Setting Up a Company in Singapore

A top choice for global entrepreneurs, offering a pro-business environment, tax efficiency, and strong legal protections for international trade and investment.

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Overview

Company Formation Singapore

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Business setup in Singapore is a strategic choice for entrepreneurs and investors looking to establish a presence in one of the world’s leading financial hubs. Setting up a company in Singapore offers numerous benefits, including a pro-business environment, attractive tax incentives, and a well-regulated corporate framework. 

With a strong legal system and ease of doing business, company formation in Singapore is ideal for startups, SMEs, and multinational corporations. The process of setting up a company in Singapore is straightforward and efficient. Entrepreneurs can create a company in Singapore with minimal bureaucracy, making it a hassle-free experience. 

A key advantage is the low company formation in Singapore cost, which varies depending on the type of business structure and licensing requirements. Foreign investors also benefit from 100% ownership, allowing complete control over business operations.

Company formation Singapore offers flexibility in business operations, allowing companies to engage in local and international trade. Singapore’s extensive network of free trade agreements, strong banking infrastructure, and stable economy make it an attractive destination for global expansion.

For those considering a business setup in Singapore, the jurisdiction provides a reliable and growth-oriented environment. Whether for trading, investment holding, or service-based enterprises, setting up a company in Singapore ensures credibility, tax efficiency, and seamless operations. With its business-friendly policies and world-class infrastructure, Singapore remains a top choice for entrepreneurs seeking long-term success.

Permitted Activities for Company Formation Singapore

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Trading & E-commerce

Import/export, online marketplaces, and dropshipping businesses.

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Financial Services

Investment firms, fintech startups, and wealth management (subject to licensing).

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Consulting & Advisory

Business, legal, financial, and management consultancy services.

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Technology & IT Services

Software development, SaaS, AI, blockchain, and cybersecurity firms.

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Manufacturing & Industrial

Production, assembly, and distribution of goods

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Healthcare & Biotech

Medical research, pharmaceuticals, and healthcare services.

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Education & Training

E-learning platforms, coaching, and corporate training services

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Real Estate & Property Management

Property investment, rental management, and real estate agencies.

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Hospitality & Tourism

Hotels, travel agencies, and event management companies.

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Logistics & Supply Chain

Freight forwarding, warehousing, and supply chain management.

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Media & Entertainment

Advertising, digital marketing, publishing, and production houses.

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Renewable Energy & Sustainability

Green energy solutions, waste management, and sustainability consulting.

Advantages of setting up a company in Singapore

Business-Friendly Environment

Business setup in Singapore is seamless due to pro-business policies, a transparent regulatory framework, and ease of incorporation.

Attractive Tax Benefits

Company formation Singapore offers low corporate tax rates, tax exemptions for startups, and no capital gains tax, making it an ideal jurisdiction for businesses.

100% Foreign Ownership

Foreign entrepreneurs can create a company in Singapore with full ownership, allowing complete control over business operations without the need for a local partner.

Fast and Efficient Incorporation

The process of setting up a company in Singapore is straightforward, often completed within a few days with minimal paperwork, especially with a professional company incorporation service in Singapore.

Strong Legal System & Intellectual Property Protection

Singapore has a robust legal framework that ensures strong contract enforcement and intellectual property protection, adding security to company formation in Singapore.

Strategic Location & Global Connectivity

Business setup in Singapore provides access to Asia’s major markets, benefiting companies involved in international trade and investment.

Low Company Formation Costs

The company formation in Singapore cost is competitive compared to other global business hubs, making it cost-effective for startups and multinational corporations.

Access to Skilled Workforce

Setting up a company in Singapore allows businesses to tap into a highly skilled and multilingual workforce, fostering innovation and efficiency.

Reputable Banking & Financial Services

Businesses that set up a company in Singapore benefit from world-class banking facilities, easy access to corporate financing, and a stable economy.

Permitted Activities for Company Formation Singapore

  • Trading & E-commerce
    Import/export, online marketplaces, and dropshipping businesses.
  • Financial Services
    Investment firms, fintech startups, and wealth management (subject to licensing).
  • Consulting & Advisory
    Business, legal, financial, and management consultancy services.
  • Technology & IT Services
    Software development, SaaS, AI, blockchain, and cybersecurity firms.
  • Manufacturing & Industrial
    Production, assembly, and distribution of goods.
  • Healthcare & Biotech
    Medical research, pharmaceuticals, and healthcare services.
  • Education & Training
    E-learning platforms, coaching, and corporate training services.
  • Real Estate & Property Management
    Property investment, rental management, and real estate agencies.
  • Hospitality & Tourism
    Hotels, travel agencies, and event management companies.
  • Logistics & Supply Chain
    Freight forwarding, warehousing, and supply chain management.
  • Media & Entertainment
    Advertising, digital marketing, publishing, and production houses.
  • Renewable Energy & Sustainability
    Green energy solutions, waste management, and sustainability consulting.

Documents Required for a Company Setup in Singapore

Documents Required for Individual and Corporate Shareholders
Document Individual Shareholder Corporate Shareholder
Passport Copy Required for all individual shareholders & directors Not applicable
Proof of Address Recent utility bill or bank statement (within 3 months) Not applicable
Company Constitution Required for company formation Required for both Singapore company & parent entity
Record of Directors & Shareholders Required for Singapore company Required for both Singapore company & parent entity
Incorporation Application Form Required for company licensing Required for company licensing
Board Resolution Approving incorporation & appointing directors Resolution from parent company approving Singapore setup
Due Diligence & KYC Documents Identity verification & compliance check Parent company’s KYC documents & UBO details
Certificate of Incorporation Not applicable Required for the parent company
Nominee Director/Shareholder Agreement (if applicable) Required if nominee services are used Required if nominee services are used
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Process of Setting Up a Company in Singapore

Timeline: 1 to 3 Business Days

01  Choose Business Structure & Name

Select the appropriate business entity (e.g., Private Limited Company) and ensure the company name is available with the Accounting and Corporate Regulatory Authority (ACRA).

Takes 1 Day

02  Prepare & Submit Documents

Provide necessary incorporation documents, including shareholder details, company constitution, and an official office address, and submit them to ACRA.

Takes 1 day

03   Company Approval

ACRA reviews the application and, upon approval, issues the Certificate of Incorporation. Most applications are approved within hours unless further verification is required.

Takes 1 Day

04 Receive Corporate Documents

Upon successful application, receive key documents such as the Certificate of Incorporation, Business Profile, and Company Constitution.

Takes 1 Day

05 Open a Corporate Bank Account

Set up a corporate bank account with a local or international bank. This may require directors to be physically present, depending on the bank’s policies.

Takes 1 to 5 Days (Varies by bank)

06  Obtain Necessary Business Licenses (If Required)

Apply for any industry-specific licenses or permits based on business activities (e.g., financial services, healthcare, or education).

Takes 1 to 4 Weeks (Varies by industry)

07  Set Up Accounting & Tax Compliance

Apply for Goods and Services Tax (GST) if annual revenue exceeds SGD 1 million and establish accounting procedures for regulatory compliance.

Ongoing

Why Should you Choose Us

Expert Advice
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Broad Experience
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RadiantBiz offers expert guidance and an individually tailored solution for developing your business in the UAE. We ensure a smooth process with our broad experience in setting up businesses. We also offer post-setup guidance. We accompany you on your entrepreneurial journey ensuring business success and growth through our expertise in every business department.

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