How much will it cost?
Company Incorporation + Nominee Director + Unlimited Corporate Secretary + Registered Address
Not included: Mandatory Compliance Package
Accounting & Taxation starting from $1,200/year: Compare price plans here
S$2,550 You save S$440
We will need your company name and shareholder details. We prepare an application and submit it to ACRA, the registration body. The whole process can be as fast as 1–3 hours. S$315 government fee is included in the price.
Nominee Director for 1 year
No deposit required. We bill annually – but we refund the unused months. You’ll burn no money.
Unlimited Corporate Secretary for 1 year
Corporate Secretary tracks changes in your company’s structure and top management, compiles papers and reports to the government about your business. Every Singapore business must have one.
Forget about being charged per document. Our Unlimited service covers all standard resolutions you will need.
Registered Address for 1 year
A company must have a real office mailbox that is regularly checked. Official documents are sent there. We notify you about the correspondence, scan it and send it to you. The real letters are forwarded if necessary.
Monthly Accounting & Taxation for 1 year
Healthy and transparent books are a vital part of every company’s compliance especially when it comes to providing our Nominee Director services to you. This is why we require you to take our monthly Accounting service on top of this package. All our plans include Accounting, Taxation and all related filings, just choose a package based on your company’s revenue.
Singapore is a great place to set up a business
The legal system is British, Jakarta is just a 2-hour flight away, and Indonesia and Singapore have a Double Taxation Agreement, so you avoid being taxed twice on the same income.
|#2 Ease of doing business||#72 Ease of doing business|
|#1 Enforcing contracts||#146 Enforcing contracts|
|#8 Ease of paying taxes||#112 Ease of paying taxes|
|$1 paid-up capital minimum||$1mln paid-up capital minimum|
According to World Bank 2019 Reports and PWC surveys
|17% Corporate tax||25% Corporate tax|
|22% Personal tax maximum||30% Personal tax maximum|
|7% GST after S$1m turnover||10% GST|
As a foreigner, here’s what you need to start a business in Singapore
You only need to fly once to open a bank account, everything else can be managed online. You don’t have to hire any local employees, either
The most complicated and expensive feature for a foreigner. Every company can have many directors, but at least one of them must be a resident of Singapore. If you do not have someone who can play the role, you can hire a nominee director.
A nominee formally holds director’s position, without any actual decision-making powers or authority to run the company. He is a company officer on paper, necessary to meet the requirements of the law.
A Singapore resident certified under various regulations. That person is responsible for lodging and filing in time all necessary documents required by law. We provide that service.
A real mailing address in Singapore. It goes on all legal documents. It doesn’t matter where your company really is located — Osome will provide an address.