Incorporation for Locals
Incorporation and Secretarial from SGD 750
You must meet the following requirements before applying to the ACRA to start the process of forming a Singapore private limited company:
- At least one shareholder: The shareholder can be an individual or another company. 50 shareholders are the maximum allowed for a Singapore private limited corporation.
- One resident(local) director: Singapore Citizen/ Permanent Resident (PR)
- Minimum paid-up capital of SGD1: One Singapore dollar is all you need to start a business in Singapore
- Minimum of one company secretary: One Singaporean resident as company secretary to compliance with regulatory requirements and tax filings.
- Local registered address: A physical Singapore address (no P.O. Box) is required
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Incorporation for Foreigners
Incorporation, Secretarial and Nominee director from SGD 5,000
You must meet the following requirements before applying to the ACRA to start the process of forming a Singapore private limited company:
- At least one shareholder: The shareholder can be an individual or another company. 50 shareholders are the maximum allowed for a Singapore private limited corporation.
- One nominee director: Singapore Citizen/ Permanent Resident (PR) appointed by CSP
- Minimum paid-up capital of SGD1: One Singapore dollar is all you need to start a business in Singapore
- Minimum of one company secretary: One Singaporean resident as company secretary to compliance with regulatory requirements and tax filings.
- Local registered address: A physical Singapore address (no P.O. Box) is required
The price is fully inclusive covering all registration preparation, ACRA filing, and the government fee with no hidden charges.
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Corporate Secretarial
Appointing Company Secretary (ACRA compliance requirements)
Companies must appoint a company secretary within six months from the date of incorporation. This position cannot be left vacant for more than six months, or the directors may face a penalty of up to SGD1,000.
A company secretary is responsible for the administration of the company. They are also required to ensure that all directors and shareholders are informed of their statutory obligations, such as the filing of annual returns.
The responsibilities of a secretary can vary depending on a company's needs. Below are some examples:
- Maintain and update the company’s registers and minutes books.
- Administer, attend and prepare minutes of meetings of directors and shareholders.
- Keep company directors aware of the deadlines for annual returns and any other filings required by ACRA.
- Update directors and shareholders on relevant changes in corporate regulations.
A statutory audit is a mandatory externalreview of a company’s financial statements, as required under Singapore’sCompanies Act and overseen by the Accounting and Corporate Regulatory Authority(ACRA).
We, together with our affiliated CPA firm providereliable statutory audit services in Singapore. We support businesses acrossdiverse industries, including growing SMEs, multinational subsidiaries, andbranches of listed companies.
We work closely with our clients to gain a thorough understanding of their business operations, internal controls, and financial reporting processes. This allows us to identify key risk areas,provide practical recommendations, and ensure that financial statements present a true and fair view of the company’s financial position.
Our statutory audit services include:
- Independent audit of financial statements
- Assessment of internal controls and risk areas
- Compliance with regulatory and statutory requirements
- Audit support for Singapore-incorporated companies and local branches
- Professional insights to improve financial reporting and governance
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Audit Requirements:
Where a company has qualified as a smallcompany, it continues to be a small company for subsequent financial yearsuntil it is disqualified. A small company is disqualified if:
- it ceases to be a private company at any time during a financial year; or
- it does not meet at least 2 of the 3 the quantitative criteria for the immediate past two consecutive financial years.
Where a group has qualified as a smallgroup, it continues to be a small group for subsequent financial years until itdoes not meet at least 2 of the 3 the quantitative criteria for the immediatepast two consecutive financial years.
Audit Exempted Requirements:
A “small company” is exempt from auditingtheir financial statements. A company qualifies as a small company if
- itis a private company in the financial year in question; and
- it meets at least 2 of 3 following criteria for immediate past two consecutive financial years:
total annual revenue notexceeding $10m;- total assets not exceeding $10m;
- no. of employees not more than 50;
For a company which is part of a group:
- the company must qualify as a small company; and
- entire group must be a “small group” to qualify to the audit exemption.
For a group to be a small group, it mustmeet at least 2 of the 3 quantitative criteria on a consolidated basis for theimmediate past two consecutive financial years.
What are the types of audits?
- Statutory Audit
- BCA Audit
- Internal Audit
- Gross Sales Audit
- Grant Audit
- Lucky Draw Audit
- Group Consolidation Audit
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Pricing plans
Flexible options for your business
Basic Price Plan
$500/year
Non-active or Less 50 transactions for fixed accounting
Effortless Yearly Accounting: 1- 3 pages of bank statement or Revenue below S$100k
Annual Financial Statements
Annual Return Tax
Xero Subscription Support
Standard Price Plan
$250/month
Limited Bookkeeping
Set up chart of accounts
Payroll and CPF data entry
No GST submission
Only Singapore Currency
No Annual Return Filing
Premium Price Plan
$1,000/month
Limited Bookkeeping
Set up chart of accounts
Payroll and CPF software
GST submission
Singapore, USD, GBP Currency
Compliance Report including XBRL filing
Annual Tax Filing
Bespoke Price Plan
$2,500/month or Get Quoted
Limited Bookkeeping
Set up chart of accounts
Payroll and CPF software
GST submission
Singapore, USD, GBP Currency
Compliance Report including XBRL filing
Annual Tax Filing
Consolidatedaccounts
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