Launch Your Business
in Singapore
Discover the ultimate guide to navigating Asia's most dynamic entrepreneurial ecosystem. From the EntrePass to ACRA registration, become part of the city-state's business community.
World's most business-friendly environment (World Bank 2026)
Flat corporate tax rate (with exemptions)
Average time for complete company registration
Start-ups active in the local technology ecosystem
An Unprecedented Innovation Hub
In 2026, Singapore is no longer merely a major financial centre; it has become the nerve centre of global innovation. The famous Block 71, once a simple industrial building, has expanded to form a vertical "Startup Valley" unlike any other in the world. For French-speaking expats, starting a business here is not just an administrative matter; it is a gateway to ASEAN markets.
The Singaporean government, through agencies such as Enterprise Singapore and the EDB, has established extensive support structures to attract foreign talent. While job security remains highly valued by residents, entrepreneurship is actively encouraged as a driver of growth, particularly through the dedicated visa: the EntrePass.
"Singapore offers a level of stability that few countries can match, combined with administrative efficiency that would make any European entrepreneur dream."
The EntrePass Visa: Your Key to Entry
Unlike the standard Employment Pass, the EntrePass is designed specifically for founders of innovative companies.
Entrepreneur Profile
For those who have raised at least 100,000 SGD from a recognised venture capital firm or are backed by a government-approved incubator (SGInnovate, etc.).
- • Proven external funding
- • Successful entrepreneurial track record
- • Support from an accelerator
Innovator Profile
For holders of Intellectual Property (IP) filed with a recognised institution, or researchers collaborating with local universities.
- • Strategic patent or IP
- • A*STAR research collaboration
- • Rare technical expertise
Investor Profile
For seasoned investors wishing to inject significant capital into local companies and contribute to their strategic development.
- • Asset management experience
- • Investment track record
- • International network contribution
Would you like to find out more about the other types of visas? Visit our dedicated page on Administrative Procedures.
Business Setup Cost & Tax Simulator (EST. 2026)
Initial Setup Costs
0 SGD
Includes ACRA fees and professional services.
Estimated Corporate Tax
0 SGD
After applying 2026 SME tax credits.
The 5-Step Business Setup Journey
Choosing the Structure & Name
The Private Limited Company (Pte Ltd) is the most common structure. You must reserve your business name on BizFile+ (the ACRA portal). The name must be unique and must not infringe any registered trademarks.
Need legal advice? →Appointing Management
Legal requirement: at least one Singapore-resident director and a qualified company secretary within 6 months.
Note: If you are on an EntrePass, you meet the residency requirement.
ACRA Incorporation
The official filing is completed online. You will need the address of your local registered office (not a PO box). Approval is almost instant.
Opening a Bank Account
DBS, OCBC and UOB are the three local giants. Prepare your business plan and proof of identity for all beneficial owners.
Specific Licences
Depending on your sector (food and beverage, finance, education), additional licences may be required through the GoBusiness portal.
Taxation: A Paradise of Efficiency
Singapore operates a territorial tax system. This means that income generated overseas is generally not taxed, unless it is remitted to Singapore.
Partial exemption for the first 3 years (up to 125,000 SGD in profit).
No tax on capital gains or dividends.
Extensive network of double taxation treaties (including France).
| Profit Band (SGD) | Effective Rate (Start-up < 3 years) | Standard Rate |
|---|---|---|
| 0 - 100 000 | ~4.25% | 8.5% |
| 100 001 - 200 000 | ~8.5% | 8.5% |
| Over 200,000 | 17% | 17% |
For more details, see our Local Tax Guide.
Common Mistakes: What You Need to Know
01. Residency
Forgetting that a foreigner cannot be the ONLY director. You need either an EntrePass, a local partner or a paid "Nominee Director".
02. Company Secretary
Underestimating the role of the company secretary. They are not an assistant, but a legal officer responsible for ensuring your compliance with ACRA.
03. Business Plan
Submitting a business plan that is too generic for the EntrePass. MOM (Ministry of Manpower) rejects 80% of non-innovative applications.
04. Local Employment
Underestimating the hiring requirement. To renew your visa, you will have to prove that you have created jobs for Singaporeans.
Frequently Asked Questions (FAQ)
Can I set up a company without being in Singapore? ↓
Yes, absolutely. You can appoint a registered agent (Corporate Service Provider) to complete all the formalities remotely. However, opening a bank account often requires a physical presence in 2026, even though digital banks are relaxing these rules.
What is the minimum required share capital? ↓
Technically, 1 SGD. However, for credibility with banks and to obtain visas, it is strongly recommended that you deposit at least 50,000 SGD.
Does the EntrePass allow me to bring my family? ↓
Yes, but subject to performance conditions. You can only apply for Dependant's Passes for your spouse and children if your company reaches certain annual spending thresholds and creates a minimum number of local jobs. For more information, see Moving Your Family.
What is the Global Investor Programme (GIP)? ↓
It is a fast-track route to Permanent Residency (PR). It is intended for wealthy investors willing to invest at least 10 million SGD in a new business entity or an approved GIP fund.
What are the annual obligations? ↓
Each year, you must hold an Annual General Meeting (AGM) and file your financial reports (Annual Returns) with ACRA. You must also declare your income to IRAS (the local tax authority).
Can I be self-employed? ↓
The "Sole Proprietorship" structure exists, but it is generally reserved for Singapore citizens or permanent residents. Expats must almost exclusively set up a Private Limited.
Ready to turn your vision into reality?
Join Singapore's French-speaking community and benefit from expert advice.