Keen to find out about our Singapore company incorporation fees? Call us at +65 6493 2970 for a free Singapore company registration consultation!