Incorporations For Locals in Singapore

Why Singapore Is the Ideal Place to Incorporate Your Company

Singapore is consistently ranked among the world’s top business destinations and was placed second in the IMD World Competitiveness Ranking in 2025. For entrepreneurs and corporations looking to establish a presence in Asia, the formation of a Singapore company offers distinct strategic, financial, and regulatory advantages.

Competitive Corporate Tax Rate: Singapore’s corporate income tax rate is capped at 17%, considered as one of the lowest in Asia. In practice, the effective rate for many SMEs and startups is significantly lower due to partial tax exemptions, rebates, and incentive schemes available through the Inland Revenue Authority of Singapore (IRAS).

Start-Up Tax Exemption (SUTE): Newly incorporated companies that qualify for the Start-Up Tax Exemption (SUTE) scheme enjoy a 75% tax exemption on the first S$100,000 of chargeable income, and a 50% exemption on the next S$100,000, for each of the first three consecutive years of assessment. This significantly reduces the tax burden for early-stage businesses.

Zero Capital Gains Tax: Singapore does not impose capital gains tax. Dividends paid out to shareholders are also generally tax-exempt, making it one of the most attractive jurisdictions for holding companies and investment vehicles.

Extensive Double Taxation Agreements (DTAs): Singapore has signed over 80 comprehensive Double Taxation Agreements (DTAs) with countries worldwide, allowing businesses to reduce withholding taxes on cross-border transactions and avoid being taxed twice on the same income.

Strategic Location and Connectivity: Situated at the crossroads of major shipping and air routes, Singapore provides unparalleled access to Southeast Asian markets of over 650 million consumers. Changi Airport ranks among the world’s best-connected airports, and Singapore’s port handles millions of containers annually.

Pro-Business Regulatory Environment: Singapore’s regulatory framework is transparent, efficient, and internationally respected. ACRA’s online BizFile+ platform enables fast and straightforward company formation support, with most applications processed within one to three business days.

100% Foreign Ownership Permitted: Unlike many jurisdictions in the region, Singapore allows foreign nationals to own 100% of the shares in a locally incorporated company. There are no restrictions on repatriating profits or capital.

Requirements to Incorporate a Company in Singapore

Watch the video above to understand the processes and requirements for incorporating a company in Singapore. Thereafter, you may refer to this post-incorporation checklist for a comprehensive look into what comes after the incorporation.

Why Engage a Company Incorporation Assistance in Singapore

Navigating the complexities of company incorporation assistance in Singapore can be time-consuming and challenging, especially for first-time entrepreneurs or foreign businesses. Engaging professional incorporation assistance offers numerous benefits:

• Ensure Legal Compliance: Experts in Singaporean company law ensure your incorporation process adheres to all legal requirements, minimising the risk of errors or delays.
• Save Time and Effort: Incorporation specialists handle the tedious paperwork, filings, and administrative tasks, freeing up your time to focus on your core business activities.
• Access Expert Guidance: Benefit from expert advice on choosing the right business structure, understanding shareholding structures, and fulfilling ongoing compliance obligations.
• Minimise Stress and Hassle: Avoid the stress of navigating unfamiliar procedures and regulations. Professionals guide you through the process, ensuring a smooth and hassle-free experience.

Why Choose OneStop Professional for Your Company Incorporation Assistance in Singapore?

While many firms in Singapore offer company incorporation assistance, OneStop Professional has built a strong reputation as a trusted, affordable, and reliable company incorporation assistance provider since 2011. Here is what sets us apart:

Over 15 Years of Incorporation Experience: Since 2011, OneStop Professional has assisted hundreds of local entrepreneurs, foreign investors, and multinational subsidiaries with the incorporation of Singapore companies assistance across a wide range of industries.

ACRA-Registered Filing Agent: As a registered filing agent with ACRA, OneStop Professional is authorised to submit incorporation applications and statutory filings on behalf of clients, including foreign nationals who cannot self-formate the company.

Transparent, All-Inclusive Pricing: Our incorporation assistance packages start from S$600 and include all ACRA fees, document preparation, and post-incorporation documentation. There are no hidden charges or surprise fees.

Fast Turnaround From S$600: Most straightforward incorporation applications are completed within one to three business days once all required documents are received. We handle everything so you do not have to navigate the ACRA portal yourself.

One-Stop Solution: Beyond incorporation assistance, OneStop Professional provides nominee director services, company secretarial services, outsourced accounting, payroll, and corporate tax filing all under one roof. This means your company remains compliant from day one and beyond.

Serving Local and Foreign Clients: Whether you are a Singapore resident, an overseas entrepreneur, or a foreign company establishing a Singapore subsidiary, our team has the expertise to guide you through every step of the incorporation process.

Company Incorporation Assistance Process

The process of incorporating in Singapore involves several key steps to ensure compliance and successful registration, namely:

Types of Company

Disclaimer: Onestop Corporate Services is a private service provider and is not affiliated with the Accounting and Corporate Regulatory Authority (ACRA) or any Singapore Government agency.