Company Formation in Singapore

Why Register a Company in Singapore?

Singapore consistently ranks as Asia's top business destination — transparent legal framework, low corruption, world-class banking, and gateway access to 650 million ASEAN consumers. The Pte Ltd structure offers 17% corporate tax with generous startup exemptions, and the country's network of 90+ double tax agreements makes it ideal for regional headquarters.

One critical requirement: at least one locally resident director is mandatory. MYFIRM GLOBAL provides nominee director services for non-resident founders.

Key Benefits of Singapore

Taxation & Compliance in Singapore

Singapore corporate tax is a flat 17%. Startup Tax Exemption: 75% exemption on the first SGD 100,000 of chargeable income and 50% on the next SGD 100,000 for the first 3 years. No capital gains tax. Singapore has 90+ double tax agreements covering most major economies.

GST (equivalent of VAT) is 9% and mandatory registration is required once annual taxable turnover exceeds SGD 1,000,000. Withholding tax applies to certain payments to non-residents but rates are reduced under most DTAs.

Banking Options for Singapore Companies

Singapore banking is among Asia's best. DBS, OCBC, UOB, and Standard Chartered offer comprehensive corporate banking with strong international capabilities. Digital-first options like Aspire, Airwallex, and Wise Business are fully integrated with Singapore entities. Account opening requires at least one locally resident director and thorough due diligence — MYFIRM GLOBAL prepares complete documentation packages.

Our Registration Process

How Singapore Compares

Common Mistakes When Registering in Singapore

Frequently Asked Questions