Singapore is a top choice for entrepreneurs looking to register a company in Singapore, thanks to its business-friendly environment, political stability, and access to global markets.

With transparent regulations and plenty of opportunities, it’s an ideal place to kickstart your business journey.

This guide gives you a simple rundown on how to register a company in Singapore using a corporate service provider, like Grof, to make the process smooth and hassle-free.

Key Takeaways

• Singapore offers a business-friendly environment with low taxes, global market access, and strong legal infrastructures for registered companies.
• Common business structures include Sole Proprietorship, Partnership, Private Limited Company (Pte Ltd), and Foreign Entities like branches or subsidiaries.
• Ensure compliance with requirements like a local address, a resident director, and necessary documentation.
• Follow a streamlined process to register company in Singapore for foreigner and local businesses through ACRA Singapore, including name reservation, document submission, and incorporation filing.
• Meet obligations like appointing a corporate secretary, filing annual returns, and maintaining statutory records.
• Costs for registration and running a business in Singapore Include registration fees, nominee director services, corporate secretary fees, accounting services, and license renewals.
• Local businesses and foreign entrepreneurs may face hurdles like legal requirements, licensing, and compliance, which can be managed with expert guidance.

10 Types of Companies Available in Singapore

When registering a company in Singapore, choosing the right business structure is essential as it determines liability, tax obligations, and operational flexibility. 

Below is a screenshot from ACRA showing the comparison of different types of companies in Singapore for reference.

These diverse business entities allow entrepreneurs to choose the structure that best suits their operational goals, scale, and legal requirements.

The Private Limited Company (Pte Ltd) remains the most popular choice due to its balance of benefits and protections.

Can foreigner register company in Singapore? Yes, foreigners can register and fully own a Private Limited Company (Pte Ltd) in Singapore but are required to appoint at least one resident director who is a Singapore citizen, permanent resident, or EntrePass holder.

Find out which business structure is most suitable for you via ACRA’s e-Adviser for Business Structure on GoBusiness.

5 Benefits of the Incorporation of Company in Singapore

Alt Text: Registered companies in Singapore will benefit from low taxes, global market access, and strong legal infrastructures

Registering a company in Singapore offers numerous advantages, making it an attractive destination for entrepreneurs and corporations.

1. Business-Friendly Policies

   • Singapore has a pro-business regulatory framework, designed to facilitate ease of operations for local and foreign entrepreneurs.
   • The government supports startups and SMEs with grants, tax incentives, and resources to drive innovation and growth.

2. Attractive Tax System and Incentives

   • Singapore’s tax system is designed to support businesses with low rates and attractive incentives, making it one of the most competitive globally.
   • Low Corporate Tax Rates: Singapore’s corporate tax rate (No_FollowLink) is 17%, one of the lowest globally.
   • Startup Tax Exemption (SUTE): New startups enjoy tax exemptions on the first SGD 200,000 chargeable income for the first three years.
   • No Capital Gains Tax: Entrepreneurs retain more profits without taxes on capital gains.Double Taxation Agreements (DTAs): Singapore has over 80 DTAs, preventing businesses from being taxed twice on income earned in multiple jurisdictions.

What are the tax benefits for companies in Singapore? Singapore offers low corporate tax rates, absences of capital gain tax, and double taxation agreements.

Stay updated with Inland Revenue Authority of Singapore’s updates on corporate tax rates, rebates and tax exemption schemes.

1. Strong Global Reputation

   • According to the World Bank, Singapore consistently ranks among the top countries for ease of doing business.
   • This reputation enhances a company’s global credibility and provides better access to international investors and markets.

2. Access to International Markets and Skilled Workforce

   • Strategically located in Southeast Asia, Singapore is a gateway to fast-growing markets like ASEAN and beyond.
   • Additionally, its diverse and highly educated workforce ensures businesses access world-class talent.

3. Ease of Business Setup and Operations

   • Singapore’s incorporation process is straightforward. It often takes just 1–2 days for approval through the ACRA BizFile+ portal (No_File).
   • The country’s emphasis on digital solutions reduces paperwork and simplifies administrative tasks, ensuring efficiency.

8 Things You Need to Prepare for Company Incorporation Singapore

Several prerequisites must be fulfilled before you register a company in Singapore to ensure a smooth and compliant incorporation process.

Requirements	Details
Minimum Number of Shareholders	At least one shareholder (individual or corporate entity). Can be local or foreign. Maximum of 50 shareholders for Private Limited Companies.
Appointment of Directors	Minimum of one resident director. Must be a Singapore citizen, permanent resident, or EntrePass holder. Must be at least 18 years old.
Appointment of Corporate Secretary Singapore	Must be appointed within six months of incorporation. Responsible for ensuring compliance with statutory regulations. Must reside in Singapore.
Paid-Up Capital	Minimum SGD 1 required for incorporation. Higher paid-up capital can be declared based on business needs or investor preferences.
Registered Local Address	A physical address in Singapore is mandatory (P.O. boxes are not allowed). Virtual office addresses are acceptable if legally registered.
Approval of Company Name	Names must be unique and not identical to existing entities. Must not infringe trademarks or contain restricted words. Approved by ACRA.
Identity Documentation	Locals: NRIC (National Registration Identity Card). Foreigners: Passport and proof of residential address (e.g., utility bill, bank statement).
Compliance with Industry-Specific Licenses	Certain industries (e.g., F&B, finance) require additional licensing. Examples: Food licenses, MAS approval for financial institutions.

These requirements align with Singapore’s regulatory standards and business-friendly framework.

Can I use a virtual office address for my company in Singapore? Yes, virtual office addresses are acceptable. Is it mandatory to have a local resident director? Yes, at least one director must be a Singaporean citizen.

6 Steps to Register Company in Singapore for Foreigners

Registering a company in Singapore for local and foreign entrepreneurs is straightforward. If all documentation is in order, the processing time is typically completed within 1–2 business days. 

Here are six simple steps on how to register a company in Singapore:

1. Choose a Business Structure

Selecting the right business structure is crucial as it determines your company’s liability, tax obligations, and operational requirements. 

Can I change my business structure after registration? Yes, you can change your business structure after registration, but it involves administrative steps, including updating your business registration number with the Accounting and Corporate Regulatory Authority (ACRA). The process will require filing new incorporation documents and ensuring compliance with any additional legal or tax requirements.

2. Register Company Name in Singapore

The next step is to reserve your company name through ACRA’s BizFile+ portal.

This process ensures your chosen name complies with Singapore’s guidelines.

Approval is generally fast, taking 1–3 business days unless a manual review is required.

Tips for Success

• Prepare alternative name options in case your first choice is unavailable.
• Avoid names that are too generic or vague, as they may be rejected.

What happens if my preferred company name is taken? Modify or choose another name.

You can also check your ideal company name on Grof’s company name checker.

3. Prepare Required Documents

To ensure smooth registration, gather all necessary documentation beforehand.

Required Documents

• Identity documents for all directors and shareholders:
  • For locals: NRIC (National Registration Identity Card).
  • For foreigners: Passport and proof of residential address (e.g., utility bill or bank statement).
• Memorandum and Articles of Association (MAA), detailing the company’s structure and objectives.
• Consent forms from directors and the company secretary.
• Details of the company’s registered address.

Pro Tip: If foreign documents are involved, ensure they are properly notarised or apostilled.

4. Register with ACRA (Accounting and Corporate Regulatory Authority)

The actual registration process is carried out online via the BizFile+ platform.

Steps to Register

1. Log in to the BizFile+ portal and complete the registration form with the required details.
2. Provide the approved company name, director and shareholder information, and registered address.
3. Upload all required documents, ensuring they meet ACRA’s standards.

Timeline and Outcome

• The process typically takes 1–2 business days.
• Upon approval, you will receive your company’s identification number, a Business Profile, a Unique Entity Number (UEN), and a business registration certificate.

5. Open a Corporate Bank Account

Once your company is registered, the next step is to open a corporate bank account to manage business transactions.

3 Steps to Open an Account:

1. Research banks in Singapore and choose one that suits your business needs.
   • Aspire

• • OCBC Bank

• • DBS Bank

• • UOB Bank

• • Wise

Prepare the necessary documents, including:

• Business Profile and UEN from ACRA.
• Identity verification documents for directors.
• Company constitution and proof of registered address.

Schedule an appointment with the chosen bank to complete the account setup.

6.  Secure Licenses and Permits

Additional licenses or permits may be required before commencing operations, depending on your industry.

• Food and Beverage (F&B) Licenses: Food Shop License, Hawker Stall License, Liquor License.
• Financial Services Licenses: Capital Markets Services License (CMSL), Moneylender License.
• Retail and Trade Licenses: Import/Export Licenses, Customs Permits.
• Education and Training Licenses: Registration with the Committee for Private Education (CPE).
• Health and Wellness Licenses: Massage Establishment License, Medical Clinic License.
• Construction and Real Estate Licenses: Builders License, Estate Agent License.
• E-commerce and Data Protection Licenses: Personal Data Protection Compliance.
• Manufacturing Licenses: Factory Registration, Fire Safety Certificate.

How to Obtain Licenses

• Use Singapore’s GoBusiness online business license checker tool to identify your necessary permits.
• Submit applications early to avoid delays in starting your operations.

Need help in registering your company in Singapore? Let Grof assist you in every step of setting up your business smoothly.

6 Essential Steps for Business Owners After Registering a Company in Singapore

After successfully registering a company in Singapore, there are several post-registration requirements that every business must fulfil to remain compliant with regulatory obligations. 

Requirement	Detail	Purpose
Appointment of a Corporate Secretary	Must be appointed within six months of incorporation. Responsible for filing annual returns and maintaining statutory registers.	Ensures compliance with statutory requirements and corporate governance.
Register for Goods and Services Tax (GST)	Mandatory if annual taxable turnover exceeds SGD 1 million. Optional registration for companies below the threshold if beneficial.	Compliance with tax regulations and ability to charge GST on taxable supplies.
Obtain Business Licenses and Permits	Required for industry-specific operations. Examples: F&B (Food Shop License), Financial Services (MAS approval), Education (CPE registration).	Legal authorisation to operate within specific industries.
Set Up and Maintain Statutory Registers	Maintain registers for shareholders, directors, secretaries, and company charges. Keep records updated and accessible.	Transparency and adherence to corporate governance standards.
Fulfil Employment Obligations	Register employees who are Singapore citizens or PRs for CPF contributions. Apply for visas and work passes (Employment Pass, S Pass) through Singapore’s immigration system for foreign workers.	Compliance with employment laws and providing legal protection to employees.
Annual Filing Obligations	File Annual Returns with ACRA and corporate tax returns with IRAS. Meet deadlines to avoid penalties.	Reporting financial and operational status to authorities.

These post-registration requirements ensure businesses operate transparently, maintain legal compliance, and build credibility in Singapore’s regulated environment.

Addressing these obligations promptly will help secure your company’s long-term success.

Can I act as my company’s corporate secretary? No, the secretary must be qualified. Are CPF contributions mandatory for all employees? Yes, but only for Singapore citizens and PR.

Learn more about Grof’s company incorporation services for local businesses and foreign entrepreneurs.

15 Key Costs of Setting Up and Running a Company in Singapore

Understanding the costs involved, from registration to compliance, empowers you to plan effectively and set your business up for success.

Here are the eight key costs to help you navigate the process confidently and clearly, ensuring a strong foundation for your business journey.

8 Types of Cost to Register a Company in Singapore

From ACRA application fee to services like corporate secretary appointments and nominee directors, these expenses form the foundation of your business setup.

Cost Component	Details	Estimated Cost (SGD)
ACRA Name Reservation Fee	Fee for reserving a company name via BizFile+ Singapore.	15
ACRA Incorporation Fee	Fee for registering a Private Limited Company.	300
Nominee Director Services (If Required)	For foreign entrepreneurs needing a local resident director.	1,500–3,000 annually
Corporate Secretary Services	Required to manage statutory filings and compliance.	300–800 annually
Registered Office Address	Mandatory local registered address; virtual offices are allowed.	120–400 annually
Business Licenses	Industry-specific licenses such as F&B, financial services, or education.	Varies by industry
Bank Account Setup	Corporate bank account for managing business transactions.	Free to nominal service charges
Total Registration Costs	Aggregated approximate cost depending on requirements.	~ 2,235–4,515 (excluding licenses)

 

Are there any hidden costs involved in registration? No, but fees for additional services may apply.

7 Types of Ongoing Operational Costs For Business Owners

Maintaining a company in Singapore goes beyond initial registration, with ongoing compliance costs playing a critical role in staying legally and operationally sound. 

Cost Component	Details	Estimated Cost (SGD)
ACRA Annual Filing Fee	Filing annual returns with ACRA.	60
Corporate Tax Filing	Submission to IRAS, mandatory even for companies with zero revenue.	500–5,000 annually
Corporate Secretary Services	Ongoing services for statutory compliance and filings.	300–800 annually
GST Compliance Costs (If Applicable)	Filing quarterly GST returns.	1,000–2,000 annually
Audit Fees (If Applicable)	Required for companies exceeding the small company threshold.	5,000–20,000 annually
License Renewals	Periodic renewal fees for industry-specific licenses.	Varies by license type
Office Space Rental	Rental fees for physical office spaces (if applicable).	Varies based on location and size

 

Do I need to file taxes if my company has no revenue? Yes, you must file a return. Is an audit mandatory for all companies? No, only companies exceeding the small company threshold.

Check out Grof’s pricing for local businesses and foreign entrepreneurs to get started.

Register Your Company in Singapore Through Grof

At Grof, we simplify the process of starting and managing your business in Singapore with a range of tailored solutions, including company incorporation services Singapore, designed to support entrepreneurs at every step. 

Service	Details	What We Provide
Incorporation	Handles the entire business registration process with ACRA, including support tailored for foreign entrepreneurs.	Reserving company name. Filing incorporation documents. Ensuring legal compliance. Appointing local nominee directors if needed. Assisting with Employment Pass (EP) applications. Guidance on opening corporate bank accounts. Providing virtual office services for foreign entrepreneurs.
Corporate Secretary	Manages statutory and regulatory requirements to keep your company in good standing with ACRA, with additional support for foreign entrepreneurs.	Filing annual returns. Maintaining statutory registers. Preparing resolutions and company documents. Advising on corporate governance. Assistance with compliance for foreign directors and shareholders. Coordination for legalising and notarising foreign documents. Switching company secretaries in seamless processes
Accounting	Provides end-to-end financial management through bookkeeping and accounting services to keep your company compliant and financially healthy.	Accurate bookkeeping. GST registration and filing. Tax filing with IRAS. Customised financial reports. Assistance with multi-currency accounting for international operations. Tax advisory services for foreign-owned businesses to maximise benefits.

What’s Unique about Grof’s Services?

Our comprehensive offerings ensure your company runs smoothly and complies with Singapore’s regulations.

Expertise You Can Trust

With years of experience in company incorporation and corporate services, Grof has established itself as a reliable partner for entrepreneurs.

We ensure that every aspect of the process is handled professionally, from navigating ACRA’s regulations to managing compliance requirements.

• Attention to Detail: We meticulously handle documentation, filings, and statutory requirements, minimising the risk of errors or delays.
• Proven Track Record: Over the years, we’ve successfully helped countless local and foreign entrepreneurs start and grow their businesses in Singapore.

We understand that every business is unique, which is why we offer customised solutions to meet the diverse needs of our clients.

• Local Entrepreneurs: Whether you’re starting a small business or scaling a local enterprise, we provide services that align with your goals and budget.
• Foreign Investors: For international clients, we offer additional support such as nominee director services, Employment Pass applications, and assistance with setting up a virtual office.
• Industry-Specific Needs: Our team is equipped to handle industry-specific licensing, ensuring your business is compliant from the start.

Seamless Process

Starting a business in Singapore should be exciting, not overwhelming. At Grof, we streamline every step of the process to save you time and effort.

• Effortless Incorporation: From reserving your company name to submitting incorporation documents, we take care of the technicalities so you can focus on your business vision.
• End-to-End Support: Beyond incorporation, we provide ongoing corporate secretarial services, accounting, and compliance management to keep your company running smoothly.
• Clear Communication: Our team keeps you informed at every stage, so you always know what’s happening and what to expect next.

Conclusion

Starting and managing a company in Singapore opens the door to exciting opportunities in a thriving, business-friendly environment.

With its pro-business policies, strategic location, and access to global markets, Singapore provides an ideal platform for entrepreneurs and businesses looking to grow and succeed.

By understanding the costs, requirements, and potential challenges, you can set your business up for success. From initial registration to ongoing compliance, each step is crucial to ensuring your company operates smoothly and efficiently.

With the right support, the process becomes even smoother, allowing you to focus on growth and innovation.

At Grof, we handle everything—incorporation, accounting and bookkeeping services, and corporate secretarial services—ensuring a seamless experience for local and foreign entrepreneurs. Our tailored solutions help you overcome challenges, meet compliance standards, and focus on what truly matters—growing and innovating your business.

Ready to start your company in Singapore? Contact Grof today to make the ACRA incorporation of company process smooth, compliant, and stress-free!