Epica FAQ Series
Should I comply with the IRAS (Inland Revenue Authority of Singapore)?
IRAS Compliance
All the Private Limited Companies in Singapore have to comply with the IRAS (Inland Revenue Authority of Singapore). Annual filings are mandatory for all companies, including dormant companies.
If you fail to remain compliant with IRAS, you may face a penalty or even a court prosecution.
IRAS is a government authority for tax collection, just like in your home country you pay taxes on the business income you are required to do so in Singapore.
Foreigner Package
New Company Setup
S$2,600
Local Package
New Company Setup
S$1,100
Transfer Package
Existing Company
S$1,000
Singapore Branch
New Branch Setup
S$4,000
Representative Office
New Setup
S$2,500
BVI Company
Singapore Bank Account
US$2,200
