Question 1

Is a locally resident director mandatory?

Accepted Answer

Yes. Singapore law requires at least one ordinarily resident director. SetupCross provides a qualified Local Director as part of the service.

Question 2

What is a Local Director?

Accepted Answer

A Local Director is a Singapore-resident individual required by law to be appointed to your company. This is included in the SetupCross service at no extra charge.

Question 3

Why is Singapore preferred for VC fundraising?

Accepted Answer

Singapore is the most preferred HQ for Southeast Asian and Indian VCs. Its ESOP structure is reliable and investment contracts are well-standardised.

Question 4

What is the corporate tax rate?

Accepted Answer

The standard rate is 17%, but the effective rate is approximately 8.5% on the first SGD 200K of income after partial tax exemption. The Startup Tax Exemption provides additional relief for the first three years.

Question 5

How does AI Bookkeeping work?

Accepted Answer

Upload receipts via Telegram and the AI automatically categorises and records them. Monthly financial reports are generated automatically.

Question 6

What does Year 2 cost?

Accepted Answer

The annual renewal fee for a Singapore company is SGD 2,980 / year. This includes Local Director, Company Secretary, Registered Address renewal, ECI filing, corporate tax filing support, and AI bookkeeping.

Singapore company,
your gateway to Southeast Asia and global investment

Why choose Singapore

VC funding friendly

Startup Tax Exemption

Southeast Asia gateway

7-day setup process

Application + Local Director matching

ACRA filing

Company number issued

Fintech business account application

Frequently asked questions

Singapore company — ready to go global

Singapore company,your gateway to Southeast Asia and global investment