Singapore has built a solid reputation as a global business hub. With its simple tax system, fast company registration, and strong legal framework, it’s no surprise that many entrepreneurs from around the world want to register a company in Singapore and take advantage of its pro-business environment.
But the big question is — can a foreigner really start a business in Singapore? The short answer is yes. In this guide, we’ll walk you through every step clearly and simply.
Why Register a Company in Singapore?
Before we get into the process, let’s understand why Singapore is such a magnet for foreign business owners.
1. Business-Friendly Environment
Singapore ranks among the top countries in the world for ease of doing business. The government supports entrepreneurship with minimal red tape and strong legal protection.
2. 100% Foreign Ownership Allowed
You don’t need a local partner to register a company in Singapore. You can own 100% of the shares, even as a foreign national.
3. Low Taxes
Singapore’s corporate tax rate is 17%, but with various tax exemptions, many startups pay much less in the early years.
4. Fast & Digital Process
Most company registrations are completed within 1–3 business days, and the entire process is online through ACRA (Accounting and Corporate Regulatory Authority).
Can a Foreigner Register a Company in Singapore?
Yes, a foreigner can register a company in Singapore, and thousands do every year. However, there are some local requirements that must be followed, especially when it comes to having a local director and a registered office address in Singapore.
Step-by-Step Guide to Register a Company in Singapore
Starting a company in Singapore is straightforward when you know the exact steps. Here’s a clear, step-by-step guide to help you get registered the right way.
1. Decide on the Company Structure
Most foreigners choose to set up a Private Limited Company (Pte Ltd), because it offers:
2. Choose and Reserve a Company Name
Your company name must be:
Use ACRA’s BizFile+ portal to check and reserve your name. Approval usually takes less than a day.
3. Appoint a Local Director
To register a company in Singapore, you must appoint at least one director who is a local resident. This means someone who is:
If you don’t know anyone locally, many professional firms offer nominee director services legally.
4. Hire a Company Secretary
According to Singapore law, every company must appoint a qualified company secretary within 6 months of incorporation. This person ensures your company complies with regulations and files necessary documents.
5. Have a Registered Address
Your business must have a local Singapore address (P.O. Boxes are not allowed). If you don’t have office space, you can use a virtual office service.
6. Submit Documents to ACRA
You will need to prepare and submit the following:
Once submitted and approved, you’ll receive your Certificate of Incorporation and Company Registration Number.
7. Open a Business Bank Account
After your company is registered, the next step is opening a corporate bank account. Most banks require the directors or shareholders to visit Singapore in person, although some offer remote onboarding.
8. Apply for Work Visas (If Needed)
If you plan to live and work in Singapore, you’ll need a valid work visa like:
Costs to Register a Company in Singapore
The government charges are:
However, if you hire a professional firm to handle everything (including nominee director, company secretary, and virtual office), packages typically range from S$800 to S$2,000, depending on what’s included.
Can I Run the Business Remotely?
Yes, you can register a company in Singapore and manage it from overseas. But make sure:
Many foreigners do this successfully with the help of a trusted local firm.
Conclusion
Registering a company in Singapore as a foreigner is a smart and strategic decision. The process is clear, the rules are fair, and the business environment is world-class. With a bit of planning and the right local support, you can start your company quickly and focus on growing it.
Whether you’re launching a tech startup or setting up a trading company, Singapore offers the right platform to scale your ideas globally.
Frequently Asked Questions (FAQs)
1. Do I need to be in Singapore to register a company?
No, you don’t need to be physically present in Singapore to register a company. You can hire a professional service provider who will handle the entire process remotely.
2. Can I be the sole owner of my company in Singapore?
Yes, 100% foreign ownership is allowed. You can be the sole shareholder of your company. However, you still need to appoint at least one local director.
3. How long does it take to register a company in Singapore?
If all documents are in order, the registration can be completed within 1 to 3 working days. Sometimes, it can be done within a few hours.
4. Is it expensive to register a company in Singapore?
The basic cost to register a company in Singapore is quite reasonable. Government fees start from around S$315, but if you use a service provider, total setup costs usually range between S$800 to S$2,000, depending on what’s included.
Need Help Registering a Company in Singapore?
Starting a business in Singapore can be smooth — if you have the right support. Our expert team is ready to handle the paperwork, local requirements, and compliance for you. Let us simplify the process so you can focus on growing your business.
