Asia · Private Limited (Pte Ltd)
Singapore Company Formation 2026
Filing $235 · Annual $60 · Corp tax 17% · Banking 9/10
The numbers
| Entity type | Private Limited (Pte Ltd) |
|---|---|
| Filing fee (one-off) | $235 |
| Annual government fee | $60 |
| Registered agent / corp. secretary | ~$600/yr |
| Headline corporate tax | 17% |
| Effective tax notes | First S$200k of chargeable income gets 75% exemption on first S$10k and 50% on next S$190k; effective rate often 5-8% for SMEs. |
| VAT / GST / sales tax | 9% |
| Minimum paid-up capital | Nominal |
| Processing time | 1 business days |
| Remote formation | Yes |
| UBO public | No (private register) |
| Banking accessibility | 9/10 |
| Privacy score | 5/10 |
| Stripe | ✅ Available |
| PayPal Business | ✅ |
| Wise Business | ✅ |
Why people choose Singapore
- Effective low tax for SMEs
- World-class banking
- Stable rule of law
Trade-offs to know
- Local resident director required
- Mandatory corporate secretary
- Annual audit (unless small company exempt)
Who Singapore is best for
- Asia HQ
- Holding companies
- Tech startups
Must appoint local director (nominee ~$1.5-3k/yr) and corporate secretary ($600+/yr).
Authoritative sources
Singapore official business registry / authorityFees last verified against the source: 2026-05-15
Other commonly compared Asia jurisdictions
Frequently asked questions
How much does it cost to form a company in Singapore?
The state/registry filing fee is approximately $235. A registered agent or local representative typically costs around $600/year. Annual maintenance is approximately $60.
What is the corporate tax rate in Singapore?
Singapore's headline corporate income tax rate is 17%. First S$200k of chargeable income gets 75% exemption on first S$10k and 50% on next S$190k; effective rate often 5-8% for SMEs.
Can a non-resident form a company in Singapore?
Yes, remote formation is generally possible in Singapore.
Is Stripe available for Singapore companies?
Yes, Stripe supports businesses incorporated in Singapore.
What is the minimum paid-up capital?
Effectively none — companies can be formed with a nominal $1 of share capital.