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How Japanese Entrepreneurs Can Set Up a Company and Work in Singapore (Complete 2026 Guide)

How Japanese Entrepreneurs Can Set Up a Company and Work in Singapore (Complete 2026 Guide)

Singapore has become one of the most attractive destinations for Japanese entrepreneurs looking to expand internationally. With its business-friendly regulations, low tax rates, and strategic location, it offers a smooth pathway to establish and grow a company.

In this guide, we’ll walk you through the full process—plus how WLP can support your business journey from start to finish.

Why Japanese Business Owners Choose Singapore

Singapore consistently ranks as a top global business hub for several reasons:

  • Stable economy and governance – Strong legal system and transparent policies
  • Fast incorporation process – Companies can be set up within 1–2 days 
  • Attractive tax system – Corporate tax capped at 17% with various exemptions 
  • Strategic ASEAN location – Ideal gateway to Southeast Asia markets
  • English-speaking environment – Simplifies legal and business communication
  • Strong Japanese community – Over 40,000 Japanese residents in Singapore 

Step 1: Company Registration in Singapore

Japanese individuals or companies can fully own 100% shares in a Singapore company.

Key Requirements

To register a Private Limited Company (Pte Ltd), you’ll need:

  • At least 1 shareholder (can be foreign)
  • At least 1 local resident director
  • A registered Singapore address
  • Minimum paid-up capital of SGD 1 
  • A company secretary within 6 months

Since foreigners cannot initially act as local directors, many Japanese founders appoint a nominee director temporarily until they obtain a work pass.

Documents Required

  • Passport copy
  • Proof of residential address
  • Business activity details
  • Shareholding structure

Most of the process can be completed online without being physically in Singapore 

Step 2: Open a Corporate Bank Account

After incorporation, you’ll need a business bank account.

Typical requirements include:

  • Company registration documents
  • Identification of directors and shareholders
  • Business plan or activity overview

Some banks may require in-person verification, while fintech solutions offer remote options.

Step 3: Work Visa Options for Japanese Entrepreneurs

To legally live and operate your business in Singapore, you’ll need a valid work pass.

  1. Employment Pass (EP)

Best for company directors or professionals.

Requirements include:

  • Minimum salary (varies by profile)
  • Relevant qualifications or experience
  • Active business operations

Once approved, you can act as the company’s local director.

  1. EntrePass

Ideal for startup founders and innovators.

Suitable if your business:

  • Focuses on technology or innovation
  • Has strong growth potential
  • Is backed by funding or intellectual property
  1. Dependant Pass (Optional)

Family members can relocate and may apply for work authorization later.

Typical Setup Process

Most Japanese entrepreneurs follow this structure:

  1. Register company
  2. Appoint nominee director
  3. Open bank account
  4. Apply for Employment Pass
  5. Replace nominee director after approval
  6. Relocate and run operations

This ensures compliance while allowing business continuity.

Step 4: Ongoing Compliance Requirements

Running a Singapore company involves several obligations:

Annual Filings

  • Annual return submission
  • Corporate tax filing

Accounting & Bookkeeping

Accurate financial records must be maintained.

GST Registration

Required if revenue exceeds SGD 1 million.

Tax Benefits for Japanese Business Owners

Singapore offers a highly attractive tax system:

  • Corporate tax capped at 17%
  • No capital gains tax
  • No tax on dividends
  • Startup tax exemptions available 

Additionally, the Singapore–Japan tax treaty helps reduce double taxation.

Estimated Costs

Typical setup and maintenance costs include:

  • Company incorporation: from SGD 1,000 
  • Nominee director: from SGD 3,000/year 
  • Company secretary: from SGD 600/year 
  • Accounting & tax: from SGD 1,000/year

Popular Industries for Japanese Entrepreneurs

Many Japanese businesses thrive in:

  • Food & beverage (restaurants, imports)
  • Technology and SaaS
  • Import/export trading
  • Engineering and manufacturing
  • Consulting and professional services

Living in Singapore as a Japanese Entrepreneur

Singapore offers a high quality of life:

  • Safe and clean environment
  • Excellent public transport
  • Strong healthcare system
  • Japanese schools and cultural communities

How WLP Can Help

Setting up a company in Singapore involves multiple legal, tax, and compliance steps. That’s where WLP comes in.

Our Services Include:

  • Company incorporation for foreign entrepreneurs
  • Nominee director services
  • Corporate secretary support
  • Accounting and tax compliance
  • Employment Pass application assistance

With local expertise and experience supporting international clients, WLP ensures your setup is smooth, compliant, and hassle-free.

Final Thoughts

For Japanese entrepreneurs, Singapore provides a clear and efficient pathway to start and grow a business. With full foreign ownership allowed, low taxes, and strong infrastructure, it remains one of the best expansion destinations in Asia.

Partnering with a trusted firm like WLP can make the entire process faster, safer, and more strategic – so you can focus on growing your business.