logo
Lunar New Year Offer: Free Hong Kong incorporation fee & Aspire cashback.
Limited time, limited slots: 5/30 left today.
See details →

Powered by a partner ecosystem

OCBC
Airwallex
Aspire
Xero
+ more partners
OCBC
Airwallex
Aspire
Xero
+ more partners
OCBC
Airwallex
Aspire
Xero
+ more partners

Singapore Company Formation Process

Step 1:

Select company name and types
To set up a company in Singapore, you must first acquire a name that's available and in line with statutory requirements.

Typically, there are universal guidelines to choosing a name for your business: availability, appropriateness and uniqueness. As for choosing an entity type, it's best to go with the one that suits business needs to the most.

Step 2:

Submit application
You will need to ascertain information on the directors, shareholders, or other key personnels, in prelude to submitting them along with your chosen company name to the Accounting and Corporate Regulatory Authority (ACRA).

Step 3:

Apply for business license
By law, all companies involved in business formation in Singapore must obtain a business license, either as a sole trader or a registered business. Depending on the nature of your operations, additional vetting by industry-specific inspectors and consulting agencies may be required before your application is approved.

Step 4:

Open a bank account
Here's the final step before getting your company up and going smoothly in Singapore: opening a business bank account.

To ensure a swift and effortless process, consider financial institutions like Aspire, Payoneer, and ANEXT, which utilize cloud-based solutions. Alternatively, you can also opt for a traditional bank account for more comprehensive services.

Step 5:

Stay compliant
Singapore is among the top jurisdictions for doing business in its region. Successful company setup here comes with a higher compliance ceiling, with key requirements including annual returns filing, registered office maintenance, appointing a Company Secretary, and more.

BBCIncorp’s Incorporation
Process

A streamlined, fully managed process for setting up your Singapore company.

01
Place order

You do

Fill out the intake form

We do

Review and confirm details

02
Payment

You do

Complete secure payment

We do

Generate invoice & receipt

03
Online KYC

You do

Complete eKYC verification

We do

Verify & submit to registry

04
Documents ready

You do

Review & download docs

We do

Prepare certified documents

KYC documents checklist

Compliance gate

All company members, including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons are required to provide the following supporting documents.

Note:
  • The list provided, while comprehensive, may not encompass all requirements.
  • For further personalized consultations tailored to your specific case, please reach out to our support team anytime.

Why Singapore?

A regulated, business-friendly environment for founders seeking compliance clarity, banking credibility, and scalable regional access.

Tax efficiency & global trade access
Corporate income tax capped at 17%
Partial tax exemption for startups and SMEs
Avoidance of Double Taxation Agreements with 100+ countries
41 Investment Guarantee Agreements
27 Free Trade Agreements
Stable regulatory & financial ecosystem
Well-developed financial markets and regulatory framework
The largest corporate banking hub in Asia
Transparent legal system and strong investor protection
Straightforward annual compliance requirements
Minimum Private Limited Company requirements
At least one director (minimum one must be locally resident)
At least one shareholder (individual or corporate entity)
A local registered address in Singapore

What our clients say

Customer Review
"BBCIncorp made my Singapore company incorporation effortless. Their online platform guided me through every step, and the team handled my bank account setup seamlessly. I was impressed by how quick and transparent the entire process was"
placeholder

David Lin

Founder, TechNova Solutions (Taiwan)

Customer Review
"We chose BBCIncorp for their expertise in Singapore company incorporation services with a bank account. The service was prompt, professional, and fully remote — a perfect fit for our expanding business."
placeholder

Sarah Wong

Managing Director, OceanBridge Trading Pte. Ltd. (Hong Kong)

Customer Review
"From registration to corporate bank account opening, BBCIncorp’s team delivered excellent support. Their detailed guidance and responsive communication made incorporation in Singapore truly hassle-free."
placeholder

Michael Reyes

CEO, Altura Holdings Inc. (Philippines)

Customer Review
"I appreciated BBCIncorp’s efficient and secure process. Within days, our Singapore entity was incorporated and our bank account was ready. Highly recommend their incorporation services to any foreign entrepreneur."
placeholder

Priya Menon

Co-Founder, FinEdge Analytics (India)

Customer Review
"BBCIncorp made my Singapore company incorporation effortless. Their online platform guided me through every step, and the team handled my bank account setup seamlessly. I was impressed by how quick and transparent the entire process was"
placeholder

David Lin

Founder, TechNova Solutions (Taiwan)

Customer Review
"We chose BBCIncorp for their expertise in Singapore company incorporation services with a bank account. The service was prompt, professional, and fully remote — a perfect fit for our expanding business."
placeholder

Sarah Wong

Managing Director, OceanBridge Trading Pte. Ltd. (Hong Kong)

Customer Review
"From registration to corporate bank account opening, BBCIncorp’s team delivered excellent support. Their detailed guidance and responsive communication made incorporation in Singapore truly hassle-free."
placeholder

Michael Reyes

CEO, Altura Holdings Inc. (Philippines)

Customer Review
"I appreciated BBCIncorp’s efficient and secure process. Within days, our Singapore entity was incorporated and our bank account was ready. Highly recommend their incorporation services to any foreign entrepreneur."
placeholder

Priya Menon

Co-Founder, FinEdge Analytics (India)

Ready to launch your Singapore company

Start your order today or speak with our team

Company Incorporation

placeholder

What are the initial requirements for company formation in Singapore?

  • At least one director and one shareholder
  • At least one local resident director
  • A local registered address in Singapore
placeholder

What kinds of business are allowed in Singapore?

Generally, there are no restrictions on company formation in Singapore, except for certain sectors such as financial services, education, media-related industries, or other politically sensitive businesses.

placeholder

Can a foreigner register a company in Singapore?

Yes, starting business in Singapore for foreigners is entirely possible. According to the Singapore Companies Act, 100% ownership of a Singapore company is permitted, whether the shareholder is a local person or a foreigner.

placeholder

Is there any Double tax treaty (DTT) signed by Singapore?

Singapore has an extensive investment protection agreement and double tax treaty network. This includes most countries in the Asia-Pacific Region and countries in Europe, Africa and the Middle East. These countries include China, Indonesia, Thailand, Malaysia, Philippines, Vietnam, India, Japan, Korea, Australia, New Zealand, South Africa, United Kingdom, Netherlands, Germany, Switzerland, Sweden, France, Belgium, Finland and the United Arab Emirates.

Singapore is also one of the very few countries to have a tax treaty with Taiwan. This explains the popularity of Singapore holding companies for Taiwanese investments into China and the region.

placeholder

How many types of company are available for incorporation in Singapore?

There are six main types of business entities you can set up in Singapore:

  • Limited liability companies (including private limited companies)
  • Partnerships
  • Sole proprietorships
  • Subsidiaries
  • Representative offices
  • Branches

When considering business incorporation in Singapore, it’s important to understand which entity type best fits your goals. Learn more about the exempt private company limited by shares and Holding Company in Singapore.

Industry News & Insights