Following incorporation in Singapore, the company becomes a legal entity and can begin conducting business and hiring employees.
You will receive a Certificate of Incorporation.
ACRA will send you an email confirming your company’s registration. This is your official Singapore Company Incorporation Certificate, complete with your company registration number. If you want a hard copy of the certificate, you can submit a S$50 online request to ACRA.
You receive a Business Profile (”Bizfile”).
ACRA will also provide a free business profile for your new company. The business profile serves as the company’s identity card.
You are able to open a corporate bank account.
After successfully registering your Singapore business, you will be able to open a corporate bank account with any of Singapore’s banks.