How to Register a Company in Singapore as a Foreigner – 2025 Guide

Singapore stands as one of the world’s most business-friendly destinations, consistently ranking high for ease of doing business, taxation simplicity, and digital infrastructure. For entrepreneurs, startups, and remote service providers, setting up a company in Singapore is an attractive option. This guide answers the most searched questions and provides a step-by-step overview.

Can I Register a Company Online in Singapore?

Yes, you can register a company fully online in Singapore. The process is digitalized and managed through the Accounting and Corporate Regulatory Authority (ACRA). Most companies complete registration within 1–2 business days, assuming all documents are in order.

Key points:

• Registration is done via BizFile+ (ACRA’s online system).

• A SingPass is required for locals. Foreigners will typically need to work with a registered filing agent or corporate services provider.

• You do not need to be physically in Singapore to complete the process.

How Much Does It Cost to Register a Company in Singapore?

The government fee for incorporating a private limited company (Pte Ltd) in Singapore is relatively affordable, especially compared to other jurisdictions.

➡️ Total: Approx. 500–2,500 SGD, depending on whether you use third-party services.

Can a Foreigner Open a Company in SG?

Yes. Foreigners are 100% eligible to register and own companies in Singapore. However, there are some conditions to be aware of:

Requirements:

• At least one local resident director is mandatory (Singapore Citizen, PR, or EntrePass holder).

• A registered address in Singapore is required.

• A corporate secretary must be appointed within 6 months of incorporation.

• You may operate remotely, but certain visa types (EntrePass, Employment Pass) are required if you plan to live in Singapore.

Options for Foreigners:

• Incorporate via a corporate service provider.

• Appoint a nominee director if you don’t have a local partner.

• Apply for an Employment Pass to move and run the company yourself.

How to Set Up an Own Company in Singapore?

Here’s a step-by-step overview for foreigners to set up their own company in Singapore:

Step 1: Choose Your Company Structure

Most foreigners choose the Private Limited Company (Pte Ltd) due to its limited liability, credibility, and tax advantages.

Step 2: Reserve Company Name

Check availability and reserve via BizFile+.

Step 3: Prepare Incorporation Documents

You’ll need:

• Passport copies of directors/shareholders

• Proof of residential address

• Business activity code (SSIC)

• Constitution (standard templates available)

Step 4: Appoint Local Director & Corporate Secretary

You must appoint a Singapore-resident director and a qualified secretary within 6 months.

Step 5: Register With ACRA

Complete submission through your corporate services provider.

Step 6: Open a Corporate Bank Account

Some banks allow remote opening; others may require a physical visit.

Step 7: Apply for Work Visa (Optional)

If you wish to reside and work in Singapore, apply for an Employment Pass or EntrePass.

Final Thoughts: Is It Worth Setting Up a Company in Singapore?

Absolutely. Singapore offers:

• 17% corporate tax rate

• No dividend tax

• Business-friendly infrastructure

• Strong international banking system

• Transparent legal environment

Whether you’re a digital entrepreneur, SaaS founder, or consulting professional, Singapore is a top-tier choice for global operations.

Need Help Incorporating in Singapore?

We help foreign founders incorporate and manage companies in Singapore from end to end – including nominee director, registered office, tax compliance, and banking setup.

👉 Schedule a free consultation with our global structuring team today.
Email us at info@ozmconsultancy.com or fill out our contact form.