The official rules that apply
- Qualifying new companies get 75% exemption on the first S$100,000 of normal chargeable income and 50% on the next S$100,000 for each of the first 3 Years of Assessment (max S$125,000 exempt per YA).
- Conditions include Singapore incorporation, Singapore tax residency for the YA, and not more than 20 direct beneficial shareholders.
Registration basics in Singapore
| Company type | Private company limited by shares (Pte Ltd) |
|---|---|
| Registry | ACRA |
| Government filing fee | SGD 315 — Name application S$15 + registration S$300. |
| Registration time | Most applications are approved shortly after payment; complex cases take up to 15 working days, referrals to other authorities 14 to 60 days. |
| Resident director | At least one director must be ordinarily resident in Singapore. A resident company secretary is required within 6 months. |
| Visit, notary or lawyer | Filed online via BizFile by the applicant (who must become director or secretary) or by a corporate service provider. |
| Registered address | A Singapore address open to the public during normal business hours. PO boxes are not allowed; it need not be the place of business. |
| Minimum capital | Not stated |
| Corporate tax | Flat 17% on chargeable income, with start-up and partial exemptions for qualifying companies. |
| Every year | Annual return filing with ACRA plus financial statements and tax filings. |
Full step-by-step guide: company registration in Singapore.
Sources
- iras.gov.sg, checked 27 September 2026
- iras.gov.sg, checked 27 September 2026