How to Start a Company in Singapore as a Foreigner? A Comprehensive Guide to the Registration Process and Secrets!

How to Register a Company in Singapore as a Foreigner A Comprehensive Guide

In recent years, with the continuous evolution of the global business landscape, more and more foreign entrepreneurs have turned their attention to Southeast Asia. Among the region’s many options, Singapore has emerged as a top destination for international companies looking to set up operations. Thanks to its stable economy, strategic location, and efficient services, Singapore offers a welcoming environment for businesses of all kinds.

Whether it’s a tech startup, an e-commerce business, or a traditional manufacturing company, Singapore has proven to be highly attractive. According to data released by Enterprise Singapore in 2025, over 30% of newly registered companies in the past year were led by foreign entrepreneurs - a figure that has increased compared to the previous year. This trend clearly shows that Singapore is becoming a golden springboard for global entrepreneurs.

So, how can a foreigner successfully register a company in Singapore? Is the process complicated? What documents are required? Let’s break it down step by step and explore the practical steps for setting up a business in Singapore.

1. Choose the Right Type of Company

The first step in registering a company in Singapore is deciding on the appropriate business structure. The most common options include

1. Private Limited Company Pte Ltd

This is the most popular choice for foreign investors. It is a separate legal entity, and shareholders have limited liability. It’s ideal for mediumto long-term business development.

2. Representative Office RO

Suitable for foreign companies that haven’t yet decided on long-term investment. The RO typically has a three-year setup period and is not allowed to engage in profit-making activities.

3. Branch Office

Designed for companies that already have an overseas parent company. While it doesn’t have independent legal status, it can engage in profit-generating activities.

4. Sole Proprietorship or Partnership

Ideal for small individual entrepreneurs, but not available to foreign citizens for direct registration.

For most foreign investors, the Private Limited Company is the best option, as it offers legal protection and is more likely to secure bank loans and investment.

2. Pre-Registration Requirements

Before officially registering, there are several important steps to complete

1. Company Name Approval

The proposed company name must be approved through the Accounting and Corporate Regulatory Authority ACRA system. Make sure the name is unique and complies with regulations. It’s wise to have 2-3 alternative names ready in case the first choice is unavailable.

2. Appoint a Local Resident Director

Under Singapore law, every private limited company must have at least one director who is a Singapore citizen, permanent resident, or holds a valid work pass such as an Employment Pass. Foreign investors often hire a local director or use a nominee director service through a registration agency.

3. Determine Paid-Up Capital

The minimum paid-up capital in Singapore is just 1 Singapore dollar, but the actual amount can be set according to the company’s development needs. Capital can be in Singapore dollars or other currencies and does not need to be fully paid up at the time of registration.

4. Registered Office Address

A valid local address is required - not a P.O. Box. Many registration agencies offer virtual office address services.

5. Provide Shareholder and Director Information

At least one shareholder and one director must be identified. Identity documents such as a passport, residential address, and contact details are required. For foreign shareholders, an English version of the company structure chart may also be needed.

3. Step-by-Step Registration Process

Singapore’s company registration process is fast and transparent, typically taking just 1-3 business days. Here’s how it works

1. Submit Company Name Application

Apply for the company name via ACRA’s website or through a registration agent. Wait for system approval.

2. Prepare Corporate Documents

This includes the company constitution, shareholder agreements, and director appointment letters. These documents can usually be prepared by a registration agent.

3. Submit Registration Application

All required documents - including company name, director information, capital, and address - are submitted via ACRA’s BizFile+ system.

4. Receive Company Certificate

Once approved, ACRA will issue the Business Profile, officially confirming the company’s registration.

5. Open a Corporate Bank Account

You can open a business bank account with major Singapore banks such as DBS, OCBC, or UOB. Some banks offer remote account opening services.

6. Apply for Business Licenses or Permits

Depending on the nature of your business, you may need to apply for specific licenses - for example, a food license from the Singapore Food Agency SFA or a financial license from the Monetary Authority of Singapore MAS.

4. Tax and Compliance Considerations

Singapore’s tax system is known for its low rates and transparency. The maximum corporate tax rate is 17%, and there is a tax exemption for the first 100,000 SGD of profits. Additionally, Singapore has signed over 80 double taxation agreements with countries around the world, helping businesses optimize their tax structure.

Foreign companies should also keep the following in mind

Submit annual financial statements and tax returns, which must be audited by a certified public accountant.

Maintain proper business records to ensure compliance.

If hiring foreign employees, apply for the appropriate work passes, such as Employment Pass EP or S Pass.

5. Use Professional Services for Simplicity

Although the registration process is straightforward, first-time foreign entrepreneurs may find Singapore’s regulations and procedures unfamiliar. It’s highly recommended to seek help from a professional registration agent or law firm. These agencies often offer one-stop services - including company registration, bank account setup, and visa assistance - which can save time and reduce stress.

Singapore also offers several startup support programs, such as the EntrePass, designed specifically for foreign entrepreneurs who want to start a business in the country. Eligible applicants can apply for long-term residency and even work toward permanent residency PR.

Conclusion

With its efficient, transparent, and business-friendly environment, Singapore has become a dream destination for global entrepreneurs. For foreigners looking to expand into Southeast Asia, understanding how to register a company in Singapore is a crucial first step.

With proper preparation and by leveraging local resources, setting up your own company in Singapore is not only possible - it’s achievable. As regional economic integration deepens, Singapore will continue to serve as a vital bridge connecting global markets with the dynamic economies of Asia.