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Singapore Pte Ltd · via Osome (Singapore)·🇻🇳Founder profile

Incorporating a Singapore Pte Ltd for Vietnamese Freelance Developers

VerifiedJul 2026
EligibilityConditional
Setup timeline14–30days
Year-1 total$1,650

Vietnamese freelance developers can incorporate a Singapore Pte Ltd to access global payment gateways and international markets. This structure requires a local resident director to satisfy ACRA regulations.

Founders must ensure compliance with both Singaporean corporate tax laws and Vietnamese regulations regarding foreign-sourced income and currency conversion.

§ 01Cost of ownership

Model the full outlay, not just the setup fee

Renewal costs sneak up on non-resident founders. Compare year-1 filing against a 3-year total to see the real bill.
Currency · USD (live FX)
2-year cost of ownership
$2,730
≈ $113.75/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupOsome (Singapore) setup
    $1,650
  • AnnualYear 2 renewal
    $1,080
Total$2,730
§ 02Tax residency · Vietnamese Freelance Developers

What the tax authority sees

US federal / local status

Singapore operates a territorial tax system with a 17% flat corporate income tax, where foreign-sourced income is generally exempt from taxation if specific conditions are met.

Home-country rule

Circular 111/2013 on foreign-source income; USD conversion rules

Editorial verdict

Use Osome to automate your ACRA filings and ensure compliance with Singapore's strict local director requirements while managing your Vietnamese tax obligations.

Key compliance risks
  • 01Requirement for a locally resident director in Singapore
  • 02Vietnamese tax reporting under Circular 111/2013 for foreign-sourced income
  • 03Strict anti-money laundering compliance for non-resident bank account opening
§ 03Setup timeline

From filing to funded bank account

Setup timeline
14–30days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d8
d15
d23
d30
01FilingOsome (Singapore) submits formation docs
d0–d11
02Tax ID / EINLocal tax authority registration
d9–d23
03BankingBusiness account approved & funded
d18–d30
§ 04Head-to-head

Singapore Pte Ltd vs UAE Free Zone (MEYDAN)

Full comparison →
Singapore Pte Ltd
Pte Ltd
UAE Free Zone (MEYDAN)
Free Zone LLC
Entity
Pte Ltd
Free Zone LLC
Setup cost
$296.00
$1,306
Annual
$1,628
$1,306
Local director
Required
Remote OK
Physical presence
Remote OK
Remote OK
Tax regime
17% flat CIT; territorial system, foreign-sourced income exempt
9% CT above AED 375k; 0% VAT for out-of-UAE trade
§ 05Questions founders actually ask

FAQ

No, you do not need to reside in Singapore to own a company. However, you are legally required to appoint a local resident director who is a Singapore citizen, permanent resident, or EntrePass holder.
More profiles for Singapore Pte Ltd
Vietnamese Freelance Developers — other jurisdictions
Next step

Start filing with Osome (Singapore)

Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.

Claim on Osome (Singapore)