Singapore Business Setup

Overview

Singapore is Asia's premier business hub — consistently ranked among the top 3 globally for ease of doing business, transparency, rule of law, and talent availability. The country's extensive DTAA network (80+ countries), world-class banking, pro-business ACRA regulatory framework, and 17% corporate tax rate (with substantial startup exemptions) make it the preferred holding and operating hub for Indian companies expanding into Southeast Asia, ASEAN, Japan, Australia, and the Middle East.

The primary structure for foreigners is a Private Limited Company (Pte. Ltd.) registered with ACRA (Accounting and Corporate Regulatory Authority). Singapore companies MUST have at least one locally resident director — either a Singapore citizen, permanent resident, or valid pass holder. MFiling provides nominee director service through its Singapore partner for clients who cannot yet meet the residency requirement. Incorporation is typically completed within 1–3 business days.

Start-Up Tax Exemption (SUTE) Scheme — first 3 years: first S$100,000 at 75% exempt (effective 4.25% tax) + next S$100,000 at 50% exempt (effective 8.5% tax). Above S$200,000: full 17% rate. Other key benefits: no capital gains tax, foreign-source dividend exemption, and territorial tax system.

ACRA registration fee: S$315 (one-time). Annual ACRA return: S$60/year. Nominee director service: S$2,000–5,000/year.

MFiling professional charges: from Rs.24,999 inclusive of ACRA filing, Constitution, UEN, and bank account guidance.

Key Benefits

Documents Required

How it Works

Frequently Asked Questions