Overview
The usual vehicle for a new business is a private company limited by shares (Pte Ltd), registered with ACRA. This page gives a plain-language overview; confirm each point with the registry or a licensed adviser.
Key requirements
- At least one director must be ordinarily resident in Singapore, so non-residents typically use a local nominee or relocate a director.
- A local registered address and a company secretary are required.
- Annual returns and financial statements are filed; audit exemptions depend on size.
Tax in brief
Singapore taxes company income under its own rules with various exemptions and incentives. Confirm current IRAS guidance before you decide.
Who it suits
Founders targeting Asia-Pacific customers who value a strong legal system and banking access, and can meet the local-director requirement.
Banking and practical points
Bank onboarding usually involves substance checks, so plan for documentation about the business and its owners.
Compare with the UAE
Many founders compare Singapore with a UAE free zone or a UAE mainland company. See free zone vs mainland and our other jurisdictions.
Frequently asked questions
Can a non-resident own a company in Singapore?
Often yes, but rules on local directors, addresses and sector restrictions differ. Check the requirements above and confirm with the registry.
Will I be able to open a bank account?
Not guaranteed. Banks apply their own checks and may ask for proof of business activity and ownership.
Do I still owe tax in my home country?
Possibly. Many countries tax foreign companies controlled by their residents, so take advice in both places.
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General information reviewed November 2026, not legal, tax or immigration advice. Rules, fees and thresholds change: confirm with the registry, tax authority or a licensed adviser in the country concerned. ZoneWise does not guarantee licences, visas or bank accounts.