How to start your company in Singapore from UK
We help you open and run your business 24/7 online from UK – or move to Singapore, too
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No deposits, no hidden costs
We don’t charge a deposit for the Nominee director service. Government fees for incorporation and name-checking are included. You always pay what you see. Our prices are fixed in Singapore Dollars. We use MAS rates to convert them to US Dollars and Euros. The exact price you pay in $ and € depends on the rate and fees your bank applies.
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Additional services you may need
- CorpPass Registration S$100
- Employment Pass (EP) S$950
- Multicurrency accounting S$200/y
- Dependant’s Pass (DP) S$550
- Letter of Consent (LOC) S$300
- EP or DP renewal S$550
Singapore is a great place to set up a business
The legal system is British, English is an official language and UK and Singapore have a Double Taxation Agreement, so you avoid being taxed twice on the same income.
Singapore | UK |
|---|---|
| #2 Ease of doing business | #7 Ease of doing business |
| #1 Enforcing contracts | #31 Enforcing contracts |
| #8 Ease of paying taxes | #23 Ease of paying taxes |
| No Resident Shareholders required | 2 Resident Shareholders required |
According to World Bank 2019 Reports and PWC surveys | |
| 17% Corporate tax | 20% Corporate tax |
| 22% Personal tax maximum | 45% Personal tax maximum |
| 7% GST after S$1m turnover | 20% GST |
As a foreigner, here’s what you need to start a business in Singapore
You only need to fly once to open a bank account, everything else can be managed online. You don’t have to hire any local employees, either
Read our comprehensive 6-steps guide on how to start a business in Singapore for a foreigner
Nominee Director
The most complicated and expensive feature for a foreigner. Every company can have many directors, but at least one of them must be a resident of Singapore. If you do not have someone who can play the role, you can hire a nominee director.
A nominee formally holds director’s position, without any actual decision-making powers or authority to run the company. He is a company officer on paper, necessary to meet the requirements of the law.
Corporate Secretary
A Singapore resident certified under various regulations. That person is responsible for lodging and filing in time all necessary documents required by law. We provide that service.
Local Address
A real mailing address in Singapore. It goes on all legal documents. It doesn’t matter where your company really is located — East river will provide an address.
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