SG Company Incorporation 101
Chan Wei Xiang
Chartered Accountant (Singapore)
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- ✓ Comprehensive incorporation strategies
- ✓ Director and secretary requirements
- ✓ Step-by-step process and timeline
- ✓ Pricing and compliance checklist
Requirements of a SG Director
Every company must have at least one director who is a local resident of Singapore and must be:
- At least 18 years old
- Of full legal capacity
- A Singapore citizen, Singapore permanent resident, EntrePass holder, or Employment Pass (EP) holder
- Not disqualified from acting as a director of a company (e.g. not an undischarged bankrupt)
Key Deadlines for a SG Company
Stay compliant with these important filing deadlines:
- File annual returns with ACRA within 7 months after the end of their financial year annually
- File ECI with IRAS within 3 months from the end of your financial year annually
- File Corporate Income Tax Return with IRAS by the deadline of 30 Nov annually
Can I use my residential address?
Yes, you can apply for approval under the Home Office Scheme. This allows you to use your residential address as the company's registered office, which can help reduce costs for new startups.
Why do you need a Corporate Secretary?
Appointing a corporate secretary is not optional — it is a legal requirement under ACRA. Under the Companies Act:
- Every company must appoint a corporate secretary within 6 months of incorporation.
- The position cannot be left vacant for more than 6 months.
- The sole director of a company cannot also be the company secretary.
What does a Corporate Secretary do?
A company secretary is responsible for the administration of the company. They ensure that all directors and shareholders are informed of their statutory obligations.
- Maintain and update the company's registers and minutes books.
- Administer, attend and prepare minutes of meetings of directors and shareholders.
- Keep company directors aware of the deadlines for annual returns and any other filings required by ACRA.
- Update directors and shareholders on relevant changes in corporate regulations.
Why choose FinanceLah?
- Price Transparency and Peace of Mind — No hidden costs.
- Easy to Contact — We are 1 WhatsApp away.
- Trusted by SMEs — Corporate secretary of choice for many SMEs in Singapore with 5-star Google reviews.
Incorporation Pricing
Information Required
To get started with incorporation, we'll need:
- Proposed company name(s)
- Registered office address (suggest mail scanning by voffice)
- Financial year end (suggest end of 11 months after incorporation date)
- Business activities (Primary and Secondary)
- Director(s) and Shareholder(s) details: Name, Address, Mobile, Email, ID, Proof of Address
- Share capital, indicate currency and shareholdings (Minimum SGD 1)
Incorporation Process & Timeline
Discovery call with client. Client agrees to incorporate SG entity with FinanceLah and makes payment.
We perform KYC checks and incorporate SG entity after all required information is provided.
ACRA approves the incorporation and we provide business profile to client.
We guide the client on CorpPass activation and bank account opening if required.
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Chan Wei Xiang
Chartered Accountant (Singapore) | Accredited Tax Practitioner | 15 years in finance
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