Incorporation Fees & Packages
- Incorporation Packages for Foreign Entrepreneurs: This package is best suited for the one who is a foreigner and wish to start a company is Singapore. Under this package, we will take care of all formalities associated with Singapore company registration starting from company name selection, nominee company secretary services, business set up requirements to immigration needs.
- Incorporation Packages for Foreign Companies: Foreign companies can expand their businesses to Singapore in any of the three forms of company set up such as subsidiary company, branch office and representative office. You can come to us with your requirements and we will provide you with complete solutions of Singapore company incorporation.
- Incorporation Packages for Singapore Residents: Our incorporation services are not only limited to foreign or overseas clients but we also extend support to the local residents of Singapore who intend to set up businesses in their own nation. We assist them throughout the process so that they can experience an easy and hassle free incorporation process with us. By availing this package, one can own a company without even visiting the offices of ACRA and IRAS.
- Foreign Individuals/Entrepreneurs
- Foreign Company/Corporations
- Singapore Residents/Locals
Package 1: Singapore Company Incorporation With Local Nominee Director
- Minimum paid-up capital S$1
- At least one local/resident director
- At least one shareholder
- At least one company secretary
- A local registered office address
- Overview of Package
- Details of Process
- Documents/Information Required
- FAQ
The details of package are as follows: Please note that the price offered is inclusive of all taxes and government fees, and there are no hidden costs involved.
| Description of Services Offered | Amount of Fees (SGD) |
|---|---|
Company Incorporation
|
800 |
| Nominee local director for one year | 1,500 |
| Company secretary for one year | 500 |
| Company registered office address for one year | 360 |
| Bank account opening assistance | FREE |
| *All prices exclusive of 7% GST (Goods and Services Tax) TOTAL FEES | 3,160 |
| LESS: DISCOUNT FOR COMBO PACKAGE | -180 |
| NET FEES PAYABLE TO SBS Consulting | 2,980 |
- E-mail to SBS – Please e-mail us on info@sbsgroup.com.sg and inform us that you would like to proceed with our PACKAGE NO 1. Include your contact details in the email. Upon receipt of e-mail, we will send you spread sheets (known as “RUN BOOK”) and Know-your-client (known as “KYC”) which you need to fill up with all the relevant details and listing of documents required for incorporation. We will contact you with advice about the next steps.
- Provide Documents/Information Required for Incorporation – You need to fill up all the details in the ‘Run Book’ such as proposed names, details of shareholders, directors , details of principal activities, details of share capital, financial year end and etc. You also need to fill KYC form and send it to us through e-mail, so that, we can prepare incorporation documents.
- Prepare Company Incorporation Documents – Upon receipt of above documents, we will prepare the necessary documents and send them to you through e-mail with our formal invoice. If you are in Singapore, we will arrange a meeting with you at our office.
- Incorporation & Registration Fees Payment – To proceed with the incorporation, you need to send us duly signed original incorporation documents with our full fees, in advance. Please be informed that we accept bank transfers, local cheques and cash.
- Incorporate a Company – Upon receipt of duly signed original incorporation documents and our Singapore company incorporation fees, we will proceed to incorporate a company with ACRA on the same day. Upon incorporation, we will send you an e-mail with business profile of the company which states full details of company such as Registration number, date of registration, principal activities, details of shareholders/directors/secretary, numbers of shares and the amount of share capital etc.
- Prepare Registers, Order the Company Seal and Certificate of Incorporation – On the same day of company incorporation, we will order the company seal and certificate of incorporation (hard copy). Upon receipt of seal and certificate, we will prepare all incorporation documents with registration number, issue share certificates and prepare company statutory registers. We will also send you all the signed documents through an e-mail for your record.
- Assistance in Opening Bank Account – Upon incorporation, we will arrange a meeting with the bank officers to open bank account whenever you visit Singapore, as per your convenience.
- Post Incorporation Services – We will keep records of your company’s first financial year-end. We will also inform you about all the compliance matters with due dates every year, in the first week of year following the date of financial year-end. As you are incorporating a company with SBS, SBS will provide you with a contact person as the person-in-charge for your company’s matters, so that, you can call on him anytime, for any help or assistance in any future matters.
- For all LOCAL directors/shareholders/secretaries- A copy of Singapore IC
- For all FOREIGN directors/shareholders:
a. Copy of passport b. Copy of proof-of-residence such as a utility bill, a residential phone bill, a tax bill, a bank statement and etc (not older than 3 months) c. Personal bank reference letters for at least one director and the shareholder who holds the majority of shares
- Completed and signed our KYC form
- Completed our RUN BOOK
Information required
- Names for the proposed company (At least three names in a prioritized list)
- Details of share capital, such as, quantity of share capital, amount of share capital, currency denomination, amount of paid-up share capital
- Details of principal activities
- Details of company’s first financial year-end
(You can call on to us and we will advice you about the most suitable and advantageous year-end for your company.)
As per Singapore Companies Act, every Singapore registered company must have at least one local resident director. If you do not have any trustworthy person to be local director of your proposed company, SBS could provide you a nominee director on annual term basis. The person, who will be appointed as nominee director of your company, will not be involved in any managerial, operational, or financial matters of the company. He will be appointed for statutory compliance purposes only.
If we would want to change the local nominee director, what would be the procedure?
You must appoint one or more other individuals, (who can be foreign individual(s) including yourself) as the executive directors who will be responsible for running the company. You can change the director anytime. As we will also be your company secretary, we will prepare the necessary documents upon receipt of your request.
Am I supposed to give shareholding to the local nominee director?
100% business ownership of any company, operating within the country, is allowed by the Companies Act of Singapore. Even foreigners are not required to seek approval, because they are given the same treatment as that of the local business owners. In this regards, it is not required that you give the shareholding to the local nominee director.
Please be informed that SBS Consulting provides above mentioned services as well.
Package 2: Singapore Company Incorporation With Employment Pass
- Minimum paid-up capital SGD1
- At least one local/resident director
- At least one shareholder
- At least one company secretary
- A local registered office address
As per Ministry of Manpower Guidelines, to apply for an Employment pass, the requirement are as follows:
- At least SGD3,000 fixed monthly salary
- Acceptable educational qualifications
- Professional qualifications and relevant experience
- Specialist skills
- Overview of Package
- Details of Process
- Documents/Information Required
- FAQ
The details of package are as follows:Please note that the price offered is inclusive of all taxes and government fees, and there are no hidden costs involved.
| Description of Services Offered | Amount of Fees (SGD) |
|---|---|
Company Incorporation
|
800 |
| Nominee local director for two months | 500 |
| Employment Pass (EP) application filling for 1 applicant | 850 |
| Company secretary for one year | 500 |
| Company registered office address for one year | 360 |
| Bank account opening assistance | FREE |
| *All prices exclusive of 7% GST (Goods and Services Tax) TOTAL FEES | 3,010 |
| LESS: DISCOUNT FOR COMBO PACKAGE | -280 |
| NET FEES PAYABLE TO SBS Consulting | 2,730 |
- E-mail to SBS – Please e-mail to us on info@sbsgroup.com.sg and inform us you would like to proceed with our PACKAGE NO 2 with your contact details. Upon receipt of e-mail , we will send you a spread sheet (known as “RUN BOOK”) and Know-your-client (known as “KYC”) which need to fill up with all details and listing of documents required for incorporation and will contact to you to advice about next steps.
- Provide documents/information’s required for incorporation – You need to fill up all the details in the run book such as proposed names, details of shareholders, directors , details of principal activities, details of share capital and financial year end etc & KYC form and need to send us through e-mail so that we will prepare incorporation documents.
- Prepare Company Incorporation documents – Upon receipt of above documents, we will prepare the necessary documents and send to you through e-mail with our formal invoice. If you are in Singapore, we will arrange a meeting with you at our office.
- Incorporation & Registration Fees Payment – To proceed for incorporation, you need to send us duly signed original incorporation documents with our fees full in advance. Please be informed that we accept bank transfer, local cheques and cash.
- Incorporate Subsidiary company – Upon receipt of duly signed originals incorporation documents with our fees, we will proceed to incorporate company with ACRA on same day. Upon incorporation, we will send you an e-mail with business profile of the company which states full details of company such as Registration number, date of registration, principal activities, details of shareholders/directors/secretary, no and amount of share capital etc.
- Prepare Registers, Order the Company Seal and Certificate of Incorporation – On the same day of company incorporation, we will order the company seal and certificate of incorporation (hard copy). Upon receipt of seal and certificate, we will prepare all incorporation documents with registration number, issue share certificates and prepare company statutory registers. We will also send you all the signed documents through an e-mail for your record.
- Assistance in Opening Bank Account – Upon incorporation, we will arrange a meeting with the bank officers to open bank account whenever you visit Singapore, as per your convenience.
- Post Incorporation Services – We will keep records of your company’s first financial year-end. We will also inform you about all the compliance matters with due dates every year, in the first week of year following the date of financial year-end. As you are incorporating a company with SBS, SBS will provide you with a contact person as the person-in-charge for your company’s matters, so that, you can call on him anytime, for any help or assistance in any future matters.
- For all LOCAL directors/shareholders/secretaries- A copy of Singapore IC
- For all FOREIGN directors/shareholders:
a. Copy of passport b. Copy of proof-of-residence such as a utility bill, a residential phone bill, a tax bill, a bank statement and etc (not older than 3 months) c. Personal bank reference letters for at least one director and the shareholder who holds the majority of shares
- Completed and signed our KYC form
- Completed our RUN BOOK
Information required
- Names for the proposed company (At least three names in a prioritized list)
- Details of share capital, such as, quantity of share capital, amount of share capital, currency denomination, amount of paid-up share capital
- Details of principal activities
- Details of company’s first financial year-end
(You can call on to us and we will advice you about the most suitable and advantageous year-end for your company.)
As per Ministry of Manpower Guidelines, to apply for an Employment pass, the requirements are as follows –
1. At least SGD3,000 fixed monthly salary 2. Acceptable educational qualifications 3. Professional qualifications and relevant experience 4. Specialist skills
I wish to incorporate a company and then relocate to Singapore, what is the procedure?
Once you engage us, you can use our local resident nominee director and then apply for an employment pass. We will submit all the documents necessary for the approval of your pass. Once you get the pass, you can transfer the directorship under your name, relocate to Singapore, and start your business.
Please be informed that SBS Consulting provides above mentioned services as well.
Package 3: Subsidiary Company Registration With Local Nominee Director
- Minimum paid-up capital SGD1
- At least one local/resident director
- At least one shareholder
- At least one company secretary
- A local registered office address
- Overview of Package
- Details of Process
- Documents/information required
- FAQ
The details of package are as follows:Please note that the price offered is inclusive of all taxes and government fees, and there are no hidden costs involved.
| Description of Services Offered | Amount of Fees (SGD) |
|---|---|
Company Incorporation
|
850 |
| Nominee local director for one year | 1,800 |
| Company secretary for one year | 600 |
| Company registered office address for one year | 360 |
| Bank account opening assistance | FREE |
| *All prices exclusive of 7% GST (Goods and Services Tax) TOTAL FEES | 3,610 |
| LESS: DISCOUNT FOR COMBO PACKAGE | -160 |
| NET FEES PAYABLE TO SBS Consulting | 3,450 |
- E-mail to SBS – Please e-mail to us on info@sbsgroup.com.sg and inform us you would like to proceed with our PACKAGE NO 3 with your contact details. Upon receipt of e-mail , we will send you a spread sheet (known as “RUN BOOK”) and Know-your-client (known as “KYC”) which need to fill up with all details and listing of documents required for incorporation and will contact to you to advice about next steps.
- Provide documents/information’s required for incorporation – You need to fill up all the details in the run book such as proposed names, details of shareholders, directors , details of principal activities, details of share capital and financial year end etc & KYC form and need to send us through e-mail so that we will prepare incorporation documents.
- Prepare Subsidiary Company Incorporation documents – Upon receipt of above documents, we will prepare the necessary documents and send to you through e-mail with our formal invoice. If you are in Singapore, we will arrange a meeting with you at our office.
- Incorporation & Registration Fees Payment – To proceed for incorporation, you need to send us duly signed original incorporation documents with our fees full in advance. Please be informed that we accept bank transfer, local cheques and cash.
- Incorporate Subsidiary company – Upon receipt of duly signed originals incorporation documents with our fees, we will proceed to incorporate company with ACRA on same day. Upon incorporation, we will send you an e-mail with business profile of the company which states full details of company such as Registration number, date of registration, principal activities, details of shareholders/directors/secretary, no and amount of share capital etc.
- Prepare Registers, Order the Company Seal and Certificate of Incorporation – On the same day of company incorporation, we will order the company seal and certificate of incorporation (hard copy). Upon receipt of seal and certificate, we will prepare all incorporation documents with registration number, issue share certificates and prepare company statutory registers. We will also send you all the signed documents through an e-mail for your record.
- Assistance in Opening Bank Account – Upon incorporation, we will arrange a meeting with the bank officers to open bank account whenever you visit Singapore, as per your convenience.
- Post Incorporation Services – We will keep records of your company’s first financial year-end. We will also inform you about all the compliance matters with due dates every year, in the first week of year following the date of financial year-end. As you are incorporating a company with SBS, SBS will provide you with a contact person as the person-in-charge for your company’s matters, so that, you can call on him anytime, for any help or assistance in any future matters.
- For all LOCAL directors/shareholders/secretaries- A copy of Singapore IC
- For all FOREIGN directors/shareholders:
a. Copy of passport b. Copy of proof-of-residence such as a utility bill, a residential phone bill, a tax bill, a bank statement and etc (not older than 3 months) c. Personal bank reference letters for at least one director and the shareholder who holds the majority of shares
- For corporate shareholder
a. Copy of certificate of incorporation b. Latest extract of company’s particulars from Registrars of Companies who can show all details of directors/shareholders/share capital/principal activities etc. c. Copy of constitution of the company d. A board resolution approving the incorporation of the Singapore company and the proposed shareholding
- Completed and signed our KYC form
- Completed our RUN BOOK
Information required
- Names for the proposed company (At least three names in a prioritized list)
- Details of share capital, such as, quantity of share capital, amount of share capital, currency denomination, amount of paid-up share capital
- Details of principal activities
- Details of company’s first financial year-end
(You can call on to us and we will advice you about the most suitable and advantageous year-end for your company.)
Yes, it is possible. However, you will need to do two things. First, incorporate a subsidiary company in Singapore. Appoint any of your trusted contacts or you can avail of our resident nominee director service, to comply with Singapore companies’ statutory requirements.
Can a foreign parent company own 100% of the subsidiary?
Yes, a foreign company can hold 100% ownership of a subsidiary company in Singapore.
Is a subsidiary company eligible for availing local tax incentives?
Yes, a subsidiary company, with one individual shareholder who holds a minimum of 10 percent shareholding, is entitled to local tax incentives.
Please be informed that SBS Consulting provides above mentioned services as well.
Package 4: Subsidiary Company Registration With Employment Pass
- Minimum paid-up capital SGD1
- At least one local/resident director
- At least one shareholder
- At least one company secretary
- A local registered office address
As per Ministry of Manpower Guidelines, to apply Employment pass to start a Singapore subsidiary. the requirement are as follows:
- At least SGD3,000 fixed monthly salary
- Acceptable educational qualifications
- Professional qualifications and relevant experience
- Specialist skills
- Overview of Package
- Details of process
- Documents/information required
- FAQ
The details of package are as follows: Please note that the price offered is inclusive of all taxes and government fees, and there are no hidden costs involved.
| Description of Services Offered | Amount of Fees (SGD) |
|---|---|
Company Incorporation
|
850 |
| Nominee local director for 2 months | 600 |
| Employment Pass (EP) application filling for 1 applicant | 900 |
| Company secretary for one year | 600 |
| Company registered office address for one year | 360 |
| Bank account opening assistance | FREE |
| *All prices exclusive of 7% GST (Goods and Services Tax) TOTAL FEES | 3,310 |
| LESS: DISCOUNT FOR COMBO PACKAGE | -110 |
| NET FEES PAYABLE TO SBS Consulting | 3,200 |
- E-mail to SBS – Please e-mail to us on info@sbsgroup.com.sg and inform us you would like to proceed with our PACKAGE NO 4 with your contact details. Upon receipt of e-mail , we will send you a spread sheet (known as “RUN BOOK”) and Know-your-client (known as “KYC”) which need to fill up with all details and listing of documents required for incorporation and will contact to you to advice about next steps.
- Provide documents/information’s required for incorporation – You need to fill up all the details in the run book such as proposed names, details of shareholders, directors , details of principal activities, details of share capital and financial year end etc & KYC form and need to send us through e-mail so that we will prepare incorporation documents.
- Prepare Subsidiary Company Incorporation documents – Upon receipt of above documents, we will prepare the necessary documents and send to you through e-mail with our formal invoice. If you are in Singapore, we will arrange a meeting with you at our office.
- Incorporation & Registration Fees Payment – To proceed for incorporation, you need to send us duly signed original incorporation documents with our fees full in advance. Please be informed that we accept bank transfer, local cheques and cash.
- Incorporate Subsidiary company – Upon receipt of duly signed originals incorporation documents with our fees, we will proceed to incorporate company with ACRA on same day. Upon incorporation, we will send you an e-mail with business profile of the company which states full details of company such as Registration number, date of registration, principal activities, details of shareholders/directors/secretary, no and amount of share capital etc.
- Prepare Registers, Order the Company Seal and Certificate of Incorporation – On the same day of company incorporation, we will order the company seal and certificate of incorporation (hard copy). Upon receipt of seal and certificate, we will prepare all incorporation documents with registration number, issue share certificates and prepare company statutory registers. We will also send you all the signed documents through an e-mail for your record.
- Assistance in Opening Bank Account – Upon incorporation, we will arrange a meeting with the bank officers to open bank account whenever you visit Singapore, as per your convenience.
- Post Incorporation Services – We will keep records of your company’s first financial year-end. We will also inform you about all the compliance matters with due dates every year, in the first week of year following the date of financial year-end. As you are incorporating a company with SBS, SBS will provide you with a contact person as the person-in-charge for your company’s matters, so that, you can call on him anytime, for any help or assistance in any future matters.
- For all LOCAL directors/shareholders/secretaries- A copy of Singapore IC
- For all FOREIGN directors/shareholders:
a. Copy of passport b. Copy of proof-of-residence such as a utility bill, a residential phone bill, a tax bill, a bank statement and etc (not older than 3 months) c. Personal bank reference letters for at least one director and the shareholder who holds the majority of shares
- For corporate shareholder
a. Copy of certificate of incorporation b. Latest extract of company’s particulars from Registrars of Companies who can show all details of directors/shareholders/share capital/principal activities etc. c. Copy of constitution of the company d. A board resolution approving the incorporation of the Singapore company and the proposed shareholding
- Completed and signed our KYC form
- Completed our RUN BOOK
Information required
- Names for the proposed company (At least three names in a prioritized list)
- Details of share capital, such as, quantity of share capital, amount of share capital, currency denomination, amount of paid-up share capital
- Details of principal activities
- Details of company’s first financial year-end
(You can call on to us and we will advice you about the most suitable and advantageous year-end for your company.)
Yes, you can. First, you need to incorporate the subsidiary in Singapore, and then you can apply for the employment pass of the staff member who is going to relocate to Singapore. However, be sure that you incorporate the company first, as the application for employment pass can only be filed after the registration of the subsidiary company.
What type of business, will my subsidiary be?
A foreign Subsidiary Company in Singapore is normally incorporated as Limited Liability Company. The shares of which are held by the foreign company. It is a distinct legal entity.
Please be informed that SBS Consulting provides above mentioned services as well.
Package 5: Representative Office Registration With EMPLOYMENT PASS
- Sales turnover must be US$250,000
- No of established year at least 3 years
- Proposed no of staff of Representative office must be less than 5
- Overview of package
- Details of process
- Documents/information required
- FAQ
The details of package are as follows:Please note that the price offered is inclusive of all taxes and government fees, and there are no hidden costs involved.
| Description of Services Offered | Amount of Fees (SGD) |
|---|---|
| Representative office registration | 850 |
| Employment Pass (EP) application filling for 1 applicant | 900 |
| Registered office address for one year | 360 |
| Bank account opening assistance | FREE |
| *All prices exclusive of 7% GST (Goods and Services Tax) TOTAL FEES | 2,110 |
| LESS: DISCOUNT FOR COMBO PACKAGE | -110 |
| NET FEES PAYABLE TO SBS Consulting | 2,000 |
- E-mail to SBS – Please e-mail to us on info@sbsgroup.com.sg and inform us that you would like to proceed with our PACKAGE NO 5 with your contact details. Upon receipt of e-mail , we will send you a spread sheet (known as “RUN BOOK”) and Know-your-client (known as “KYC”) which need to fill up with all details and listing of documents required for incorporation and will contact to you to advice about next steps.
Information required
For registering a Singapore representative office, the foreign entity must have a sales turnover of more than US$250,000. The foreign entity must be in existence for more than 3 years and the staff proposed for the Singapore representative office should be less than five.
What will be taxation regime for the Singapore representative office?
Since a Singapore representative office is not going indulge in any revenue-generating activities, there is no need for it to file its tax returns. Nevertheless, the income imparted to the staff in this representative office will be subjected to Singapore’s personal income tax.
How do I go about acquiring an employment pass for the staff that is going to relocate to Singapore?
You can only apply for an employment pass only after you have successfully registered your Singapore registration office. After you get the employment pass for the staff, they can relocate to Singapore.
Please be informed that SBS Consulting provides above mentioned services as well.
Package 6: Singapore Company Incorporation Package
The package is for the benefit of Singapore Residents opting to incorporate a private limited company. They do not require the resident director service or apply and acquire a work pass. They can act as the resident directors of their businesses.
- Overview of package
- Details of process
- Documents/information Required
- FAQ
The basic company incorporation package includes the following services.
|
Singapore Company Incorporation |
Amount of Fees (SGD) |
|
699 |
|
Company secretary for First year |
FREE |
|
Company registered office address for First year |
FREE |
|
Subtotal |
699 |
|
Discount |
|
|
*All prices exclusive of 7% GST (Goods and Services Tax) Total Fees |
699 |
Following are the processes and the steps covered by this package:
Step 1: Submit Your Request
Complete the online form and click on the “Register/Start Now” button presented above to intimate us that you want to use this package to incorporate your company. After communication of your request, one of our senior executive will get in touch with you. You can put your queries, if you have any, to the executive who from now onwards will guide you.
Step 2: Provide us With the Details of Company Incorporation
We will present you with a link to an online form. You have to fill it and give us your incorporation details, which include the name of the proposed company, details of shareholder and directors, etc. Fill the form and submit it to us.
Upon receipt of the details, we will prepare the incorporation documents for your company.
Step 3: Payment for Our Services
After receiving the completed incorporation details form, we will present you with an invoice for our services. If you want us to proceed with the incorporation, you will need to make payment as per our invoice to you. We accept local cheque, bank transfer, cash, or credit cards.
Step 4: Prepare Company Incorporation Documents
Upon receipt of the payment, we will put together the incorporation documents and email them to you for signing. You can visit our office and sign the documents in person.
Step 5: Incorporate Company
Upon receipt of your duly signed incorporation and supporting documents, we will initiate steps to incorporate the company with Registry of Companies i.e. Accounting and Corporate Regulatory Authority of Singapore (ACRA).
Step 6: Open Bank Account
Upon successful registration of the company with ACRA, we will assist you with the opening of a corporate bank account for the newly incorporated Singapore Company.
You need to submit the following documents to us.
Each Singapore resident individual shareholder and director must submit:
- Copy of Singapore IC; and
- Copy of passport, if the individual is not a Singapore citizen
Documents required for the compliance purposes:
-> Completed Know-Your-Client (KYC) form in addition to the resume / CV and passport
Important:
- Following ACRA’s recommendations, all documents must be in English or officially translated in English.
- Submitted copies of all the documents must be certified true copies by a notary public or you must carry the original documents to our office for sighting.
- If you are out of Singapore, you can email us the scanned copies of documents enabling us to start with preparing the required incorporation documents. However, you must submit the certified true copies (or sight the original documents at our office) before we can proceed to incorporate your company.
- If it is required, our compliance department may request for additional information.
Who can set up a Singapore company?
Singapore citizens, permanent residents, and foreigners prepared to relocate to Singapore and manage their own company can register a Singapore company.
What is the minimum amount of paid-up capital for the Singapore incorporation?
For Singapore citizens and the permanent residents, the amount of the minimum initial paid-up capital is S$1.
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