Singapore Company Registration Requirements A Detailed Guide Here!

What Are the Requirements for Company Registration in Singapore? A Detailed Guide!

In recent years, with the acceleration of global economic integration, more and more entrepreneurs and small-to-medium enterprises SMEs have turned their attention to Singapore-a country known for its stable business environment, strategic geographical location, and efficient administrative system. As one of the world's most competitive economies, Singapore attracts a large number of international investors with its low tax rates, robust legal framework, and high-efficiency services.

According to data released by the Accounting and Corporate Regulatory Authority ACRA in Singapore, the number of newly registered businesses continued to grow in 2025, reflecting the country's strong appeal as an international business hub. For entrepreneurs planning to set up a company in Singapore, what are the key requirements for company registration? This article provides a detailed overview of the registration process and related requirements.

1. Choosing a Company Type

The most common type of company in Singapore is the Private Limited Company, also known as Pte. Ltd. This structure has a separate legal identity, and shareholders are liable only up to the amount they have invested. It is the preferred choice for most investors.

Other common company types include

Branch Office Suitable for foreign companies wishing to establish a presence in Singapore, but it does not have independent legal status.

Representative Office Ideal for initial market research, but it is not allowed to engage in profit-generating activities.

Sole Proprietorship and Partnership Suitable for individual entrepreneurs or partners, but these structures do not offer limited liability protection.

2. Basic Requirements for Company Registration

1. Company Name Approval

Before registration, the proposed company name must be submitted through ACRA’s BizFile+ system for approval. The name must not be already taken and should not contain sensitive or inappropriate words. If rejected, a new name must be submitted.

2. At Least One Local Director

Under Singapore company law, at least one director must be a Singapore citizen, permanent resident, or holder of a valid work pass e.g., Employment Pass or S Pass, and must be at least 18 years old. Foreigners can serve as other directors, but the requirement for at least one local director must be met.

3. Company Secretary

All Singapore companies must appoint a company secretary within six months of registration. The secretary must be a Singapore resident and is often provided by a professional service provider.

4. Minimum Paid-Up Capital

The minimum paid-up capital for a Singapore company is SGD 1, with no upper limit. Capital can be denominated in Singapore dollars or other currencies, but at least one share must be issued at the time of incorporation.

5. Registered Address

A company must have a registered office address in Singapore, which cannot be a P.O. Box. The address must remain valid after registration and be capable of receiving official correspondence.

6. Number of Shareholders

A private limited company cannot have more than 50 shareholders, who can be individuals or corporate entities, with no nationality restrictions.

3. Registration Process Overview

1. Prepare Required Documents

This includes the company name, shareholder and director details, paid-up capital, and a description of the main business activities.

2. Submit Registration Application

Applications are submitted via ACRA’s BizFile+ platform, and approval is typically granted within a few hours.

3. Open a Corporate Bank Account

After registration, the company can apply to open a corporate bank account in Singapore. Some banks may require directors to be present in person.

4. Apply for Relevant Licenses If Applicable

If the company operates in a regulated industry e.g., food services, healthcare, education, it must apply for the necessary operating licenses from the relevant authorities.

5. Tax Registration

If the company’s annual turnover exceeds SGD 1 million, it must register for Goods and Services Tax GST with the Inland Revenue Authority of Singapore IRAS. It is also required to submit corporate income tax returns as required.

4. Taxation and Compliance Requirements

Singapore follows a territorial tax system, meaning companies are taxed only on income sourced within Singapore. The corporate income tax rate is 17%, with tax exemptions or reductions available for the first SGD 300,000 of profits.

Additionally, Singapore has signed double tax treaties with more than 80 countries, helping businesses reduce cross-border tax liabilities.

From a compliance perspective, companies must

Submit an Annual Return and financial statements to ACRA.

Hold an Annual General Meeting AGM and file a director’s declaration.

Small companies that meet certain criteria may qualify for simplified reporting requirements.

5. Frequently Asked Questions

Is it necessary to have a physical office in Singapore?

Yes, a company must have a registered address in Singapore, but it doesn’t need to rent a physical office. Many startups opt for shared office address services.

Can foreigners own 100% of the company?

Yes, Singapore allows 100% foreign ownership with no requirement for local equity participation.

Is it necessary to be physically present in Singapore for registration?

In most cases, no-the registration can be completed through a professional agent. However, some banks may require directors to be present in person when opening a corporate bank account.

6. Conclusion

With its efficient registration process, transparent legal environment, and attractive tax policies, Singapore has become a top destination for entrepreneurs and investors worldwide. As the global economic landscape continues to evolve, Singapore’s strategic role in the regional economy is becoming even more prominent.

Whether you're a startup or a multinational corporation, registering a company in Singapore can provide strong support for expanding into the Asian market. If you're considering setting up business operations in Southeast Asia, consider Singapore as your preferred base and embark on your journey toward international growth.