The process to incorporate a company in Singapore is governed by the Singapore Companies Act 1963. Applications to incorporate a company in Singapore are lodged with the Accounting and Corporate Regulatory Authority of Singapore (ACRA). A Singapore company requires a minimum of one shareholder. Both individual and corporate shareholders are permitted, though a private limited company must not have more than 50 shareholders. Furthermore, every Singapore company must have a local resident director.

Investors who incorporate a company in Singapore benefit from Singapore's low corporate tax rate. Corporate tax is charged at a flat rate of 20%. Furthermore, international profits that are not remitted into Singapore are tax free and the first S$200,000 of chargeable income is tax-free for the first three years after incorporation.

Entrepreneurs who have chosen to incorporate a company in Singapore open corporate bank accounts around the world. In addition, many of the world's major global banks have branches in Singapore, including HSBC, Standard Chartered and Citibank. Singapore is regarded as the fourth largest banking centre after London, New York and Hong Kong.

Following incorporation, company details, including shareholder and director information, are available for public viewing on BizFile, the ACRA online public register.

Foreign investors who incorporate a company in Singapore can apply for regional headquarters status in Singapore, in addition to a range of other tax breaks. More than 7,000 multinational companies have set up regional or global headquarters in Singapore to date, according to the Singapore Economic Development Board (EDB).

Entrepreneurs prefer to use the Singapore limited liability company (LLC) for international business. In 2006, 18,500 entrepreneurs chose to incorporate a company in Singapore through an LLC.

The process to incorporate a company in Singapore is quick and simple. According to the World Bank's Doing Business 2010 Survey, Singapore is the world's easiest place to do business across a range of factors including company start up procedures, time, cost and minimum capital required.

Singapore is internationally respected as having a strong, stable legal, economic and social infrastructure which is attractive to business people who incorporate a company in Singapore.