Approval, Permits and Licenses
There is no restriction on the types of business that may be undertaken as long as the proposed activities are permissible under the Singapore law.
Types of business organisations available for foreigners
Are you interested in growing your business in Singapore? Are you unsure of which corporate vehicle to use? Let us help you find the right choice for you.
This section provides comprehensive information about incorporating a new entity in Singapore, be it a branch or representative office, a limited liability company, a sole proprietorship, a partnership, a limited partnership, or a limited liability partnership.
Click here to download the Doing Business in Singapore 2023 guide
Regulation of Foreign Investment
There are no controls on currency exchange.
Branch
A foreign company which intends to carry on business in Singapore, but which does not wish to incorporate a Singapore company may register a branch under the Companies Act. The registration must be completed before the branch commences business.
Limited Liability Company (LLC)
The limited liability company, with share capital, is the most common vehicle contemplated by a foreigner interested investing in Singapore.
Sole Proprietorship or Partnership
A Sole Proprietorship or Partnership is an association of people carrying on business common with a view to profit.
Limited Liability Partnership (LLP)
An LLP gives owners the flexibility of operating as a partnership whilst also offering them limited liability.
Limited Partnership
Limited Partnerships are useful in “labour- capital” partnerships where one or more of the financial backers prefers to contribute money or resources while the other partner performs the work.
Representative Office
A foreign office may establish a presence in Singapore by setting up a representative office. It's for foreign entities that are keen on exploring the viability of Doing Business in Singapore or are interested in using Singapore as a launch pad into the APAC.
Variable Capital Company (VCC)
A variable capital company is a corporate structure that can be used for a wide range of investment funds.
Public Company
There are 2 types of public companies in Singapore.
Doing Business in Singapore
Welcome to Singapore, the easiest place to do business in the world. If you’re considering Singapore as your next business location, then you’ve made a smart choice. Get in-depth business incorporation advice from our Mazars experts regarding company formation, tax and business incentives, immigration policies and more.
Corporate secretarial services
Easing the burden on your business so you can focus on your core
Updates to the Singapore Companies Act
The Singapore Companies Act was enacted in 1967 and currently applies to all companies – public and private incorporated in Singapore and branches of foreign companies set up in Singapore.
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