Starting Your Own Business in Singapore: A Practical Guide for French-Speaking Expats
Singapore is recognized as one of the best places in the world to start a business. With its clear regulatory framework, modern infrastructure, and strategic position in Southeast Asia, the city-state attracts many expat entrepreneurs, including French speakers.
But starting your own business in Singapore requires a good understanding of the local specifics, administrative procedures, and best practices for success.
Here is a guide to support you in your entrepreneurial project in Singapore.
Understanding Singapore’s Legal and Administrative Framework
Choosing the Right Legal Structure
In Singapore, the most common forms are the Private Limited Company (Pte Ltd), sole proprietorship, and partnership. The Private Limited Company is often preferred for its credibility and tax benefits.
The registration procedures
Company registration is done through the Accounting and Corporate Regulatory Authority (ACRA). The process is quick and largely digital, but it’s important to prepare your documents carefully (bylaws, local address, directors).
Local requirements
Singapore requires that at least one director be a local resident (citizen or permanent resident), but solutions exist through local nominee director services.
Adapting to the Singaporean market
Targeted market research
Singapore is a highly competitive international hub. It’s essential to have a strong understanding of local demand, the competition, and the specific expectations of the Asian market.
Adapting your offer
Success often depends on carefully adapting your products or services while leveraging your cultural uniqueness and French-speaking expertise.
Connecting with the right networks
French-speaking communities in Singapore
Join networks such as the French Chamber of Commerce in Singapore (FCCS), French-speaking Meetup groups, and coworking spaces for expatriates.
Local partnerships
Collaborate with Singaporean businesses or other expatriates to expand your visibility and credibility.
Managing your finances and taxes
Opening a business bank account
It’s essential for the clear management of your business.
Understanding Singaporean taxation
Singapore offers a favorable tax regime with an attractive corporate tax rate. Be sure to also look into the double taxation agreements with France.
Complying with your French tax obligations
Depending on your status, you may need to declare your income in France. Don’t hesitate to consult a tax expert.
Our tips for a successful entrepreneurial journey in Singapore
Seek guidance and support
Accountant, lawyer, entrepreneurial coach: surrounding yourself with local experts makes the process much easier.
Be patient and adaptable
The international and multicultural environment requires flexibility and perseverance.
Highlight your French-speaking identity
Your language, culture, and expertise are unique assets worth showcasing.
Restore balance and energy with a French-style wellness retreat.
At Wellness Voyages, we understand that entrepreneurship abroad is a demanding challenge. Our wellness retreats, designed for French-speaking expatriates in Singapore, offer a space for recharging, refocusing, and grounding—so you can move forward with clarity and peace of mind.
Discover our offers and give your entrepreneurial journey in Singapore a fresh boost.