Establishing a company in Singapore has become an attractive option for many entrepreneurs and investors due to its favorable business environment, preferential tax policies, and advanced infrastructure. However, to commence business operations there, investors need a clear understanding of the conditions, procedures, and costs involved in company registration. In this article, we will explore the latest essential information to help you more easily embark on your entrepreneurial journey in the “Lion City.”

Investors must comply with the conditions stipulated under Vietnamese investment law and obtain an Outward Investment Registration Certificate to conduct business activities. Specifically:
When registering a business in Singapore, investors must also comply with Singapore’s legal requirements:
Regarding personnel, the following requirements apply:
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Vietnamese investors must register outward investment if establishing a company involves the use of capital (money, machinery, intellectual property rights, property rights) transferred from Vietnam to Singapore.
Pursuant to Clause 13, Article 3 of the Investment Law 2020: “Outward investment activities refer to investors transferring investment capital from Vietnam abroad and using profits derived from such capital to conduct investment and business activities overseas.”
Thus, if capital, assets, or funds from Vietnam are used to establish a company in Singapore, the outward investment registration procedure must be carried out with the Ministry of Planning and Investment. If the outward investment capital in foreign currency equals or exceeds VND 20 billion, the Ministry will seek opinions from the State Bank of Vietnam.
The time limit for issuing an outward investment registration certificate under the Law is 15 working days if the dossier is valid.
Upon completion of the investment activity of establishing a company in Singapore, all lawful profits may be repatriated to Vietnam.
The dossier includes the following items:
Choose the appropriate company type and determine the number of owners, organizations, and shares of the company. Common business structures include private limited company, limited liability partnership, and private limited company.
Entrepreneurs wishing to register their company must have a company name approved by ACRA. This procedure can be carried out online provided the investor complies with regulations and approval is usually granted within a short time.
When establishing a business in Singapore, the company name must not be identical to any existing enterprise or company.
No trademark infringement is permitted.
No vulgar or offensive language is allowed.
Prepare necessary information, including:
Specific shareholder information in each case:
The enterprise must prepare the following documents:
The enterprise submits the complete dossier along with the company registration application form to ACRA for the company registration process. In most cases, ACRA will review the application relatively quickly, often within a few hours. However, in special cases, the enterprise may be required to provide additional necessary documents (if any).
Upon approval, ACRA will send the result notification to the registered email. If the company is successfully registered, this email serves as verification in lieu of an official document recognizing the enterprise’s right to conduct business in Singapore and includes the company registration code (Unique Entity Number – UEN) attached as an electronic certificate.
In addition, the email contains a link to download the electronic company dossier. This electronic dossier records important company information in Singapore.
When opening a corporate bank account, banks in Singapore typically require the following:
Documents commonly required by banks include:
GST (Goods and Services Tax) is an indirect tax levied when customers purchase goods or services from a company. If the company’s annual taxable revenue exceeds SGD 1 million, it must register for Goods and Services Tax (GST) with the Inland Revenue Authority of Singapore (IRAS).
If it is projected that taxable revenue in the next 12 months will exceed SGD 1 million, the enterprise should proceed with GST registration. Once registered for GST, the enterprise is responsible for filing GST returns and making payments at the end of each accounting period (monthly or quarterly). Note that from January 1, 2023, the GST rate has been increased from 7% to 8%.
Upon successful company registration in Singapore, the enterprise must submit annual financial statements in accordance with Singapore Financial Reporting Standards.
Revenue and Estimated Chargeable Income (ECI) must be declared annually within 3 months from the end of the financial year.
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Singapore has the third-lowest corporate tax rate in the world at 17%. In addition, new or developing enterprises enjoy a range of tax incentives, including tax rate reductions, temporary tax exemptions, and tax rebates. These incentives provide businesses with excellent opportunities to reduce costs and increase profits, supporting stable and sustainable growth.
Singapore offers numerous financial support policies for enterprises, including working capital and investment capital. Notable financial support programs include Temasek Holdings, Enterprise Singapore, SPRING Singapore, and others.
Singapore provides extensive support policies for enterprises, including human resource training and development, technical assistance, product development support, and solutions for quality of life and living space issues.
BKC Law provides professional consultation services for establishing companies in Singapore, assisting entrepreneurs and investors in easily understanding the legal process and requirements. With an experienced team of lawyers, BKC Law offers detailed advice on business structures, dossier preparation, and compliance with legal regulations. We are committed to accompanying you throughout the process, ensuring smooth and rapid company establishment.
To receive free legal consultation at BKC Law, please contact our lawyers using the following information:
Telephone: 0901 3333 41
Email: info@bkclaw.vn
Branch in District 1: 9th Floor, Diamond Plaza Building, 34 Le Duan Street, District 1, Ho Chi Minh City
Branch in Binh Tan: 41 Ten Lua Street, Binh Tan District, Ho Chi Minh City
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41 Rockets, Binh Tri Dong B, Binh Tan District, Ho Chi Minh City.
info@bkclaw.vn
0901 3333 41
9th Floor, Diamond Plaza Building, 34 Le Duan, Ben Nghe Street, District 1, Ho Chi Minh City.
info@bkclaw.vn
0901 3333 41