Sprout is now Grof - our all-in-one solution to grow your business. Click here to visit our new site at www.grof.co
Sprout is now Grof - our all-in-one solution to grow your business. Click here to visit our new site at www.grof.co
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Incorporation for Singaporean & PR

Setting up a company is easy for locals. Onboard seamlessly with your SingPass login.
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Launch Your Business Right With Professional Assistance

Our job is to provide a hassle-free onboarding experience and ensure a compliant company set-up. Be it pre or post incorporation, let us take care of the paperwork while you focus on running the business.
Solution Focused.

Solution Focused

We consider your business model, shareholders dynamics, work visa status to provide a suitable solution
Easy Onboarding

Easy Onboarding

Create an online account using Myinfo or your ID hassle-free without requiring document certification
Compliant Set-Up

Compliant Set-Up

We prepare and store your documents so that you are fully compliant with regulations. Get notified of new upcoming deadlines.

What you need to kickstart your
incorporation

1
Mandatory Requirements

Mandatory Requirements

Registered Address
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Registered Address

  • A registered office address refers to a place in Singapore where all official letters to the company are sent, and the place where the company’s register and records are kept. It must be accessible to the public during normal office hours, but need not be where the company conducts its activities which is known as the principal place of business.
  • The registered address is searchable on public databases and some of our clients chose to use our registered address service for privacy and to enhance the credibility of the company
Resident Director
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Resident Director

  • Under the Companies Act, each company registered in Singapore must have at least 1 resident director. A resident director is a Singaporean, PR or EP/EntrePass holder (where the sponsor is the company) residing in Singapore. If you are unable to provide a resident director, you may wish to consider our packages for foreigners.
  • A nominee director is a professional appointed to be the director of your company for statutory purposes. He/she will not have any management authority or signing authority for your bank account.
Corporate Secretary
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Corporate Secretary

  • It is mandatory under the Companies’ Act for every company to appoint a corporate secretary. A corporate secretary is an officer of the company responsible for internal compliance and all necessary documents required by law, he or she executes and maintains the official corporate filings, company resolutions and books according to applicable laws and regulations.
  • A company may be liable to fines if corporate filings or corporate documents are not lodged in a timely manner and the directors themselves may be fined or disqualification by ACRA from being directors.
2
Company Name
Business Activity
Financial Year End
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Decide Company Name & Business Activity

  • Deciding a name for the company is a major decision! It is difficult to find a suitable company name and an appropriate internet domain which is available. Thankfully, the company legal entity name does not necessary need to be the same as the trading name of the business. For example, HanBaoBao Pte Ltd is the entity name of our beloved McDonald’s in Singapore.
  • Company name which is similar to other entities, gazetted or rude/obsene names are also not allowed by ACRA. ACRA may also choose to refer the company’s name to other agencies for approval, which may delay the incorporation date.
  • Another important decision is choosing the business activity of the company. This is selected via the SSIC code maintained by SingStats. Every company can choose up to 2 SSIC codes as the business activities and can add further free-text description to the activity.
  • These stated business activity is not meant to be restrictive and companies are allowed to conduct legal business activities beyond these stated on ACRA. The selected SSIC codes are relevant for the main contributors of operating revenue and for license purposes. It is also possible to amend the business activity in the future by informing your corporate secretary and passing a directors’ resolution.
3
Who Are The Directors And Shareholders
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Decide Who Are The Directors And Shareholders

  • The directors manages the company and has the authority to make management decisions, sign off on business agreements, open or close bank accounts. Directors have the fiduciary duties to act honestly and in good faith in the best interest of the company.
  • The shareholders are the owners of the company via the shares held in their name. The shares grant their holders voting rights to appoint and remove directors as well as to determine other shareholders’ matters. The share also determine how  economic profit from the company is split amongst the shareholders.
  • During incorporation, you will be required to state the number of shares each shareholder holds. Additional shares may be allotted in the future and shares can also be transferred.
4
Ready to Proceed?
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Enlist Our Help for These Now

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What you need to kickstart your
incorporation

1. Registered Address
2. Company Name
3. SSIC Code
4. Directors & Shareholders

1. Registered Address

  • A registered office address refers to a place in Singapore where all official letters to the company are sent, and the place where the company’s register and records are kept. It must be accessible to the public during normal office hours, but need not be where the company conducts its activities which is known as the principal place of business.
  • The registered address is searchable on public databases and some of our clients chose to use our registered address service for privacy and to enhance the credibility of the company

2. Company Name

  • The Company Name is the business name registered with ACRA, this the the name used in official documents and used in issuing invoices, receipts etc.
  • The company may not use names that are obscene or religious in nature and should not be identical to an already reserved (or existing company's name). Sprout Asia will be able to help you check on the desirability and availability of your desired company name.

3. SSIC Code

  • An SSIC code helps ACRA determine whether the company is required to apply for any licenses to carry out their business. Some SSIC codes also help to determine if a company is entitled to certain tax benefits by IRAS. In the broader picture, the purpose of an SSIC Code is so that the government can track ACRA business activity.
  • You are able to choose One Primary and one Secondary Activity. If you are unclear of what SSIC code is suitable for your company, your Corporate Service provider will be able to advice you based on your description of your business activities.

4. Directors & Shareholders

  • It is mandatory to have at least one local director in your Singapore Company. This Director will be responsible for ensuring that the company complies with its statutory requirements.
  • The shareholders of a company are essentially the owners of the company, their approval is sought during General Meetings on matters that affect the company. They are also able to voice their opinions regarding relevant issues involving the management of the company to the directors.

PRICING

Great Savings and Transparent Pricing

Kick start

S$600
Save S$450
Perfect if you have at
least 1 local director
  • Incorporation Services
  • 12 Months Comprehensive Secretary
  • AGM & Annual Return Filing
  • Company Constitution
  • S$375 ACRA fee
sign me up

Jump start

S$1,100
Save S$450
Most savings for small businesses including ACRA filing, accounting & tax
  • Incorporation Services
  • 12 Months Comprehensive Secretary
  • AGM & Annual Return Filing
  • Company Constitution
  • S$375 ACRA fee
  • Unaudited financial statement compilation
sign me up

"Optional" Add-ons

Registered Address

$240 Annually
S$160

Corporate Shareholder
(per annum)

S$100 each

Sprout is now Grof!

We've recently rebranded to Grof.
Visit our new website with the link below to view our latest pricing
‍We're excited to announce that we've rebranded to Grof.
As Sprout, we've empowered thousands. Yet we realised our potential to be so much more.
That's why we're introducing Grof, your all-in-one business solution. Going beyond what Sprout offered, providing everything you need to streamline operations, ensuring compliance and revolutionising the way you manage your business's finance.
Visit our new website with the link below to view our latest pricing
VIEW OUR LATEST PRICING AT GROF.CO

REVIEWS

What others say about us

“I just experienced possibly the best customer experience of all time. I found Sprout online while I was trying to register my company and it turned out to be a wise choice for me. They are available all means of digital channels and respond quite promptly. Thank you, Weng Leong and team, for the help and support. Great Job!! And if anyone of you is looking for corporate service or any such matter look no further.”
Nihar Ranjan
“It was a wonderful wonderful experience having been served by Sprout Asia. From being able to be contactable by phone and online there were also sound advice given. The transactions were really smooth and everything were done over the internet. Most of all the professionalism was remarkable. I honest rate Sprout Asia 5 stars if I can 6. Thanks Jackson.”
Roy Lai
“Highly recommended based on my personal experience. Weng and team were extremely supportive in helping me navigate through many issues that were new to me. Very responsive and helpful in every way. Working with them gives me the reassurance that someone always has my back. Thanks again!”
Ena Yoo
“Since we got in touch till Registration COMPLETED they are very prompt response and did a good job with a very reasonable cost in compare to others.
Thanks guys. It is just a start for long journey.”
Mohd Hassan

How can we help?

If you have questions regarding our services, we'll help you through your queries.
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Frequently Asked Questions

What is a Registered Address?

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In ACRA’s definition, registered office address is where all communications and notices to the company are addressed to, and where the company’s registers and records are kept.

The registered office must be an address in Singapore, but it need not be the place of operation. For instance, your company’s registered office address may be in Raffles Place but your factory could be located in Tuas.

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Can I be my own company secretary? What does a company secretary do?

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You can be the secretary of the company if you are a local and not the sole director. However, it is important to engage a secretary who is clear on the statutory requirements of the company e.g.  Annual General Meetings, ACRA Annual Return, IRAS ECI and Form C-S. 

How do I decide on my company Financial Year End (FYE)?

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The company’s Financial Year End (FYE) is typically a date which is the last day of the month. We recommend choosing the last day of the previous month if you don't have any particular preference (eg. If we are in the middle of May, we recommend 30 April). This will maximise your tax breaks as a start-up company.

What companies require Special Approval?

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Companies under selected industries or with names containing certain words will be sent to the respective referral authority. Find out more about selecting the right SSIC codes and relevant industries here.

Do I need to come to your office to set up a company?

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Good news, onboarding with Sprout can be done completely online on our portal. For verification purposes, locals and FIN holders can verify their identity via Singpass, and foreigners will have to go through a video verification and upload a copy of their passport and proof of address. It’s as simple as that!

How long does it take to incorporate a company?

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With Sprout’s proprietary onboarding platform, the onboarding process has never been easier. Once the onboarding process is complete, it takes no more than 1-2 working days to incorporate a company - unless the application gets sent to the referral authority by ACRA.

What is a Company Constitution?

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A company's constitution (formally known as the Memorandum and Association) is a legal document that:

  • Describes the key characteristics of the Company
  • Contains the rules and regulations for its governance
  • Describes how its operations will be carried out
  • Outlines the rights and responsibilities of the Directors, Shareholders and Company Secretary

    • ‍

    The Company's Constitution must be submitted to ACRA upon application.

    Do I need a company secretary?

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    The Company Law in Singapore mandates that every company must appoint a Company Secretary, and the position must not be left vacant for more than 6 months at any point in time.

    The Company Secretary is responsible for ensuring that the company complies with the relevant legislations and regulations. You may find out more about the obligations and requirements of a company secretary here.


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    Ready to get started?

    We have completed hundreds of company registration - helping clients simplify company administration.
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    Ready to get started

    Add-on our quality accounting & bookkeeping services

    We offer Annual and Monthly Accounting Packages Depending on your anticipated business volume with the flexibility to scale up when the need arises.
    Incorporation

    Accounting and Bookkeeping Services

    Companies are also required to prepare financial statements and tax filing as part of their annual requirements.

    We have quality accounting and tax services which can be bundled for greater value! Appoint us as your one-stop corporate services solution.
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