All formalities for registering a firm can be settled without the obligatory presence of the owner. The only exception is opening a bank account in a Singaporean bank. The legislation does not allow foreign individuals or legal entities to register companies independently. This can only be done through a local agent (a specialized firm that will represent your interests in government agencies). If you do not plan to move to the state for living, you can freely manage your business from abroad. In this case, you need to hire a local managing director and corporate secretary. It is usually possible to employ a nominal director. Whenever there is a need to visit Singapore, a foreigner can come on a regular tourist visa. If you plan to be fully engaged in the management process, you must be present in the country. An employment pass or an entrepreneur visa is mandatory in this case.