Comprehensive Guide to Singapore Company Registration Process Fees Explained!

A Simple Guide to Company Registration in Singapore Process and Costs Explained

In recent years, as global economic integration has accelerated, more entrepreneurs and investors have turned their attention to the Southeast Asian market. Among the vibrant economies in this region, Singapore has emerged as a top destination for setting up overseas businesses, thanks to its stable political and economic environment, efficient financial system, and strategic geographical location.

According to data released by Enterprise Singapore in 2025, despite some global economic uncertainties, the number of new companies registered in Singapore continues to grow steadily. Technology, trading, and consulting firms account for a significant and rising portion of these new businesses. This trend clearly reflects Singapore’s enduring appeal as a global business hub.

If you're considering setting up a company in Singapore, this guide will walk you through the basic registration process and associated costs, helping you take your first confident step into entrepreneurship.

1. Why Register a Company in Singapore?

Before diving into the registration process, let's explore why Singapore is a popular choice among global investors

Favorable Tax Regime Singapore follows a territorial tax system, with a maximum corporate income tax rate of just 17%. Newly established companies also enjoy tax exemption schemes for their first three years.

Business-Friendly Environment Singapore consistently ranks high in the World Bank’s Ease of Doing Business Index. It welcomes foreign investment and offers an efficient, transparent approval process.

Robust Financial System As one of Asia’s most developed financial centers, Singapore provides easy access to capital and facilitates cross-border fund management.

Strategic Location Situated at the heart of Southeast Asia, Singapore serves as a key link between China, India, and ASEAN countries, making it ideal for regional expansion.

2. Basic Requirements for Company Registration in Singapore

Before starting the registration process, ensure that you meet the following requirements

At least one director who is ordinarily resident in Singapore can be a foreigner but must hold an Employment Pass or EntrePass.

At least one shareholder individual or corporate entity.

A registered office address located in Singapore.

Appointment of a company secretary within six months of incorporation typically handled by a professional service provider.

Minimum paid-up capital of SGD 1 no upper limit.

Some regulated industries such as finance, healthcare, and education require specific licenses - consult relevant authorities or advisors before proceeding.

3. Step-by-Step Registration Process

The entire company registration process in Singapore is generally efficient and can be completed within 3 to 5 working days. Here’s how it works

1. Choose and Reserve a Company Name

Submit your preferred company name for approval via the Accounting and Corporate Regulatory Authority ACRA online portal. If the name is available and meets guidelines, approval is usually instant.

2. Prepare Required Documents

Gather necessary documents including

Identity proof and passport copies of shareholders and directors

Proof of registered address

Company constitution Articles of Association

Appointment letter for the company secretary

3. Submit Incorporation Application

Use ACRA’s BizFile+ platform to submit the application, which includes details about the company, shareholders, and directors. Pay the applicable fees during submission.

4. Receive Certificate of Registration

Once approved, ACRA issues an electronic Business Profile, serving as the official certificate of incorporation.

5. Open a Corporate Bank Account

With the Business Profile and other required documents, open a corporate bank account in Singapore. Major banks include HSBC, OCBC, and DBS.

6. Complete Tax and Other Regulatory Requirements

Depending on your business type, register for Goods and Services Tax GST, CPF employer accounts, and other relevant services with the Inland Revenue Authority of Singapore IRAS.

4. Registration Cost Overview

The total cost of registering a company in Singapore is relatively low, and typically includes the following

Item Cost Range SGD

--

Company Name Reservation 15

Company Registration Fee 300-1,000 depending on service provider

Registered Address Rental 200-800/year

Company Secretary Service 500-2,000/year

Bank Account Opening Fee 0-500 varies by bank

Note Engaging a professional agent or law firm may bring the total cost to between SGD 1,500 and SGD 4,000, depending on the package chosen.

5. Post-Registration Considerations

After successfully incorporating your company, keep the following compliance matters in mind

Annual Filing Requirements Submit annual returns, audited financial statements if applicable, and other reports to ACRA each year.

Tax Compliance File tax returns on time and fulfill GST obligations to avoid penalties.

Employment Obligations If hiring local employees, comply with labor laws and manage CPF contributions accordingly.

Ongoing Maintenance Ensure your company remains active and compliant to avoid being marked as dormant or struck off the register.

Conclusion

With its open economy, efficient administration, and strong legal framework, Singapore continues to attract global businesses looking to expand overseas. For entrepreneurs eyeing international markets, understanding the company registration process and associated costs is a crucial first step. Whether you're a startup or an established enterprise, thorough preparation and smart planning can help you smoothly launch and grow your business in Singapore.