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Set Up a Business in Singapore

Set Up a Business in Singapore. Foreigner Package

Set Up a Business in Singapore

Set Up a Business in Singapore
Foreign Individuals or Foreign Companies

S$2,600

Interested?

Remote Incorporation Due to Coronavirus Situation

Currently we are offering a complete remote incorporation and bank account opening services. Notarised documents from your home country will need to be provided to the Bank. Banks in Singapore are allowing remote Bank Account opening in this exceptional situation only.

Watch this Video for all Questions

22 Commonly asked questions about Singapore Company Incorporation are answered here.

Indian Business Man

Epica is Founded by an Indian Chartered Accountant

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.

If you are an Indian client, then you will find it extremely easy to work with our Company.

What is Included in this package to Set Up a Business in Singapore?

This Package covers all legal requirements to Start a Business in Singapore for foreign individuals and foreign companies. The following services are included:

Set Up a Business in Singapore

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 Registration Services 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

Free Phone Number with Your Singapore Company Registration

Submit Your Inquiry to Set Up a Business 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 Registration Services Singapore. However the services offered change from Nominee Director to Employment Pass Processing.

Incorporation Procedure and Timeline to Set Up a Business 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:

  • 1

    Submit Documents required to Set Up a Business 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.

  • 2

    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.

  • 3

    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.

  • 4

    Set Up a Business 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 Registration Services Singapore is completely online.

  • 5

    Meeting with the bankers For opening a Bank Account

    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

Steps in Company Registration Services Singapore

Required Documents to Set Up a Business 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:

  1. Copy of the passport particulars page
  2. NRIC copy for Singapore citizens and PRs (or FIN card for Singapore Employment Pass Holders)
  3. Proof of address (for example, a driver’s license, a recent utility bill, Aadhar Card for Indians). Must show the address clearly.
  4. KYC form and Company Registration form filled

If your proposed company will have Corporate entity as shareholder then the following details will be required:

  1. Certificate of Registration issued by the Company Registrar of your country
  2. Company Extract that shows:
    • Company’s name, identity number, registered address and principal business activities
    • Capital (Paid-up, issued, authorized) of the company
    • Details of Shareholders and Directors
  3. Board Resolution on company letterhead confirming:
    • The decision of the company to buy shares in the proposed new Singapore Company
    • Confirming the person who is authorised to sign documents on behalf of the parent company
  4. Ownership structure chart or information that identifies the key UBOs -upto 75% shareholding of the company. For each key UBO, we will need the documents as listed under the Individuals section.

Frequently Asked Questions about Setting Up a Business in Singapore

Answers to some common questions

How long does it take to Set Up a Business 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 Registration Services 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 Registration Services 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:

  1. Applicant qualifications, work background and the proposed salary
  2. Amount of investment being done in the company (i.e. paid-up capital)

If you are planning to apply for your employment pass alongwith Company Registration Services 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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Epica Consulting+ Singapore Company Registration

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.

Accreditations and Partners

  • ACRA
  • ISCA
  • MOM
  • IRAS
  • AWS
  • XERO
  • STRIPE
  • DOCUSIGN
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