Singapore company with a bank account starting from 6920 USD

Tax benefits like low rates of corporate income tax  8,5-17% and personal income tax rate: 0-22%, tax-free dividends, no tax on capital gains, reduced withholding tax on foreign-sourced income; connected marketplace with strong international network of Agreements: 74 DTAs (Double Tax Agreements), 41 IGAs (Investment Guarantee Agreements), 26 FTA/EPAs (Free Trade Agreement/ Economic Partnership Agreement); excellent  logistics infrastructure and many more advantages makes Singapore one of world’s easiest places to do business. 

Singapore is a premier financial and IP development center with attractive financial ecosystem allowing access to low-cost finance, and to the largest corporate banking center in Asia with over 160 banks.

Advantages of Singapore Company

It is not necessary to rent a physical office to register a company in Singapore. Singapore Company formation only requires a minimum of one shareholder, one resident director is required, one Singapore company secretary, a local address and a share capital of $1. The accounting of Singaporean companies must be presented to the Singaporean Accounting and Corporate Regulatory Authority (ACRA) for the first time no later than 18 months after company formation, then every 12 months. An exemption from the compulsory audit can be granted depending on the revenue of the company, if the company’s turnover is less than 10 million Singaporean dollars, the company does not have to conduct an annual audit, instead, as a less expensive solution, the accountant can also prepare a simplified declaration. 

Our experts offer clients a unique discounted package as follows:

Total: USD 15 500   USD 14 200

Note:

Nominee directorships included as well as one time security deposit of US$2000 (refundable).

Annual secretarial fee (including the registered address) included. The fee including the routine Annual Filing (excluding government filing fees), AGM documents preparation and all standard resolutions. The quoted fee does not cover share related changes and any exercise that required EGM.

Accounting, Compilation report, GST reporting, taxation, XBRL format financial statement for filing with ACRA are not included.

The documents you will receive are:

After the registration is completed, we will work with several banks in order to get pre-approval for your business. The choice of the bank depends on the needs and activity of your future corporation, so we will get a professional consultation from a banking specialist of our company in order to choose the most suitable option.

Documents required to open a company in Singapore:

Note:

The Singapore company will be opened within 3-7 business days after all requested documents are provided and payment received.

Services and fees

Incorporation fee: USD600 (including all the government fees and disbursement)

Bank account opening in Singapore: USD400

Annual secretary fee (including registered address): USD60/month to be billed annually*

Nominee directors: USD1,800 + one-time security deposit of USD2 000 (refundable)

Accounting: From USD500 to USD800 (yearly with no more than 100 transactions)

Compilation report: From USD400 to USD800

GST reporting: From USD200 (quarterly)

Taxation: From USD300 (yearly)

XBRL formal financial statement for filing with ACRA: USD200

Audit: Depends on the complexity of the account

*The fee including the routine annual filing (excluding government filing fees), AGM documents preparation, and all standard resolutions. The quoted fee does not cover share-related changes or any exercise that required EGM.

Total: USD14 200

Contact us and establish your Singaporean company at a special price today.