Step 1. Get your business name approved by checking the name availability on ACRA site and reserve the name.

Step 2. Provide information for incorporation and prepare related document (individual detail of director and shareholder, paid up capital).

Step 3. With all the required company incorporation documents ready, FMD will register the company with ACRA and it will usually take less than an hour for set up of private limited company limited by shares. 

If the private limited company was limited by guarantee, ACRA will take longer time to process the application. In some cases, the application may referred to the concerned authorities or ministries for selected business categories (eg finance, education etc) and the process may take about 14 to 60 days.

For opening of bank account with some banks (eg OCBC), FMD is able to make appointment with the banker to meet the directors in our office and at the same time to sign the incorporation documents.

Yes, a foreign individual is allowed to register a company in Singapore with 100% ownership of shares. In order to register a company, you will need to

1. engage a local corporate service provider (registered filing agent) who is a resident of Singapore and understand the Singapore company law.

2. employ a local director who is a resident of Singapore. FMD’s services included Nominee Director service.