Incorporating in Singapore is governed by the Singapore Companies Act 1963. Regulations include no corporate directors and no more than 50 shareholders for a private limited company. Both individual and corporate shareholders are permitted. The minimum authorised share capital for a Singapore company is S$1.

Having completed incorporating in Singapore, it is required to submit annual financial statements to both ACRA and the Inlands Revenue Authority of Singapore. Every Singapore company (with the exception of a Representative office) must also submit annual tax returns to the Inland Revenue Authority of Singapore.

If incorporating in Singapore, a company is exempt from an annual audit if its annual turnover does not exceed S$5 million or if it was dormant during the financial year. However, a Singapore company must undergo an audit if it has corporate shareholders.

The process for incorporating in Singapore is simple and efficient. The World Bank ranked Singapore as the world's easiest place in which to do business in it's Doing Business 2010 Survey.

When incorporating in Singapore, every company is required to have a registered office in Singapore to which all correspondence is addressed and a resident company secretary.