A Detailed Guide to Registering a Company in Singapore from Hangzhou - Must-Read for Interested Parties!

Thinking About Registering a Singapore Company in Hangzhou? Here’s a Comprehensive Guide!

As globalization continues to deepen, more and more Chinese companies are setting their sights on overseas markets in search of broader development opportunities. Singapore, one of Asia’s most competitive business hubs, has attracted a large number of Chinese enterprises due to its stable environment, strategic geographical location, robust financial system, and favorable tax policies. For entrepreneurs and business owners in Hangzhou, establishing a company in Singapore not only helps expand into international markets but also provides strong support for cross-border operations.

1. Why Choose Singapore?

For many consecutive years, Singapore has been ranked among the top countries for ease of doing business by the World Bank. Its company registration process is efficient, transparent, and highly open to foreign investment. According to the latest data from 2025, the maximum corporate income tax rate in Singapore is only 17%, significantly lower than that of many developed countries. Singapore has also signed numerous double taxation avoidance agreements with countries and regions including China, facilitating smoother cross-border capital flows.

Furthermore, Singapore actively encourages foreign businesses to set up regional headquarters or innovation centers, especially offering multiple preferential policies in sectors such as technology, financial services, and green energy. These advantages make Singapore an ideal launchpad for Hangzhou-based companies looking to expand globally.

2. Basic Requirements for Registering a Company in Singapore

For entrepreneurs in Hangzhou, registering a company in Singapore is not complicated, but there are several key requirements to be aware of

1. Company Name The company must have an English name, which needs to be approved by Singapore’s Accounting and Corporate Regulatory Authority ACRA to ensure it is not already registered.

2. Shareholders and Directors At least one director is required, who must be at least 18 years old and can be a Singapore citizen, permanent resident, or foreigner holding a valid work pass. Shareholders can be individuals or corporations, with no nationality restrictions.

3. Paid-up Capital The minimum paid-up capital is SGD 1, with no upper limit, and capital can be contributed in installments.

4. Registered Address A valid Singapore-based office address must be provided.

5. Company Secretary After incorporation, a company secretary must be appointed, whose responsibilities include filing annual reports and maintaining corporate documents.

3. How Hangzhou-Based Companies Can Register Efficiently

Although the process of registering a Singapore company is relatively straightforward, it is crucial for Hangzhou-based companies to complete the process efficiently and in compliance with regulations. Here are the key steps

1. Prepare Required Documents

Companies need to prepare relevant documents, including but not limited to the company’s constitution, shareholder identification, director information, and proof of registered address. If the shareholder is a corporate entity, a copy of the business license and a letter of authorization are also required.

2. Engage a Registration Agent

Due to geographical and language barriers, most Hangzhou-based companies choose to work with a professional registration agency. These agencies are typically well-versed in Singaporean laws and regulations, offering end-to-end services from company name approval and document preparation to subsequent bank account opening, significantly saving time and effort.

3. Submit Registration Application

The registration application is submitted through ACRA’s online system, along with the required fees. In most cases, the incorporation process can be completed within one working day.

4. Open a Bank Account

After the company is successfully registered, a corporate bank account needs to be opened in Singapore. Some banks allow remote account opening, while others require directors to visit Singapore in person. Hangzhou-based companies can choose the most suitable bank and service method based on their specific needs.

5. Post-Incorporation Compliance

Singapore-based companies are required to submit annual financial statements and file tax returns. It is advisable to hire a local accounting firm for professional financial and tax management to ensure compliance and smooth operations.

4. Policy Support and Competitive Advantages of Hangzhou Enterprises

In recent years, Hangzhou has actively promoted its Go Global strategy for enterprises, introducing multiple supportive policies, including facilitation of cross-border investment, optimization of capital repatriation mechanisms, and tax incentives. These policies complement Singapore’s favorable business environment, providing Hangzhou enterprises with strong external support.

For example, in early 2025, the Hangzhou Municipal Bureau of Commerce issued new measures to further support enterprises in expanding into international markets, explicitly stating increased support for investments in countries and regions along the Belt and Road Initiative, including Singapore. Hangzhou-based companies planning to establish a presence in Singapore may also apply for relevant financial subsidies and financing support.

As a key hub for China’s digital economy, Hangzhou is home to major tech companies like Alibaba and NetEase, giving local enterprises strong international operational capabilities. Leveraging Singapore as a global platform enables Hangzhou’s tech companies to more easily access markets in Southeast Asia and beyond, expanding their overseas presence.

5. Conclusion

For businesses in Hangzhou, registering a company in Singapore is not only an effective way to expand into international markets but also a strategic move to enhance the company’s global image and optimize resource allocation. As cooperation between China and Singapore continues to deepen in areas such as trade, technology, and finance, Singapore will remain a vital bridge for Hangzhou enterprises on their journey toward global expansion.

If you are planning to explore overseas markets, consider starting with the registration of a Singapore company - the first step toward global growth.