Want to Start a Company in Singapore? Must-Know Biz Registration Requirements!

Thinking of Registering a Company in Singapore? Here’s What You Need to Know

In recent years, as the global economic landscape continues to evolve, more entrepreneurs and business owners have turned their attention to the Southeast Asian market. As a regional financial and business hub, Singapore has become the top choice for many international companies looking to establish overseas operations, thanks to its stable environment, efficient legal system, and strategic location. Particularly since 2025, with the deeper implementation of the Regional Comprehensive Economic Partnership RCEP, Singapore’s role as a trade hub in the region has become even more prominent, attracting more businesses to invest and set up operations.

If you're considering registering a company in Singapore, understanding the local registration requirements and procedures is the first step. The following key information will help you smoothly navigate the process.

1. Basic Requirements for Company Registration in Singapore

In Singapore, the most common and suitable structure for small and medium-sized enterprises is a Private Limited Company. This type of company has a separate legal identity, offers limited liability to shareholders, and is ideal for risk management and business expansion. Here are the basic requirements

1. At least one shareholder Can be an individual or corporate entity, but at least one shareholder must be a natural person.

2. At least one director Must be at least 18 years old and a natural person. At least one director must be a Singapore resident Singapore citizen, Permanent Resident, or Employment Pass holder.

3. Company Secretary A qualified company secretary must be appointed within 6 months of registration. The secretary must be a Singapore resident.

4. Paid-up Capital The minimum paid-up capital is SGD 1, with no upper limit. Capital can be issued in installments and is not required to be fully paid upfront.

5. Registered Address The company must have a physical address in Singapore - a P.O. Box is not acceptable.

6. Business Activities The primary business scope must be clearly defined, with a maximum of two main business activities.

2. Registration Process and Required Documents

The process of registering a company in Singapore is relatively straightforward and efficient, usually completed online via the Accounting and Corporate Regulatory Authority ACRA. The entire process typically takes 1-3 working days. Here are the main steps

1. Company Name Approval Submit the proposed company name, and ACRA will respond within minutes. The name must not be identical or too similar to existing companies.

2. Prepare Registration Documents These include identity and address proofs of shareholders and directors, the company’s constitution, and the appointment letter for the company secretary.

3. Submit Application File the application electronically through ACRA’s BizFile+ system.

4. Receive Certificate of Registration Once approved, the system will issue a Certificate of Registration, officially establishing the company.

After registration, the following steps are also required

Open a corporate bank account

Apply for relevant industry licenses e.g., food and beverage, finance, construction

Register for a Unique Entity Number UEN

Register for Goods and Services Tax GST with the Inland Revenue Authority of Singapore IRAS, if applicable

3. Tax Policies and Incentives

Singapore attracts foreign investment with its low tax rates and comprehensive tax incentive programs. The corporate income tax rate is 17%, with tax exemptions and rebates for newly established companies. For example, the first SGD 100,000 of taxable income is tax-free, and the next SGD 200,000 receives a 50% tax rebate.

Singapore also has Avoidance of Double Taxation Agreements DTAs with more than 80 countries worldwide, helping to reduce cross-border tax burdens. For technology and innovation-driven companies, the Economic Development Board EDB offers various subsidies and funding programs to support RD and business expansion.

According to data from the first quarter of 2025, the number of new company registrations in Singapore increased by approximately 8% year-on-year, with tech startups and cross-border e-commerce businesses showing particularly strong growth - a clear indication of the market’s confidence in Singapore’s business environment.

4. Frequently Asked Questions

1. Can foreigners own 100% of a Singapore company?

Yes, Singapore allows 100% foreign ownership without the need for a local partner.

2. Is it necessary to visit Singapore in person to register a company?

No. The entire registration process can be completed online through an authorized agent, without the need for the investor to be physically present.

3. Must the company operate physically in Singapore?

While Singapore allows the establishment of non-resident companies, to qualify for tax incentives or apply for work visas such as the Employment Pass, it is advisable to have substantial local operations.

4. Is annual tax filing required after registration?

Yes. All companies must submit annual financial statements and tax returns, even if no profits are made a nil return is acceptable.

5. Conclusion

Amid increasing global economic uncertainty, Singapore stands out as a key stepping stone for companies aiming to go international, thanks to its efficient business environment, stable legal system, and open market policies. Whether you're a startup or an established business, understanding and meeting Singapore's company registration requirements will lay a solid foundation for your international expansion.

If you're considering entering the Southeast Asian market or looking for a reliable overseas jurisdiction for company registration, Singapore is undoubtedly a top contender worth serious consideration.