Singapore Company Registration Costs Revealed Must-Know Info Before Investing in This Hot Market!

Why Singapore is a Top Destination for Global Investors

Against the backdrop of global economic recovery, more and more investors are turning their attention to Southeast Asia. As a key economic hub in the region, Singapore continues to attract global capital with its stable political environment, strategic location, and efficient business ecosystem. If you're considering setting up a company in Singapore, understanding the latest registration costs and policies is the first step toward a successful investment.

1. Advantages of Company Registration in Singapore

Singapore is not only one of the world's most competitive economies but has also been ranked as the best country for doing business for many consecutive years. According to the World Bank’s 2025 Doing Business Report, Singapore once again leads the global rankings. This reputation is built on its efficient public services, transparent legal framework, and attractive low-tax regime.

Singapore has signed numerous free trade agreements and tax treaties with countries and regions around the world, offering multinational companies significant tax optimization opportunities. For investors looking to expand into Asia, Singapore is an ideal gateway.

2. Basic Steps to Register a Company in Singapore

Registering a company in Singapore is a straightforward process, typically completed within 3 to 5 working days. The main steps include

1. Company Name Approval Submit a name application through the Accounting and Corporate Regulatory Authority ACRA to ensure the name is available and meets regulatory requirements.

2. Submit Registration Documents These include the company’s constitution, shareholder and director identification documents, and registered address information.

3. Receive Certificate of Registration Once approved, ACRA issues the certificate, officially marking the company’s establishment.

4. Open a Bank Account After registration, you can open a corporate bank account either locally or with an international bank.

5. Apply for Relevant Licenses Depending on your business nature, you may need to apply for operating licenses from relevant authorities.

3. Breakdown of Registration Costs

While the overall cost of setting up a company in Singapore is not high, the exact amount can vary depending on the company type, service providers, and agent fees. Here’s a general breakdown

Registration Fee Around SGD 300, which includes name approval and registration.

Registered Address Fee Annual cost ranges from SGD 200 to SGD 500, depending on the lease arrangement.

Corporate Secretary Fee As required by law, every local company must appoint a qualified company secretary. Annual fees range from SGD 500 to SGD 1,500.

Audit Fees If your company exceeds a certain revenue threshold, annual audits are required. Fees typically start from SGD 1,000, depending on company size.

Bank Account Opening Fees Some banks charge an account opening fee, usually between SGD 100 and SGD 300.

Agent Service Fees If you use a registration agent, expect to pay between SGD 1,000 and SGD 3,000, depending on the package.

In total, the initial setup cost for a Singapore company generally falls between SGD 2,000 and SGD 5,000. It’s also important to factor in ongoing operational costs such as tax filing, annual compliance, and office rental.

4. Tax Policies and Incentives

Singapore’s tax system is known for its simplicity and low rates. The corporate income tax rate is 17%, with tax exemptions on the first SGD 300,000 of taxable income. The country operates a single-tier tax system, meaning dividends paid to shareholders are not subject to additional taxation.

For startups, Singapore offers several incentive programs, including the Startup Tax Exemption UTE Scheme and the Partial Tax Exemption PTE Scheme, which further reduce the tax burden and support early-stage business growth.

5. Who Benefits Most from Setting Up in Singapore?

Singapore’s business environment suits a wide range of industries, particularly the following

Tech and Innovation Companies With strong government support for digital transformation and innovation, Singapore hosts multiple tech parks and startup incubators.

International Trading Companies Leveraging its position as a global shipping and logistics hub, Singapore is ideal for international trade.

Regional Headquarters Many multinational corporations choose Singapore as their regional HQ to better manage operations across Asia.

Family Offices and Asset Management Firms In recent years, Singapore has become a popular destination for high-net-worth individuals to set up family offices.

6. Conclusion

As the global economic landscape continues to evolve, Singapore remains a top choice for investors due to its resilient economic policies and open business environment. If you're looking for an international, cost-effective, and well-supported investment destination, Singapore is definitely worth serious consideration.

Before setting up your company, make sure to understand the latest regulations and fee structures. When necessary, consult with a professional advisor to ensure a smooth and efficient registration process.

Ready to invest in this vibrant market? Your success story might just begin with your Singapore company.