How to start your company in Singapore from UK
We help you open and run your business 24/7 online from UK ā or move to Singapore, too
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How much will it cost?
Bonanza Package
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
Company registration
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 1ā3 hours. S$315 government fee is included in the price.
Nominee Director for 1 year
No deposit required. We bill annually ā but we refund the unused months. Youāll burn no money.
Unlimited Corporate Secretary for 1 year
Corporate Secretary tracks changes in your companyās 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 companyās 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 companyās revenue.
Singapore is a great place to set up a business
The legal system is British, English is an official language and UK and Singapore have a Double Taxation Agreement, so you avoid being taxed twice on the same income.
Singapore | UK |
|---|---|
| #2Ā Ease of doing business | #7Ā Ease of doing business |
| #1Ā Enforcing contracts | #31Ā Enforcing contracts |
| #8Ā Ease of paying taxes | #23Ā Ease of paying taxes |
| No Resident Shareholders required | 2 Resident Shareholders required |
According to World Bank 2019 Reports and PWC surveys | |
| 17%Ā Corporate tax | 20%Ā Corporate tax |
| 22%Ā Personal tax maximum | 45%Ā Personal tax maximum |
| 7%Ā GST after S$1m turnover | 20%Ā GST |
As a foreigner, hereās 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 donāt have to hire any local employees, either
Read our comprehensive 6-steps guide on how to start a business in Singapore for a foreigner
Nominee Director
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 directorās 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.
Corporate Secretary
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.
Local Address
A real mailing address in Singapore. It goes on all legal documents. It doesnāt matter where your company really is located ā Osome will provide an address.
"Itās just the basics that user really needs ā yet richly featured when it comes to digitization and avoiding manual interactions or visits. Services are smoothly integrated: communication, document sharing, signing, payments etc.
The icing on the cake is they keep upgrading with high quality. And all that for a very nominal fee.
I wish OSOME the very best š"
Vidhi Maheshwari
India and things Pte. Ltd.
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