Singapore
Company Incorporation

Singapore is a top choice for setting up an iGaming business in the Asia-Pacific region, thanks to its strong legal system, attractive tax policies, and access to a growing market of over 650 million consumers.

Registration time
1–3 days
Regulatory Requirements
Simplified
Tax policy
Favorable
Minimum capital
Not required
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Advantages of Registering a Company in Singaporewith MGL

Commitment to Privacy and Security

In the iGaming industry, safeguarding sensitive information is critical. MGL prioritises your confidentiality, employing advanced security protocols to protect your business plans and financial details. This secure foundation supports your access to global financial services without compromise.

Legal and Administrative Expertise

MGL simplifies the incorporation process by providing tailored legal support. From preparing documents to handling administrative tasks, you’ll have a single point of contact to guide you every step of the way.

Attractive Tax Benefits

Singapore’s tax system is designed to support businesses with global ambitions. MGL ensures your company is structured to take full advantage of Singapore’s tax benefits while remaining compliant with local laws. This gives your business a competitive edge through access to favourable fiscal policies.

Global Financial Connectivity

As a global financial hub, Singapore offers unparalleled access to international banking and financial services. MGL helps you establish essential banking relationships to support your business’s international operations, ensuring you’re well-positioned in the global market.

How we work

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Step 1. Initial Consultation

We start with a consultation to understand your business needs, license category you plan to obtain, and objectives.
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Step 2. Document Preparation

Step 2. Document PreparationWe support you in gathering and preparing all necessary documents for your future company. You need to provide only your personal identification and supporting documents.
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Step 3. Get Your Registered Company

We submit the documents to the registration office and follow the process closely.

Steps to Incorporation in Singapore

Incorporating an iGaming business in Singapore involves a structured process designed to meet all regulatory requirements efficiently. By understanding the steps involved, you can avoid unnecessary delays and ensure a smooth setup.

Step 1: Preparation and Submission of Documents

The journey begins with thorough preparation. MGL uses its regulatory expertise to ensure all documents meet Singapore's legal standards for iGaming businesses.

You’ll need to provide key documents, including valid passports for directors and shareholders, proof of residential addresses (dated within the last three months), and a comprehensive business plan outlining your iGaming operations. Australian clients should also ensure compliance with both Australian and Singaporean regulations.

A critical part of this step is reserving your company name. Singapore's Accounting and Corporate Regulatory Authority (ACRA) requires names to be unique and follow specific guidelines. MGL handles the name reservation process, often securing approval within 24 to 48 hours.

Another essential task is drafting your company's constitution and memorandum of association. These documents outline the scope of your business, share structure, and operational framework. For iGaming companies, it’s vital to ensure the constitution covers all planned gaming activities while allowing flexibility for future growth.

Certain documents may also require authentication or notarisation, especially for foreign directors. MGL oversees this process to ensure everything aligns with Singapore’s legal requirements before submission to ACRA. Once submitted, the focus shifts to compliance checks.

Step 2: Compliance and Due Diligence

After submitting your documentation, the compliance phase begins. ACRA conducts due diligence to verify that directors and shareholders meet the required standards.

This stage includes anti-money laundering (AML) and know-your-customer (KYC) checks, which are particularly stringent for iGaming businesses. Regulators will scrutinise the source of funds and the legitimacy of the business model. MGL helps prepare detailed compliance documentation to address these concerns effectively.

Another requirement is the appointment of a company secretary within six months of incorporation. This role is crucial under Singapore law, as the secretary is responsible for maintaining statutory records and ensuring ongoing compliance.

During this phase, MGL also begins preparing for banking compliance. Singaporean banks have rigorous standards, especially for iGaming businesses. MGL creates customised banking packages to address regulatory concerns and facilitates the account opening process once incorporation is completed. With compliance checks cleared, the process moves to the final approval stage.

Step 3: Final Approval and Company Activation

Once ACRA approves your application - usually within one to two business days - MGL completes the registration process and begins setting up banking and operational systems. ACRA issues your company's registration certificate and business profile, which serve as official proof of incorporation and are essential for various business activities.

The next steps include finalising your company seal, bank accounts, and accounting systems. MGL ensures these are completed promptly so your business can start operations without delay. For iGaming companies, this stage often includes preparing for gaming licence applications, which require an active Singapore company to proceed.

Post-incorporation compliance becomes an ongoing responsibility. This includes maintaining statutory registers, filing annual returns, and meeting tax obligations. MGL provides continued support to help Australian clients navigate Singapore’s regulatory requirements while staying compliant with Australian laws.

The final activation also involves setting up operational infrastructure, such as multi-currency banking facilities and payment processing systems. These are critical for iGaming businesses with international operations. MGL's network of partners ensures you have access to tailored banking solutions designed to meet the unique needs of your business.

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Types of Entity
in Singapore

Once you've streamlined your incorporation process, the next step is to decide on the best business structure for your iGaming venture. The type of entity you choose can significantly impact your operations and long-term plans. This decision isn't just administrative - it lays the groundwork for your future success in Singapore's highly competitive market.

Private Limited Company (Pte Ltd)

A Private Limited Company, or Pte Ltd, is a popular choice for iGaming businesses in Singapore. It offers limited liability, meaning your personal assets are protected from business debts. Setting one up requires just S$1 in capital and at least one local director, which can be arranged through MGL. With a maximum of 50 shareholders allowed, this structure also comes with tax advantages like a 17% corporate tax rate and startup tax exemptions. Additionally, it provides smooth access to banking services and regulatory approvals, making it a practical option for many.

Subsidiary Company

A subsidiary company operates as an independent legal entity, even if it’s wholly or partially owned by a foreign parent company. This setup allows the parent company to maintain control while benefiting from Singapore's legal and tax systems. A subsidiary can sign contracts, own property, and maintain separate financial records, which is useful for tax planning. It also benefits from Singapore’s extensive network of double taxation agreements, making it a smart choice for companies looking to optimise their tax position.

Branch Office

A branch office serves as an extension of a foreign parent company, rather than a separate legal entity. This option works well for businesses looking to handle specific tasks like marketing or customer support while keeping setup costs low. However, it’s important to note that the parent company is fully liable for the branch office's activities. This structure is often chosen by businesses testing the market before committing to full incorporation in Singapore.

Other Registration Offers

Hong Kong

Hong Kong is a top choice for iGaming businesses looking to expand into Asia and beyond. With its transparent legal framework, efficient banking services, and favourable tax system, it offers significant advantages for entrepreneurs. Setting up a company is straightforward, and the region supports international operations with ease.

Saint Lucia

Saint Lucia offers an appealing option for iGaming entrepreneurs looking for a jurisdiction that prioritises reliability and business-friendly practices. With its favourable tax policies, efficient regulatory processes, and solid legal frameworks, it stands out as a top destination for establishing a foothold in the global iGaming market.

Nevis

Nevis is a standout destination for setting up iGaming businesses, offering a streamlined incorporation process, strong privacy protections, and tax advantages. With the help of MGL, you can establish a Nevis-based company in just 1–3 days, while they handle all the paperwork, compliance, and licensing requirements.

Belize

Belize is a top spot for iGaming because it’s fast, private, and tax-friendly. Setup takes as little as 1–3 days, and there are no restrictions on foreign ownership. With strong privacy and minimal compliance requirements, Belize lets you skip the red tape and focus on growth.

Costa Rica

Costa Rica is an ideal destination for iGaming businesses seeking a clear path to market. With its low-tax policies and business-friendly legal framework, MGL can handle the entire setup as fast as 1-3 days, so you can focus on your business goals.

Vanuatu

Some summary example

Singapore

Singapore is a top choice for setting up an iGaming business in the Asia-Pacific region, thanks to its strong legal system, attractive tax policies, and access to a growing market of over 650 million consumers.

Cyprus

Looking to expand your iGaming business in Europe? Cyprus offers EU membership benefits and a streamlined incorporation process that can be completed in as little as two weeks. This makes it a top choice for entrepreneurs aiming to access European markets efficiently. With MGL, the process is simplified through tailored strategies, legal and administrative support, and ongoing compliance services.

FAQ

FAQ about SingaporeCompany Incorporation

Everything you need to know about Our company. Can’t find the answer you’re looking for? Please chat to our team.

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How much does it cost to incorporate a company in Singapore?

The total cost to incorporate a company in Singapore typically starts from USD 2,500, depending on the structure and services required. This includes ACRA registration fees, nominee director arrangements (if needed), and legal documentation.With MGL, clients receive a transparent, all-inclusive quote covering incorporation, compliance setup, and post-registration support — ensuring no hidden costs.

Can a foreigner incorporate a company in Singapore?

Yes. Foreign individuals and companies can fully incorporate a business in Singapore.To comply with local regulations, at least one local director must be appointed — which MGL can provide through its nominee director service. MGL also assists in securing a registered local office, ensuring your company meets all ACRA requirements while retaining full control.

What is company incorporation in Singapore?

Company incorporation in Singapore is the process of registering a legal business entity with the Accounting and Corporate Regulatory Authority (ACRA).For iGaming and tech ventures, incorporation typically means setting up a Private Limited Company (Pte Ltd) — the most flexible and tax-efficient option. MGL manages the entire process, including document preparation, compliance checks, and ACRA filings, allowing you to launch operations in as little as 1–3 days.

Can a foreigner own 100% of a Singapore company?

Yes, foreigners can own 100% of the shares in a Singapore-registered company.Singapore allows full foreign ownership across most industries, including iGaming, provided the company complies with local governance and licensing standards. MGL ensures your ownership structure is properly documented and optimised for regulatory approval.

Why do companies incorporate in Singapore?

Singapore is a leading business hub in Asia for several key reasons:

  • Political stability and strong legal framework
  • Attractive tax regime (17% corporate tax rate)
  • Access to over 650 million consumers in the Asia-Pacific region
  • Advanced digital and financial infrastructure
    For iGaming companies, Singapore offers a secure and reputable jurisdiction, strong banking connections, and favourable tax policies — all of which MGL helps clients leverage effectively.

How much capital is required to start a company in Singapore?

The minimum paid-up capital to start a company in Singapore is only $1 (around USD 0.70).However, in practice, MGL recommends setting a higher amount (typically S$1,000–S$10,000) to demonstrate credibility when opening bank accounts and applying for business licences. For regulated sectors like iGaming, additional capital may be required based on operational scale and risk profile.

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