Key Things Singapore Company Registration for Mainland People to Know

Things You Need to Know If You're an Inlander Registering a Company in Singapore!

With the development of globalization, more and more inlanders choose to register companies in Singapore. With its advantageous geographical location, stable environment, and open commercial policies, Singapore has become the first choice for many entrepreneurs and investors. However, during this process, it is very important to understand relevant laws, taxes, and operational details. This article will provide a detailed introduction to the key issues that inlanders need to pay attention to when registering a company in Singapore.

Firstly, the company registration process in Singapore is relatively simple and efficient. According to the regulations of the Singapore Accounting and Corporate Regulatory Authority ACRA, registering a company usually only takes a few days. Inlanders who register companies in Singapore can choose between a Private Limited Company Pte Ltd or a Limited Liability Partnership LLP. The private limited company is the most common form, providing limited liability protection and certain tax advantages. The limited liability partnership is more suitable for professional service industries, such as law firms or accounting firms.

During the registration process, inlanders need to prepare a series of documents, including the company's articles of association and identity proof documents for directors and shareholders. It should be noted that at least one local director is required for a Singaporean company, which means that inlanders must hire a Singapore citizen or permanent resident as a company director. A company also needs to designate a company secretary, a position that can be provided by professional service agencies.

Secondly, tax issues are an important factor that inlanders must consider when registering a company in Singapore. Singapore's corporate income tax rate is relatively low, currently 17%, and there are further reduction policies for eligible small businesses. Singapore does not have a Value-Added Tax VAT or capital gains tax. This makes Singapore an extremely attractive investment destination. However, inlanders should note that although Singapore's corporate income tax rate is low, companies still need to comply with strict financial reporting requirements and regularly submit financial statements to the tax authorities.

In addition to tax issues, inlanders should also pay attention to Singapore's labor laws. Singapore's labor laws aim to protect employee rights while clearly stipulating requirements for employers. For example, employers must contribute to the Central Provident Fund CPF, which is a mandatory savings plan in Singapore. Although Singapore's minimum wage standard is not high, some industries may face higher salary pressures. Before hiring employees, inlanders should fully understand relevant laws and regulations to ensure compliance.

In recent years, Singapore has continuously introduced various preferential policies to attract foreign enterprises and talents. For example, in 2025, Singapore launched the Entrepass program aimed at attracting founders of startups with high growth potential. Holders of this pass can not only start companies but also enjoy a series of convenient measures, such as visa extensions and accompanying family members. If inlanders hope to develop their business in Singapore, they can consider applying for this pass.

Of course, inlanders who register companies in Singapore also face some challenges. Language barriers may be a problem, although English is the main official language in Singapore, communication difficulties may still exist for those unfamiliar with English. Cultural differences may also affect the operational efficiency of enterprises. Before entering the Singapore market, inlanders should try to conduct market research in advance and seek guidance from local professional advisory teams.

Registering a company in Singapore is a task full of opportunities but requires careful handling. By gaining a deep understanding of Singapore's laws, taxes, culture, and business environment, inlanders can better seize opportunities and achieve their own business goals. In the future, as Singapore continues to deepen its internationalization strategy, it is believed that more inland enterprises will choose to take root and develop in this Asian financial center.