How to Start a Company in Singapore? A Step-by-Step Guide to Registration and Launching Your Overseas Business with Ease

In today’s rapidly globalizing world, more and more entrepreneurs and small business owners are turning their eyes overseas-seeking broader markets and more favorable business environments. And in Asia, one destination has long stood out as a top pick among international investors Singapore. Thanks to its political stability, transparent legal system, low tax rates, and strategic location, Singapore has become the go-to launchpad for countless companies going global. Recently, with the booming digital economy across Southeast Asia, an increasing number of Chinese entrepreneurs have chosen to register their businesses in Singapore as a springboard into the ASEAN market.

According to data released by Enterprise Singapore, the number of newly registered companies surged by over 8% year-on-year in 2025, with foreign-owned firms making up a significantly larger share-especially tech startups, e-commerce platforms, and cross-border e-commerce ventures from China. Behind this trend lies Singapore’s consistently attractive and open business environment.

So how exactly can an ordinary person set up a company in Singapore? Is the process complicated? What documents are needed? Today, we’ll walk you through everything step by step-helping you cut through the confusion and confidently start building your international business.

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1. Why Choose Singapore?

Before diving into the details, let’s first understand why so many people choose Singapore.

First off, the tax system is highly competitive. The corporate income tax rate caps at just 17%, and new companies enjoy tax exemptions for their first three years. On top of that, Singapore has signed double taxation avoidance agreements with dozens of countries worldwide-making life much easier for businesses operating across borders.

Second, the financial infrastructure here is mature and investor-friendly. Opening a corporate bank account is relatively straightforward, multi-currency accounts are widely supported, and capital flows freely-ideal for international trade or cross-border e-commerce operations.

Third, the government actively supports innovation-driven startups. Programs like Startup SG offer funding, mentorship, and even office space for early-stage companies, helping founders hit the ground running.

Finally, as a bridge between East and West, Singapore operates primarily in English and follows the British common law system-both of which make it extremely accessible to foreign entrepreneurs. The company registration process is fully digital, transparent, and free of hidden barriers.

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2. Basic Requirements for Company Registration

To register a company in Singapore, you need to meet a few key requirements

- At least one local director By law, every company must have at least one director who is ordinarily resident in Singapore-this could be a citizen, permanent resident PR, or someone holding an Employment Pass EP or EntrePass and living locally. If you're not based in Singapore, you can work with a compliance service provider to appoint a qualified nominee director.

- No nationality restrictions for shareholders Shareholders can be individuals or corporate entities from any country. Foreign ownership is allowed up to 100%-no local partner required.

- Flexible paid-up capital The minimum required capital is only 1 SGD, and there's no need to fully pay it in upfront-just commit to it. Most companies start with around 10,000 SGD, which is sufficient for operational needs.

- Local registered address You must provide a physical Singapore address P.O. boxes aren’t allowed. This service is commonly offered by corporate secretarial firms at a reasonable cost.

- Appoint a company secretary Within six months of incorporation, every company must hire a licensed corporate secretary responsible for handling registrations, annual filings, and regulatory compliance-an essential and mandatory role.

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3. Step-by-Step Registration Process

The entire process is actually quite simple and handled online via the Accounting and Corporate Regulatory Authority ACRA. Typically, approval takes just 1-2 working days.

Step 1 Reserve Your Company Name

Submit your proposed name through ACRA’s website. Make sure it’s unique and complies with naming rules-words like “bank,” “insurance,” or “law” may require special permission.

Step 2 Prepare Required Documents

Gather identity proofs passport copies, proof of address, the company’s constitution Memorandum Articles of Association, and details of your registered office address.

Step 3 Submit Application Online

Work with a licensed corporate secretarial firm or professional agency to file your application. Once approved, ACRA will issue an electronic Certificate of Incorporation-your company is now officially recognized.

Step 4 Post-Registration Tasks

After incorporation, complete essential follow-ups

- Open a corporate bank account

- Apply for relevant business licenses if applicable

- Register for GST Goods and Services Tax if your annual turnover exceeds 1 million SGD

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4. Common Concerns Tips

Many worry about language barriers or unfamiliarity with local laws-but there’s really no need to stress. Numerous professional agencies offer end-to-end services including company registration, secretarial support, and tax advisory-all with clear pricing and reliable support. Just pick a reputable provider certified by ACRA, and you’ll save time and avoid headaches.

One important reminder While setting up a company is easy, staying compliant matters. You’ll still need to fulfill annual filing obligations, conduct audits though exempt for qualifying small businesses, and submit tax returns. Keeping things in order isn’t optional-it’s critical for long-term success.

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5. Seize the Opportunity-Start from Singapore

In recent years, with the implementation of the RCEP Regional Comprehensive Economic Partnership and rising consumer demand across Southeast Asia, Singapore’s role as a regional headquarters hub has only grown stronger. Whether you’re in cross-border e-commerce, tech services, or aiming to build a global brand, registering in Singapore opens doors to vast international markets.

More than just a registration haven, Singapore offers a real, thriving business ecosystem. Here, you’ll find cultural diversity, world-class efficiency, and a vibrant network of investors and innovators-all of which could become powerful catalysts for your growth.

So if you’ve been thinking about taking your first step toward globalization, consider putting Singapore on your list. Start by understanding the rules, then gradually build your overseas presence-one smart move at a time.

Because when opportunity knocks, it always favors those who are ready.