Company Registration
Consulting Team
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Phone +44 20 4577 0974
Company Formation in Singapore
Fast and efficient company registration services in Singapore. The perfect choice for ambitious entrepreneurs.
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Get your free consultation todayMore than a thousand clients trusted us to form a company
Packages - Company Formation in Singapore
Our packages for full incorporation services and corporate account opening in Singapore.
MOST POPULAR
| Compare plans | |||
|---|---|---|---|
| Initial consultation | Included | Included | Included |
| Turnkey Company Formation | Not included | Included | Included |
| Company contact person | Not included | Included | Included |
| Registered legal company address for 1 year | Not included | Included | Included |
| Remote incorporation | Not included | Included | Included |
| Notary Services | Not included | Not included | Included |
| Company Secretary | Not included | Not included | Included |
| Local personnel | Not included | Not included | Included |
| Accounting for 1 year | Not included | Not included | Included |
| Long-term POA | Not included | Not included | Included |
| Apostilled set of documents | Not included | Not included | Included |
| Additional legal support | Not included | Not included | Included |
| Corporate Account | Not included | Not included | Included |
Co-Founder and Managing Partner
Sabir Alijev leads jurisdictional research, regulatory engagement, and strategic advisory across crypto licensing, FinTech, and international corporate structuring, with particular focus on LATAM, Caribbean, and Asian markets.
Phone +44 20 4577 0974
STORIES OF OUR CLIENTS AND HOW THEY WENT BEYOND WITH OUR ASSISTANCE
Promising projects and how LegalBison assisted
Fast and Reliable. Quick set-up and straightforward process. It was a smooth process, we are happy to have chosen LegalBison as our Partner for incorporations, globally.
Very proactive. Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
Reliable Partner. We are happy to cooperate with LegalBison for more than 2 years and during this time they definitely secured a reputation of very professional and reliable partner. Great knowledge, competence and good attitude. Keep up the good work!
Best for Crypto Licenses. Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
Highly recommended! The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
A perfect fit for our business. I highly recommend Legal Bison to any entrepreneur or business seeking top-notch services for their company formation. Their commitment to excellence and customer satisfaction is truly commendable.
We felt genuinely supported. LegalBison helped us navigate a space that’s often uncertain and complex, which gave us the confidence to move forward with our project.
Excels at adapting to challenges. LegalBison excels at adapting to challenges and demonstrates a perfect understanding of our business needs.
A fruitful cooperation. As a result of the fruitful cooperation with LegalBison, Yellow Card obtained a VASP registration, fast and without any legal complications.
Getting started with company registration in Singapore
Find out all the necessary information about company formation in Singapore. Discover why Singapore is a popular jurisdiction and how it can help your business to reach another level. Additional information on demand, directly with our team of experienced consultants.
Duration
How long does it take to form a company in Singapore?
It would not be fair to set your expectations high and assume that the incorporation can finished within a day. The process starts from the moment we have all the needed documents. Get in touch with our consultants to understand what documents you need to begin the incorporation process.
The process takes 1-2 working days if done locally provided all requirements are complete. 3-5 days if done remotely (most cases). 1 week is a reasonable assumption.
Timeline
Procedure to prepare the registration of a company in Singapore
The registration process of a company in Company Formation in Singapore with LegalBison is very simple. Contact us for more details and we will start out with a free consultation in which our lawyers will answer all your inquiries.
Remote incorporation
Can I form a company in Singapore remotely?
Remote registration is possible since Singapore recognizes electronic and digital signatures, and the registration is also done online. At the same time, there may be some activities that may require your physical presence post-registration.
Required Information
Necessary information to begin with company formation in Singapore
- 3 options of your desired name for the company and a company contact email address;
- Names, addresses, and emails of all shareholders and board members;
- Short description of your company’s activity.
VAT
Without a VAT number in Singapore
Only companies that are GST-registered may impose GST and can naturally claim input tax.
Although voluntary registration for GST is allowed in Singapore, approval is not automatic as IRAS will still have to evaluate.
With a VAT number in Singapore
VAT or Goods and Services Tax (GST) as more popularly known in Singapore is imposed on almost all goods and services except those that are expressly excluded under the law. The GST is at a standard rate of 9%.
Any business or company with a taxable turnover that exceeds $1 million is required to register for the GST. For those who do not exceed this taxable turnover, voluntary registration is feasible after due and careful consideration by IRAS.
Documents
Required documents to provide to register a company in Singapore
- Passport copies (scans) of all individuals above and a beneficiary owner if applicable;
- A Power of Attorney (POA) from (all) partners/shareholders is needed (in case of a remote company registration);
- Certified company documents (in case at least one of the shareholders is going to be a foreign company).
How long does it take to form a company in Singapore?
It would not be fair to set your expectations high and assume that the incorporation can finished within a day. The process starts from the moment we have all the needed documents. Get in touch with our consultants to understand what documents you need to begin the incorporation process.
The process takes 1-2 working days if done locally provided all requirements are complete. 3-5 days if done remotely (most cases). 1 week is a reasonable assumption.
Procedure to prepare the registration of a company in Singapore
The registration process of a company in Company Formation in Singapore with LegalBison is very simple. Contact us for more details and we will start out with a free consultation in which our lawyers will answer all your inquiries.
Can I form a company in Singapore remotely?
Remote registration is possible since Singapore recognizes electronic and digital signatures, and the registration is also done online. At the same time, there may be some activities that may require your physical presence post-registration.
Necessary information to begin with company formation in Singapore
- 3 options of your desired name for the company and a company contact email address;
- Names, addresses, and emails of all shareholders and board members;
- Short description of your company’s activity.
Without a VAT number in Singapore
Only companies that are GST-registered may impose GST and can naturally claim input tax.
Although voluntary registration for GST is allowed in Singapore, approval is not automatic as IRAS will still have to evaluate.
With a VAT number in Singapore
VAT or Goods and Services Tax (GST) as more popularly known in Singapore is imposed on almost all goods and services except those that are expressly excluded under the law. The GST is at a standard rate of 9%.
Any business or company with a taxable turnover that exceeds $1 million is required to register for the GST. For those who do not exceed this taxable turnover, voluntary registration is feasible after due and careful consideration by IRAS.
Required documents to provide to register a company in Singapore
- Passport copies (scans) of all individuals above and a beneficiary owner if applicable;
- A Power of Attorney (POA) from (all) partners/shareholders is needed (in case of a remote company registration);
- Certified company documents (in case at least one of the shareholders is going to be a foreign company).
FACTS ABOUT SINGAPORE
Things to know before registering your company in Singapore
Taxes in Singapore
Taxation of companies in Singapore
Corporate income tax is at a flat rate of 17%. Singapore also has a tax exemption for qualifying companies from 2020 onwards with:
- A 75% exemption on the first 10,000 SGD of normal chargeable income;
- A further 50% exemption on the next 190,000 SGD of normal chargeable income.
Double Tax Treaties
DTAA signed by Singapore for companies
Aiming to identify taxing rights and avoid double taxation, Singapore entered into various Double Taxation Agreements with the ensuing countries:
Albania, Australia, Austria, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Brunei, Bulgaria, Bermuda, Brazil, Cambodia, Canada, China, Cyprus, Czech Republic, Chile, Ecuador, Egypt, Estonia, Ethiopia, Fiji, Finland, France, Georgia, Germany. Ghana, Guernsey, Gabon, Germany, Greece, Hungary, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Indonesia, Japan, Jersey, Kazakhstan, Korea, Kuwait, Kenya, Laos, Latvia, Libya, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Mexico, Mongolia, Morocco, Myanmar, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Panama, Papua New Guinea, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Rwanda, San Marino, Saudi Arabia, Seychelles, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Uzbekistan, and Vietnam.
Note: the DTA with Armenia, although signed, is not yet ratified.
Accounting and audit requirements
Accounting and audit requirements for a company in Singapore
Every company is required to keep certain records such as, but not limited to, accounting records, registers, ledgers, and the like, and file its annual Income Tax Return with the IRAS. The Singapore Companies Act provided that all businesses or companies must have their respective financial statements and accounting records audited annually by an auditor unless it is among those exempted from audit. Filing of annual accounts must be made with the ACRA. For a business or company to be exempt, it must comply with at least two of the following conditions:
- The consolidated revenue must not exceed SGD 10 million;
- The consolidated total assets must not exceed SGD 10 million;
- The total number of employees in the group must not exceed 50 individuals.
Residency requirements for company holders
Economic substance and residency requirements for companies in Singapore
- A company in Singapore may be owned 100% by a foreigner;
- There are not many restrictions, which is why Singapore is among the top countries with a high percentage of ease of doing business;
- The residency requirement mostly applies to the director and the corporate secretary.
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
Taxation of companies in Singapore
Corporate income tax is at a flat rate of 17%. Singapore also has a tax exemption for qualifying companies from 2020 onwards with:
- A 75% exemption on the first 10,000 SGD of normal chargeable income;
- A further 50% exemption on the next 190,000 SGD of normal chargeable income.
DTAA signed by Singapore for companies
Aiming to identify taxing rights and avoid double taxation, Singapore entered into various Double Taxation Agreements with the ensuing countries:
Albania, Australia, Austria, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Brunei, Bulgaria, Bermuda, Brazil, Cambodia, Canada, China, Cyprus, Czech Republic, Chile, Ecuador, Egypt, Estonia, Ethiopia, Fiji, Finland, France, Georgia, Germany. Ghana, Guernsey, Gabon, Germany, Greece, Hungary, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Indonesia, Japan, Jersey, Kazakhstan, Korea, Kuwait, Kenya, Laos, Latvia, Libya, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Mexico, Mongolia, Morocco, Myanmar, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Panama, Papua New Guinea, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Rwanda, San Marino, Saudi Arabia, Seychelles, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Uzbekistan, and Vietnam.
Note: the DTA with Armenia, although signed, is not yet ratified.
Accounting and audit requirements for a company in Singapore
Every company is required to keep certain records such as, but not limited to, accounting records, registers, ledgers, and the like, and file its annual Income Tax Return with the IRAS. The Singapore Companies Act provided that all businesses or companies must have their respective financial statements and accounting records audited annually by an auditor unless it is among those exempted from audit. Filing of annual accounts must be made with the ACRA. For a business or company to be exempt, it must comply with at least two of the following conditions:
- The consolidated revenue must not exceed SGD 10 million;
- The consolidated total assets must not exceed SGD 10 million;
- The total number of employees in the group must not exceed 50 individuals.
Economic substance and residency requirements for companies in Singapore
- A company in Singapore may be owned 100% by a foreigner;
- There are not many restrictions, which is why Singapore is among the top countries with a high percentage of ease of doing business;
- The residency requirement mostly applies to the director and the corporate secretary.
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
WHICH JURISDICTION AND LICENSE TO CHOOSE FOR YOUR PROJECT
Alternatives to company formation in Singapore
Our team has curated the following jurisdictions as being worthy alternatives to a company registered in Singapore:
BosniaCompany Formation in Bosnia
from 2.500 €
- Attractive tax conditions
- Good for import/export
- Simple and quick set-up
BruneiCompany Formation in Brunei
on request
- Offshore in Asia
- Advantageous taxation
- Tax exempt possibilities
BulgariaCompany Formation in Bulgaria
from 1.850 €
- Ideal EU jurisdiction
- 5-10% tax
- Fast and cheap process
BahamasCompany Formation in Bahamas
from 1.350 €
- Tax-free offshore
- No reporting obligations
- Discretion of owners
No offers are listed for this selection.
About company registration in Singapore
The right path forward, regardless of project stage
Yes, but there are some qualifications. There are properties that may be acquired without approval under the Residential Property Act, while there are also those property acquisition that requires approval under the same Act. For a detailed list of what needs approval and what doesn’t, visit the website of the Singapore Land Authority.
No, Singapore does not impose capital gains tax.
Singapore has four official languages: English, Mandarin, Malay, and Tamil. English, however, is used widely and is also the medium of instruction in schools.
Information on this page is general and may change as regulations change. It isn’t legal, tax, or investment advice. Contact us for advice on your situation. Read our full disclaimer.
Contact Us
Request more information about incorporation in Singapore now: during the free primary consultation, we will answer all your questions about the company formation process and draw the further guidelines.
Incorporation Assistance in Singapore - Free Consultation
Easy incorporation of your Singaporean company with our legal and compliance assistance.
Get in touch now, describe your project and questions. An expert will answer them and provide you with guidance.
from 750 € - From 1 week
Get In Touch With Our Experts!
Our team of experts will be glad to provide you with answers and a one-stop-shop solution to all your legal corporate needs.
Company Registration
Consulting Team
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Phone +44 20 4577 0974
Co-Founder and Managing Partner
Sabir Alijev leads jurisdictional research, regulatory engagement, and strategic advisory across crypto licensing, FinTech, and international corporate structuring, with particular focus on LATAM, Caribbean, and Asian markets.
Phone +44 20 4577 0974