Are you an entrepreneur based outside of Singapore who wants to start a business in Singapore? Singapore is one of the most business-friendly countries in the world, and foreigners are welcome to set up companies. Here’s what you need to know about business registration in Singapore for foreigners.
Can Foreigners Register a Company in Singapore?
Yes. Foreigners can register a company in Singapore and own 100% of the shareholding. There are no restrictions on foreign ownership which makes Singapore attractive to global entrepreneurs. All companies must be registered with the Accounting and Corporate Regulatory Authority (ACRA).
Key Requirements for Foreigners
To incorporate a company, foreigners must:
- Have at least one local resident director (Singapore Citizen, Permanent Resident, or Employment Pass holder)
- Appoint a qualified company secretary within six months of incorporation
- Provide a registered Singapore office address (a virtual office can be used to keep things professional).
Local Residency Considerations
One of ACRA’s requirements is that at least one director, authorised representative, general partner, or manager must be a local resident. If you don’t have a local director, you will need to appoint a nominee director to meet this requirement.
How to Apply: The Process for Foreigners
Foreigners cannot directly file the application themselves. Instead, you must engage a registered filing agent—such as a law firm, accounting firm, or corporate secretarial firm—to submit your company registration through BizFile+.
The process is straightforward:
- Choose and reserve your company name with ACRA
- Decide on company structure (most foreigners register a Private Limited Company)
- Provide details of directors, shareholders, and company secretary
- Submit incorporation documents via your filing agent
- Receive your Certificate of Incorporation once approved
Why Register a Company in Singapore as a Foreigner?
- 100% foreign ownership allowed
- Low corporate tax rates (17%)
- Access to Singapore’s global banking system
- Strong reputation as a trusted business hub in Asia
Need help to incorporate a company in Singapore? At BlackCap Advisory, we help foreign entrepreneurs navigate ACRA requirements, appoint nominee directors, and get their Singapore companies incorporated smoothly. Chat with us to find out more.