How Mainlanders Can Successfully Register a Company in Singapore? A Complete Guide!

How Can Mainland Chinese Entrepreneurs Successfully Register a Company in Singapore? Your One-Stop Guide

In recent years, as the global economic landscape continues to evolve, more and more entrepreneurs and investors from mainland China have turned their attention overseas in search of broader development opportunities. Among various international destinations, Singapore has become one of the top choices for mainland entrepreneurs seeking to expand globally, thanks to its stable environment, strategic location, efficient business ecosystem, and investor-friendly policies.

According to data released by Enterprise Singapore in Q1 2025, the number of businesses registered by foreign entrepreneurs increased by over 15% year-on-year, with a significant rise in investors from China. This reflects not only the accelerating trend of Chinese companies going global but also the growing appeal of Singapore as an international financial and trade hub.

So, how can a mainland resident successfully set up and operate a compliant company in Singapore? This article provides a comprehensive guide covering everything from preparation to registration procedures, tax structure, and ongoing management.

1. Define Your Business Plan and Legal Entity Structure

Before officially registering your company, it's essential to clarify your business model, scope of operations, and the type of entity you plan to establish in Singapore. Common structures include

Private Limited Company Pte Ltd The most popular option among foreign investors, this structure offers limited liability, separate legal identity, and is ideal for long-term operations.

Branch Office Suitable for mainland companies that already exist elsewhere and wish to establish a presence in Singapore as an extension of the parent company.

Representative Office Ideal for market research purposes, though it cannot engage in profit-making activities and typically has a validity period of three years.

Choosing the right entity type is crucial for future tax planning, capital movement, and overall management structure.

2. Meet Registration Requirements and Qualifications

Although Singapore welcomes foreign investment, there are several basic requirements

1. At least one local director According to the Accounting and Corporate Regulatory Authority ACRA, every private limited company must appoint at least one director who is ordinarily resident in Singapore e.g., citizen, permanent resident, or employment pass holder.

2. No minimum share capital requirement While there is no legal minimum, it’s advisable to set a reasonable amount based on the scale of your business.

3. Local registered address required A valid physical address in Singapore is mandatory-post office boxes are not acceptable.

4. Appointment of secretary and auditor Within six months of incorporation, all companies must appoint a qualified company secretary and submit audited financial statements annually unless exempt.

If your business falls under specific regulated sectors such as finance, healthcare, or education, additional licensing from relevant authorities will be necessary.

3. Step-by-Step Company Registration Process

Managed primarily by ACRA, the registration process includes the following key steps

1. Company Name Approval Submit your preferred name via ACRA’s online portal. If approved, the name is reserved for 60 days.

2. Submission of Documents Required documents include the company constitution, identification of shareholders and directors, proof of registered address, and appointment of a company secretary. Most filings are now done electronically, often with assistance from professional agents.

3. Obtain Business License Upon approval, your company receives a Unique Entity Number UEN, indicating successful registration. The entire process usually takes 1-3 working days.

4. Open a Corporate Bank Account You may open an account with major banks in Singapore, including DBS, OCBC, and UOB. Some banks allow remote account opening, while others may require a personal visit.

5. Apply for Relevant Permits or Visas If you intend to reside and manage the business long-term, consider applying for an Entrepreneur Pass EntrePass, Employment Pass, or Global Investor Program GIP.

4. Tax Advantages and Incentives

Singapore is widely regarded as one of the world’s most competitive tax jurisdictions due to its simple, transparent, and low-tax regime

Corporate Income Tax A flat rate of 17%, significantly lower than the 25% in mainland China.

Personal Income Tax Progressive rates apply, with a maximum marginal rate of 22%.

Double Taxation Agreements DTAs Singapore has signed DTAs with over 90 countries, including China, facilitating smoother cross-border capital flows.

Tax Exemptions and Incentives Newly incorporated companies enjoy tax exemptions for the first three years. Eligible companies may also benefit from RD tax credits, talent development grants, and other incentives.

Singapore follows a territorial tax system, meaning only income sourced within Singapore is taxed. Profits repatriated from abroad are generally tax-free, making it especially attractive for international trading businesses.

5. Common Issues and Key Considerations

Despite Singapore’s favorable business climate, certain details should not be overlooked during the setup process

Avoiding Shell Company Allegations Singapore enforces strict scrutiny against shell companies. It is recommended to submit a detailed business plan alongside your application.

Maintaining Compliance Companies must file annual returns and financial statements on time; failure to do so may result in fines or even removal from the registry.

Hiring Local Staff For Employment Pass applications, certain salary thresholds and local hiring ratios must be met.

Protecting Intellectual Property Proactively register trademarks, patents, and copyrights in Singapore to prevent infringement risks.

6. Conclusion

As a gateway between Asia and the world, Singapore is increasingly becoming a vital stepping stone for mainland Chinese enterprises expanding internationally. Whether you're looking to enter new markets, optimize your tax strategy, or provide a stable environment for family life and education, setting up a company in Singapore is a strategic decision worth serious consideration.

With proper preparation, a clear understanding of local regulations, and support from professional service providers, mainland individuals can successfully establish and sustain a business in Singapore. If you're ready to embark on this journey, start today-Singapore awaits every visionary like you.