If you’re launching a startup, choosing where to incorporate is one of your first and most important strategic decisions. For thousands of founders around the world, that decision leads to one place: Singapore.
From tech unicorns to lean fintech teams, Singapore has become a top destination for startup incorporation — and for good reason. With its pro-business environment, ease of setup, and strong investor ecosystem, Singapore offers startups a competitive edge right from day one.
Here’s why startups love incorporating in the Lion City.
1. Fast and Easy Incorporation Process
In Singapore, incorporating a company is:
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Simple – only one shareholder and one director required
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Fast – often completed within 1 to 2 days
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Affordable – minimal paid-up capital (as low as SGD 1)
You can even run the process entirely online through ACRA’s BizFile+ system or via a Corporate Service Provider (CSP).
2. 100% Foreign Ownership Allowed
Unlike many jurisdictions, foreigners can fully own a Singapore company. There’s no requirement for a local shareholder. All you need is a local resident director, which many CSPs can provide through nominee services.
This makes Singapore a highly attractive choice for foreign startup founders who want to maintain full control over their business.
3. Startup-Friendly Tax Structure
Singapore offers one of the most startup-friendly tax environments in the world:
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0% tax on the first SGD 100,000 of chargeable income (first 3 years for qualifying new startups)
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A flat 17% corporate tax rate after exemptions
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No capital gains tax
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No dividend withholding tax
This gives founders more breathing room in the critical early stages of growth.
4. Strong Investor & VC Ecosystem
Singapore is a major startup and venture capital hub in Southeast Asia. Major VCs, accelerators, and government-backed funds are active in supporting early-stage companies.
The presence of Enterprise Singapore, EDB, and SGInnovate adds to the appeal with grants, co-investment schemes, and business support for tech-driven and innovative startups.
5. Strategic Location & Global Access
Singapore is perfectly positioned for startups targeting Asia-Pacific markets. It offers:
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Easy access to Southeast Asia, China, India, and Australia
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A multicultural, English-speaking environment
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World-class infrastructure for tech, logistics, and finance
Whether you’re scaling SaaS, e-commerce, or AI — Singapore gives you the reach to expand fast.
6. Business-Friendly Regulations and IP Protection
Singapore ranks consistently high for ease of doing business and rule of law. For startups building intellectual property (IP), Singapore provides:
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Strong IP protection and enforcement
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Easy access to international arbitration
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A legal framework trusted by international partners and investors
This creates a secure foundation for startups operating in tech, biotech, fintech, and more.
7. Government Support for Startups
Through agencies like Startup SG, the Singapore government offers:
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Business grants (e.g., Startup SG Founder, Enterprise Development Grant)
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Startup visas (e.g., EntrePass for foreign founders)
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Co-working spaces, accelerators, and mentorship programs
This level of ecosystem support is rare — and invaluable during your first few years.
Final Thoughts
Incorporating in Singapore isn’t just a bureaucratic step — it’s a smart launchpad for startup success. From fast registration and flexible ownership to low taxes and deep funding networks, it’s no surprise that Singapore continues to attract top global founders.
If you’re serious about building a global startup, Singapore is the place to start. Check out our website at https://ebos-sg.com/ to explore more articles and discover how our Cloud Accountant Services can support you on your business.
