Singapore Company Setup: The $5,000 Penalty Nobody Warns You About
Published May 7, 2026 · 0:54 · 54 views
Key takeaways
- Most founders setting up a company in Singapore get hit with a $5,000 penalty [music] within 6 months.
- Singapore law requires at least [music] one director ordinarily resident in Singapore.
- That means a citizen, permanent resident, or entre pass holder.
- If you're fully remote, you must hire a nominee director.
Summary
Singapore company setup requires at least 1 ordinarily resident director (citizen, PR, or EntrePass holder), or you face $5,000 penalties within 6 months if you're non-resident. • Non-residents must hire a nominee director service costing $1,200-$2,400/year • 100% of foreign founders need this, but 60% skip it and face fines • Replacement director scrambles cost $3,000+ in rush fees if caught late → Bastion Formations: https://bastionformations.com #SingaporeCompany #SingaporeCompanySetup #PteLtd #SingaporeBusiness #CompanyFormation
Full transcript
Auto-generated transcript. Watch the video for the full context and visuals.
Most founders setting up a company in Singapore get hit with a $5,000 penalty [music] within 6 months. Here's why. Singapore law requires at least [music] one director ordinarily resident in Singapore. That means a citizen, permanent resident, or entre pass holder.
If you're fully remote, you must hire a nominee director. Skip this step and your application tanks within 6 months. We're Bastian Formations, a company formation agency [music] for Singapore. If you're setting up your PTE LTD remotely, we provide the resident director for you, included in our SGD 850 setup package.
Budget $1,200 [music] to $2,400 per year if you go solo. Don't skip this or you'll scramble later. Like this if it helped. >> [music] >> Subscribe for more and visit Bastian Formations for the full guide.
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