Business Formation in Singapore for Foreigners
Incorporation, 1 year Nominee Director, 1 year secretary, 1 year address service in included in this price. Government fees are also covered. No extra / Hidden Charges.
The charges from 2nd year are same as for first year. It covers 1 year Nominee Director, 1 year secretary, 1 year address service, AR filing with ACRA, Tax filing with IRAS and preparation of statements in Singapore format is included in this price. Government filing fees are also covered. No extra / Hidden Charges.
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 manage all the paperwork and aspects relating to the registration of your company in Singapore. We are authorized by ACRA to act as a filing agent. We get special access to the ACRA system to complete the registration on behalf of foreign clients.
Immediately after incorporation, we will arrange your meeting with a leading Singapore based bank. In most of the cases the bank representative will visit our office.
Company Secretary service for 1 year is included in the package. Singapore company law mandates every company to appoint a local company secretary.
Every company in Singapore must have a resident director. Since you are a foreigner, we can provide you a resident director with your Company Registration in Singapore. Fees for nominee Director is included in this package.
As an alternative option, you may choose to apply for your employment pass. If this the option you have chosen then we will arrange to file your employment pass application with the ministry of manpower.
Every Singapore entity must have a local registered address in Singapore. Since as a foreigner you are not likely to have an office address, we will provide our office address at the time of Business Startup in Singapore for your company. Important correspondence, in this case, will be received at our office.
Filing of your company’s Annual Return with ACRA.
One hour free advisory on any matters relating to your company or on matters like GST, CPF, Licensing etc.
Every company needs a dedicated telephone number for communicating with customers. As a bonus we are offering a dedicated Singapore Telephone number for every company in this package at a discounted price.
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, KYC form and Company registration form. Once received our team will go through this and confirm all ok.
We will reserve the company name chosen by you. In case the name is not available, you will need to give us an alternative name.
After this, you will need to plan your visit to Singapore. It is possible to incorporate the company remotely without a visit, however for bank account opening a personal visit is anyway required. So we recommend doing incorporation and bank account opening in the same visit.
On the first day, you will visit our office to sign all the incorporation forms. The company will get incorporate the same day. Usually, company incorporation take 2-3 hours as the Business Startup in Singapore is completely online.
On the second day, we will arrange your visit with the bank representative to open the account for your newly incorporated company. Please note you will need to carry an extra 3000 SGD as an initial deposit for the bank account opening.
1-2 Weeks depending on your convenience
During 3 days visit to Singapore
Bank takes 3 weeks. We will courier you all documents
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 1-3 hours.
We work with all major banks in Singapore. OCBC and DBS are the most common. We also work with Maybank, UOB, Citibank etc.
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.
No. You do not have to pay any salary to the Nominee Director form your Business Startup in 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.
If you plan to apply for Employment Pass with Business Startup in Singapore, contact us for a further advise.
Chances of Employment Pass getting approved depend primarily on two factors:
If you are planning to apply for your employment pass alongwith Business Startup in Singapore then please get in touch with us for a further advise.
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 or proceed for strike off of the company.
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.