• Company Formation
• Taxation of Companies
• How to Register your Company
• Costs and Legal Fees

Singapore is the largest port in Southeast Asia and one of the busiest in the world. It owes its growth and prosperity to its focal position at the southern extremity of the Malay Peninsula, where it dominates the Strait of Malacca, which connects the Indian Ocean to the South China Sea. Once a British colony and now a member of the Commonwealth, Singapore first joined the Federation of Malaysia on its formation in 1963 but seceded to become an independent state on August 9, 1965.

Singapore stands at a crossroads in the digital payments revolution. While digital wallets are reshaping how businesses handle cross-border transactions, a noticeable gap persists in consumer awareness. This disparity, particularly when compared to the persistent dominance of traditional payment methods, presents both a challenge and an opportunity for the future of Singapore’s financial landscape.

Starting a business is an exciting yet daunting journey, and many aspiring entrepreneurs in Singapore are unsure where to begin. Beyond having a great idea, start-ups and small and medium-sized businesses (SMBs) must navigate essential steps like setting up banking services, securing connectivity and managing costs – all while adapting to an evolving business landscape.

The Singapore government introduced in the Budget 2025 new initiatives and policies – for a wide range of activities spanning R&D and innovation, AI, sustainability, regional expansion, and more – to help drive business growth, strengthen competitiveness, and enhance workforce resilience. Moves are also being made to enhance regulatory efficiency and ease the compliance burden for businesses – for example, the government will increase the validity period of regular businesses licences to a minimum of three years, where possible.

The combination of tax rebates, deductions, and extended support schemes ensure companies can manage short-term cost pressures while planning for sustainable local and overseas growth.

All companies in Singapore must be registered with the Accounting & Corporate Regulatory Authority (ACRA) and abide by the Companies Act.
 
While there are five different business entities to choose from, the most common and flexible business entity that can be set up in Singapore is a Private Limited Company.
 
Once the incorporation documents are ready and signed, we will register the company with Singapore’s company registrar, Accounting and Corporate Regulatory Authority (ACRA). The Singapore company registration process is conducted online and in most cases it takes less than an hour.
 
ACRA will issue the following official documents:
 
- e-Certificate of Incorporation: This is an official electronic document confirming the registration of a company in Singapore. The certificate shows (see sample) the name of the company, the date of the incorporation, and the company registration number called Unique Identification Number (UEN). A hard copy of the certificate of incorporation is not issued by ACRA by default; it is not required in Singapore for any purpose; the e-Certificate suffices.
 
- Business Profile: This document shows the corporate structure of the company. The information contained in the document includes the company’s primary business activity, registered address, details of shareholders and directors, and shareholding structure.
 
As soon as your Singapore company is registered, you can start conducting business under its name.
 
Companies incorporated in Singapore can also take advantage of a few government schemes to promote and grow their businesses. One example is the Enterprise Development Grant (EDG).
 
Establishing a business requires careful planning. Working with our experts can help streamline this process, providing valuable insights and tailored strategies to ensure successful outcome. Don’t hesitate any longer. Apply to become a client today to work with our experts on legal strategies to overcome barriers.

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