Incorporating a company in Singapore involves understanding the different options available and the process of setting up your own legal entity. There are two main types of companies: public and private. Public companies are listed on the Singapore Stock Exchange and must have at least 50 shareholders, while private companies can have no more than 50 shareholders. Both locals and foreigners over 18 can incorporate a company in Singapore. Foreign individuals must complete their company registration before being eligible for an employment pass with guaranteed approval from the authorities.