If you have plans on starting a business in Singapore, company registration is something you need to consider. Incorporating your business hosts a number of advantages that include making it easier for customers to identify your business, the ability to participate in government tenders, and gaining access to government funding when applicable.
In general, all businesses in Singapore must be registered under the Accounting and Corporate Regulatory Authority (ACRA) regardless of business structure. However, there are several cases where some business owners may be exempted from registration.
While company registration is a procedure that can be done on your own or with your fellow partners and members, there are some things that you need to leave to the professional when it comes to incorporating your business.
When you hire a registration consultant, you are acquiring the service of trained professionals that have deep expertise in company registration or incorporation. Compared to someone who might not have prior experience in company incorporation, these consultants will be able to get the job done more effectively and efficiently. Furthermore, they have the experience and detailed knowledge of the process that a first-time entrepreneur may not have.
When you hire a good consultant, chances are they have done the job thousands of times for other clients. They would have been completely familiar with the process by now and know the ins and outs of what goes behind company registration. By putting your incorporation in the hands of skilled professionals, you are essentially saving yourself valuable time. As a business owner, there are countless other things that you could be doing with that time and legislative problems shouldn’t be one of them.
Since 1998, Rikvin has been providing professional corporate solutions for companies, making them one of Singapore’s leading company registration specialists. To back them up, they are also led by a group of accredited professionals in the industry including the Ministry of Manpower (MOM), Singapore Chartered Accountant, and the Association of Taxation Technicians in Singapore.
Registration setup options are available for both local residents and companies, and foreign individuals and foreign companies.
Location: 30 Cecil Street, #19-08 Prudential Tower
Telephone: +65 6320 1888
WIP Group is a leading business solution organisation in Singapore and the preferred partner for local conglomerates and multinational corporations in the region. Not only will they assist you throughout the company registration process, but they will also advise you on choosing the right business entity that will best suit you and your business’ needs.
Location: 100 Jalan Sultan, #02-44 Sultan Plaza
Telephone: +65 6493 2970
A1’s company formation packages are one of the most affordable ones in the market, providing everything from consultations, accounting software trials, general fax services, and even registered office address services. Over the years, they have won multiple awards including the DBS Gold Award and the OCBC Valued Partner Award from 2017 to 2019.
In addition to their numerous accolades, they also have an extensive pool of clients such as Singapore Post, Singtel, Swissotel Merchant Court Singapore, and KPMG.
Location: 10 Anson Road International Plaza #27-15
Telephone: +65 6653 1218
In order to let business owners focus on their operations, Margin Wheeler ensures that your business meets the necessary compliance requirements for registration. The firm’s company incorporation package fees include everything from disbursement to ACRA, company name registration, auto email filing reminder, and many more.
On top of all that, they also have a full suite of corporate services that range from secretarial paperwork, taxation, trademarking, audit service and data protection.
Location: 21 Bukit Batok Crescent #15-75, WCEGA Tower
Telephone: +65 6272 0820
Instead of providing a plethora of business solutions, Sprout offers more niche services that focuses heavily on incorporation, secretarial work, and accounting matters. Their formation services are available to Singaporeans, Permanent Residents, as well as foreigners. From S$348, business owners can get started on their ‘minimalist’ incorporation package that is inclusive of company name reservation, organising all registration forms, and filing with ACRA.
If you are still deciding whether an incorporation consultant is for you, Sprout offers free consultations upon request.
Location: TripleOne Somerset, 111 Somerset Road #15-18
Telephone: +65 6715 1523
With clients from over 100 countries, Hawkford is one of the most established firms that delivers efficient administration and services to large and multinational corporations both locally and internationally.
Their company formation services encompasses company formation, payroll administration, provisioning of company directors, and corporate tax filing, ensuring that every possible solution is laid out for you.
Location: 16, #32-03 Raffles Quay, Hong Leong Building
Telephone: +65 6222 7445
To complement their account services, most registration consultants provide bank account openings for companies. Outsourcing accounting services allows business owners to focus more on their companies while consultants find the best solutions for you.
With regards to account opening, consultants may have a pool of bank accounts that you can choose from or suggest one on your own if you have a personal preference. From there, they will then assess whether the account is most suitable for your business.
For an easy banking alternative, Aspire’s Business Account is designed for new digital businesses and startups with excellent user experience. With no monthly fees, no branch visits, and easy online banking, you can manage your finances any time, anywhere.