Incorporation For Foreigners
(Non-Residents)
Launch Your Business Anywhere, Anytime
Start your Singapore venture effortlessly online! Wherever you are in the world, we’ll connect you with trusted bankers and industry experts locally for a smooth, worry-free experience.
Setup a Company Easily
Getting your company registered in Singapore requires minimal effort on your end. We will guide you through every step and it is guaranteed to be fast and easy.
Why Choose Singapore for Incorporation?
Low Corporate Tax Rates (17%)
Strategic Location in Asia
Strong Legal Framework and Political Stability
World-Class Infrastructure
Access to a Highly Skilled Workforce
Tax Treaties with Over 80 Countries
Essential Considerations
Before Incorporating in Singapore
Identify the Right Company Structure
Common Business Structures in Singapore:
Private Limited Company (Pte Ltd)
Pros
- Separate legal entity from owners
- Limited liability for shareholders
- Can raise funds by issuing shares
Cons
- Subject to corporate tax rates
- Required to do fulfill compliance obligations
- Annual compliance filings such as AGM and AR
The most popular choice, offering limited liability and scalability.
Sole Proprietorship
Pros
- Easy to form company
- Allow full control of company
- Own by a single individual, meaning profits all belong to individual
Cons
- Unlimited liability for anything that happens in the company
- Harder to raise funds
- Might have credibility issues
A simple structure, ideal for individuals running small businesses.
Partnership
Pros
- Easy to set up
- Profits are taxed only at individual’s income tax rate, avoiding double taxation
- Easier to raise capital compared to a sole proprietorship
Cons
- Unlimited liability
- In a general partnership, one partner’s actions (e.g., incurring debt or legal wrongdoing) can financially or legally bind all partners
- Partnership agreements may lead to disputes
A business owned by two or more individuals sharing profits and liabilities.
Limited Liability Partnership (LLP)
Pros
- Separate legal entity from partners
- Partners are liable only for their actions
- Business profits are taxed at personal income tax rates
Cons
- More expensive to set up compared to a partnership
- Limited liability may still have exceptions; partners may still be held liable
- Partnership agreements may lead to disputes
Combines the flexibility of a partnership with limited liability benefits.
Branch Office
Pros
- Can be cheaper to establish than subsidiaries
- Parent company has direct control over branch office
- Can be a faster option for expansion
Cons
- Possible exposure to legal and financial risks to entire company
- Increased workload
- Requires time and money to operate new company
An extension of a foreign company operating in Singapore.
Representative Office
Pros
- Protect assets and develop long term investment strategies over generations
- Navigate financial decisions and avoid conflicts between families
- Invoke transparency and a decision making hierarchy
Cons
- May be costly to set up and maintain a family office
- Inefficient if all profits are paid out
- Not suitable for families that require regular returns
Suitable for market research or liaison activities but cannot conduct revenue-generating operations.
Register Your Company Name
Your company name is your brand’s identity, and it must be unique and compliant with Singapore’s regulations. Use our online name checker to verify name availability and avoid delays.
Identify Directors and Shareholders
Allocate Paid-Up Capital
Secure a Registered Address
Appoint a Corporate Secretary
1. Identify the Right Company Structure
Common Business Structures in Singapore:
Private Limited Company (Pte Ltd)
The most popular choice, offering limited liability and scalability.
Sole Proprietorship
A simple structure, ideal for individuals running small businesses.
Partnership
A business owned by two or more individuals sharing profits and liabilities.
Limited Liability Partnership (LLP)
Combines the flexibility of a partnership with limited liability benefits.
Branch Office
An extension of a foreign company operating in Singapore.
Representative Office
Suitable for market research or liaison activities but cannot conduct revenue-generating operations.
Pros and cons of Branch Office
Pros- Can be cheaper to establish than subsidiaries
- Parent company has direct control over branch office
- Can be a faster option for expansion
Cons- Can be cheaper to establish than subsidiaries
- Parent company has direct control over branch office
- Can be a faster option for expansion
Pros and cons of Family Office
Pros- Protect assets and develop long term investment strategies over generations
- Navigate financial decisions and avoid conflicts between families
- Invoke transparency and a decision making hierarchy
Cons- May be costly to set up and maintain a family office
- Inefficient if all profits are paid out
- Not suitable for families that require regular returns
2. Register Your Company Name
Your company name is your brand’s identity, and it must be unique and compliant with Singapore’s regulations. Use our online name checker to verify name availability and avoid delays.
3. Identify Directors and Shareholders
A minimum of one shareholder (individual or corporate, of any nationality) and one Local Director* are required to incorporate a company in Singapore. The Local Director must be a Singapore Citizen, Permanent Resident, or an EntrePass holder residing in Singapore.
4. Allocate Paid-Up Capital
Define the initial capital that shareholders will invest in the company. Singapore’s incorporation process allows businesses to start with as little as SG$1 in paid-up capital, except in industries with specific regulations.
5. Secure a Registered Address
A local, physical address is mandatory for company registration. This address must be operational during business hours and cannot be a PO Box.
6. Appoint a Corporate Secretary
A Company Secretary must be appointed within six months of incorporation. The secretary must reside in Singapore and plays a key role in maintaining compliance by preparing and filing essential documents. Note that the sole director cannot serve as the Company Secretary.
Need assistance with your incorporation journey? Contact Lett for professional guidance and end-to-end incorporation services.
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Overview of Our Pricings
Incorporation For Foreigners
Incorporation For Foreigners |
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|---|---|---|---|
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Business Lite Suitable for dormant companies
|
Business Suitable for companies
|
Corporate Suitable for companies
|
|
| Corporate Shareholder | |||
| Package Rate For Corporate Action Service | |||
| Unaudited Financial Statements | |||
| Payment Management Services | |||
| Bookkeeping up to 300 yearly transactions | Annual | Annual | Quarterly |
| No. of Bank Accounts | 0 | 1 | 2 |
| Bank Account Opening (Physical Attendance) | 1 time | 1 time | |
| Liaison with Auditors | |||
| GST Filing | |||
- Without corporate shareholder and up to 2 unique shareholders/ directors; and
- Without bank account
- With only 1 corporate shareholder and up to 4 unique shareholders/ directors;
- With 1 bank account; and
- Non-GST/CPF registered
- With 1 or more than 1 corporate shareholder and up to 8 unique shareholders/ directors; and
- With 2 bank accounts; and/or
- GST/CPF registered
|
Business Lite
Suitable for dormant companies
S$3,400
|
Business
Suitable for companies
S$4,350
|
Corporate
Suitable for companies
S$6,000
|
|
|---|---|---|---|
| Company Incorporation | |||
| ACRA Company Name Check & Reservation (S$15) | |||
| ACRA Registration Fee (S$300) | |||
| ACRA Business Profile | |||
| Company Constitution (M&AA) | |||
| First Board of Directors Resolution | |||
| Assistance in connecting with our banking partners | |||
| Company Structure | |||
| No. of Corporate Shareholder | 0 | 1 | 1 |
| each additional Corporate Shareholder | S$195 | ||
| No. of unique shareholders/directors | Up to 2 only | Up to 4 only | Up to 8 only |
| each additional unique shareholder/director | S$95 | S$95 | |
| Company Secretary | |||
| Provision of named secretary | |||
| ACRA statutory compliance reminders | |||
| IRAS corporate income tax filing reminders | |||
| Update Company's statutory registers (including RORC) | |||
| Prepare standard AGM notices, resolutions and minutes | |||
| Prepare and file annual return | |||
| ACRA Filing fees (S$60) included | |||
| Corppass Registration (Optional) | |||
| Customised Constitution | Standard | Standard | Customised |
| Liaison with Auditor | |||
| Resolution Drafting and ACRA Lodgement | |||
| Appointment of company directors/company secretary/auditors | |||
| Resignation of company directors/company secretary/auditors/officers | |||
| Change in officers' particulars | |||
| Change of company name | |||
| Change of registered business address | |||
| Declaration and distribution of dividends | |||
| Change of financial year end | |||
| Change of principal business activities (SSIC Codes) | |||
| Package Rate For Corporate Action Service | |||
| Professional Local Nominee Director associated with payment management service | |||
| Deposit | waived | waived | waived |
| Provision of qualified local nominee director | |||
| One physical attendance for bank account opening purpose Subsequent attendance @ S$200 per trip |
|||
| Payment Management Services | |||
| No. of Bank Accounts | 0 | 1 | 2 |
| Payment management services per year (limited to 20 transactions) | |||
| additional block for 20 transactions per year (S$25/transaction) | S$500 | S$500 | |
| additional block for 50 transactions per year (S$18/transaction) | S$900 | S$900 | |
| additional block for 120 transactions per year (S$17/transaction) | S$2,000 | S$2,000 | |
| Payment transactions approval | 2 business days | 2 business days | |
| Compulsory Value Added Services | |||
| Annual Company Secretary Appointment (worth S$480) | |||
| Annual AGM/AR Filing (S$60) | |||
| Digital mailroom for scanning and mail forwarding | |||
| Computation & Filing of Corporate Tax (worth S$400 per year) include estimated chargeable income (ECI) filing |
|||
| Annual Bookkeeping up to 300 yearly transactions | |||
| Quarterly Bookkeeping up to 300 yearly transactions | |||
| Compilation of Unaudited Financial Statement (worth S$400 per year) | |||
| GST Registration (worth S$400 per application) | Waived | ||
| GST Filing services (worth S$1,200 per year) | Waived | ||
Business Lite
Suitable for dormant companies- Without corporate shareholder and up to 2 unique shareholders/ directors; and
- Without bank account
S$3,400
| Company Incorporation | |
| ACRA Company Name Check & Reservation (S$15) | |
| ACRA Registration Fee (S$300) | |
| ACRA Business Profile | |
| Company Constitution (M&AA) | |
| First Board of Directors Resolution | |
| Assistance in connecting with our banking partners | |
| Company Structure | |
| No. of Corporate Shareholder | 0 |
| - each additional Corporate Shareholder | |
| No. of unique shareholders/directors | Up to 2 only |
| - each additional unique shareholder/director | |
| Company Secretary | |
| Provision of named secretary | |
| ACRA statutory compliance reminders | |
| IRAS corporate income tax filing reminders | |
| Update Company's statutory registers (including RORC) | |
| Prepare standard AGM notices, resolutions and minutes | |
| Prepare and file annual return | |
| ACRA Filing fees (S$60) included | |
| Corppass Registration (Optional) | |
| Customised Constitution | Standard |
| Liaison with Auditor | |
| Resolution Drafting and ACRA Lodgement | |
| Appointment of company directors/company secretary/auditors | |
| Resignation of company directors/company secretary/auditors/officers | |
| Change in officers' particulars | |
| Change of company name | |
| Change of registered business address | |
| Declaration and distribution of dividends | |
| Change of financial year end | |
| Change of principal business activities (SSIC Codes) | |
| Package Rate For Corporate Action Service | |
| Professional Local Nominee Director associated with payment management service | |
| Deposit | waived |
| Provision of qualified local nominee director | |
| One physical attendance for bank account opening purpose Subsequent attendance @ S$200 per trip |
|
| Payment Management Services | |
| No. of Bank Accounts | 0 |
| Payment management services per year (limited to 20 transactions) | |
| - additional block for 20 transactions per year (S$25/transaction) | |
| - additional block for 50 transactions per year (S$18/transaction) | |
| - additional block for 120 transactions per year (S$17/transaction) | |
| Payment transactions approval | |
| Compulsory Value Added Services | |
| Annual Company Secretary Appointment (worth S$480) | |
| Annual AGM/AR Filing (S$60) | |
| Digital mailroom for scanning and mail forwarding | |
| Computation & Filing of Corporate Tax (worth S$400 per year) - include estimated chargeable income (ECI) filing |
|
| Annual Bookkeeping up to 300 yearly transactions | |
| Quarterly Bookkeeping up to 300 yearly transactions | |
| Compilation of Unaudited Financial Statement (worth S$400 per year) | |
| GST Registration (worth S$400 per application) | |
| GST Filing services (worth S$1,200 per year) | |
Business
Suitable for companies- With only 1 corporate shareholder and up to 4 unique shareholders/ directors;
- With 1 bank account; and
- Non-GST/CPF registered
S$4,350
| Company Incorporation | |
| ACRA Company Name Check & Reservation (S$15) | |
| ACRA Registration Fee (S$300) | |
| ACRA Business Profile | |
| Company Constitution (M&AA) | |
| First Board of Directors Resolution | |
| Assistance in connecting with our banking partners | |
| Company Structure | |
| No. of Corporate Shareholder | 0 |
| - each additional Corporate Shareholder | |
| No. of unique shareholders/directors | Up to 2 only |
| - each additional unique shareholder/director | |
| Company Secretary | |
| Provision of named secretary | |
| ACRA statutory compliance reminders | |
| IRAS corporate income tax filing reminders | |
| Update Company's statutory registers (including RORC) | |
| Prepare standard AGM notices, resolutions and minutes | |
| Prepare and file annual return | |
| ACRA Filing fees (S$60) included | |
| Corppass Registration (Optional) | |
| Customised Constitution | Standard |
| Liaison with Auditor | |
| Resolution Drafting and ACRA Lodgement | |
| Appointment of company directors/company secretary/auditors | |
| Resignation of company directors/company secretary/auditors/officers | |
| Change in officers' particulars | |
| Change of company name | |
| Change of registered business address | |
| Declaration and distribution of dividends | |
| Change of financial year end | |
| Change of principal business activities (SSIC Codes) | |
| Package Rate For Corporate Action Service | |
| Professional Local Nominee Director associated with payment management service | |
| Deposit | waived |
| Provision of qualified local nominee director | |
| One physical attendance for bank account opening purpose Subsequent attendance @ S$200 per trip |
|
| Payment Management Services | |
| No. of Bank Accounts | 1 |
| Payment management services per year (limited to 20 transactions) | |
| - additional block for 20 transactions per year (S$25/transaction) | S$500 |
| - additional block for 50 transactions per year (S$18/transaction) | S$900 |
| - additional block for 120 transactions per year (S$17/transaction) | S$2,000 |
| Payment transactions approval | 2 business days |
| Compulsory Value Added Services | |
| Annual Company Secretary Appointment (worth S$480) | |
| Annual AGM/AR Filing (S$60) | |
| Digital mailroom for scanning and mail forwarding | |
| Computation & Filing of Corporate Tax (worth S$400 per year) - include estimated chargeable income (ECI) filing |
|
| Annual Bookkeeping up to 300 yearly transactions | |
| Quarterly Bookkeeping up to 300 yearly transactions | |
| Compilation of Unaudited Financial Statement (worth S$400 per year) | |
| GST Registration (worth S$400 per application) | |
| GST Filing services (worth S$1,200 per year) | |
Corporate
Suitable for companies- With 1 or more than 1 corporate shareholder and up to 8 unique shareholders/ directors; and
- With 2 bank accounts; and/or
- GST/CPF registered
S$6,000
| Company Incorporation | |
| ACRA Company Name Check & Reservation (S$15) | |
| ACRA Registration Fee (S$300) | |
| ACRA Business Profile | |
| Company Constitution (M&AA) | |
| First Board of Directors Resolution | |
| Assistance in connecting with our banking partners | |
| Company Structure | |
| No. of Corporate Shareholder | 0 |
| - each additional Corporate Shareholder | |
| No. of unique shareholders/directors | Up to 2 only |
| - each additional unique shareholder/director | |
| Company Secretary | |
| Provision of named secretary | |
| ACRA statutory compliance reminders | |
| IRAS corporate income tax filing reminders | |
| Update Company's statutory registers (including RORC) | |
| Prepare standard AGM notices, resolutions and minutes | |
| Prepare and file annual return | |
| ACRA Filing fees (S$60) included | |
| Corppass Registration (Optional) | |
| Customised Constitution | Customised |
| Liaison with Auditor | |
| Resolution Drafting and ACRA Lodgement | |
| Appointment of company directors/company secretary/auditors | |
| Resignation of company directors/company secretary/auditors/officers | |
| Change in officers' particulars | |
| Change of company name | |
| Change of registered business address | |
| Declaration and distribution of dividends | |
| Change of financial year end | |
| Change of principal business activities (SSIC Codes) | |
| Package Rate For Corporate Action Service | |
| Professional Local Nominee Director associated with payment management service | |
| Deposit | waived |
| Provision of qualified local nominee director | |
| One physical attendance for bank account opening purpose Subsequent attendance @ S$200 per trip |
|
| Payment Management Services | |
| No. of Bank Accounts | 2 |
| Payment management services per year (limited to 20 transactions) | |
| - additional block for 20 transactions per year (S$25/transaction) | S$500 |
| - additional block for 50 transactions per year (S$18/transaction) | S$900 |
| - additional block for 120 transactions per year (S$17/transaction) | S$2,000 |
| Payment transactions approval | 2 business days |
| Compulsory Value Added Services | |
| Annual Company Secretary Appointment (worth S$480) | |
| Annual AGM/AR Filing (S$60) | |
| Digital mailroom for scanning and mail forwarding | |
| Computation & Filing of Corporate Tax (worth S$400 per year) - include estimated chargeable income (ECI) filing |
|
| Annual Bookkeeping up to 300 yearly transactions | |
| Quarterly Bookkeeping up to 300 yearly transactions | |
| Compilation of Unaudited Financial Statement (worth S$400 per year) | |
| GST Registration (worth S$400 per application) | Waived |
| GST Filing services (worth S$1,200 per year) | Waived |
*A risk assessment will be conducted upon inquiry to evaluate potential risks, which may result in a price adjustment for the services or products. The final cost could increase or decrease based on the assessment’s findings.
*Our claim of high approval rates is based on historical data and past performance records. While we strive for consistent success, individual outcomes may vary depending on specific circumstances and external factors. We recommend consulting with our team for personalized guidance tailored to your unique situation.
| Add-ons | Price |
|---|---|
| Application of Letter of Consent | S$450 |
| Renewal of Letter of Consent | S$350 |
| Add-ons | Price |
|---|---|
| Application of Letter of Consent | S$450 |
| Renewal of Letter of Consent | S$350 |
Steps to Get
Your Company Registered
Choose your package
Understanding your business
KYC
Sign and pay
Registration
Approval
Talk to Us
FAQ
Can foreigners incorporate a company in Singapore?
Yes, foreigners can fully own and incorporate a company in Singapore. There is no requirement for local shareholding.
I am a foreigner. Do I need a visa to start a company in Singapore?
If you are a foreigner looking to relocate to Singapore to manage your company, you will need to apply for the appropriate work visa or pass, such as the Employment Pass (EP), Dependant Pass with Letter of Consent (LOC), ONE Pass, EntrePass, or Personalised Employment Pass (PEP). The specific pass you require will depend on your qualifications, work experience, salary and the nature of your business.
Can I start a company in Singapore if I am a FIN holder?
Yes, you can start a company in Singapore if you are a FIN (Foreign Identification Number) holder. However, you must meet the following conditions:
- Have at least one local director. If you do not have one, you can appoint a Nominee Director
- Have a local company secretary
- Have a local registered office address
- Fulfil work visa requirements
What is a Nominee Director, and do I need one?
A Nominee Director is a local resident appointed to meet the statutory requirement of having a local director in the Company. Foreigners who do not have a local director can engage us (corporate service providers) to appoint a Nominee Director.
What is the minimum paid-up capital required to incorporate a company in Singapore?
The minimum paid-up capital is S$1. However, the amount may vary depending on industry-specific regulations.
Can a foreign individual or foreign company be 100% shareholder?
Yes! There are no restrictions on foreign ownership in Singapore. Employment Pass holders can also be shareholders in the company that will employ them.
Do I need to be physically present in Singapore to incorporate a company?
No, you do not need to be physically present in Singapore to incorporate a company. The process can be completed online, we will conduct a video-call verification process with you. However, you may need to visit Singapore to open a corporate bank account.
Can foreigners open a corporate bank account in Singapore?
Yes, foreigners can open a corporate bank account. However, most banks require a face-to-face meeting with the directors and authorized signatories.
How long does it take to incorporate a company in Singapore?
The incorporation process is usually completed within 1-2 business days if all required documents are in order. However, it may take longer if there are issues with document verification or name approval.
What are the post-incorporation requirements for a Singapore company?
After incorporation, the company must:
- Appoint a company secretary within 6 months
- Hold an Annual General Meeting (AGM) within 6 months after the financial year-end
- File annual returns with ACRA
- Maintain proper accounting records
