{"id":965,"date":"2023-04-13T09:06:33","date_gmt":"2023-04-13T09:06:33","guid":{"rendered":"https:\/\/opencompanysingapore.com\/guide-on-opening-a-tech-company-singapore\/"},"modified":"2023-07-12T10:44:58","modified_gmt":"2023-07-12T10:44:58","slug":"guide-on-opening-a-tech-company-singapore","status":"publish","type":"post","link":"https:\/\/opencompanysingapore.com\/guide-on-opening-a-tech-company-singapore\/","title":{"rendered":"Guide on Opening a Tech Company Singapore"},"content":{"rendered":"\n<p>The new century is the&nbsp;<strong>high-tech century<\/strong>&nbsp;as&nbsp;<strong>technology<\/strong>&nbsp;is now used in every aspect of people\u2019s daily lives.&nbsp;<strong>Asia<\/strong>&nbsp;is known as the \u201cparent\u201d of the&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/most-attractive-investment-industries-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">high-tech industry<\/a><\/strong>&nbsp;and one of the countries contributing to its development at such a fast pace is&nbsp;<strong>Singapore<\/strong>. The Republic gathers thousands of professionals \u2013 engineers, venture capitalists, magnates of the&nbsp;<strong>technology sector<\/strong>&#8211; who together have transformed&nbsp;<strong>Singapore into one of the most futuristic countries<\/strong>&nbsp;and cities of the world. This is why&nbsp;<strong>opening a tech company in Singapore<\/strong>&nbsp;is one of the best business ventures in 2016.<\/p>\n\n\n\n<p>Our&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\">Singapore company formation agents<\/a><\/strong>&nbsp;can offer more information on the&nbsp;<strong>tech industry in the city-state<\/strong>.<\/p>\n\n\n\n<p>You can also watch the video below for details on how to&nbsp;<strong>open a tech company in Singapore:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Guide on Opening a Tech Company in Singapore\" width=\"840\" height=\"630\" src=\"https:\/\/www.youtube.com\/embed\/gB8eyCAyN4Q?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/opencompanysingapore.com\/guide-on-opening-a-tech-company-singapore\/#the-singapore-tech-industry-is-present-everywhere\" title=\"The Singapore tech industry is present everywhere\">The Singapore tech industry is present everywhere<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/opencompanysingapore.com\/guide-on-opening-a-tech-company-singapore\/#registering-a-tech-company-in-singapore\" title=\"Registering a tech company in Singapore\">Registering a tech company in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/opencompanysingapore.com\/guide-on-opening-a-tech-company-singapore\/#assistance-for-tech-companies-in-singapore\" title=\"Assistance for tech companies in Singapore\">Assistance for tech companies in Singapore<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-singapore-tech-industry-is-present-everywhere\"><\/span><strong>The Singapore tech industry is present everywhere<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The number of&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/imports-and-exports-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">exports of high-tech products<\/a>&nbsp;have been growing in Singapore<\/strong>,&nbsp;<strong>tech companies<\/strong>&nbsp;becoming some of the largest contributors to the economy for the past 5 years. This is the result of&nbsp;<strong>technology<\/strong>&nbsp;being implemented in industries like:<\/p>\n\n\n\n<ul>\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; engineering;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; aerospace;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; telecommunications;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; infrastructure;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; electronics;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; energy, with one of the newest branches: renewable energy;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; healthcare;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; environment;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; logistics.<\/li>\n<\/ul>\n\n\n\n<p>On a closer look,&nbsp;<strong>technology<\/strong>&nbsp;is present in every&nbsp;<strong>business running in Singapore<\/strong>. A special focus must be placed in the&nbsp;<strong>engineering industry<\/strong>&nbsp;where&nbsp;<strong>technology<\/strong>&nbsp;is employed in the marine, the precision,&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/why-invest-in-the-biotechnology-sector-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">biotechnology<\/a><\/strong>&nbsp;and even real estate sectors of the economy. &nbsp;In numbers, the&nbsp;<strong>Singapore tech industry<\/strong>&nbsp;represents 20 to 25% of the country\u2019s Gross Domestic Product.<\/p>\n\n\n\n<p>If you want to&nbsp;<strong>open a company in Singapore in the high-tech sector<\/strong>, you can rely on our local agents.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"registering-a-tech-company-in-singapore\"><\/span><strong>Registering a tech company in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/company-registration-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">company registration process<\/a><\/strong>&nbsp;<strong>of a tech company in Singapore<\/strong>&nbsp;consists in preparing the business\u2019 articles of association in which the activities must be clearly mentioned. The best thing about&nbsp;<strong>opening a tech company in Singapore<\/strong>&nbsp;is the fact that it can undertake various activities, therefore their growth potential is unlimited.<\/p>\n\n\n\n<p>The documentation together with the details of the shareholders, directors and secretary must be filed with the Accounting and Corporate Regulatory Authority. Foreign companies can also&nbsp;<strong>register tech companies in Singapore free zones<\/strong>&nbsp;with benefits related to the import and export of their products. It must be noted that companies will also need&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/importing-high-tech-products-into-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">special permits for importing high-tech products into Singapore<\/a><\/strong>. It is also recommended to&nbsp;<strong>register any new high-tech product<\/strong>&nbsp;with the Intellectual Property Office in the city-state.<\/p>\n\n\n\n<p>Our&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/why-us\" target=\"_blank\" rel=\"noreferrer noopener\">company formation specialists in Singapore<\/a><\/strong>&nbsp;can guide you through the&nbsp;<strong>registration process of your technology company&nbsp;<\/strong>in the city-state.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"assistance-for-tech-companies-in-singapore\"><\/span><strong>Assistance for tech companies in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A less known fact about the&nbsp;<strong>tech industry in Singapore<\/strong>&nbsp;is that most companies are startups which have known a rapid development within 2 or 3 years. This is because there is a lot of&nbsp;<strong>support for the high-tech industry<\/strong>. From&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/venture-funding-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">venture capital<\/a><\/strong>, angel investors and private equity in the private sector to governmental assistance,&nbsp;<strong>Singapore tech companies<\/strong>&nbsp;thrive.<\/p>\n\n\n\n<p>These are just a few of the government\u2019s schemes created with the purpose of&nbsp;<strong>assisting technology companies in Singapore<\/strong>:<\/p>\n\n\n\n<ul>\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a 40 million fund put aside by the National Research Foundation;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the ACE Start-ups Scheme which offers 50,000 SGD to each enterpriser;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the Technology Enterprise Commercialization Scheme which offers 100% coverage of the costs incurred by projects of maximum 250,000 SGD;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the iStart ACE Scheme which offers 50% grants for the salaries of professionals hired by startups;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the Incubator Development Program which offers grants to business incubators developed with the purpose of assisting high-tech startups;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; tax exemptions for technology startups;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a development and expansion incentive;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a micro-loan scheme.<\/li>\n<\/ul>\n\n\n\n<p>We would also like to mention the&nbsp;<strong>Productivity and Innovation Credit (PIC) Program<\/strong>&nbsp;which is one of the most successful&nbsp;<strong>assistance schemes dedicated to high-tech companies in Singapore<\/strong>.<\/p>\n\n\n\n<p>If you want to&nbsp;<strong>open a company in Singpore<\/strong>&nbsp;in the high-tech sector&nbsp;and need assistance, please&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">contact our company formation consultants<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new century is the&nbsp;high-tech century&nbsp;as&nbsp;technology&nbsp;is now used in every aspect of people\u2019s daily lives.&nbsp;Asia&nbsp;is known as the \u201cparent\u201d of the&nbsp;high-tech industry&nbsp;and one of the countries contributing to its development at such a fast pace is&nbsp;Singapore. The Republic gathers thousands of professionals \u2013 engineers, venture capitalists, magnates of the&nbsp;technology sector&#8211; who together have transformed&nbsp;Singapore into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[37,784,8,785,786],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Guide on Opening a Tech Company Singapore<\/title>\n<meta name=\"description\" content=\"Find here detailed information on how to set up a Singapore tech company. 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