Guide Preview 

Forming a Company

in Singapore 

March 2025 | Bolder Team  

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This article is a preview of Bolder Group’s fact sheet on how to set up and register a business in Singapore. Our free resource explains the process, the requirements and the benefits to forming a Singapore company. 

Please note that this guide is for general informational purposes only. It is not intended to provide the reader with legal, tax or financial advice. Consult with a professional before making any decision. 

 

A guide to forming a company in Singapore 

GFX - HOW TO SET UP A BUSINESS IN SINGAPORE
Over 60,000 new businesses are registered annually in Singapore (Source: ACRA). The city-state of Singapore is recognised for its competent business environment and investment opportunities for startups and entrepreneurs.  
Setting up a business in Singapore is quick, easy and free of hidden expenses, whether you’re a permanent resident, a citizen of Singapore or a foreigner. 
First, let’s explore the advantages of setting up a company in Singapore:
  • Strategic location: Singapore is situated in the centre of Southeast Asia, close to some of the world’s most significant economies, including China, Japan, India and Australia. Singapore’s port is one of the busiest ports in the world and is regarded as an important international maritime centre. 
  • Excellent tax system and benefits: Companies that conduct business in Singapore, whether residents or non-residents, are subject to tax on both their foreign and Singapore-sourced revenue when it is remitted or presumed remitted to Singapore. When certain types of income, such as interest, royalties and technical service fees, are deemed to originate in Singapore, non-residents are liable to withholding tax (WHT). 
  • 100% foreign ownership and unrestricted currency: In Singapore, a foreigner is permitted to own 100% of a company's stock with Singaporean incorporation. No local shareholders or partners are required. As a result, you can establish a business with the capital structure of your choice and divide ownership according to your investment requirements.  
Take note of the following minimum requirements before forming a private limited company in Singapore: 
  • Company Secretary 
  • Directors (at least one Singapore resident)  
  • Shareholders  
  • Registered Office Address  
  • Paid-up Capital 
There are different requirements for foreigners who want to register their company in Singapore.
 
Please download our guide or contact our team to learn more.  

Is Singapore the right country for you to expand your business?

Talk to our team to learn more about the benefits of starting a Singapore company.  

Can foreigners register a company in Singapore?

A foreign company that wants to establish its business in Singapore might register as a branch office, representative office or subsidiary office in Singapore.

Branch Office A branch office is an extension of the parent company. This implies that the branch office’s liability extends to the parent company because it lacks a distinct legal identity. 
Representative Office If a company has a representative office registered in Singapore, it is there temporarily to carry out market research activities. It has no legal standing in Singapore and is prohibited from taking part in any profitable activity. 
Subsidiary Company When a company registers as a subsidiary, it adopts a private limited company structure in Singapore and the parent company becomes a shareholder.

 

Our fact sheet delves deeper into the company registration process in Singapore.

If you want to learn more, download our free guide!

A guide to forming a company in Singapore 

GFX - HOW TO SET UP A BUSINESS IN SINGAPORE

Get your copy now!

Being at the centre of Southeast Asia, Singapore offers investors and asset managers easy access to the region. Thanks to its location, Singapore has become one of the more popular global destinations to set up funds or form a company. Add to this, the country’s competitive tax system, support for innovation and low levels of corruption make Singapore the ideal hub to establish your regional operations.

Interested in setting up your business in Singapore? Let our team assist you!

Bolder Group does not provide financial, tax or legal advice and the information contained herein is meant for general information purposes only. We strongly recommend that before acting on any of the information contained herein, readers should consult with their professional advisers. The Bolder Group accepts no liability for any errors or omissions in the information, or the consequences resulting from any action taken by a reader based on the information provided herein.

Bolder Group refers to the global network of independent subsidiaries of Bolder Group Holding BV. Bolder Group Holding BV provides no client services. Such services are provided solely by the independent companies within the Bolder Group which are each legally distinct and separate entities and have no authority (actual, apparent, implied or otherwise) to obligate or bind Bolder Group Holding BV in any manner whatsoever. The operations of the Bolder Group are conducted independently and have no affiliation with third party financial, tax or legal advisory firms or corporations.  

About Bolder Group

Bolder Group is a result of the merger between legacy companies AMS Financial Group and Circle Partners. Bolder has been providing clients globally with governance, corporate, funds and family wealth solutions for over 45 years. The firm is independent and privately owned. Bolder is present in 18 countries across Asia, EMEA and the Americas.