Setting up a company in Singapore is an important milestone in your business expansion journey. Singapore, as a significant financial hub in the Asia-Pacific region and globally, boasts a wealth of highly skilled talent and abundant business opportunities. As such, Singapore is renowned for offering foreign investors valuable growth prospects.
The process of company registration and incorporation can be quite complex, but with the support of PTB's professional team, it doesn't have to become challenging. Our registration professionals possess advanced knowledge about how to set up a company in Singapore, assisting you in achieving your business goals sooner.
Step 1: Name reservation, confirmation of business scope, registered capital
Step 2: Appointment of local directors, issuance of shares, appointment of secretary, etc.
Step 3: Confirmation of directors, shareholders, and shareholding ratios
Step 4: Submission of registration draft
Step 5: KYC (requires holding passport for facial recognition and photography)
Step 6: Waiting for approval, completion of registration
Opening a traditional local bank account:
(Traditional local banks mainly include: OCBC/UOB/DBS Bank)
**Local banks in Singapore are reluctant to open accounts for new companies. Not only is the opening process very cumbersome, but even if an application is submitted, the probability of rejection is very high, and no reasons are given for the refusal.
Open A Digital Bank Account:
Through digital bank account opening, you will receive an AustralianDollar account from an Australian bank for your newly registered company, a US Dollar account from a bank in the Uk or the USA along with a complimentary Mastercard linked to the AustralianDollar account. This card can be used globally, with no additional account charges for card transactions.
Passport copies (front and back) of all directors and shareholders(scanned, in two formats each: photo and PDF).
National identity card copies (front and back) of all directors and shareholders (scanned, in two formats each: photo and PDF)
Email addresses of all directors and shareholders.
Mobile phone numbers of all directors and shareholders.
In Singapore, every company is required to file annual reports with the relevant authorities to ensure compliance with regulatory standards. This process is crucial to maintaining transparency and accountability in the corporate sector. Companies must submit these reports within the stipulated time frame and in accordance with specific guidelines. Failure to do so can result in penalties and legal consequences.
PTB is your trusted partner for Singapore's annual reporting services. Our team of experts is well-versed in the intricacies of the annual reporting requirements for companies operating in Singapore. Our goal is to help your business meet its annual reporting obligations accurately and efficiently.With our support, you can focus on you core business activities while we take care of your annual reporting needs.
Provision of registered office address
Provision of an email address capable of receiving mail
12 months of company secretary services
12 months of financial accounting service
12 months of tax filing and corporate compliance services
Provision of registered office address
Provision of an email address capable of receiving mail
12 months of company secretary services
12 months of financial accounting services
12 months of tax filing and corporate compliance services
12 months of nominee director service
Provision of registered office address
Provision of an email address capable of receiving mail
12 months of company secretary services
12 months of financial accounting services
12 months of tax filing and corporate compliance services
12 months of nominee director service
Assistance in finding office space for Operational Entities
Assistance for directors in finding addresses suitable for proof of residence.
*Package duration is 12 months, and once confirmed, there will be no refunds within the 12-month period
*If renewing, package can be changed at the time of renewal