Free Resource · Updated 2026

Starting a company in Singapore
without the runaround

I put this together after burning a week trying to figure out incorporation, banking, and cards on my own. Nobody made it easy. So I did it myself — for the next person.

Jump to the guide → My story

I spent a week on things that should've taken a day

When I decided to start my first company, I thought the first hurdle would be running the business. I was wrong! It was figuring out who to use for incorporation, which bank would actually open an account for me, and what on earth a "corporate card" even was.

Every firm I googled had a nice website and promises. Every blog post was written by the firms themselves. Even the "comparison sites" were paid rankings. I was going in circles.

So I started keeping notes. I compared every firm I could find. I added up the hidden costs, real reviews, and came up with my own rankings. I did the same for banks and cards. And now I'm sharing it here, transparent, for free, because this is the kind of thing someone should've given me from the start.

No referral links. No sponsored content. Just what I found.

— @averagebusinessowner on TikTok · Follow for apps and stuff I've used and made for my business

No guide existed — had to build one from scratch

There was no single place that listed all the firms, compared their prices, and gave you an honest view. Every resource I found was either written by the firms themselves or clearly outdated. I spent weeks just compiling information that should've taken an afternoon.

Pricing was deliberately vague

Half the firms don't publish their prices. You have to send an email, wait a day, get on a call, and then find out the price is nowhere near what the website hinted at. That's time you don't have when you're trying to start a business.

The smaller firms were nearly impossible to find

Google pushes the big names with the biggest ad spend. But some of the best boutique firms — the ones with the highest real ratings — barely show up on the first few pages. You had to actually dig to find them, and most people just don't.

Everything I wished I had from day one

45 incorporation firms, 20 banking options, 19 corporate cards — all filtered and ranked so you can find what fits your situation.

These are the 6 steps to incorporate a Pte Ltd in Singapore. I've added my personal notes to each one — the stuff they don't tell you in the official guides.

Type
All firms Boutique Digital Tech-First Full-Service ⚡ Quick Picks
Best for
Anyone Locals / PRs Foreigners
Local price
Any ≤ S$315 ≤ S$500 ≤ S$700 ≤ S$1k
Foreign price
Any ≤ S$1.5k ≤ S$2.5k ≤ S$3.5k ≤ S$5k
Speed
Any Same day ≤ 3 days ≤ 1 week
Min score
Any 8.0 + 8.5 + 9.0 +
Must have
Nominee director Bank assistance Fully online Immigration / EP

My take: open a traditional bank for credibility (DBS/OCBC/Maybank), then add a fintech account (Airwallex or Wise) for cheaper FX. Don't rely only on a fintech — some clients and vendors will ask for a proper bank account.

Type
All Traditional Digital bank Fintech
Must have
Multi-currency No setup fee No monthly fee No min balance

Most SMEs don't actually need an expensive corporate card. Start with something simple — a card that's free first year and has fee waiver options. Save the premium cards for when you're actually spending enough to justify them.

Segment
All SME Corporate Procurement
Annual fee
Any Free only Under S$200 Under S$400
Network
Any Visa Mastercard Amex Other
Must have
Fee waiver

More of this on TikTok

I post about the real stuff — the fees they don't tell you, the mistakes I made, the apps I made to help and what I'd do differently. Not a finance bro, just an average business owner sharing what he's learnt.

If you found this guide useful, come find me over there.

▶ @averagebusinessowner
Take it with you

Export the guide data

Use this to ask your AI of choice, or keep a copy of the data offline.

📋 Copy for AI

Copies all firms, banks, and card data as clean markdown — paste it into ChatGPT, Claude, Gemini, whatever you use. Then ask it anything.

📊 Download Excel

Downloads a .xlsx file with three sheets — Firms, Banks, and Cards — so you can sort and filter it yourself without needing to come back here.