Opening a Business in Singapore as a Foreigner: What You Need to Know

Why Singapore Is Ideal for Foreign Entrepreneurs

Singapore consistently ranks among the world’s best places to do business. With its pro-business policies, low tax regime, robust legal framework, and strategic access to Asian markets, it’s a natural choice for foreign investors and entrepreneurs.

The good news? You don’t need to be a Singapore citizen or resident to start a company here — but there are certain rules you must follow to incorporate and operate legally.

Can a Foreigner Open a Business in Singapore?

Yes. A foreigner can own 100% of the shares in a Singapore private limited company. However, to incorporate and manage a company locally, you’ll need to fulfill certain statutory and operational requirements, such as appointing a resident director.

Key Requirements for Foreign-Owned Companies

At Least One Resident Director
Must be a Singapore citizen, PR, or EntrePass/Employment Pass holder. If you’re not a resident, you’ll need to appoint a nominee director.
Registered Local Address
A physical address (not a P.O. Box) is required for ACRA registration. Most foreigners opt for virtual office services.
Minimum Paid-Up Capital
Only S$1 is required to start a company.
Company Secretary
Must be appointed within 6 months of incorporation to handle statutory compliance.
Corporate Bank Account
Needed for business operations. Most local banks require in-person verification.

Step-by-Step Process to Start a Business in Singapore as a Foreigner

Choose a Business Name
Check availability and reserve it through ACRA.
Engage a Corporate Service Provider
Foreigners cannot self-register with ACRA. A licensed filing agent (like us) must handle the incorporation.
Prepare Incorporation Documents
Includes shareholder and director details, company constitution, and registered address.
Appoint a Nominee Director (if needed)
To meet the resident director requirement until you obtain a work pass.
Register the Company with ACRA
Typically completed in 1–3 working days.
Open a Corporate Bank Account
We assist with arranging appointments and preparing documentation.
Apply for Work Pass (Optional)
If you plan to relocate, apply for an Employment Pass or EntrePass.
Ongoing Compliance
Maintain annual filing, bookkeeping, tax reporting, and corporate secretarial services.

Common Business Structures for Foreigners

Private Limited Company (Pte Ltd) – Preferred for flexibility, tax benefits, and limited liability.
Subsidiary Company – Ideal for foreign corporations establishing a local arm.
Branch Office – Considered an extension of the parent company, with fewer legal separations.
Representative Office – Non-commercial; suitable for market research or liaison functions.

How Excellence Singapore Supports Foreign Entrepreneurs

We provide an all-in-one setup package including:

Company incorporation with ACRA
Nominee director services
Virtual office (registered address)
Company secretary appointment
Bank account opening support
Employment Pass or EntrePass application
Accounting, GST, and tax filing services

Whether you’re starting a new venture or expanding an existing one, we make Singapore entry smooth and fully compliant.

Conclusion: Launch in Singapore with Expert Support

Starting a business in Singapore as a foreigner is very possible — with the right guidance. Let us manage the legal, statutory, and operational steps so you can focus on launching and growing your business.