For foreign entrepreneurs: set up a company in Singapore
We've helped over 30,000 businesses worldwide with hassle-free incorporation. Get a registered company as a foreigner and a team of local experts to set you up 100% online, no need for you to go anywhere.
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Why osome
Why choose Osome for your company incorporation?
Local experts on your side
Work closely with experts on-the-ground in Singapore. Get support via live chat, email or phone as well as easy access to advice and in-person consultations.
Register online from anywhere
No need to travel; we handle everything remotely and online. We collect documents, fill in forms and help you comply with local requirements.
Tax right from day one
Our local experts in Singapore will advise on business structure, accounting, set-up, and tax reliefs available to your business.
Long-term visa support
We help you get an Employment Pass — a long-term visa to stay and work in Singapore, and Dependant's Passes for your family.
Who we help
For founders starting or scaling their business
Incorporation for locals
We help consultants, trading experts, IT specialists and other professionals flying solo. Set up your businesses hassle-free and find local tax benefits.
Incorporation for locals
Scaling your business to new markets? We help you navigate local compliance and set up accounting and financial reporting.
Incorporation for foreigners
We help you get the right visa for starting your foreign business in Singapore, whether you're already here on an Employment or Dependant's Pass or relocating from abroad.
Got questions? Chat with our local experts
Choose a convenient time to chat with our accounting experts and get the answers you need to take the next step.
Got questions? Chat with our local experts
Choose a convenient time to chat with our accounting experts and get the answers you need to take the next step.
Company Incorporation
Choose the type of company you want to incorporate
You can create an e-invoice for your business transactions in Singapore. Currently, Singapore is moving away from paper invoices as the government encourages private organisations to use e-invoices rather than manual invoicing.
The government of Singapore implemented a nationwide e-invoicing network in 2019 to help businesses improve efficiency, lower costs, receive payments faster and go green at the same time.
The authorities have made it easier for companies to adopt online invoicing by using e-invoicing solutions on their website.
To send invoices there are various options available, starting from hiring services to using a software application.
Alternatively, you can use popular tools like Microsoft Word, Excel, or Google Docs for creating simple invoices. With the availability of various business invoicing templates available, you do not have to create one from scratch.
Be sure to include the following information to create your invoices:
- Company name
- Contact information (phone, email, or fax)
- Date of invoice
- Invoice number
- Product/Service description
You can also automate your invoicing process, and streamline your financial data by hiring a service provider like Osome to take care of this for you. This way, you can better use your time by focusing on your core business areas.
Some of the most popular payment methods your customers can use are below:
- PayPal. PayPal is one of the most accessible and secure payment gateways in the world. The platform has around 400 million active users globally and accepts various debit/credit cards. Customers also receive seller protection, two-factor authentication, and 24/7 fraud monitoring. Additionally, PayPal supports 25 currencies and is used in over 200 countries. However, PayPal charges relatively high transaction fees of 3.99 percent, along with a $0.50 fixed fee.
- eNETS. eNETS is one of the most reliable payment methods in Singapore. It has relatively competitive transaction fees compared to other service providers. eNETS is a good option for pairing a payment gateway with merchant accounts. This payment gateway will require a bank account in your business’s name. In addition, you need to create a merchant account where your customers’ payments will be deposited.
- Stripe. Stripe is a relatively new payment method in Singapore. However, it is already well-known for its reliability and flexibility. Stripe is also ideal for small businesses and startups, which charges a transaction fee of 3.4 per cent on the total selling amount, plus a $0.50 fixed fee.
- Hoolah. Hoolah has made the concept of buy now pay later popular in Singapore. Hoolah allows customers to pay one-third of the total cost upfront and the remaining amount through interest-free instalment plans. Merchants receive the full transaction amount within four days, making this payment method ideal for eCommerce businesses. Customers can pay via debit or credit card.
- eWay. eWay is an easy payment gateway that enables easy site integration and accepts various debit and credit cards at a transaction fee of 3.4 per cent on the total sales, along with a $0.40 fixed fee. On top of it, eWay provides 24/7 customer support, which particularly helps new businesses.
The following industries require e-invoices to streamline their business invoicing process in Singapore:
- Retail. Small and medium-sized retail businesses can streamline their invoicing system by integrating e-invoicing. It reduces the turnaround time for retail businesses and generates a consistent cash flow.
- Manufacturing. E-invoicing can help manufacturing companies in Singapore automate invoicing to lower costs, minimise errors and adhere to regulations. By digitising manual processes, e-invoices help to simplify your financial reporting, for taxes, auditing, and data validation. Using online invoicing, manufacturing companies can also reduce the rate of invoice rejections and accelerate cash flow.
The following industries require e-invoices to streamline their business invoicing process in Singapore:
- Retail. Small and medium-sized retail businesses can streamline their invoicing system by integrating e-invoicing. It reduces the turnaround time for retail businesses and generates a consistent cash flow.
- Manufacturing. E-invoicing can help manufacturing companies in Singapore automate invoicing to lower costs, minimise errors and adhere to regulations. By digitising manual processes, e-invoices help to simplify your financial reporting, for taxes, auditing, and data validation. Using online invoicing, manufacturing companies can also reduce the rate of invoice rejections and accelerate cash flow.
- Construction. In the construction industry working with contractors and sub-contractors can often result in payment delays. E-invoicing will help to speed up cash flow and improve the organisation’s ability to begin its next project on time.
- High Accuracy. The implementation of e-invoicing reduces the risks of duplication and manual error, whilst ensuring high accuracy because of automated tracking. It is easier to validate invoices, provide approvals, and receive payment in real-time.
- Better Visibility. E-invoicing improves the visibility of your invoices, supporting documents, purchase orders, and contracts. All invoicing components including tracking and auditing are available in an e-invoicing application.
- Higher Compliance. E-Invoicing enables higher regulatory compliance for businesses, which is mandatory in a country like Singapore.
- Reduces Carbon Footprints. By transitioning to e-Invoicing, businesses can eliminate the use of paper-based invoices. Using this environmentally friendly method, companies can increase energy efficiency and reduce their carbon footprint on the environment.
Incorporation Process
How Osome helps incorporate a company in Singapore in easy steps
Incorporation service
Helping clients decide the most suitable business structure based on liability, taxation, operational needs and ensures the desired business name is unique and complies with state rules.
Tax Preparation & Filing
Avoid the hassle of tax season with our comprehensive tax services. From accurate preparation to timely filing, we ensure compliance and help you maximize your deductions.
Payroll Management
Simplify payroll with our end-to-end solutions. We ensure your employees are paid accurately and on time, while taking care of tax withholdings and compliance requirements.
Financial Reporting & Analysis
Gain insights into your business performance with our detailed financial reports. Make informed decisions with the help of our clear, actionable data.