Business
Starting a business
Foreigners are permitted to start a business in Singapore, provided they meet specific requirements related to work permits and business registration.
Business Registration
Starting a business in Singapore is streamlined due to its business-friendly environment. The process can be completed within a few days if all necessary documents are in order. Unlike other countries, Singapore does not require a specific license for most business types, except for regulated industries such as financial services, healthcare, and food and beverage.
Foreigners can choose from various business structures under Singapore law, including a (a) sole proprietorship (a simple structure where the individual owns and manages the business), (b) partnership (involving two or more individuals or entities working together), or (c) private limited company (the most common and preferred structure due to its separate legal identity, limited liability, and ability to raise capital).
Singapore Lawyers
immigration specialists
We can assist you with establishing your company in Singapore
Start Sole Proprietorship
A simple structure where the individual owns and manages the business
Partnership
Involving two or more individuals or entities working together
Private Limited Company
The most common and preferred structure due to its separate legal identity, limited liability, and ability to raise capital
Work Permits and Employment Passes
Foreign entrepreneurs who wish to work in their own business must apply for an Employment Pass (EP) or a EntrePass, depending on the nature and scale of the business. The EntrePass is specifically designed for foreign entrepreneurs setting up a new or existing business in Singapore. It allows the holder to stay and work in Singapore and is subject to specific eligibility criteria related to the business’s innovative potential and investment amount.
Licensing Requirements
Some businesses require industry-specific licenses or permits. For instance, businesses in the food and beverage sector, financial services, or healthcare must obtain relevant regulatory approvals before commencing operations.
Legal Expat Consultation Desk
We provide tailored advice on business registration, permit applications, and compliance with Singapore’s regulatory framework. We offer consultations at a competitive fee of SGD 500 excl GST. This fee includes a comprehensive review of your situation and a meeting either in person or via Zoom.
Starting a business in Singapore is relatively straightforward, supported by a robust regulatory environment and efficient processing times.
Foreigners can take advantage of Singapore’s strategic location and favourable business climate to establish and grow their enterprises effectively.
For any additional assistance beyond the initial consultation, services are billed at an hourly rate.
Need Court support ?
Our immigration specialists are able to assist you, should you be facing a negative decision from cantonal authorities and wish to appeal it. We also have a network of correspondents who can represent you in Singapore jurisdictions.
Send us an email to arrange a meeting at the law firm.
Corporate, commercial law, data protection regulations and start a business
Book your consultation
Book your legal consultation online with English-speaking lawyers and immigration specialists! We are located within the law firm KGP Legal on the 10 Anson Road #03-27 International Plaza Singapore 079903. Our consultation can be made on Zoom or in our Office for a competitive fee of SGD 500 excl GST.
