Company Incorporation for Foreigners in Singapore
Company Incorporation for Foreigners in Singapore Package
Company Incorporation for Foreigners in Singapore
Company Incorporation Singapore for
Foreign Individuals or Foreign Companies
S$ 2900
Interested?Above Pricing Explained
What is covered in 1st Year Cost?
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.
What is 2nd year cost? - ( It is S$ 2900)
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.
Must you do accounting through us?
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.
Remote Incorporation Due to Coronavirus Situation
Currently we are offering a complete remote incorporation and bank account opening services. Regarding Bank Account – you have two options. You can open account with neobanks like Aspire, Revolute or Transferwise. This is a much easier process. In Traditional banks, OCBC, UOB are opening the bank accounts remotely. But the process will take longer time.
Watch this Video for all Questions
22 Commonly asked questions about Singapore Company Incorporation are answered here.
Epica is Founded by an Indian Chartered Accountant. (Vaibhav Joshi Who is originally from Mumbai)
The founder of Epica who is settled in Singapore for many years now, is an Indian Chartered Accountant and also qualified to act as a Company Secretary of Singapore Companies.
Vaibhav Completed his chartered accountancy from India and settled in Singapore since 2000 or so.
If you are an Indian client, then you will find it extremely easy to work with our Company.
What is Included in this Company Incorporation for Foreigners Package in Singapore?
This Package covers all legal requirements to incorporate a company in Singapore for foreign individuals and foreign companies. The following services are included:Company Incorporation for Foreigners
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.
Bank Account Assistance
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
Company Secretary service for 1 year is included in the package. Singapore company law mandates every company to appoint a local company secretary.
Nominee Director
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.
Employment Pass
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.
Registered Address
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 Company Formation Singapore for your company. Important correspondence, in this case, will be received at our office.
Annual Return Filing
Filing of your company’s Annual Return with ACRA.
Advisory
One hour free advisory on any matters relating to your company or on matters like GST, CPF, Licensing etc.
Optional Phone number with your Singapore Company Registration
Price 300 SGD per year
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.
Access from anywhere
6 series Singapore number
50 minutes monthly outgoing
Unlimited incoming calls
Retain Number
Submit Your Inquiry for Company Incorporation for Foreigners in Singapore
Choose An Option
Nominee Director Option
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.
Employment Pass Option
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.
in both these options the cost of the services is same for your Company Formation Singapore. However the services offered change from Nominee Director to Employment Pass Processing.
Incorporation Procedure and Timeline for Company Incorporation for Foreigners in Singapore
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:
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Submit Documents For Company Incorporation for Foreigners in Singapore
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.
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Company Name Reservation
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.
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Visit Singapore / Remote Incorporation
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.
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Company Incorporation in Singapore
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 Company Formation Singapore is completely online.
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Meeting with the bankers For Company Incorporation Singapore
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.
Process Timeline
Document Submission
1-2 Weeks depending on your convenience
Incorporation & Meeting with the banker
During 3 days visit to Singapore
Bank Account opened
Bank takes 3 weeks. We will courier you all documents
Employment Pass application
3 weeks
Required Documents for Company Incorporation for Foreigners in Singapore
The following supporting documents will be required from you when incorporating your company. Note that all documents must be in English or translated into English.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:
Frequently Asked Questions about Company Incorporation for Foreigners in Singapore
Answers to some common questionsHow long does it take for Company Incorporation for Foreigners in Singapore?
Once you have submitted all the required documents and the KYC process is done, the company can be incorporated in 1-3 hours.
Which banks typically do you work with?
We work with all major banks in Singapore. OCBC and DBS are the most common. We also work with Maybank, UOB, Citibank etc.
Will your Nominee Director be involved in my company operations?
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.
Will I need to pay salary to the Nominee Director?
No. You do not have to pay any salary to the Nominee Director form your Company Formation Singapore. You only pay our annual Nominee Director service fee. We take care of all the salaries to the Nominee Director.
Do I have a right to get an Employment Pass if I am a shareholder of the company?
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 Company Formation Singapore, contact us for a further advise.
What are the chances of Employment Pass approval?
Chances of Employment Pass getting approved depend primarily on two factors:
If you are planning to apply for your employment pass alongwith Company Formation Singapore then please get in touch with us for a further advise.
What happens if my Employment Pass is rejected by the authorities?
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.
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Why Engage Us
Everything you need to get started, for one fixed price.Comprehensive Packages
Our packages are comprehensive. The price covers everything required.
Expert Team
Our service team has many years of experience. we will guide and assist you throughout your engagement.
Quality Service
We take pride in the quality of services we provide. Check our testimonial section to see what our clients speak about us.
Transparent pricing
Our pricing is available on our website. There are no hidden costs.
Satisfaction Guaranteed
No long term contract, no commitments. If you don’t like our services you are free to change anytime.
Straightforward Approach
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.
