Incorporation in Singapore

Possessing an attractive tax regime in addition to many business-friendly policies, Singapore makes it easy for companies to establish and operate business activities in this country. Singapore's extensive double tax treaties also allow for preferential tax regimes, which play an important role in minimizing the tax burden for any business.

Why Singapore?

 Pro Business Environment

  Robust Economy

 Attractive Tax Regime

 Established infrastructure

 Global Expansion

 Fast & simple incorporation

Incorporation in Singapore

Key features of Private Limited Company

1,000+ business company doing Company services with us.

Tax
Corporate income tax is capped at 17%. Startups can qualify for a few tax exemption schemes
Company secretary and local address
Mandatory, ensures the company and its operations comply with all aspects of Singapore company law
Company's member
Have at least one director who is locally resident in Singapore. Shareholders can be local or foreign, but not more than 50 persons
Ongoing compliance
Have annual accounting and auditing requirements. Must file annual return and hold annual general meeting
Share capital
No minimum paid-up share capital requirement
Public information
Company information will be opened to the general public
Register Offshore Company Processing

Your Singapore company formation in four simple steps

Follow the right path with the right procedure

How to setup and maintain an offshore company
START
Step 01

Select package and submit KYC documents

SUBMIT 
Step 02

Sign application forms and do due diligence requirements

AVAILABLE 
Step 03

Submit the application and receive corporate documents

 ONGOING COMPLIANCE 
Step 04

Annual registration renewal to keep business in good standing

Due Diligence Requirements

Properly prepared documents allows a speedy approval process 

To get started, you should prepare the following documents:

  • Scanned copies of passports of all members
  • Scanned copies of address proofs of all members
  • Emails and phone numbers of all members
  • Video call of each member for verification purpose
  • Business description in 20-30 words (company website, products or services, sector, major operating countries)

NOTES

  • The compliance officers may require for additional documents on a case by case basic.

Plans and Pricing

Primary packages for forming and operating an offshore company in Singapore

Standard

Essential Incorporation

US$ 2,600
Get started

1. Essential Incorporation

  • Unlimited company name check
  • Incorporation application & filing
  • One year of Government fee
  • One set of digital corporate documents
  • Local nominee director in 1 year* (Mandatory)

2. Corporate Secretary & Address

  • One year of Corporate secretary service
  • One year of registered agent & local address
  • Timely reminder on filing deadlines
  • AGM preparation
  • Processing time in 7 business days

Premium

Urgent, Fast-turnaround time

US$ 3,800
Get started

1. Essential Incorporation

  • Unlimited company name check
  • Incorporation application & filing
  • One year of Government fee
  • One set of digital corporate documents
  • Local nominee director in 1 year* (Mandatory)

2. Corporate Secretary & Address

  • One year of Corporate secretary service
  • One year of registered agent & local address
  • Timely reminder on filing deadlines
  • AGM preparation

3. Banking Assistance Services

    • Introduce, pre-qualify and assist with document preparation to apply for suitable banking options, ensure the highest chance of approval
    • 2 Additional suitable banking assistance services
    • Bank account opening with Payoneer if applicable
    • Assign a dedicate relationship banker to work DIRECTLY with you on bank application process
    • Prepare personalized business structure/nature, required internal company documents and application guide for the specific bank of choice to maximize success rate
    • Appeal your application in case of rejection

    Recommended

    Premium Plus

    Revolutionize Your Finances

    US$ 4,100
    Get started

    1. Essential Incorporation

    • Unlimited company name check
    • Incorporation application & filing
    • One year of Government fee
    • One set of digital corporate documents
    • Local nominee director in 1 year* (Mandatory)

    2. Corporate Secretary & Address

    • One year of Corporate secretary service
    • One year of registered agent & local address
    • Timely reminder on filing deadlines
    • AGM preparation

    3. Banking Assistance Services

      • Introduce, pre-qualify and assist with document preparation to apply for suitable banking options, ensure the highest chance of approval
      • 3 Additional suitable banking assistance services
      • Bank account opening with Payoneer if applicable
      • Assign a dedicate relationship banker to work DIRECTLY with you on bank application process
      • Prepare personalized business structure/nature, required internal company documents and application guide for the specific bank of choice to maximize success rate
      • Appeal your application in case of rejection

      4. Additional services

      • Dedicated life-time customer support (priority service - reply in 24 hours)
      • UNLIMITED number of company changes post-incorporation
      • 1 year of mail forwarding services

      NOTES

      1.  We do not collect Nominee deposits like other service providers do but we need to collect both incorporation fee + accounting fee (start from USD 2,000) to protect benefits and transparency for our local Nominee director.

      2. We need to collect the KYC compliance check fee of US$ 150.00/each additional director/shareholder.

      Standard

      Essential Renewal

      US$ 2,600
      Get started
      • Government fee in 01 year
      • A local nominee director in 01 year
      • Corporate secretary and local address in 01 year
      • Company secretary services in 01 year
      • Automatic reminders and AGM preparation

      Recommended

      Premium

      Urgent, Fast-turnaround time

      US$ 2,800
      Get started
      • Government fee in 01 year
      • A local nominee director in 01 year
      • Corporate secretary and local address in 01 year
      • Company secretary services in 01 year
      • Automatic reminders and AGM preparation
      • Dedicated customer support within 24 hours
      • Mail forwarding services in 01 year
      • Unlimited number of company changes

      Recommended

      Banking Assistance Service

      US$ 499
      Get started
      • Introduce, pre-qualify and assist with document preparation to apply for suitable banking options, ensure the highest chance of approval
      • Assign a dedicate relationship banker to work DIRECTLY with you on bank application process
      • Prepare personalized business structure/nature, required internal company documents and application guide for the specific bank of choice to maximize success rate
      • Appeal your application in case of rejection

      NOTES

      • Our banking support service is applied for 1 bank at 1 time. 
      • The final decision is at the bank's discretion, upon checking your business profile and supporting documents. 
      • Additional fee for notarization may incur if the application is approved which mainly depends on the bank you choose. 

      Try Us

      Under 40 transactions per month

      For Start-ups

      US$ 300/yr
      Get started
        • Daily bookkeeping with cloud -based accounting software (Xero)
        • Monthly Management Reports
        • Preparation of Balance Sheet, Income Statement, General Ledger
        • Account Payables, Account Receivables Summary & Schedules   

      From 41 to 70 transactions per month

      For S&M Businesses

      US$ 500/yr
      Get started
        • Daily bookkeeping with cloud -based accounting software (Xero)
        • Monthly Management Reports
        • Preparation of Balance Sheet, Income Statement, General Ledger
        • Account Payables, Account Receivables Summary & Schedules   

      From 71 to 100 transactions per month

      For Large Businesses

      US$ 700/yr
      Get started
        • Daily bookkeeping with cloud -based accounting software (Xero)
        • Monthly Management Reports
        • Preparation of Balance Sheet, Income Statement, General Ledger
        • Account Payables, Account Receivables Summary & Schedules   

      NOTES

      The bookkeeping fee mentioned above excludes:

      • Revenue limit achieved: Difference to the next higher Bookkeeping Package is chargeable once limit is reached
      • Multi-currency account: Additional $200/year (Applicable when you have two bank accounts with different currencies and/or receive funds or issue sales invoices in different currencies)
      • Corporate shareholder or negative net assets/equity: Full XBRL is required [assets and revenue >SGD$500,000]
      • Negative net assets/equity: XBRL Simplified is required [assets and revenue <SGD$500,000]
      Try Us

      Yearly revenue under S$120K

      US$ 1,800/yr
      Get started
      • Inclusive bookkeeping service
      • Corppass registration & annual return filing
      • Estimated Chargeable Tax Income (ECI) filing
      • Comprehensive unaudited financial statements
      • Corporate tax filing (Form C/S) & Tax computation

      Yearly revenue from S$120K - S$300K

      US$ 2,200/yr
      Get started
      • Inclusive bookkeeping service
      • Corppass registration & annual return filing
      • Estimated Chargeable Tax Income (ECI) filing
      • Comprehensive unaudited financial statements
      • Corporate tax filing (Form C/S) & Tax computation

      Yearly revenue from S$300K - S$600K

      US$ 3,000/yr
      Get started
      • Inclusive bookkeeping service
      • Corppass registration & annual return filing
      • Estimated Chargeable Tax Income (ECI) filing
      • Comprehensive unaudited financial statements
      • Corporate tax filing (Form C/S) & Tax computation

      Yearly revenue under S$600K - S$1,2M

      US$ 3,500/yr
      Get started
      • Inclusive bookkeeping service
      • Corppass registration & annual return filing
      • Estimated Chargeable Tax Income (ECI) filing
      • Comprehensive unaudited financial statements
      • Corporate tax filing (Form C/S) & Tax computation

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      Frequently Asked Questions

      ANSWER

      Absolutely yes. Within six months of establishment, all Singapore corporations must employ a company secretary.  The company secretary is in charge of communicating with Singapore regulatory agencies, filing required papers, and advising directors on their compliance and legal obligations.

      ANSWER

      In Singapore, unless exempted under Section 205B or 205C of the Firms Act, all firms are obliged to employ a company auditor within three months after establishment. Before July 2015, exempt private enterprises with annual revenues of less than S$5 million were exempt from audit compliance. That is now being supplanted by the notion of a "small company."

      ANSWER

      Do not name names with offensive or vulgar words, names that are similar to already existing companies in Singapore or a company name that is registered with ACRA. Do not name a company with a forbidden word as ordered by the minister of finance, for example, "Temasek"

      ANSWER

      Yes, a Singapore company is required to have at least one loal resident director. In order to qualify as locally resident, the person must be Singapore resident or pass holders. 

      A director must be a natural person and above 18 years old. Corporate directors are not permitted. There are a number of different ways you can satisfy the local resident director requirement:

      • If you plan to relocate to Singapore to run your company, you will need to apply a work visa of type (employment pass or entrepass) under your new entity. Once your work visa is approved, you can act as the local resident director.
      • If you have a local partner or know a trustworthy person in Singapore who is willing to act as the local director, your problem is solved.
      • Alternatively, most foreigner entrepreuneurs and businesses that setup a Singapore company without relocating to Singapore, use our nominee local director service. Our nominee director service does not require any shareholding in the company and does not get involved in the company operations or banking matters.

      ANSWER

      Paid-up capital is the total amount of capital that has been funded by shareholders. In other words, it refers to the sum of money that a company has received from shareholders who have completely paid for their purchased shares. The minimum paid-up capital requirement for setting up a company in Singapore is S$1.00.

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