Incorporation Services
What You Need to Know Before Incorporating?
Understand the legal requirements, key documents, and registration timeline involved in establishing a business presence in Singapore.
Best For: Individuals running a small business
Features:
🔹Simplest and cheapest to register
🔹No separate legal entity — owner is personally liable
🔹Profits taxed as personal income
🔹Suitable for freelancers, tutors, or small traders
Best For: Two or more individuals sharing business ownership
Features:
🔹Up to 20 partners
🔹Joint liability for debts and obligations
🔹Simple compliance, but personal risk shared
🔹Often used by family businesses
Best For: Most SMEs, startups, and scalable businesses
Features:
🔹Separate legal entity with limited liability
🔹Shareholder and director can be the same person
🔹Tax benefits(17% corporate tax, exemptions for new startups)
🔹Most credible and scalable option
🔹More compliance (e.g., Annual Return, Secretary, AGM)
Must be unique, not infringing trademarks, and follow ACRA guidelines.
✅At least 1 local resident director
✅Local registered address (no P.O. boxes)
✅Minimum 1 shareholder
✅Company Secretary appointment within 6 months (1st-year free from us!)
To register with ACRA, several documents must be submitted.
Key documents include:
Usually completed within 1–3 business days.
Once your company is successfully incorporated, opening a corporate bank account is the next essential step.
At Colab Advisory, we work closely with both local banks and digital banking providers to help you find the right fit for your business needs.
Required Steps & Support:
✅Guidance on preparing required documents
✅Referral to banks and fintech platforms (e.g. UOB, OCBC, DBS, Wise)
✅Assistance with appointment scheduling or online application process