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Singapore vs United States

Government filing starts at SGD 15 (acra name application) in Singapore versus $102 (formation (wyoming)) in United States. The first formation step typically takes Step 1 in Singapore and Day 1 in United States. Figures below come from the same primary-source data as XBandGlobal's individual Singapore and United States formation guides.

Key advantages

Singapore

  • Incorporate in 1–3 business days via BizFile+ — same-day approval for straightforward applications. Government fees total just S$315 (name reservation + registration).
  • 100% foreign ownership permitted for private limited companies. No local partner or equity sponsor required — only a locally resident director is needed.
  • Headline corporate tax rate of 17%, but new startups pay as little as 4.3% effective on the first S$100,000 under the startup tax exemption scheme for the first three years.
  • Zero capital gains tax and zero dividend tax under Singapore's one-tier system. Profits are taxed once at the corporate level and flow to shareholders tax-free.
  • Over 100 double taxation agreements reduce withholding taxes and prevent double taxation for businesses with cross-border operations.

United States

  • The US is the world's largest economy at ~$29.7 trillion GDP (2024 nominal). You're incorporating into a market that accounts for roughly a quarter of global economic output.
  • Zero minimum capital required. Every entity type — C-Corp, LLC, LLP — can be formed with $0 in paid-up capital. No federal or state minimum exists.
  • ~5.64 million new business applications were filed in 2025, up from ~5.25 million in 2024. State filing portals, IRS processes, and registered agent networks all handle this volume routinely.
  • Delaware offers 24-hour expedited formation. Most states process filings in 1–5 business days. You can have a legal US entity within a week without visiting the country.
  • Foreign nationals face no ownership restrictions on C-Corps or LLCs. No US citizenship, residency, or visa is required to be a shareholder, member, or director.

Cost to incorporate

Government fees

  • ACRA Name ApplicationSGD 15
  • ACRA RegistrationSGD 315
  • Company Secretary (mandatory)SGD 300–800/yr

Government fees

  • Formation (Wyoming)$102
  • Formation (Delaware)$90
  • EIN (IRS)$0

Formation timeline

  1. Reserve name and prepare constitution

    Step 1

  2. Appoint resident director and secretary

    Step 2

  3. Incorporate with ACRA

    Step 3

  4. Open bank account and complete tax setup

    Step 4

  1. Choose entity type and state

    Day 1

  2. Reserve business name

    Day 1–2

  3. Appoint registered agent

    Day 1–2

  4. File formation documents

    Day 2–5

  5. Obtain EIN from IRS

    Day 3–10

  6. Draft operating agreement / bylaws

    Day 3–7

  7. Register for state taxes

    Day 5–15

  8. Open US business bank account

    Day 5–30+

  9. Obtain business licenses

    Day 10–30

  10. Full setup complete

    3–8 weeks total

Not sure which fits your business?

Talk to a verified incorporation specialist in either jurisdiction.