Guide to Registering a Company in Singapore Empowering Mainland Enterprises to Expand Global Opportunities

How to Register a Company in Singapore A New Opportunity for Mainland Chinese Enterprises to Go Global

In recent years, with significant shifts in the global economic landscape, more and more mainland Chinese enterprises have been seeking international expansion to access overseas markets, diversify business risks, and enhance their global brand influence. Singapore, with its strategic location, stable business environment, robust financial system, and favorable tax policies, has emerged as one of the top destinations for mainland companies looking to expand overseas.

Why Singapore is the Top Choice for Mainland Enterprises Going Global

According to the 2025 World Bank Doing Business Report, Singapore has consistently ranked among the top countries globally in terms of business environment. Its well-established legal system, high operational efficiency, and openness to foreign investment provide an attractive environment for international investors.

As a key hub connecting Southeast Asia and the global market, Singapore boasts a convenient transportation network and a highly efficient port system, making it a crucial node in the Belt and Road Initiative. Additionally, Singapore has signed free trade agreements with numerous countries, including China, offering advantages in import/export procedures and tax compliance.

In recent years, many mainland enterprises in technology, manufacturing, and trading have set up regional headquarters or subsidiaries in Singapore. For instance, in early 2025, a major Chinese cross-border e-commerce platform established its Southeast Asia operations center in Singapore to better serve the ASEAN market. This trend highlights Singapore's growing role in the internationalization strategies of mainland enterprises.

Key Steps to Register a Company in Singapore

For mainland enterprises, registering a company in Singapore is not overly complex, but it does require familiarity with local laws and registration procedures. The following outlines the main steps

1. Determine the Company Structure

The most common and preferred structure is a Private Limited Company Pte Ltd, which offers limited liability protection and is suitable for various business activities.

2. Company Name Approval

Before registration, the proposed company name must be submitted to the Accounting and Corporate Regulatory Authority ACRA for approval to ensure it is unique and compliant.

3. Prepare Required Documents

The following are the basic requirements

At least one director aged 18 or above can be a foreigner

A company secretary who is a Singapore resident

A registered office address in Singapore

Shareholder information and share distribution

Company Constitution formerly known as the Articles of Association

4. Submit Registration Application

The application can be submitted via ACRA’s online system, BizFile+. In most cases, the registration can be completed within hours. Upon approval, ACRA will issue a Business Profile, which serves as the company registration certificate.

5. Open a Corporate Bank Account

After registration, businesses can open a corporate bank account in Singapore. Some banks offer remote account opening services, which is particularly convenient for mainland enterprises.

6. Apply for Licenses and Tax Registrations

Depending on the business nature, companies may need to apply for relevant licenses e.g., for food services, construction, or healthcare and complete tax registrations. This includes applying for a GST number if annual revenue exceeds SGD 1 million and an employer registration number if hiring employees.

Singapore’s Tax Advantages and Policy Support

Singapore’s low tax rates and favorable tax policies have attracted a large number of foreign enterprises. The corporate income tax rate is 17%, significantly lower than that of many developed countries. It follows a territorial tax system, meaning only income sourced in Singapore is taxed. Foreign-sourced income is generally tax-exempt unless remitted into Singapore.

The government also offers a variety of incentive programs, such as RD tax deductions, the Global Trader Programme GTP, and financial and tech incentive schemes, providing financial support and tax benefits for startups and high-growth companies.

For example, in 2025, the Economic Development Board EDB introduced special subsidies for sectors such as artificial intelligence and green technology, encouraging innovative and high-tech enterprises to establish themselves in Singapore. This is a significant advantage for mainland enterprises aiming to expand into high-tech and smart manufacturing sectors.

Business Environment and Support Services in Singapore

Singapore places a strong emphasis on enterprise support, offering a comprehensive ecosystem for businesses. Organizations such as International Enterprise Singapore IE Singapore and Enterprise Singapore provide one-stop services including market expansion, financing support, and talent acquisition.

As Asia’s second-largest financial center, Singapore offers a world-class financial system. Its efficient banking infrastructure and diverse financing channels-such as bond markets, venture capital, and government grants-offer strong financial backing for businesses.

Key Considerations for Mainland Enterprises

While Singapore provides a favorable business environment, companies should keep the following in mind during registration and operations

1. Compliance Management

Adhere to local laws and regulations, especially those related to labor, taxation, and industry-specific compliance.

2. Local Operations

It is advisable to establish a local team or engage professional service providers to manage language, cultural, and management differences effectively.

3. Financial Management

Establish a compliant financial system and ensure timely tax filing and audits to avoid legal risks caused by poor management.

4. Long-Term Planning

Setting up a company in Singapore is only one part of internationalization. Companies should also consider market expansion, brand building, and talent acquisition as part of a broader strategic plan.

Conclusion

As a global business hub, Singapore offers mainland Chinese enterprises a solid platform for international expansion. By registering a company in Singapore, businesses can enhance their global image and leverage the country’s mature legal and financial systems to achieve a global presence. With the deepening of Sino-Singaporean economic and trade cooperation, more mainland enterprises will use Singapore as a springboard to access broader international markets.