Singapore is one of the leading financial and trade hubs in Southeast Asia, known for its transparent business environment, competitive tax rates, and stable legal system based on English common law. It’s an ideal choice for businesses wanting to expand into the ASEAN market or build international credibility.
With its strategic position as a gateway connecting Asia and the world, plus attractive tax incentives for newly formed businesses, Singapore suits tech companies, e-commerce businesses, and companies with a long-term growth focus in the region.
Why use this service at AWE Global?
Competitive corporate tax rate
A base rate of 17%, with many tax exemptions/reductions for newly formed businesses in their first 3 years.
Strategic location, global standing
A gateway to the ASEAN market, highly regarded for reliability by international banks and partners.
Transparent law, investor protection
A legal system based on English common law, transparent and protective of foreign investors’ rights.
Process
01Consultation on choosing the right company type (Private Limited Company – Pte Ltd) and name check
02Preparing documents, appointing a Company Secretary and Registered Agent in Singapore (a legal requirement)
03Filing registration with ACRA (Accounting and Corporate Regulatory Authority)
04Receiving the business registration certificate and full legal documentation
Documents / information needed
- Copy of passport or ID of shareholders and directors
- Proposed company name (2-3 options)
- Business registration address information in Singapore
- Intended business industry information (SSIC code)
Common mistakes to avoid
- Not appointing a Company Secretary within the first 6 months — a mandatory requirement under Singapore law that many people overlook.
- Misunderstanding the requirement for at least one Singapore-resident director — foreign owners need a nominee director service if they lack a resident director.
- Not filing the Annual Return and tax reports on time with ACRA/IRAS.
Frequently asked questions
Does a foreigner need to travel to Singapore to form a company?
No, the entire process can be done remotely, but a Company Secretary and a registered address in Singapore are mandatory.
How long does it take to form a Singapore company?
Usually just 1-3 business days if the documents are valid — much faster than in other markets.
Does a Singapore company need a Singaporean director?
At least one Singapore-resident director is required; if you don’t have one, a nominee director service can be used.