Foreigners can set up or own a Singapore business, but the practical requirements depend on the structure, who will manage it, where the business is based and whether the founder will work in Singapore. Immigration permission and business registration are separate questions.
Which structures can foreigners consider?
Foreign founders may compare a sole proprietorship, partnership, LP, LLP or private limited company, subject to the requirements of the chosen structure. A structure comparison can help clarify the trade-offs around liability, ownership and administration.
Local-residency requirements
Some structures require a locally resident manager, authorised representative or director. A Singapore company must have at least one ordinarily resident director, and an LLP must have at least one locally resident manager. The exact requirement depends on the structure and current ACRA rules.
Can a foreigner be a director or shareholder?
A foreigner may be able to hold an ownership or officer role, but the company must still meet its local-residency requirements. Shareholders, directors and people working in the business can also face different immigration, tax and employment considerations.
What should overseas founders prepare?
- A clear ownership and management plan.
- A Singapore registered office address where required.
- The identity and residential details needed for the owners and officers.
- A plan for any locally resident director, manager or authorised representative requirement.
- Checks for industry licences, tax registration and permission to work in Singapore.
Do foreigners need a corporate secretary?
If you incorporate a Singapore company, the company must appoint a locally resident company secretary within six months. This is a company-compliance requirement and does not by itself provide immigration or work authorisation. Read what a corporate secretary does.
Frequently asked questions
Can I own a Singapore company without living there?
Ownership and residency are separate issues, but the company must satisfy its officer and registered-address requirements. Get advice on the current requirements for your circumstances.
Can I work for my Singapore business as a foreigner?
Not automatically. A foreign founder who will work in Singapore should check whether a suitable work pass is required and whether the business qualifies under the current rules.
Should I use a professional incorporation service?
It can be helpful when local-residency, immigration, regulated-industry or multi-owner requirements are involved. Compare the provider’s scope, fees and commercial relationships before engaging it.
Compare your available structures
WayInc can help you understand which options may fit your ownership and liability preferences.
