Singapore is known for its business-friendly environment, political stability, and attractive tax regime. These factors have made it one of the top destinations for entrepreneurs and investors looking to establish a presence in Asia. For non-residents, the idea of opening a Singapore company from overseas might seem complex at first, but the process is surprisingly straightforward thanks to efficient digital systems and clear regulations.
Whether you’re launching a startup or expanding your international operations, this guide will walk you through the essentials of company registration in Singapore, from choosing the right business structure to meeting legal requirements—all without setting foot in the country.
Why Set Up a Company in Singapore from Overseas?
Singapore offers numerous benefits that make it ideal for remote business incorporation:
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Ease of doing business: Ranked consistently high in global business environment indexes.
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Attractive tax regime: Corporate tax rates are capped at 17%, with various incentives and exemptions.
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Reputable jurisdiction: Singapore’s legal system and financial infrastructure provide credibility.
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100% foreign ownership: Non-residents can own 100% of shares in a Singapore company.
These advantages make Singapore an appealing location for entrepreneurs, consultants, digital nomads, and SMEs looking to establish a base in Asia without relocating.
Key Requirements for Remote Company Registration in Singapore
Before initiating your Singapore company setup, it’s essential to understand the main legal and procedural requirements:
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Company Name Approval:
The name must be unique and approved by the Accounting and Corporate Regulatory Authority (ACRA). -
Minimum One Resident Director:
Every Singapore company must appoint at least one director who is ordinarily resident in Singapore. This can be a Singapore citizen, permanent resident, or a holder of an Employment Pass or EntrePass.If you’re based overseas, you’ll typically need to appoint a nominee director or apply for an EntrePass/Employment Pass to meet this requirement.
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Shareholders and Share Capital:
A minimum of one shareholder is required. Foreign individuals or companies can be shareholders. The minimum paid-up capital is just SGD 1, though this can be increased as needed. -
Registered Office Address in Singapore:
Your company must have a local Singapore address (not a P.O. Box) to receive official correspondence. -
Company Secretary:
You must appoint a qualified company secretary within six months of incorporation. This person ensures regulatory compliance and maintains corporate records. -
Local Corporate Service Provider:
Since you’re registering from overseas, working with a licensed corporate service provider (CSP) in Singapore is essential. They handle compliance, paperwork, and can provide a registered office address, nominee director, and secretarial services.
Step-by-Step Process for Registering a Singapore Company Remotely
Let’s break down the process of Singapore company formation for non-residents:
Step 1: Choose a Corporate Service Provider
As you can’t incorporate a company directly without a SingPass (Singapore’s digital identity), a licensed CSP will act on your behalf. Choose a reputable provider with experience working with foreign clients.
Step 2: Decide on the Company Structure
The most common option is a Private Limited Company registration in Singapore due to its limited liability, separate legal identity, and ease of raising capital.
You’ll also need to define:
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Company name
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Business activities (using SSIC codes)
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Shareholding structure
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Directors and secretary appointments
Step 3: Submit Documentation
You’ll need to provide the following:
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Passport copies and proof of address for all directors and shareholders
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Details of company structure and ownership
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KYC documents (varies by CSP)
Your CSP will prepare incorporation documents, including the company constitution, consent to act forms, and director/shareholder resolutions.
Step 4: Register with ACRA
Your CSP will submit your application via BizFile+, ACRA’s online portal. If everything is in order, your company can be incorporated within 1 to 3 working days.
Once approved, you’ll receive:
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Certificate of Incorporation
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Company Business Profile
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Company Constitution
Step 5: Set Up a Corporate Bank Account
While some banks require physical presence for verification, many now offer remote onboarding for overseas directors, especially fintech and digital banks. Your CSP may also assist in recommending banks or alternatives like multi-currency platforms (e.g., Wise, Airwallex).
Step 6: Maintain Ongoing Compliance
After incorporation, there are ongoing compliance obligations:
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Annual return filing with ACRA
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Corporate tax filing with IRAS
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Maintaining proper accounting records
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Holding Annual General Meetings (unless exempt)
Your corporate service provider can help ensure you remain compliant with all statutory requirements.
Also Read: Checklist for Company Limited by Guarantee Formation in Singapore
Cost of Registering a Singapore Company from Overseas
Costs can vary depending on your provider and the services required. On average, you can expect:
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Incorporation fees: SGD 300–500 (excluding government fees)
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Nominee director services: SGD 1,500–3,000/year
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Registered office & secretary services: SGD 500–1,000/year
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Bank account setup assistance: May be included or charged separately
While these costs may seem higher compared to local incorporation in other countries, Singapore’s regulatory transparency, credibility, and ease of operations offer long-term value.
Can You Run Your Singapore Company Without Being in Singapore?
Yes, absolutely. Many foreigners run Singapore companies while residing elsewhere. With digital tools and the right local support, you can manage everything from operations to banking remotely.
That said, if you plan to relocate or be more hands-on, you may explore applying for an Employment Pass through your company. This can allow you to move to Singapore and act as your company’s resident director.
Final Thoughts
Remote Singapore company registration is a practical, efficient, and strategic move for foreign entrepreneurs. The process is well-structured and supported by a network of experienced service providers, making it easier than ever to incorporate and manage a company from anywhere in the world.
By understanding the legal requirements, preparing the necessary documents, and partnering with a reliable local agent, you can achieve a seamless Singapore company formation experience—even without visiting the country.
Whether you’re launching a tech startup, setting up a holding company, or opening an international branch, Singapore offers a powerful platform to grow your business globally.
FAQs
1. Can I open a Singapore company if I’m not a Singapore citizen or resident?
Yes, foreigners can own 100% of a Singapore company. However, you must appoint at least one local resident director or engage nominee director services to meet statutory requirements.
2. Do I need to visit Singapore to open a company or bank account?
No, the entire company registration process can be done online through a corporate service provider. Some banks may still require a face-to-face meeting, but several fintech banks offer remote onboarding.
3. How long does it take to register a Singapore company remotely?
Once your documents are in order and submitted, company incorporation typically takes 1 to 3 business days. Bank account opening may take an additional few days to weeks, depending on the provider.
