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Incorporation Service

Singapore is a great city to work, study, live and play. This globally connected, multi-cultural, cosmopolitan city-state offers a conducive environment to numerous industries. Global businesses find it advantageous to site their headquarters in Singapore. Strong trade and investment makes Singapore one of the most competitive Asian countries. Companies based in Singapore can tap the diverse capital markets and cutting-edge financial services from more than 500 local and foreign financial institutions here.

We specialise in business incorporations assisting local and foreign entrepreneurs in the formation of a private limited company. Our competitively priced incorporation packages as well as our dedicated business advisory team who possesses extensive secretarial experience and technical knowledge ensure that incorporation is performed with utmost care and professionalism.

Singapore River

Package Fees for Singapore Company Incorporation

Package

Company setup by local Singapore director

Company setup by foreign entrepreneur

Company setup requiring employment pass

 

(SGD)

(SGD)

(SGD)

Company Incorporation

$688

$688

$688

Company Secretary

Free 1 year

Free 1 year

Free 1 year

Registered Address

Free 1 year

Free 1 year

Free 1 year

Opening of Singapore bank account

Free

Free

Free

Nominee Director

Not applicable

$1,500

Temporary –$800 (for 3 months)

Refundable Deposit

Not applicable

$1,500

$1,500

Employment Pass

Not applicable

Not applicable

$950

TOTAL

$688

$3,688

$3,938


Company setup by local Singapore director
– This Singapore formation company package is suitable for individuals or companies who have own local Singapore Director.

Company setup by foreign entrepreneur – This Singapore formation company package is suitable for foreign individuals or companies who do not have a local resident director in Singapore.

Company setup requiring employment pass – This Singapore formation company package is suitable for foreign individuals or companies where foreign entrepreneur relocates to Singapore to run company operations.

Company Incorporation

The service includes:

  • Constitution of the Company
  • ACRA Business Profile
  • E-Notice of Incorporation
  • First Director’s Resolutions
  • Share Certificates
  • Common Seal
  • Self-Inking Rubber Stamp
  • Name Reservation (worth S$15.00)
  • ACRA Company Registration Fee (worth S$318.30)

Company Secretary

Every company must appoint a secretary within 6 months of the date of its incorporation. The company secretary must be residing locally in Singapore. Each Singapore Company must hold an Annual General Meeting (AGM) and lodge an Annual Return with Accounting and Corporate Regulatory Authority (ACRA) of Singapore.

Our annual company secretary retainer fee is for routine corporate secretarial services which include:

  • Appointing a qualified company secretary
  • Monitoring of ACRA and IRAS filing deadlines
  • Safe-keeping and updating of the statutory books and registers as required by the Act.
  • Preparation of minutes of general meeting in respect of the annual general meeting
  • Filing of the annual return to ACRA

Registered Address

Singapore companies must have a local address as a registered office address. Our office address can be used on your business cards, letterheads or any other official documents that may require a virtual office address as well.

Our Registered Office Address Package Includes:

  • Registered office address
  • Self-Collection of Mails and Parcels
  • Receiving of all Mails such as Parcels, Normal Mails or Registered Letters
  • Self collection of parcels / letters during our office hours Mon – Fri: (9am to 6pm)
  • Mail Forwarding Services Available Upon Request (additional fee of S$120 is applicable for this option.)
  • Mail Forwarding to local corresponding address at S$0.80 / letter (S$30 Mail Forwarding Deposit is Required)
  • S$5 Service Fee to send mail to Overseas Address via normal Mail or to assist arrangement of Courier Services (Min S$80 Mail Forward Deposit)
  • Free Daily Mail Alert via Email with photograph of the letters
  • Free whatapps forwarding alert (optional)

Opening of Singapore bank account

For opening of bank accounts at your own preferred bank which require our nominee director or secretary to sign on the bank account opening forms, a directors’ resolution must be prepared to authorise the director/company secretary to sign on behalf of the Company and the bank documents are completed by the banker and signed in our office.

Kindly be reminded to check with your bank whether they will allow the documents to be signed without physical presence in the bank branch. If you require our nominee director/secretary to provide outgoing signing of documents at the bank branch, an extra charge from $200 is applicable.

Nominee Director

The Company needs to have at least one local resident director in Singapore. If you do not have a local director for your company, we offer our Nominee Local Director Service where we appoint a member of our team as the nominee local director for your company in order to comply with statutory requirement. The nominee director will not be involved in any management, financial, or operational matters of the company.

Our nominee director service fee is competitively priced at $2,000.00 per annum. The appointment of local director is for minimum period of at least six months and is subject to the initial security deposit of $2,000.00. The security deposit is refundable to the Company upon termination of nominee director service.

Employment Pass

The service includes:

  • Assessment test before submission
  • Submission fee
  • One appeal to MOM (if applicable) within 3 months from the date of rejection as per MOMs guideline
  • Issuing of Employment Pass Card
  • Despatch charges to MOM
  • Liaising with MOM for necessary documentation
  • All coordination fees
  • Resolution to appoint the new Director who is the Employment Pass holder.

You will no longer need for the nominee director service once your employment pass is approved.

If you require assistance in setting up of the Singapore Company, please contact us for a non-obligatory consultation.