Starting a Company in Singapore? This Guide Makes It Easy!

Want to Register a Company in Singapore? Here’s Your Comprehensive Guide to Do It the Easy Way

In recent years, with global business dynamics and accelerated regional economic integration, more and more international companies have turned their eyes toward Southeast Asia. As a financial and commercial hub in the region, Singapore has become the top choice for entrepreneurs and businesses looking to establish overseas operations. Its stable environment, efficient business climate, and strategic location make it an ideal base.

According to the 2025 World Bank report on the ease of doing business, Singapore continues to rank among the best globally, especially in categories such as starting a business, obtaining credit, and cross-border trade. This further solidifies its position as one of the most attractive investment destinations worldwide.

If you're considering setting up a company in Singapore but are unfamiliar with the procedures, regulations, or required documentation, this guide will walk you through everything you need to know to take your first confident step into entrepreneurship.

1. Understand the Right Business Structure for You

Before registering a company in Singapore, it's important to understand which type of legal structure suits your needs. According to the Accounting and Corporate Regulatory Authority ACRA, the common types of business entities include

Private Limited Company Pte Ltd

The most popular structure, offering limited liability to shareholders and separate legal entity status. Suitable for most small and medium-sized enterprises SMEs.

Branch Office

Ideal for foreign companies already established elsewhere that wish to operate in Singapore. It does not have independent legal status.

Representative Office

Used primarily for market research and business exploration, usually allowed to operate for only two years and cannot engage in profit-making activities.

Partnership and Sole Proprietorship

Easier to set up but without separate legal identity. Partners or owners are personally liable for all debts and obligations.

For most international investors, a Private Limited Company is the preferred option due to its tax benefits, easier access to funding, and ability to attract foreign investment.

2. Basic Requirements for Company Registration

To register a private limited company in Singapore, the following requirements must be met

At least one director who is a local resident Singapore citizen, permanent resident, or Employment Pass holder.

Appointment of a company secretary who must also be a Singapore resident.

No minimum capital requirement; capital can be in any currency.

A registered office address in Singapore.

All directors and shareholders must be at least 18 years old and not bankrupt.

Foreigners may serve as company directors by applying for an Employment Pass EP. Approval is likely if the company has a viable business plan and offers a competitive salary.

3. Step-by-Step Registration Process

The process of registering a company in Singapore is highly efficient and typically takes just 1-3 working days. Here’s how it works

1. Company Name Approval

Submit your proposed company name via ACRA’s website to ensure it is available and complies with naming rules.

2. Prepare Registration Documents

Required documents include

Identity proof of shareholders and directors

Proof of registered address

Draft of the company’s constitution

Appointment letter for the company secretary

3. Submit Application Online

Use ACRA’s BizFile+ system to submit the application and pay the necessary fees.

4. Open a Corporate Bank Account

After registration, open a corporate bank account with local banks like DBS, OCBC, or UOB.

5. Apply for Licenses if applicable

Certain industries-such as food services, education, and finance-require additional licenses or permits.

Professional agents can assist with the entire process, saving time and effort.

4. Tax Advantages and Supportive Policies

Singapore’s tax system is known for its low rates and transparency, making it a magnet for multinational corporations. Key advantages include

Corporate Income Tax A flat rate of 17%, significantly lower than many Western countries.

Tax Exemption Scheme Newly incorporated companies enjoy tax exemptions up to SGD 125,000 in their first three years.

Dividend Tax Exemption From 2025, dividends distributed locally are now tax-free.

No Capital Gains Tax or Inheritance Tax

Additionally, Singapore supports SMEs through programs like the Enterprise Development Grant EDG, which helps companies expand internationally and enhance innovation.

5. Latest Policy Developments and Trends

According to data from Enterprise Singapore released in 2025, the number of newly registered companies grew by over 12% year-on-year, with significant growth coming from firms based in China, India, and the Middle East.

Notably, the Monetary Authority of Singapore MAS has recently introduced several fintech-friendly policies to encourage tech startups to set up headquarters in Singapore. This is excellent news for technology-focused companies targeting the ASEAN market.

At the same time, to align with stricter global anti-money laundering AML regulations, ACRA has enhanced disclosure requirements for beneficial ownership. During the registration process, it is advisable to prepare full shareholder background information in advance to avoid delays.

6. Frequently Asked Questions

Q Can foreigners register a company without a local partner?

A Yes, as long as you appoint a local resident as director or apply for an Employment Pass yourself.

Q Is it necessary to be physically present in Singapore to complete the registration?

A No. Most steps can be completed online or through authorized agents.

Q How much money is needed to register a company?

A Apart from government fees around SGD 300-500, you should also budget for secretary service fees and registered address rental, bringing the total to approximately SGD 1,500-3,000.

Conclusion

With its open and inclusive business environment, robust legal framework, and highly competitive tax regime, Singapore continues to attract entrepreneurs from around the globe. Whether you're launching your first startup or expanding an established business, understanding the correct registration procedures and policy landscape will greatly increase your chances of success.

Now is the perfect time to seize the opportunity. Are you ready to begin your entrepreneurial journey in Singapore?