Last Updated: July 23, 2025
Singapore is a premier global financial and logistics hub known for its stable government, pro-business policies, and strong IP protection. Ranked among the easiest places to do business globally, Singapore is ideal for companies expanding into Southeast Asia. Its economy is driven by services, trade, and high-value industries like fintech, biotech, and advanced manufacturing. As of 2024, Singapore’s GDP stood at approximately USD 500 billion, with forecasted growth of 2.4% in 2025.
Capital City
Singapore
Language
English, Mandarin, Malay, Tamil
Currency
Singapore Dollar (SGD)
Business Hubs
Singapore (nationwide)
Unlock growth opportunities in Singapore with Cerity Global as your trusted partner. We offer end-to-end support for establishing your legal entity, navigating Singapore’s often complex regulatory landscape with clarity and efficiency.
From company registration to ongoing back-office support, including HR, payroll, benefits, accounting, tax and compliance, Cerity Global simplifies the process so you can focus on growing your business.
Need to hire quickly before your entity is set up? We offer interim EOR services in Singapore, enabling you to onboard talent fast. Once your entity is established, we ensure a smooth transition of your employees from the EOR structure to your own legal entity, without disrupting payroll or compliance.
Our experts stay ahead of regulatory changes to keep your operations aligned with Singapore’s employment and tax laws, helping you scale confidently and compliantly.
The most common entity type in Singapore, a private limited company offers limited liability protection, ease of transferability, and tax incentives. It can be 100% foreign owned and requires a minimum of one shareholder and one resident director.
A branch office is an extension of a foreign company; not a separate legal entity. It can conduct profit-generating business in Singapore.
A representative office is a temporary setup for non-commercial activity such as market research or liaison purposes. This type of entity structure cannot generate revenue or enter contracts and is valid for up to three years.
Must appoint at least one director who is a resident of Singapore. This can be a Singapore citizen, permanent resident, or EntrePass/Singapore Employment Pass holder.
Must appoint one authorized representative who is a Singapore resident.
Must appoint a Chief Representative residing in Singapore under an eligible work pass.
Singapore bank account setup requires specific documentation and follows strict regulatory compliance procedures:
Cerity Global supports companies in their global expansion plans and helps in legal entity setup, registration and ongoing support services. With us, you can quickly set up a legal entity, operate compliantly, and expand globally. The process typically takes a few days to a week, depending on the bank.
Reasons you should setup legal entity in Singapore:
Cerity Global ensures your business expansion in Singapore is fast, compliant, and future-ready, so you can focus on growth while we manage the back-office tasks.
Economic figures are subject to change based on quarterly reports and market conditions.
Cerity Global combines deep local knowledge with proven expertise to make your Singapore business establishment effortless and compliant. Whether you’re looking for legal entity setup and registration or ongoing support, we’re your trusted partner for sustainable global expansion in Singapore.
Disclaimer – The information provided is for informational purposes only and does not constitute legal, business, or tax advice. Entity setup requirements, tax rates, and economic data are subject to change and may vary by location.
To discuss your needs and how we can help you achieve a compliant and efficient expansion.