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Epica FAQ Series

Do I need to file the Estimated Chargeable Income for my dormant company?

IRAS Compliance

Do I need to file the Estimated Chargeable Income for my dormant company?

Why name referral may happens in case of a Singapore Company Registration?


Filings of Income Tax Returns (ITR) and Estimated Chargeable Income (ECI) are mandatory even if a company is dormant. Even when you estimate your company’s ECI to be zero, it is compulsory to submit a “NIL” ECI.

You can also apply for a waiver of Income Tax Return Submission in case you believe that your dormant company is not going to conduct any business for the next two years. Once IRAS granted the waiver, you are no longer required to file ITR and ECI for your dormant company.

Foreigner Package

New Company Setup

S$2,600
S$4,000

Local Package

New Company Setup

S$1,100
S$1,700

Transfer Package

Existing Company

S$1,000
S$1,500

Singapore Branch

New Branch Setup

S$4,000
S$5,000

Representative Office

New Setup

S$2,500
S$3,000

BVI Company

Singapore Bank Account

US$2,200
US$3,000

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