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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
Reserve name and prepare constitution
Step 1
Appoint resident director and secretary
Step 2
Incorporate with ACRA
Step 3
Open bank account and complete tax setup
Step 4
Choose entity type and state
Day 1
Reserve business name
Day 1–2
Appoint registered agent
Day 1–2
File formation documents
Day 2–5
Obtain EIN from IRS
Day 3–10
Draft operating agreement / bylaws
Day 3–7
Register for state taxes
Day 5–15
Open US business bank account
Day 5–30+
Obtain business licenses
Day 10–30
Full setup complete
3–8 weeks total
Not sure which fits your business?
Talk to a verified incorporation specialist in either jurisdiction.
