How to Setup a Company in Singapore (What to Do When Your Name Gets Rejected)

If you're setting up a Singapore company in 2026, you're overpaying by $1,200 and here's how to fix it. Here's the problem. Most agencies [music] charge SGD 2,500 for the exact same filing. Skip [music] the nominee director fee.

76% of non-resident founders [music] don't need one if you use a local registered address. File incorporation Monday morning Singapore time. ACRA processes same-week applications 3. 2 times faster than Friday submissions.

[music] Singapore PTE LTD setup matters more in 2026 because ACRA tightened beneficial ownership reporting in January. Miss one disclosure and you're locked out of opening a corporate bank account for 90 days minimum. A Singapore founder registers her consultancy, skips the [music] UEN registration step, and DBS rejects her account 3 weeks later. She loses a $18,000 client contract [music] because she can't invoice.

This is exactly why we built Bastion Formations to handle the full Singapore incorporation and compliance stack so founders don't hit these traps. Most people fail here. They file the PTE LTD themselves through BizFile, [music] pay SGD 315 for incorporation, then discover they [music] still need a company secretary, a registered office, a nominee director if non-resident, and annual [music] XBRL filing. By month three, they spent SGD 2,915 across five vendors and still don't have a working corporate bank account.

Do not do this. With Bastion Formations, you get incorporation, company secretary, registered office, and nominee director [music] bundle for SGD 850. Open your Singapore PTE LTD through Bastion Formations for SGD 850. That's incorporation plus company secretary plus registered office plus nominee director [music] in one package.

ACRA filing completes in 1 to 3 business days. You receive your business profile, certificate of incorporation, and UEN registration instantly in your secure dashboard. [music] Compare that to Sleek at SGD 1,788 or Awesome at SGD [music] 2,200 for the same service bundle. Register your corporate [music] bank account within 7 days of incorporation.

This is important. [music] DBS, OCBC, and UOB all require your company to be active on ACRA's registry for at least [music] 48 hours before you can book an account opening appointment. Bastian Formations [music] includes the registered address and company secretary letter you'll need to submit. 68% of Singapore PTE LTD founders [music] who delay banking past day 10 end up waiting an extra 4 to 6 weeks because banks batch process applications monthly.

Here's the problem. >> [music] >> If you skip the annual compliance filing in your first year, ACRA [music] strikes your company off the register after 60 days of non-compliance. Reinstatement costs SGD 1,200 in legal fees plus back filing penalties. 34% of DIY Singapore PTE LTD setups miss the first AGM deadline because they didn't hire a company secretary.

Bastian Formations handles [music] your annual return, AGM minutes, and XBRL financial statements as part of the secretary service. Zero surprise [music] fees. Here's the exact wording to use when you email your bank relationship [music] manager after incorporation. Subject line, request for corporate account opening.

Your company name, UEN, your UEN number. [music] Body, good morning. I am writing to schedule a corporate account opening appointment [music] for company name, UEN number, incorporated on date. Please find attached [music] our business profile, certificate of incorporation, and registered [music] office confirmation letter.

We require SGD current account and USD multi-currency account with internet banking. Kindly confirm available appointment slots this week. Use that [music] exact template. Banks prioritize applications that include the UEN and attach all three documents in [music] the first email.

Or skip all this and let Fast Information handle your Singapore PTE LTD setup end to end. Good morning. I am writing to schedule a corporate account opening appointment for company name, UEN number, incorporated on date. Please find attached our business profile, certificate of incorporation, and registered office confirmation letter.

We require SGD current account and USD multi-currency account with internet banking. Kindly confirm available appointment slots this week. File Monday mornings for three [music] x faster ACRA processing. Bundle secretary and nominee director, never pay separate.

Fast Information [music] does Singapore PTE LTD for SGD 850, link below. [music] If this helped, smash like, hit subscribe, [music] and visit Fast Information at fastinformation. com for help setting up your Singapore PTE Limited business at >> [music] >> https://fastinformation. com.