Incorporation, limited time Nominee Director Service, 1 year secretary, 1 year address service in included in this price. Government fees are also covered. No extra / Hidden Charges. This package is for clients who wish to incorporate Company and plan to apply for an employment pass and relocate to Singapore as a Director of the company. If you plan to operate company from overseas then there is another package FP1.
The charges from 2nd year will depend on what services you take from us. If you have relocated on employment pass then obviously you don’t need a Nominee Director from us. Typical services required will be Company Secretary, ACRA filing, IRAS filing and address services. So the cost will really depend on what services you avail.
No. There is no compulsion to do so. You can engage our services or if you have accountant you can get it prepared from your team. However our team will review bank statements and ledgers in detail before filing, to ensure company is in good standing.
We don’t charge any deposit for nominee Director service.
We will proceed to file your employment pass. Once the pass is approved and you have relocated to Singapore, you can proceed to opening the bank account. If there is urgency for bank account opening then we can arrange your virtual meeting with the banker also.
The price is nett price. This is what most of the clients pay us. No extra / Hidden charges. No lock in commitments.
Filing of your company’s Annual Return with ACRA, and filing of tax return will include on 2nd year services that you take from us.
Since early 2021, for newly registered companies, Ministry of manpower asks lot of details before approving Employment Pass. In our experience it is best to provide a business plan explaining all aspects of your business, so that approval is easy. We have a ready template, If you are engaging our services, we will gather all these essential details and file it in a business plan format with the Ministry Of Manpower at the time of filing of your EP.
Complete remote incorporation with remote bank account opening is possible. All the processes can be completed online.
While we make best efforts to secure your employment pass, please be aware the final decision is by the Ministry of Manpower Singapore.
If you plan to run your business remotely from your home country then please select this option. In this case, you will need Nominee Director service on an annual basis.
If you plan to apply for Employment Pass after company incorporation and relocate to Singapore then, please select this option. In this case, we will file your employment pass, after the company is incorporated.
Working with us is easy. Once you confirm you are engaging our services, Our team will start the work and help you at every possible step.
Broadly the steps involved are as follows:
Submit scanned copies of all the required documents like passport copies, proof of address and KYC form. Once received our team will go through this and confirm all ok.
In the next step we will verify the identity and conduct a zoom call with you. After the call, incorporation documents will be prepared and send it to you for signing via e-signature software. You can sign the documents from the comfort of your home. There is no need to travel to Singapore.
Once all documents are electronically signed, our team will proceed with the incorporation of the company. After the incorporation, relevant post incorporation documents will be emailed to you.
After the incorporation, we will introduce you to the bank representative. Who will help you with remote bank account opening. Depending on your choice it can be a neobank or a traditional bank. Now a days most of the banks do not have any minimum deposit. However it is best to check with the respective banks.
Employment pass will be filed in this step.
1 Day Depending on your convenience.
1-2 Days depending on your schedule
Depends on each bank. Neobanks – 2-4 days. Traditional banks 4-5 weeks.
Employment Pass Processing Time - 4-6 Weeks
Provide following documents for each Director, Shareholder and Ultimate Beneficial Owner (UBO) of the proposed company. You will need to carry original documents during your visit for verification:
If your proposed company will have Corporate entity as shareholder then the following details will be required:
Once you have submitted all the required documents and the KYC process is done, the company can be incorporated in 1 Day.
We work with all major banks in Singapore. OCBC, UOB and DBS are the most common. We also work with Maybank, UOB, Citibank etc. Keep in mind that all of them are not opening bank account remotely. Also there are now many noebanks like Aspire, revolute etc which are suitable for small businesses. We work with all of them.
No. Our Nominee Local Director will not meddle in the operations of the company.
You will need to appoint your own director to take care of all administrative and day to day operations aspects. At the time of availing nominee Director services an agreement will be signed to confirm that you are in charge of the day to day operations of the company. As such you take full responsibility of all operations in the company.
However as per companies act Section 157, Nominee Director is still responsible to ensure the company is being operated in a safe and legally compliance manner. So nominee will periodically like to enquire into the affairs of the company and nature of transactions passing through it.
No. You do not have to pay any salary to the Nominee Director form your Company Registration Singapore. You only pay our annual Nominee Director service fee. We take care of all the salaries to the Nominee Director.
If you are listed as a shareholder of the Singapore company, then you are eligible to apply for the employment pass (Note its not a right to get as you have asked in the question). Approval of employment pass is decided by the ministry of manpower Singapore.
Chances of Employment Pass getting approved depend primarily on two factors:
In case your employment pass application is rejected we will make an appeal to the Ministry of Manpower and make representation to them for your case. As of today, we have experienced 90% + Success rate. Still, after this your employment is rejected then you can either engage our nominee Director service and continue operating your company from overseas.
Our packages are comprehensive. The price covers everything required.
Our service team has many years of experience. we will guide and assist you throughout your engagement.
We take pride in the quality of services we provide. Check our testimonial section to see what our clients speak about us.
Our pricing is available on our website. There are no hidden costs.
No long term contract, no commitments. If you don’t like our services you are free to change anytime.
We are very straightforward with our approach. If something in your plan is not likely to work out we will be frank to tell you so.