How Much Does It Cost to Register a Company in Singapore? A Comprehensive Guide!

How High Is the Cost of Company Registration in Singapore? You’ll Understand After Reading This!

In recent years, with the acceleration of global economic integration, more and more entrepreneurs and small-to-medium enterprises SMEs have turned their attention overseas, seeking better business environments and broader market opportunities. Singapore, as one of the world’s most competitive business hubs, has become a top destination for companies looking to expand internationally. With its stable political environment, efficient services, transparent legal system, and highly favorable tax policies, Singapore offers an attractive platform for global business. But how much does it really cost to register a company in Singapore-does it come with a sky-high price tag, or is it worth every penny? This article will provide a detailed breakdown from multiple perspectives.

1. Why Is Singapore a Popular Destination for Company Registration?

Before diving into the costs, let’s first explore why Singapore has become such a favored location for business registration.

According to the World Bank’s 2025 Ease of Doing Business Report, Singapore consistently ranks among the top countries globally, especially in areas such as starting a business, obtaining credit, and enforcing contracts. The country maintains an open attitude toward foreign investors, with a corporate income tax rate of just 17%. Additionally, profits of up to SGD 100,000 are tax-exempt, making Singapore particularly attractive for startups.

Singapore also boasts a mature financial system, offering world-class banking and capital market services that facilitate international transactions and financing. For businesses aiming to expand into Southeast Asia or establish a global presence, Singapore serves as an ideal springboard.

2. Basic Process of Company Registration in Singapore

Before discussing the costs, it’s helpful to understand the registration process. Typically, setting up a Private Limited Company Pte. Ltd. involves the following steps

1. Company Name Approval Submit the proposed company name to the Accounting and Corporate Regulatory Authority ACRA.

2. Preparation of Registration Documents Includes the company’s constitution, shareholder and director information, and registered address.

3. Submission of Application File the registration through ACRA’s BizFile+ online system.

4. Receipt of Certificate of Registration Download the electronic certificate upon approval.

5. Opening a Corporate Bank Account Choose a suitable local or international bank for account setup.

The entire process usually takes just 1-3 working days, reflecting Singapore’s high operational efficiency.

3. Detailed Breakdown of Registration Costs

It’s important to note that costs may vary depending on the company type, registration method, and whether or not a third-party agent is used. Here’s a breakdown of the main expenses

1. Registration Fees

Company Name Application Fee SGD 15 approximately RMB 80

Company Registration Fee SGD 300 approximately RMB 1,600

These are standard fees charged by ACRA and are fixed once the company name is approved and registration is completed.

2. Statutory Secretary Service Fee

Annual Fee SGD 600-1,200 approximately RMB 3,200-6,400

Singapore law requires all local companies to appoint a local statutory secretary. Many entrepreneurs opt for professional services if they lack experience. Some agents offer the first year of service for free to attract clients.

3. Registered Address Fee

Virtual Office Address Annual Fee SGD 300-800 approximately RMB 1,600-4,200

While a physical office is not mandatory, a local registered address is required. For startups, a virtual office address is a cost-effective option.

4. Company Seal and Document Production

Cost SGD 100-300 approximately RMB 500-1,600

This includes the production of official company seals and constitutional documents. Some registration agents include this in their service packages.

5. Bank Account Opening Service Fee

Opening Fee SGD 200-500 approximately RMB 1,000-2,600

While banks typically do not charge for account opening, some may impose an initial handling fee or require a minimum deposit.

6. Agent Service Fee

Full Package Fee SGD 800-2,000 approximately RMB 4,200-10,500

Many entrepreneurs choose to work with professional agents who provide a full range of services including company registration, secretary services, and address provision. It’s advisable to choose a reputable and licensed provider.

4. Comprehensive Cost Analysis

If an entrepreneur opts for a full-service agent to handle the entire registration process-including name approval, registration, statutory secretary services, registered address, and seal production-the total cost typically ranges from SGD 1,500 to 3,000 approximately RMB 8,000-16,000.

Including the first year’s statutory secretary and address fees, the total initial cost could be between SGD 2,000 to 4,000 approximately RMB 10,500-21,000.

Keep in mind that these are just the registration and initial operational costs. As the company grows, additional expenses such as tax filing, annual audits, accounting services, and employee hiring may arise.

5. Cost Comparison with Other Countries

Compared to countries like the United States, the UK, and Australia, Singapore’s company registration costs are relatively low

California, USA Registration fees range from USD 100-300, but an annual Franchise Tax of USD 800 is required, with varying state regulations.

UK Online registration costs only GBP 12, but the corporate tax rate is 19%, and compliance requirements are strict.

Hong Kong, China Registration costs are around HKD 2,000, but recent policy changes have made bank account opening more difficult, increasing hidden costs.

In contrast, Singapore offers a streamlined registration process and lower overall operating costs, making it a more attractive option.

6. Recent Trends and News

According to data released by Enterprise Singapore in 2025, the number of newly registered companies reached 63,000 in 2025, reflecting a 7.2% year-on-year increase. The fastest-growing sectors include technology, finance, and trade, highlighting Singapore’s appeal as a regional business hub.

In early 2025, the Monetary Authority of Singapore MAS launched the Financial Innovation Support Program to encourage fintech companies to establish headquarters in Singapore. These initiatives provide additional tax incentives and funding support for registered businesses.

7. Conclusion

In summary, the cost of registering a company in Singapore is not prohibitively high. Considering the favorable business environment, efficient government services, and attractive tax policies, the investment is well worth it. For entrepreneurs aiming to expand internationally, registering in Singapore is not just a financial decision-it’s a strategic move toward global market access.

If you’re considering expanding your business overseas, don’t overlook Singapore. Its efficient, transparent, and cost-effective business environment could be the key to launching your company onto the global stage.