Singapore

Singapore stands out as a prime destination for entrepreneurs seeking to expand their business in Asia. With its modern legal framework, attractive tax regime, and stable economic environment, registering a company in Singapore offers a rare combination of security, efficiency, and international openness.

Company Registration in Singapore

Registering a company in Singapore is governed by the Companies Act (Cap. 50) and administered by the Accounting and Corporate Regulatory Authority (ACRA). Any entity conducting business must also register with the Inland Revenue Authority of Singapore (IRAS) for tax purposes. Singapore permits full foreign ownership and offers a modern, transparent, and internationally aligned legal framework. These attributes make Singapore attractive to international investors.

Why Register a Company in Singapore?

Registering a company in Singapore offers several notable benefits:

  • Stable, transparent economy with strong governance and pro-business policies.
  • Competitive tax regime: corporate tax capped at 17 percent, with significant exemptions and incentives for startups. Global accessibility with no restrictions on foreign shareholding and access to over 80 double taxation treaties.
  • Advanced financial and technological infrastructure attracts multinational corporations and fintech companies.
  • The incorporation process is fully digital and typically completed within 24 to 48 hours through the ACRA BizFile+ portal.

How to Register a Company in Singapore?

  1. Choose the legal structure, most commonly a Private Limited Company (Pte. Ltd.).
  2. Check and reserve the company name using ACRA’s BizFile+ system.
  3. Appoint company officers, including at least one resident director who is a citizen, permanent resident, or Employment Pass or EntrePass holder.
  4. Submit incorporation documents, including memorandum, articles, registered address, capital, and shareholder details.
  5. Obtain the Certificate of Incorporation from ACRA.
  6. Register for tax with the Inland Revenue Authority of Singapore and open a corporate bank account.
  7. Maintain compliance through annual filings, accounting records, and audits.

Summary

Registering a company in Singapore offers a strong legal environment, a favorable tax system, and efficient administration, making it an ideal destination for entrepreneurs seeking to establish or expand operations. Engaging Benoit & Partners ensures secure corporate structuring, comprehensive legal and tax compliance, and coordinated support with local authorities and financial institutions.