Why do I need a resident director for a Singapore company?

Singapore law requires at least one director who is ordinarily resident in Singapore (citizen, PR, or EP holder). Nomadic Go arranges a licensed nominee director as part of our Singapore Pte Ltd formation service.

What is the Singapore corporate tax rate for startups?

The headline rate is 17%, but qualifying new companies receive a 75% exemption on the first S$100,000 of chargeable income and 50% on the next S$100,000 for the first three years of assessment.

Can I open a Singapore business bank account as a foreigner?

Yes. Singapore has excellent business banking. Nomadic Go provides business banking assistance for Singapore companies, helping with documentation and bank selection.

Is Singapore good for APAC expansion?

Singapore is widely considered the premier jurisdiction for APAC market entry. Its common law framework, strong IP protection, and investor-ready company structure make it the preferred jurisdiction for regional and global VC-backed companies.

Are there nationality restrictions for Singapore company formation?

Singapore imposes no nationality-based restrictions on company shareholders. Any foreign national can own 100% of a Singapore Pte Ltd, subject to standard AML/KYC requirements. Nationals of OFAC-sanctioned countries (Iran, North Korea, Cuba, Syria) will face banking difficulties even if formation is technically possible. Singapore banks apply thorough due-diligence standards and may decline account applications from nationals of FATF-greylisted or higher-risk countries — our banking assistance service assesses this before submission.

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Services in Singapore

Explore visas, banking support, company formation and compliance services in Singapore, plus curated solution bundles with fixed pricing and expert handling.

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Banking Support

Singapore Personal Bank Account Support

2–3 weeks

from $899.00

Company Formation

Singapore Pte Ltd

1-2 days

from $2,990.00

Solution Bundles

Set Up in Singapore

Incorporate in Singapore the right way: a Pte Ltd with the mandatory resident director and company s…

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Nomadic Go+ membership

Recurring membership plans covering ongoing visa management and company compliance obligations in Singapore.

Nomadic Go+: Singapore

All-in-one company membership for your Singapore Pte Ltd: formation included, business mailbox, mont…

from SGD 699.00/mo

Government and authority fees are separate from our service fee. Nomadic Go does not guarantee approval and does not provide tax advice.

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