A Complete Guide to Company Registration in Singapore for Chinese Simplified Process to Get Started Easily

How to Easily Register a Company in Singapore A Comprehensive Guide for Chinese Entrepreneurs

In recent years, as the global business environment has evolved and China's economy has continued to grow, more and more Chinese entrepreneurs have turned their attention to overseas markets in search of broader development opportunities. Among the many international business hubs, Singapore has become a top choice for Chinese entrepreneurs looking to register companies abroad. Thanks to its stable environment, efficient services, strategic location, and investor-friendly policies, Singapore has attracted a growing number of Chinese investors.

According to the latest data released by Enterprise Singapore in 2025, the number of Chinese-invested companies registered in Singapore increased by approximately 18% year-on-year, reflecting the continued confidence of Chinese investors in the Singaporean market.

This article aims to provide a practical, step-by-step guide for Chinese investors interested in setting up a company in Singapore, covering registration procedures, required documents, and key considerations.

1. Advantages of Registering a Company in Singapore

Let’s first explore why Singapore is the top choice for many Chinese investors.

1.1 Favorable Tax Regime

Singapore has one of the lowest corporate tax rates globally, with a maximum corporate income tax of just 17%. Additionally, Singapore offers clear tax exemption policies for foreign-sourced income. The country has signed Double Taxation Avoidance Agreements DTAs with more than 80 countries and regions, helping businesses optimize their cross-border tax planning.

1.2 Low Registration Threshold

There is no minimum capital requirement for foreign investors registering a company in Singapore. The registration process is straightforward and typically takes only 1-3 days to complete. Foreign investors can own 100% of the company without needing a local partner.

1.3 Excellent Business Environment

According to the World Bank’s 2025 Ease of Doing Business Report, Singapore has consistently ranked at the top globally for years. Its transparent and efficient government services, combined with a robust legal system, make it an ideal place to do business.

1.4 Mature Financial System

As one of Asia’s key financial centers, Singapore offers a well-developed banking system and strong financial services support, making it easy for companies to conduct international settlements and financing.

1.5 Strategic Geographic Location

As a hub in Southeast Asia, Singapore connects China with ASEAN countries, making it an ideal base for companies looking to expand into the regional market.

2. Basic Steps to Register a Company in Singapore

Now that we’ve covered the advantages, let’s look at the specific steps involved in registering a company in Singapore.

2.1 Determine the Company Structure

The most common type of company in Singapore is a Private Limited Company. This structure offers limited liability protection and is suitable for most small and medium-sized enterprises. Other options include setting up a branch office, representative office, or partnership, but the Private Limited Company remains the most popular and recommended option.

2.2 Choose and Approve a Company Name

Before registration, applicants must submit a company name for approval via the Accounting and Corporate Regulatory Authority ACRA website. The approval process usually takes about one hour. If the name is already taken or deemed inappropriate, it will be rejected.

2.3 Prepare Required Documents

These typically include

Company Constitution Memorandum and Articles of Association

Identity documents passport or ID of shareholders and directors

Proof of registered address a virtual office address is acceptable

Details of the company secretary must be a Singapore resident

2.4 Submit the Registration Application

The application can be submitted online via ACRA’s BizFile+ system. The entire process can be completed within a day, with registration fees around SGD 300 approximately RMB 1,500.

2.5 Open a Corporate Bank Account

After registration, you can open a corporate bank account with local banks such as DBS, OCBC, or UOB. Some banks allow remote account opening, but in most cases, a director must visit Singapore in person.

2.6 Apply for Relevant Licenses and Permits

If your company operates in a regulated industry e.g., food and beverage, education, healthcare, you will need to apply for specific licenses from the relevant authorities.

3. Detailed Overview of Required Documents

For Chinese investors, the documentation required to register a company in Singapore is relatively straightforward, but completeness is crucial for a smooth approval process.

Director and Shareholder Information At least one director must be a Singapore resident can be a hired professional director, while shareholders can be foreign nationals.

Identity Documents Passport scans and proof of address e.g., utility bills or bank statements.

Registered Address in Singapore Must be a physical or virtual address located in Singapore.

Company Constitution Can be drafted by a registration agent or prepared independently.

Company Secretary Must be a Singapore resident, typically provided by a registration agent.

4. Common Issues and Key Considerations

While the company registration process in Singapore is generally straightforward, there are several important points to keep in mind.

4.1 Local Director Requirement

Under Singapore law, every locally registered company must have at least one local director. If a Chinese investor cannot personally serve or arrange for a local individual, they may hire a professional nominee director. However, it is essential to ensure that the service provider is compliant and trustworthy.

4.2 Role of the Company Secretary

The company secretary is responsible for ensuring compliance, including the submission of annual reports and organizing shareholder meetings. It is advisable to engage an experienced professional secretary to avoid penalties or even company deregistration due to compliance issues.

4.3 Tax Filing Obligations

All companies in Singapore are required to complete annual financial audits and file tax returns. Small companies that meet certain criteria may be exempt from audits. Hiring a professional accounting firm is highly recommended to handle tax and compliance matters.

4.4 Annual Filing and Renewal

Each year, companies must submit an Annual Return to ACRA and pay the annual filing fee. Failure to meet deadlines may result in fines or even the dissolution of the company.

5. Practical Tips and Recommended Resources

To help Chinese investors navigate the registration process smoothly, here are some practical suggestions

Engage a Professional Registration Agent While it’s possible to register a company independently, most people opt for a professional agent to save time and ensure compliance. Reputable local agents include Rikvin and Paul Hype Page.

Stay Updated on Policy Changes Singapore updates its policies frequently. It is advisable to regularly check the ACRA website or consult professional agencies for the latest information.

Optimize Tax Planning Make full use of Singapore’s tax incentives by structuring your company and managing profits strategically to reduce costs.

Build Local Networks Join organizations such as the Singapore Chinese Chamber of Commerce and Industry or the SME Association to expand your business connections.

Conclusion

With its open and efficient business environment, Singapore serves as a vital stepping stone for Chinese entrepreneurs looking to expand globally. Whether in cross-border e-commerce, technology startups, or trade and investment, Singapore offers strong support.

For Chinese entrepreneurs aiming to go global, understanding the registration process and staying informed about policy changes are the first steps toward success. We hope this guide provides you with clear direction and practical insights to help you confidently embark on your entrepreneurial journey in Singapore and thrive in the international market.