How to Register a Company in Singapore from India

Every year, thousands of Indian entrepreneurs, IT companies, and export-oriented businesses set up operations in Singapore to access Southeast Asian markets, benefit from a flat 17% corporate tax rate, and build international credibility. Singapore ranks among the top 3 easiest countries in the world for starting a business, and the entire incorporation process through ACRA's BizFile+ portal takes just 1 to 3 working days once your documents are ready.

This guide covers the full process of registering a Singapore Private Limited (Pte. Ltd.) company as an Indian resident or Indian business entity. It includes ACRA requirements, nominee director arrangements, RBI and FEMA compliance for outbound investment, Singapore tax obligations, corporate banking, and annual compliance deadlines. Every step includes specific costs in Singapore Dollars, government form references, and timelines based on actual processing experience.

Why Indian Entrepreneurs Choose Singapore for Company Registration

Singapore consistently ranks as the best country in Asia for doing business, and Indian entrepreneurs have specific advantages when incorporating there. The India-Singapore Comprehensive Economic Cooperation Agreement (CECA) facilitates movement of professionals and investment between the two countries. Here are the primary reasons Indian businesses choose Singapore as their international base.

Tax Advantages and Incentive Programmes

Singapore's headline corporate tax rate is 17%, which is lower than India's 22% to 25% rates. But the real advantage lies in the exemption schemes. New companies qualify for the startup tax exemption for their first three Years of Assessment: 75% exemption on the first S$100,000 and 50% on the next S$100,000 of chargeable income. This brings the effective tax rate to approximately 4.25% on S$200,000 of profit. There is no capital gains tax, no tax on dividends paid to shareholders (whether resident or non-resident), and Singapore has over 90 comprehensive double taxation agreements worldwide.

Strategic Location and Market Access

Singapore sits at the heart of the ASEAN economic bloc, a market of over 680 million consumers with a combined GDP exceeding USD 3.6 trillion. Indian companies use Singapore as a gateway to Indonesia, Malaysia, Vietnam, Thailand, and the Philippines. The city-state's free trade agreements with China, Japan, South Korea, the European Union, and the United States make it a natural hub for global trade. Indian IT service companies, SaaS startups, and trading firms benefit directly from these trade corridors.

India-Singapore DTAA Benefits

The Double Taxation Avoidance Agreement between India and Singapore prevents the same income from being taxed twice. Under the DTAA, withholding tax on dividends is capped at 10% to 15%, interest income at 10% to 15%, and royalties at 10%. Indian investors can claim credit for Singapore taxes paid against their Indian income tax liability. This is particularly valuable for Indian holding companies that route regional operations through a Singapore subsidiary.

Types of Business Structures in Singapore

Before starting the registration process, it is important to understand the five main business structures available in Singapore and which one is the right fit for your goals. Each structure has different implications for liability, taxation, foreign ownership, and operational scope.

Private Limited Company (Pte. Ltd.)

The Pte. Ltd. is the most popular structure for foreign entrepreneurs, including Indian business owners. It is a separate legal entity with limited liability, meaning shareholders are liable only up to the amount of their share capital. A Pte. Ltd. can have between 1 and 50 shareholders, must have at least one local resident director, and can be 100% foreign-owned. It qualifies for the startup tax exemption scheme and can hire foreign employees through Employment Pass sponsorship. This is the recommended structure for Indian entrepreneurs planning to operate, trade, or raise investment through Singapore.

Limited Liability Partnership (LLP)

An LLP combines features of a partnership and a company. Partners enjoy limited liability, and the LLP has a separate legal identity. It requires at least two partners and at least one manager ordinarily resident in Singapore. LLPs are popular among law firms, accounting practices, and consultancy firms. However, LLPs do not qualify for the startup tax exemption and are taxed at each partner's individual tax rate rather than the corporate rate. For most Indian entrepreneurs, a Pte. Ltd. offers better tax efficiency than an LLP.

Sole Proprietorship

A sole proprietorship is the simplest business structure with the lowest setup cost. It does not create a separate legal entity, meaning the owner bears unlimited personal liability for all debts. Registration costs S$115 for one year. Sole proprietorships are best suited for single-person businesses with limited scale and risk. They are not eligible for the corporate tax rate or startup exemptions. Income is taxed at the individual's personal income tax rate of up to 22%. Most Indian entrepreneurs doing serious business avoid this structure due to unlimited liability.

Branch Office

An Indian company can register a Branch Office in Singapore through ACRA. The branch is an extension of the parent company, not a separate legal entity. The Indian parent company bears full liability for the branch's operations and debts. Branch offices can conduct the same business as the parent and can generate revenue. However, they do not qualify for the startup tax exemption, and profits are taxed at the flat 17% rate. Branch offices are suitable for established Indian companies that want to extend existing operations to Singapore without creating a new entity.

Representative Office

A Representative Office is a temporary arrangement for foreign companies wanting to explore the Singapore market. It is registered with Enterprise Singapore (not ACRA) and is valid for 1 year, renewable up to 3 years. An RO cannot conduct any revenue-generating activities, sign contracts, or open letters of credit. It is limited to market research, feasibility studies, and liaison work. To set up an RO, the parent company must have annual turnover exceeding USD 250,000 and at least 3 years of establishment. Most Indian companies use an RO as a stepping stone before incorporating a Pte. Ltd.

Step-by-Step Process to Register a Singapore Pte. Ltd. from India

The incorporation process involves steps on both the Singapore side (ACRA registration) and the Indian side (RBI/FEMA compliance). Here is the complete process broken down into actionable steps with specific costs, timelines, and document requirements.

Step 1: Engage an ACRA-Registered Filing Agent

Foreign nationals cannot directly incorporate a company in Singapore. You must engage a corporate service provider or filing agent registered with ACRA. The filing agent handles name reservation, incorporation filing, registered address, and compliance professional services. Professional fees for the full incorporation package range from S$500 to S$1,000 depending on the service provider and the complexity of your structure. Reputable providers include firms with experience handling Indian clients who understand both ACRA requirements and RBI ODI compliance.

Step 2: Reserve Your Company Name on BizFile+

Your filing agent will submit the name reservation application through BizFile+. Choose a name that clearly reflects your business activity and is distinct from existing registered names. ACRA rejects names that are identical or similar to existing entities, contain obscene or offensive words, or suggest government connection without approval. The name reservation fee is S$15 per application. Standard names are approved within 15 to 60 minutes. Names that require referral to other agencies (such as those containing words like "bank," "finance," "law," or "medical") take 14 to 60 days. A reserved name is valid for 120 days.

Step 3: Prepare Incorporation Documents

Before filing the incorporation application, collect and prepare these documents for all proposed directors and shareholders:

• Passport copies: Clear colour scans of valid passports for all directors and shareholders
• Residential address proof: Utility bill, bank statement, or government-issued document not older than 3 months
• Company constitution: Adopt the model constitution under the Companies Act 1967 or draft a customised constitution
• Consent to act: Written consent from each director agreeing to serve as a director of the company
• Shareholder details: Full name, nationality, passport number, residential address, and number of shares for each shareholder
• Registered address proof: Tenancy agreement or virtual office confirmation letter for the Singapore office address
• SSIC codes: Select up to two Singapore Standard Industrial Classification codes that describe your business activities

Step 4: File the Incorporation Application

The filing agent submits the incorporation application on BizFile+ with all supporting documents. The application includes the approved company name, registered address, particulars of directors and shareholders, company constitution, share capital structure, and SSIC codes. ACRA charges a registration fee of S$315 for the incorporation application. For straightforward applications, ACRA processes and approves the incorporation within 15 minutes to 1 working day. Applications that require additional referrals to government agencies may take longer.

Step 5: Receive Your UEN and Business Profile

Upon successful incorporation, ACRA assigns a Unique Entity Number (UEN) to your company. The UEN is a 9 or 10 character alphanumeric code (for example, 202512345A) that serves as your company's identity for all government transactions, tax filings, and regulatory interactions. You can download the official Business Profile from BizFile+ for a fee of S$16. This profile contains the company's registered address, directors, shareholders, share capital, and incorporation date. ACRA does not issue a physical Certificate of Incorporation; the BizFile+ records serve as the official registration record.

RBI and FEMA Compliance for Indian Investors

Investing in a Singapore company from India triggers compliance obligations under the Foreign Exchange Management Act (FEMA) and the Reserve Bank of India's Overseas Direct Investment (ODI) framework. Failure to comply can result in penalties of up to three times the contravention amount under FEMA. Here is what Indian investors need to know.

Individual Investors: Liberalised Remittance Scheme (LRS)

Resident individuals can invest in a Singapore company by remitting funds under the RBI's Liberalised Remittance Scheme. The current limit is USD 250,000 per financial year (April to March) per individual. The remittance must be made through an Authorised Dealer (AD) Category-I bank. You need to submit Form A2, a self-declaration of the purpose of remittance, PAN card copy, and KYC documents to the AD bank. Tax Collected at Source (TCS) at 5% applies on remittances exceeding ₹7 lakh per financial year. TCS increases to 20% if PAN or Aadhaar is not furnished. The TCS amount is adjustable against your income tax liability when filing your ITR.

Corporate Investors: Overseas Direct Investment (ODI)

Indian companies and LLPs can invest in a Singapore entity under the Foreign Exchange Management (Overseas Investment) Rules, 2022. Under the automatic route, the investment limit is 400% of the company's net worth as per the latest audited balance sheet (not older than 18 months). The investment must be routed through an AD bank with filing of Form ODI Part I. The Indian company needs to provide a board resolution authorising the overseas investment, a net worth certificate from a practising Tax Professional, details of the proposed investment, and a rationale for the overseas investment. For investments exceeding 400% of net worth, prior RBI approval is required.

Post-Investment Reporting and APR Filing

After the investment is made, Indian investors (both individual and corporate) must comply with ongoing reporting requirements:

• Annual Performance Report (APR): Must be filed with the RBI through the AD bank by 31 December each year, containing the financial performance of the Singapore entity
• Form ODI Part II: File when reporting allotment of shares, changes in shareholding, or additional investment
• Form ODI Part III: File for disinvestment, winding up, or transfer of shares in the overseas entity
• Annual Return on Foreign Liabilities and Assets (FLA): Indian companies with overseas investments must file an FLA return with the RBI by 15 July each year

Cost Breakdown for Singapore Company Registration from India

Understanding the full cost structure helps Indian entrepreneurs budget accurately. Here is a detailed breakdown of all costs involved in the first year of operating a Singapore Pte. Ltd., including both government fees and professional service charges.

Appointing Directors and Key Officers

Singapore law sets specific requirements for directors, compliance professional, and auditors. Getting these appointments right from the start prevents compliance issues and delays in bank account opening.

Resident Director Requirements

Under Section 145 of the Companies Act 1967, every Singapore company must have at least one director who is ordinarily resident in Singapore. "Ordinarily resident" means the person is a Singapore Citizen, Singapore Permanent Resident, or holds a valid Employment Pass, EntrePass, or Dependant Pass. There is no maximum limit on the number of directors, and foreign directors (including Indian nationals) can serve alongside the resident director. All directors must be at least 18 years old and must not be disqualified under the Companies Act.

Nominee Director Arrangements

If you do not have a local contact in Singapore, your corporate service provider can arrange a nominee director. The nominee director signs a service agreement limiting their role to meeting the statutory requirement. They do not have access to company bank accounts or authority to make business decisions. Key terms in a nominee director agreement include indemnity clauses protecting the nominee, resignation triggers, scope of authority, and confidentiality obligations. Nominee director services cost S$1,200 to S$2,500 per year depending on the provider and the level of involvement required.

Compliance Professional Appointment

Every Singapore company must appoint a compliance professional within 6 months of incorporation. The secretary must be a natural person (not a company) and must be ordinarily resident in Singapore. For a company with only one director, the sole director cannot also be the compliance professional. The secretary maintains the company's statutory registers, files annual returns, ensures compliance with ACRA deadlines, and advises the board on corporate governance matters. Professional compliance professional firms charge S$300 to S$600 per year for standard corporate compliance services.

Opening a Singapore Corporate Bank Account

A corporate bank account in Singapore is essential for receiving payments, paying suppliers, and managing operating funds. The account opening process has become more rigorous in recent years due to enhanced anti-money laundering (AML) and know-your-customer (KYC) requirements.

Major Banks and Account Options

The three local banks in Singapore are DBS, OCBC, and UOB. International banks with strong presence include HSBC, Standard Chartered, and Citibank. For Indian entrepreneurs, DBS is often the preferred choice because of its strong digital banking platform and familiarity with Indian business customers. Each bank has different minimum balance requirements, transaction fee structures, and account opening processes. Most banks require an initial deposit of S$1,000 to S$3,000.

Documents Required for Account Opening

• Company Business Profile downloaded from BizFile+
• Company constitution (Memorandum and Articles of Association)
• Board resolution authorising the opening of the bank account
• Passport copies of all directors and authorised signatories
• Proof of residential address for all directors (utility bill or bank statement)
• Description of business activities, expected transaction volumes, and source of funds
• Company organisational chart showing shareholding structure

Physical Presence and Remote Alternatives

Most traditional banks (DBS, OCBC, UOB) require at least one director to visit Singapore in person for the account opening meeting. The meeting typically lasts 30 to 60 minutes and involves KYC verification. Account activation takes 1 to 4 weeks after the meeting. For Indian entrepreneurs who cannot travel immediately, fintech alternatives like Aspire, Wise Business, and Airwallex offer remote account opening with faster processing times of 3 to 7 working days. These digital accounts are suitable for receiving payments and managing operational expenses, though they may have limitations for large transactions.

Singapore Tax Registration and Compliance with IRAS

After incorporation, your company must register with the Inland Revenue Authority of Singapore (IRAS) for corporate income tax. Understanding Singapore's tax system helps you take full advantage of available exemptions and incentives.

Corporate Income Tax Structure

Singapore taxes corporate income at a flat rate of 17%. However, new companies benefit from generous exemption schemes that significantly reduce the effective tax rate. The tax system operates on a preceding year basis, meaning income earned in Financial Year 2025 is assessed in Year of Assessment (YA) 2026.

Startup Tax Exemption Scheme (First 3 Years)

New companies that meet specific criteria qualify for the startup tax exemption scheme for their first three consecutive Years of Assessment. The qualifying criteria are: the company must be incorporated in Singapore, must be a tax resident in Singapore for that YA, must have no more than 20 shareholders throughout the basis period, and at least one shareholder must be an individual holding at least 10% of the issued ordinary shares. Under this scheme:

• 75% exemption on the first S$100,000 of chargeable income
• 50% exemption on the next S$100,000 of chargeable income
• Remaining chargeable income taxed at the full 17% rate

For a company earning S$200,000 in chargeable income, the tax calculation is: first S$100,000 at 25% taxable (S$25,000 x 17% = S$4,250), next S$100,000 at 50% taxable (S$50,000 x 17% = S$8,500), totalling S$12,750 in tax. The effective tax rate is 6.38% instead of 17%.

Partial Tax Exemption (After Year 3)

After the startup exemption period, companies qualify for the partial tax exemption scheme:

• 75% exemption on the first S$10,000 of chargeable income
• 50% exemption on the next S$190,000 of chargeable income
• This results in a tax of S$16,575 on S$200,000, giving an effective rate of approximately 8.29%

GST Registration and Filing

Goods and Services Tax (GST) in Singapore is currently 9% (effective 1 January 2024). GST registration is compulsory if your company's annual taxable turnover exceeds S$1 million. Below this threshold, registration is voluntary. GST-registered companies must file quarterly returns (Form GST F5) with IRAS. Input tax credits can be claimed on business purchases. If your Singapore company primarily serves overseas customers, you may be eligible for zero-rated supplies, meaning you charge 0% GST but can still claim input tax credits.

Post-Incorporation Compliance and Annual Filings

Running a compliant Singapore company requires meeting specific deadlines for ACRA filings, IRAS tax submissions, and corporate governance requirements. Missing these deadlines results in penalties, fines, and potential deregistration.

ACRA Annual Compliance

• Annual Return (AR): File within 7 months of the financial year end for unlisted companies. The AR filing fee is S$60 for BizFile+ submissions
• Annual General Meeting (AGM): Hold within 6 months of the financial year end. Private companies can dispense with AGM if all shareholders pass a resolution
• Financial Statements: Prepare in accordance with Singapore Financial Reporting Standards (SFRS). Must be presented at the AGM
• Register Updates: Notify ACRA of any changes to directors, shareholders, registered address, or compliance professional within 14 days

IRAS Tax Filing Deadlines

• Estimated Chargeable Income (ECI): Submit within 3 months of the financial year end. Companies with revenue up to S$5 million and ECI of nil can be exempt from filing
• Corporate Tax Return (Form C-S or Form C): File by 30 November of the Year of Assessment. Form C-S is the simplified version for companies with annual revenue up to S$5 million
• Tax Payment: Pay within 1 month of receiving the Notice of Assessment from IRAS
• GST Returns (if applicable): File quarterly by the last day of the month following the end of each accounting period

Record Keeping Requirements

Under the Companies Act 1967 and the Income Tax Act, Singapore companies must maintain proper accounting records for at least 5 years from the relevant Year of Assessment. Records include invoices, receipts, bank statements, contracts, payroll records, and all supporting documents for every financial transaction. These records can be kept in electronic form and must be sufficient to enable the preparation of financial statements that give a true and fair view of the company's financial position.

Work Passes for Indian Entrepreneurs in Singapore

If you plan to relocate to Singapore and manage your company directly, you need a valid work pass. Singapore's Ministry of Manpower (MOM) offers specific passes for entrepreneurs and professionals.

Employment Pass (EP)

The Employment Pass is for foreign professionals, managers, and executives. To qualify, you need a fixed monthly salary of at least S$5,600 (higher thresholds for experienced candidates in certain sectors). Since September 2023, EP applications are assessed under the Complementarity Assessment (COMPASS) framework, which scores candidates on salary, qualifications, diversity, and support for local employment. Your Singapore company sponsors the EP application. Processing time is approximately 3 to 8 weeks. The EP is valid for up to 2 years for first-time applications and up to 3 years for renewals.

EntrePass

The EntrePass is designed specifically for foreign entrepreneurs who want to start and operate a business in Singapore. To qualify, you must have a viable business plan with an innovative product or service, paid-up capital of at least S$50,000 in the company, and the business must not be operating in sectors on MOM's excluded list (such as coffee shops, hawker centres, and massage parlours). The EntrePass is initially valid for 1 year and renewable based on meeting progressive business milestones including minimum annual business spending of S$100,000 and employing at least 1 local employee by the first renewal.

Intellectual Property Protection in Singapore

Singapore has strong intellectual property (IP) laws and is a signatory to major international IP treaties including the Paris Convention, the Patent Cooperation Treaty (PCT), and the Madrid Protocol for trademarks. The Intellectual Property Office of Singapore (IPOS) administers IP registrations.

Trademark Registration

Register your brand name, logo, and tagline as trademarks through IPOS. The filing fee is S$341 per class of goods or services. Processing time is 8 to 12 months if there are no objections. A registered trademark is valid for 10 years and renewable indefinitely. Indian companies operating in Singapore should file trademark applications early to prevent brand disputes. Singapore is a member of the Madrid Protocol, which means you can extend your Indian trademark registration to Singapore through an international application filed via the Indian Trademark Registry.

Patent and Design Protection

Singapore offers patent protection for inventions and design registration for product aesthetics. Patent applications filed through the PCT route can designate Singapore for national phase entry within 30 months of the priority date. Design registration costs S$150 per design. For Indian tech companies and manufacturers, securing IP protection in Singapore adds credibility when pitching to Southeast Asian clients and investors.

Common Mistakes Indian Entrepreneurs Make During Singapore Incorporation

Based on our experience helping Indian businesses set up in Singapore, here are the most frequent errors and how to avoid them.

1. Skipping RBI ODI compliance: Many Indian entrepreneurs focus on the Singapore side and forget to file Form ODI Part I with their Authorised Dealer bank. This creates FEMA compliance issues that become difficult and expensive to regularise later. Always complete Indian regulatory requirements before or at the time of remitting investment funds
2. Choosing the cheapest nominee director without due diligence: A nominee director holds a formal directorship in your company. If the nominee has a poor track record or is associated with non-compliant companies, it reflects on your entity. Verify the nominee's background and ensure the service agreement clearly defines the scope, limitations, and termination clauses
3. Setting paid-up capital too low: While the legal minimum is S$1, banks and government agencies view very low share capital as a sign of unseriousness. Companies with S$1 paid-up capital face higher bank account rejection rates. Start with at least S$1,000 to S$10,000 based on your business requirements
4. Not opening a bank account promptly: Delays in opening a corporate bank account can stall your entire business setup. Start the account opening process within the first week of incorporation. Prepare all documents in advance and schedule the in-person bank meeting (if required) within 2 to 4 weeks of incorporation
5. Ignoring the compliance professional deadline: The 6-month deadline for appointing a compliance professional passes quickly. Many Indian-owned companies receive ACRA compliance notices because they overlooked this requirement. Appoint a secretary at the time of incorporation to avoid issues
6. Mixing personal and company finances: Using your personal account for company transactions creates accounting difficulties, triggers tax audit risks, and can pierce the corporate veil. Open a dedicated corporate account and route all business transactions through it
7. Not understanding Singapore's substance requirements: Singapore authorities, particularly IRAS, assess whether a company has genuine economic substance in Singapore. A shell company with no employees, no office activity, and no management presence may not qualify as a Singapore tax resident. Maintain adequate substance including physical operations, employee headcount, and management decision-making in Singapore

Singapore Company for Indian E-commerce and SaaS Businesses

A growing number of Indian SaaS companies, e-commerce platforms, and digital service providers are incorporating in Singapore to serve global customers. Singapore offers specific advantages for digital businesses.

Benefits for SaaS and Tech Companies

• Global billing: Invoice international clients in USD or SGD from a Singapore entity, avoiding the perception issues associated with Indian billing addresses for some enterprise clients
• No capital gains tax: When you sell shares or exit the company, there is no capital gains tax in Singapore, which is a significant advantage for founders and investors
• IP holding: Hold intellectual property (patents, trademarks, copyrights) in the Singapore entity and license them to operating subsidiaries worldwide. Singapore's IP regime offers tax deductions on IP acquisition costs
• Investor preference: Many Southeast Asian and global VCs prefer investing through a Singapore holding structure due to the stable legal environment and strong enforcement of shareholder agreements
• R&D incentives: Singapore offers 150% to 250% tax deductions on qualifying R&D expenditure, reducing the effective tax burden further for tech companies

Typical Structure for Indian Tech Startups

Indian tech startups commonly use a "flip" structure where the Singapore Pte. Ltd. becomes the holding company, and the existing Indian entity becomes a subsidiary. The Singapore entity holds the global IP, manages international client contracts, and raises investment. The Indian entity handles product development, engineering, and support operations. This structure is used by many Indian unicorns that have raised funding from international investors. The setup requires careful planning around transfer pricing, IP valuation, and FEMA compliance to ensure all intercompany transactions are at arm's length.

Annual Compliance Calendar for Singapore Pte. Ltd.

Use this calendar to track all critical compliance deadlines for your Singapore company. Missing any of these dates results in penalties or regulatory action.

Closing or Striking Off a Singapore Company

If your Singapore company ceases operations, you have two options for winding it down: voluntary striking off or formal winding up.

Voluntary Striking Off

You can apply to ACRA for striking off if the company has ceased trading, has no assets or liabilities, has no outstanding tax obligations with IRAS, has no outstanding charges or legal proceedings, and all directors consent. The striking off application fee is S$15, and the process takes approximately 4 to 6 months. ACRA publishes a notice and waits for objections before removing the company from the register.

Formal Winding Up

For companies with assets, liabilities, or outstanding obligations, a formal winding up (liquidation) is required. This can be voluntary (initiated by shareholders) or compulsory (ordered by the court). A licensed liquidator must be appointed. The process is more expensive and time-consuming, typically costing S$2,000 to S$5,000 in professional fees and taking 6 to 12 months. From the Indian side, you must file Form ODI Part III with your AD bank to report the disinvestment to the RBI.

Conclusion

Registering a company in Singapore from India is a well-defined, efficient process that can be completed in 1 to 3 working days through ACRA's BizFile+ portal once all documents are prepared. The total first-year cost ranges from S$2,000 to S$3,500 for a standard setup with nominee director services. Singapore's flat 17% tax rate, startup exemption bringing the effective rate to as low as 4.25%, zero capital gains tax, and access to ASEAN markets make it one of the best jurisdictions for Indian entrepreneurs looking to go global.

The key requirements are straightforward: at least one resident director (nominee director available if needed), a Singapore registered address, a compliance professional appointed within 6 months, and proper RBI/FEMA compliance from the Indian side. Indian individuals can invest up to USD 250,000 per year through LRS, while Indian companies can invest up to 400% of their net worth under the automatic ODI route.

Do not overlook the Indian regulatory obligations. Filing Form ODI Part I with your AD bank and submitting the Annual Performance Report to the RBI are mandatory. Failure to comply with FEMA can result in penalties of up to three times the contravention amount.

If you need professional support for both the Singapore incorporation and Indian compliance, our team at IncorpX handles the entire process end to end, including name reservation, ACRA filing, nominee director arrangement, RBI ODI documentation, and ongoing annual compliance management.