Entrepreneurship in Singapore: A Guide for Expats

Published on May 1, 2026 and written by Cyril Jarnias

Singapore is a top destination for expat entrepreneurs looking to start a business abroad. With its attractive tax system, streamlined procedures, and dynamic business environment, the city-state offers numerous opportunities. Here is a comprehensive guide to help you realize your entrepreneurial project in Singapore.

Available Legal Structures

Several legal structures are available to expat entrepreneurs in Singapore:

The Private Limited Company (Pte Ltd)

• Limited liability for shareholders
• Increased credibility with partners and clients
• Ease of raising funds
• Possibility of benefiting from tax incentives

Sole Proprietorship

• Administrative simplicity
• Lower costs

However, the owner is personally liable for debts.

Partnership

It allows you to partner with other entrepreneurs but involves unlimited liability for partners.

Representative Office

This is a temporary solution (maximum 3 years) to explore the Singapore market before establishing a permanent presence.

Administrative Steps to Set Up Your Business

Setting up a business in Singapore follows a relatively simple and fast process. Here are the main steps to follow:

1. Choose and Reserve a Company Name

Start by selecting a unique name for your company and have it approved by ACRA (Accounting and Corporate Regulatory Authority). This step can be done online and typically takes 1 to 2 business days.

2. Prepare the Constitutive Documents

For a Pte Ltd, you will need to draft the company constitution (formerly known as the Memorandum and Articles of Association). This document defines your company’s governance rules.

3. Appoint Directors and Shareholders

• At least one director resident in Singapore (citizen, permanent resident, or EntrePass holder)
• A company secretary
• At least one shareholder

4. Submit the Registration Application

The registration application is submitted online via ACRA’s BizFile+ portal. You will need to provide information on directors, shareholders, the registered address, and share capital.

5. Obtain Necessary Licenses and Permits

Depending on your business sector, you may need specific licenses or permits. Check the requirements with the relevant authorities.

6. Open a Corporate Bank Account

Once your company is registered, you can open a business bank account with one of the many banks in Singapore.

Tax Considerations for Expat Entrepreneurs

Singapore’s tax system is particularly attractive for expat entrepreneurs:

• Progressive corporate tax rate from 0% to 17% on profits
• Partial exemption for new companies in the first 3 years

• Progressive rate from 0% to 22% for tax residents
• Flat rate of 15% for non-residents

• Rate of 7% in 2025 (planned to increase to 9% in 2026)

Tax Treaties

Singapore has signed numerous tax treaties to avoid double taxation, including with France. This can be advantageous for French expat entrepreneurs.

Access to Funding for Expat Entrepreneurs

Singapore offers various funding options for expat entrepreneurs:

• Startup SG: provides grants and mentorship to innovative startups
• Enterprise Development Grant: supports SMEs in their development

Venture Capital and Business Angels

Singapore’s startup ecosystem attracts many local and international investors.

Bank Loans

Singaporean banks offer business loans, but conditions may be stricter for new companies.

Crowdfunding

Platforms like FundedHere or Fundnel allow you to raise funds from individual investors.

Cultural Differences in Business Practices

Understanding business culture in Singapore is essential for success as an expat entrepreneur:

Hierarchy and Respect

Singaporean society places great importance on hierarchy and respect for elders.

Networking

Personal relationships play a crucial role in business. Attend networking events to build your network.

Indirect Communication

Singaporeans often prefer indirect communication to avoid confrontation.

Punctuality

Punctuality is highly valued in the Singaporean business world.

Multiculturalism

Singapore is a multicultural society. Be sensitive to different traditions and cultural practices.

Support Resources for Expat Entrepreneurs

Numerous resources are available to support expat entrepreneurs in Singapore:

• SGInnovate: supports deep tech startups
• JTC LaunchPad: hub for tech startups
• BLOCK71: global entrepreneurial ecosystem

• French Chamber of Commerce in Singapore
• Association of Small & Medium Enterprises (ASME)

• Enterprise Singapore: supports business development
• Economic Development Board (EDB): attracts foreign investments

Specialized Consultants

Many consulting firms offer support services for setting up and developing businesses in Singapore.

Conclusion

Starting a business in Singapore as an expat offers numerous opportunities thanks to a favorable business environment, attractive tax system, and dynamic entrepreneurial ecosystem. By following the key steps detailed in this guide and leveraging available resources, you will maximize your chances of success in this cosmopolitan city-state at the heart of Southeast Asia.