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Less time for setting up company in Singapore
More time for your business

To understand the procedure of Setting up company in Singapore, please refer to this page

businessman

Global Bussiness

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Price: 3,000 USD++

In Charge: Junior Consultant

Support Channels: Email, Support Bot, and Phone

Working Hours: Office hours, 5 days/week (excluding holidays)

Response Time: within 72 hours

  • Company name check
  • Preparation and submission of company registration documents
  • Private Limited Company with no more than 01 (one) shareholder
  • No deposit required
  • 01 year (365 days) of corporate secretarial services (corporate compliance)
  • 01 year (365 days) of nominee director services (legal representative)
  • 01 year (365 days) of mail handling services at a Singapore address
  • Electronic copy of company legal documents
  • Corporate bookkeeping with deductible expenses up to ≤30,000 SGD and a maximum of 50 transactions annually
  • Annual corporate tax filing
  • Support in opening a company account at a digital bank in Singapore
growth

Growth

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Price: 3,500 USD++

In Charge: Consultant

Support Channels: Email, Support Bot, and Phone

Working Hours: Office hours, 5 days/week (excluding holidays)

Response Time: within 48 hours

  • Company name check
  • Preparation and submission of company registration documents
  • Private Limited Company with no more than 05 (five) shareholders
  • No deposit required
  • 01 year (365 days) of corporate secretarial services (corporate compliance)
  • 01 year (365 days) of nominee director services (legal representative)
  • 01 year (365 days) of mail handling services at a Singapore address
  • Electronic copy of company legal documents
  • Corporate bookkeeping based on gross revenue or deductible expenses up to ≤60,000 SGD and a maximum of 100 transactions annually
  • Annual corporate tax filing
  • Support in opening a company account at a digital bank in Singapore
  • 01 year of exclusive .sg domain name for your business
shine-package

Shine

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Price: 5,000 USD++

In Charge: Consultant

Support Channels: Email, Support Bot, and Phone

Working Hours: Office hours, 5 days/week (excluding holidays)

Response Time: within 36 hours

  • Company name check
  • Preparation and submission of company registration documents
  • Private Limited Company with no more than 05 (five) shareholders
  • No deposit required
  • 01 year (365 days) of corporate secretarial services (corporate compliance)
  • 01 year (365 days) of nominee director services (legal representative)
  • 01 year (365 days) of mail handling services at a Singapore address
  • Electronic copy of company legal documents
  • Annual corporate tax filing
  • Corporate bookkeeping based on gross revenue or deductible expenses up to ≤180,000 SGD and a maximum of 300 transactions annually
  • 01 year of exclusive .sg domain name for your business
  • Support in opening a company account at a top-tier bank in Singapore
  • Free 01-year Basic Data Protection Officer (DPO) service (valued at 1,500 USD/year)
star-package

Star

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Price: 10,000 USD++

In Charge: Senior Consultant

Support Channels: Email, Support Bot, Phone, and Chat (Viber, WhatsApp, Zalo, Telegram)

Working Hours: 24/7 (including holidays)

Response Time: within 24 hours

  • Company name check
  • Preparation and submission of company registration documents
  • Private Limited Company with no more than 10 (ten) members
  • No deposit required
  • 01 year (365 days) of corporate secretarial services (corporate compliance)
  • 01 year (365 days) of nominee director services (legal representative)
  • 01 year (365 days) of mail handling services at a prime location in Singapore
  • Electronic copy of company legal documents
  • Corporate bookkeeping based on gross revenue or deductible expenses up to ≤420,000 SGD and a maximum of 1,000 transactions annually
  • Annual corporate tax filing
  • Support in opening a company account at a digital bank in Singapore
  • 01 year of exclusive .sg domain name for your business
  • Free 01-year Basic Data Protection Officer (DPO) service (valued at 1,500 USD/year)
  • Support in opening a company account at a top-tier bank in Singapore
  • Free 01-year Compliance Officer service (valued at 3,000 USD/year)
  • Support in opening a personal account at a top-tier bank in Singapore
prosperous-package

Wealth

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Price: 50,000 USD++

In Charge: Chief Strategist

Support Channels: Email, Support Bot, Phone, and Chat (Viber, WhatsApp, Zalo, Telegram)

Working Hours: 24/7

Response Time: within 12 hours

  • Company name check
  • Preparation and submission of company registration documents
  • Private Limited Company with no more than 49 (forty-nine) members/shareholders
  • No deposit required
  • 01 year (365 days) of corporate secretarial services (corporate compliance)
  • 01 year (365 days) of nominee director services (legal representative)
  • 01 year (365 days) of mail handling services at a prime location in Singapore
  • Electronic copy of company legal documents
  • Corporate bookkeeping based on gross revenue or deductible expenses up to ≤2,000,000 SGD and a maximum of 3,500 transactions annually
  • Annual corporate tax filing
  • Support in opening a company account at a digital bank in Singapore
  • Support in opening a personal account at a top-tier bank in Singapore
  • 01 year of exclusive .sg domain name for your business
  • Free 01-year Basic Data Protection Officer (DPO) service (valued at 1,500 USD/year)
  • Free 01-year Compliance Officer service (valued at 3,000 USD/year)
  • Special company registration number (Special UEN) based on client’s preferred numerology (e.g., …8, 222, 666…) (valued up to 3,000 SGD)
  • Asset management consultation (by Chief Strategist)
  • Tax optimization consultation (by Chief Strategist)
  • Risk management consultation (by Chief Strategist)

Add-ons Fee Schedule

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Service Name

Price (USD)
Preparation of consolidated management accounts and Unaudited Financial Statements (UFS) $1,500
1-year registration fee for Singapore domain name (.sg) $100
1-year registration for Singapore mobile phone number $400
Trademark registration in Singapore (per goods/services class) $1,000
Registration of prime office address in Singapore $3,000
IR8A personal income tax filing service $250
Processing fee for GST registration (Goods and Services Tax) registration $1,000
Processing fee for GST quarterly report $250
Monthly bookkeeping service (with quarterly GST preparation and submission) $500 ++
Quarterly bookkeeping service (with quarterly GST preparation and submission) $500 ++
Certificate confirming incorporation of company $100
Filing Financial Statements in XBRL format $500
Service for opening a traditional OCBC bank account
Types of accounts:
  • Business Growth Account: minimum deposit SGD 2,000, monthly maintenance fee: SGD 10
  • Multi-Currency Account (USD, EUR, AUD, JPY, GBP, CNH, HKD, CAD, NZD, CHF, SEK, DKK, NOK): no initial deposit required, no minimum balance required

View details →

 $5,000 (prepaid, 100% refundable if unsuccessful)
Service for opening a traditional CIMB bank account
Types of accounts:
  • USD: Minimum balance USD 8,000 (fee of USD 40 if not met)
  • SGD: Minimum balance SGD 8,000 (fee of SGD 35 if not met)
  • Other currencies as requested

Note:

  • No activity for 6 months: dormant account fee applies
  • Requires submission of the last 3 months of shareholder bank statements

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 $7,000
(prepaid, 100% refundable if unsuccessful)
Payroll (Monthly) (for individuals with valid work permits in Singapore) $50
Payroll (Annual) (for individuals with valid work permits in Singapore) $500
Company name change fee $300
Company name reservation fee (up to 120 days) $200
Changing Shareholder, excluding Stamp Duty $300 ++
Bilateral document translation (non-technical, 300 words/page) $80
Bilateral document translation (technical, 300 words/page) $100 – $150
Support service for DUNS (Data Universal Numbering System) number registration $1,000
Accounting Extra (Approx. SGD 100,000 and up to 50 transactions) $100
Fee to facilitate registration of TradeNet export account $500
Administrative fee for change of business activity (non referral authorities)
Processing Time: 3 working days
Note: New referral code must not be referred by authorities		 $150 per code
Data Protection Officer Service (LITE package) $500

Mauritius Services

For a comprehensive overview of Mauritius Services, please refer to this page.

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Service Name

Price (USD)
Mauritius – Single Asset-Holding Trust Establishment Fee $2,750
Mauritius – Discretionary Trust Establishment Fee $8,000
Mauritius – Special Purpose Trust Establishment Fee $10,000

Frequently asked questions

What are the Benefits of Setting Up a Company in Singapore?
Singapore is not only famous for its low tax rates but is also highly attractive to businesses due to its modern and reliable financial and banking system. This not only reduces operational costs but also creates a favorable competitive environment.
One of Singapore’s major strengths is its diversity in language and culture. This provides opportunities to expand and penetrate various markets, making business operations easier and more efficient. By choosing Singapore as your headquarters, you not only benefit from tax advantages but also gain access to top-tier financial services.
Can Foreigners Start a Business in Singapore?
Yes. With its excellent tax benefits, government-friendly policies, strategic location, and easy company setup process, Singapore is one of the top choices for entrepreneurs and directors looking to establish or expand their businesses.
Foreign entrepreneurs are welcomed to start their Singapore company registration process with an Employment Pass. The Employment Pass allows foreign professionals, managers, and executives to work in Singapore. You will complete your company registration before applying for the pass, and your application must be approved by the relevant authority.
To avoid any complications or uncertainties, foreigners should use SME Hub’s company secretary services, which can assist clients throughout the entire company setup process. In addition to company formation services, we also offers director nomination and address registration services.
Do I Need to Travel to Singapore to Set Up a Company?
No, business owners do not need to travel to Singapore to establish a company. All company formation procedures in Singapore can be done online, and signing the company formation documents can be done in SME Hub. Once the company formation process is complete, SME Hub will send the bizfile (the company’s business registration documents) directly to the business.
You may need to be present in Singapore to open the company’s bank account—depending on the specific bank. However, in most cases, shareholders will not need to be physically present in Singapore to complete this process. SME Hub will handle the procedure for you remotely.
What is the Minimum Paid-Up Capital for Setting Up a Company in Singapore?
The minimum paid-up capital required to establish a company in Singapore is SGD 1 (one Singapore dollar).
Note:
  • If the business is planning to apply for work permits in Singapore for employees or for the company itself, it is advisable to register a minimum paid-up capital of 50,000 SGD to improve the chances of obtaining the work permit.
  • For businesses in specific sectors (such as recruitment agencies, financial services, etc.), minimum capital requirements will be determined by relevant licensing requirements.
Can I Act as the Director of the Company in Singapore?
Singapore’s company law specifies that the resident director must be a Singapore citizen or a holder of a valid residency permit.
The resident director will serve as the legal representative for your company after its establishment. They are also responsible for ensuring compliance with laws during business operations and must be regularly present in Singapore to handle administrative tasks and management when necessary.
Additionally, the resident director acts as the primary contact between the company and government regulatory agencies. They must handle legal procedures in Singapore, such as registration, tax payments, and providing information as required.
What Should I Do After Setting Up a Company in Singapore?
To conduct transactions with clients and partners, your company will need to open a bank account. You can authorize the company secretary to register for Singapore Corporate Access (CorPass)—a digital account that facilitates online transactions with government agencies.
Additionally, if you plan to hire employees in Singapore, you should consider registering for CPF and GST if required. During business operations in Singapore, your company must comply with legal regulations set by the government. Each year, the company needs to submit reports to the relevant government agencies.
What Documents Are Needed to Apply for Overseas Investment Certification?
To obtain an overseas investment license, investors need to submit a set of documents including:
  • An investment project application detailing the plan, scope, and scale of the investment.
  • Approval from the relevant authority within the organization, such as the Board of Members, Board of Directors, Shareholders’ Meeting, or Cooperative General Assembly, regarding the direct overseas investment. This is especially important for legal entities like LLCs, partnerships, joint-stock companies, or cooperatives as per legal regulations.
  • A copy of the contract or agreement with partners regarding capital contributions, share purchases, or investment collaboration for the project, especially if there are multiple parties involved in the investment.
Which Sectors Are Restricted or Prohibited for Foreign Investment in Singapore?
In Singapore, some sectors are restricted or prohibited for foreign investment, including:
  • Media & Broadcasting: Television and radio.
  • Press: Publishing and distribution of newspapers.
  • Legal Services: Requires special approval from regulatory authorities.
  • Transport Services: Domestic air transport.
These restrictions ensure national security and protect public interests.

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