1. Prepared for directors
of Singapore private
limited companies.
As of September 2013
STARTING A
COMPANY IN
SINGAPORE:
INTRODUCTION

2. www.futurebooks.com.sg
ACCOUNTING
IS A
SERVICE, NOT A
TRANSACTION

3. www.futurebooks.com.sg
FUTUREBOOKS
SERVICES
Incorporation
, company
secretary, work
passes
Bookkeeping, annual
financials and
company tax
Sale of the
business

4. www.futurebooks.com.sg
LAUNCH YOUR
BIG IDEA

5. STRUCTURES AND
COMPLIANCE

6. www.futurebooks.com.sg
LEGAL STRUCTURES:
LOCAL DIRECTORS

7. www.futurebooks.com.sg
LEGAL STRUCTURES:
FOREIGN DIRECTORS

8. www.futurebooks.com.sg
IMPORTANT
GOVT BODIES

9. www.futurebooks.com.sg
COMPLIANCE WITH
ACRA’S BIG 4

10. www.futurebooks.com.sg
#1 APPOINTING A
LOCAL DIRECTOR

11. www.futurebooks.com.sg
#2 REGISTERED
MAILING ADDRESS

12. www.futurebooks.com.sg
#3 APPOINTING A
COMPANY SECRETARY
Maintain the
statutory registers?
Can I handle
share transfers?
Can I file all
mandatory returns on
time?
Effect the changes
in the Company?

13. www.futurebooks.com.sg
#4 APPOINTING
AN AUDIT FIRM
Do I want to attend a
planning meeting?
Will I answer
email?
Will I get it
done?
Will I maintain
the budget?

14. INCORPORATING
A PRIVATE LIMITED
COMPANY

15. www.futurebooks.com.sg
PLAN YOUR
INCORPORATION

16. www.futurebooks.com.sg
COMPLETING AN
INCORPORATION
•
•
•
•

17. www.futurebooks.com.sg
#1 BIZFILE
Download

18. www.futurebooks.com.sg
#2 M+AA
Download

19. www.futurebooks.com.sg
#3 SHARE
CERTIFICATE
Download

20. www.futurebooks.com.sg
#4 BOARD OF DIRECTORS
RESOLUTION
Download

21. www.futurebooks.com.sg
COMPANY
STAMP + SEAL
Do I need a
company seal?

22. www.futurebooks.com.sg
Search for
‘Singapore
incorporation’
on the App Store.

23. OPENING A
CORPORATE
BANK ACCOUNT

24. www.futurebooks.com.sg
STARTUP FRIENDLY
BANKS
Account name Min. opening
balance
Min. avg. daily
balance
Directors living
abroad
DBS Startup
Entrepreneur
Account
$500 $10,000 Easy
OCBC Business
Entrepreneur
$500 $8,000 Easy
Standard Chartered BusinessOne none $10,000 Easy
UOB Current $1,000 $8,000 Hard
MayBank Company Current $3,000 $10,000 Hard
HSBC Business Vantage $30,000 $30,000 Hard
Citibank Commercial Bank $100,000 $50,000 Hard

25. www.futurebooks.com.sg
GET USED TO
CORPORATE BANKING

26. APPLYING FOR
A WORK PASS

27. www.futurebooks.com.sg
LEGALLY WORKING
IN SINGAPORE
MOST DESIRABLE
LEAST DESIRABLE
Employment
pass
Entrepass
Permanent
residency

28. SCENARIOS

29. www.futurebooks.com.sg
A LOCAL WHO WANTS
TO TEST AN IDEA

30. www.futurebooks.com.sg
A FOREIGNER WHO WANTS TO START
A BUSINESS AND LIVE IN SINGAPORE

31. www.futurebooks.com.sg
A FOREIGNER WHO DOES NOT
WISH TO LIVE IN SINGAPORE

32. www.futurebooks.com.sg

33. www.futurebooks.com.sg
TERMS OF USE