Company Formation in Singapore | Register a Company | ASC Consulting
Service Overview
Singapore, Southeast Asia’s Top Business Destination
Singapore combines political stability, a transparent legal system, and pro-business policies to consistently rank among the world’s top destinations for foreign direct investment. With a corporate tax rate of 17%, an extensive network of 90+ double taxation agreements, and the region’s strongest IP protection regime, Singapore is the preferred regional HQ location for companies targeting ASEAN and Asia Pacific markets.
ASC Consulting supports international companies in registering Singapore private limited companies with ACRA, obtaining Employment Passes for key personnel, and establishing full tax and payroll compliance from day one. Our end-to-end service covers incorporation, corporate secretary, GST registration, and ongoing annual reporting, giving you a fully operational Singapore entity without the administrative burden.
IMPLEMENT
- • Incorporation
• Trademark, Intellectual Property & CopyRights
• Sourcing / QC
• CRM
THINK
DEVELOP
- • Distribution
• Funds raising
• Sell / purchase / stock in Europe
• Digitalize your business
What WE DO
- • Tax consulting (VAT, GST, Profit tax, ...)
• Hide the source of your goods
• Do business in China
• Set up structuring tools (Monday.com, Xero, ...)
RUN
- • Administrative services
• Tax Filing
• Temporary CEO / COO
• Recruiting
• System integration
Industry Insights
Singapore Business Expansion: Market Insights
Singapore attracted over USD 17 billion in foreign direct investment in 2023, reinforcing its status as Asia Pacific's leading business hub. The government's Smart Nation initiative and pro-business policies continue to draw technology, fintech, and professional services firms from Europe, Japan, and the US.
Singapore's GST rate moved to 9% in January 2024. Companies with international revenue structures should plan carefully to ensure compliance. ASC Consulting helps foreign businesses navigate these changes while optimizing their regional tax position through Singapore's extensive DTA network.
Benefits
1–2 Day Incorporation: ACRA processes new company registrations within 1–2 business days electronically. No in-person visit required.
17% Corporate Tax: With generous startup exemptions, 75% off first SGD 100,000 for the first 3 years, and 90+ Double Tax Agreements.
100% Foreign Ownership: No local partner required for most activities. Nominee director service available if needed.
ASEAN Gateway: Access to 700 million consumers across Southeast Asia from a stable, AAA-rated, business-friendly hub.
Strong IP & Legal Protection: World-class IP framework, leading international arbitration centre, and top-ranked contract enforcement.
Process
How ASC Consulting Sets Up Your Singapore Company
- Structure planning (Day 1): We advise on the optimal entity type (Private Limited Company, Branch, or Representative Office) based on your business model and objectives.
- ACRA registration (Day 1–2): We prepare and file all documents with the Accounting and Corporate Regulatory Authority. Incorporation is typically approved within 1–2 business days.
- Post-incorporation setup (Week 1–2): Corporate secretary appointment, registered address, share allotment, and opening a corporate bank account.
- Employment Pass and work visa applications: We assist directors and key staff with MOM work pass applications.
- GST and tax registration: We handle GST registration when applicable and set up your tax filing calendar with IRAS.
- Ongoing compliance: Annual returns, corporate tax filing (Form C-S/C), payroll processing, and bookkeeping.
Frequently Asked Questions, Singapore Company Registration
How long does it take to register a company in Singapore?
ACRA typically approves new company registrations within 1–2 business days, provided all documents are in order and no regulatory review is required.
What is the corporate tax rate in Singapore?
Singapore’s headline corporate tax rate is 17%. New startups enjoy significant exemptions: 75% exemption on the first SGD 100,000 of chargeable income for the first 3 years of operation.
Do I need a local director for a Singapore company?
Yes. Singapore law requires at least one ordinarily resident director (Singapore citizen, PR, or Employment Pass holder). ASC Consulting can provide a nominee director service if needed.
When does my Singapore company need to register for GST?
GST registration is mandatory when your taxable turnover exceeds SGD 1 million in a 12-month period. Voluntary registration is available for businesses below the threshold. Singapore GST is currently 9%.
Can I open a Singapore company 100% remotely?
Yes. The entire incorporation process can be completed remotely. ASC Consulting handles all filings electronically with ACRA on your behalf, without requiring your physical presence in Singapore.
Getting Started
Begin your company formation journey in Singapore by contacting us. We will guide you through the process, from choosing the right type of company to navigating the registration with ACRA and beyond.
Our Main Places of Activity
ASC Consulting provides full-service company registration and compliance support in Singapore, from ACRA incorporation and Employment Pass applications through to corporate tax filings, GST compliance, and ongoing payroll management. We handle every step so you can focus on your business growth.
With 25+ years of cross-border expertise between Europe and Southeast Asia, our team supports foreign companies across fintech, professional services, trading, and manufacturing sectors. We combine technical tax knowledge with practical commercial advice to help you get your Singapore entity right from day one.
Explore our company formation services in other key markets: Hong Kong · Indonesia · Japan · China · France
Our Group
We are a privately owned Group that prioritizes the service to its clients, and values personal approaches as well. We have been founded by qualified professionals from legal/fiscal sectors with more than 25 years cross-border experience gained in Europe & Asia - giving them perfect understanding for tax environment where client operates both at home base country or when investing abroad.
