How to Set Up a Company in Singapore as a Foreigner

Setting up a company in Singapore is straightforward, but foreign entrepreneurs still need to navigate a few important requirements before getting started.

Djon from Statrys walks through the essentials, including the need for a local director, a qualified company secretary, a registered address, and basic capital. She also explains why foreign founders must work with a service provider to handle filings through Singapore’s digital systems, and how the incorporation process works from name reservation to receiving your official documents. The overview also outlines expected setup costs and the compliance obligations you will need to manage once the company is running.

Key Takeaways:

• Core requirements for foreign entrepreneurs setting up a Singapore company
• Why a local director, company secretary, and registered address are mandatory
• How the lack of SingPass affects the incorporation process for foreigners
• Step-by-step breakdown of the incorporation process through ACRA
• Typical costs for first-year packages that cover nominee director, secretary, address, and support
• Key compliance obligations after incorporation, including annual filings and tax deadlines
• How professional service providers help manage setup and ongoing compliance