CORPORATE SERVICE PACKAGES

COMPANY INCORPORATION SERVICES

Why start a business in Singapore?

Singapore is a small nation in Asia with a state-of-the-art infrastructure, free market economy, a stable socio-political environment and an attractive tax regime for setting up a company. To operate a Business in Singapore, you must first formally register with the Accounting and Corporate Regulatory Authority (ACRA). At OfficeM, we provide you with affordable and quality Corporate Services with preferential rates and access to an experienced team of 10 who will make sure that all your records and obligations are in good order.

You may register a Private Limited Company, Sole Proprietorship or Limited Liability Partnership in Singapore. In general, most entrepreneurs register a Private Limited company due to its scalability, limited liability protection and corporate tax benefits for the first 3 years of assessment. Do feel free to contact our Service Consultants on matters relating to incorporating a business in Singapore.

The minimum requirement to incorporate a company in Singapore:

  • At least 1 shareholder (100% Foreign shareholding is permitted and the shareholder can be either an individual or a corporate entity)
  • At least one local resident director (This can be a Singapore Citizen or Singapore Permanent Resident)
  • At least 1 local resident company secretary
  • Minimum initial paid-up share capital of S$1.00
  • A local registered address

Company Incorporation Packages (Local Entrepreneurs)

These packages are for local entrepreneurs or foreign entrepreneurs with a local resident director

BIZ BASIC

S$380

  • ACRA Government Fee S$315
  • Company Name Application
  • Company Business Profile
  • Company Constitution
  • 1 x Local Individual

BIZ STANDARD

S$628

  • ACRA Government Fee S$315
  • Company Name Application
  • Company Business Profile
  • Company Constitution
  • Mobile Banker
  • 1 Year Company Secretarial Services
  • Email Notifications of Government Filing Deadlines
  • Prepare Minutes for Annual General Meeting
  • Free Self-Inking Round Stamp
  • Shared Fax Service
  • 30 Days Payboy Trial (MOM Compliant HR Software)

BIZ PREMIUM

S$668

  • All Items in Biz Standard Package
  • 18 Months Company Secretarial Service
  • 18 Months Company Registered Mailing Address (Add on $100, Usual S$162)
  • Email Notifications of Incoming Mails
  • 30 Days Payboy Trial (MOM Compliant HR Software)
  • Free 2 Hours Use of Meeting Room (Worth S$60)
  • Rare Golden Unit Number #33-03 for your Business Address

BIZ PROFESSIONAL

S$2480

  • All Items in Biz Premium Package
  • Annual Accounting Services
    Up to 200 Transactions Per Year
    Additional 50 transactions at S$120
  • Compilation of Unaudited Financial Statements(Company Level)
  • Annual Tax Filing (Form C/C-S) & excludes XBRL Filing
  • Free 2 Hours Use of Meeting Room (Worth S$60)
  • Rare Golden Unit Number #33-03 for your Business Address

Company Incorporation Packages (Foreign Entrepreneur)

These packages are for foreign entrepreneurs without a local resident director and require Nominee Director Service. You do not need to pay for the annual Nominee Director Service once you have obtained an Employment Pass or when you appoint your own local resident director.

Foreign Entrepreneur who wish to work and live in Singapore can apply for an Employment Pass from the Ministry of Manpower after a few months upon incorporating your company. Application is opened to all nationalities who meet the following requirements:

  • Work in a managerial, executive or specialised position
  • Have a professional qualification, specialised skill or a good university degree
  • Monthly salary of at least S$3,600

Application is subjected to approval. Those who are successful in their application can also apply for Dependant Pass for their family to live in Singapore. We can assist you in applying for the Pass with the BizPlus 2 Package.

BIZ PLUS 1

S$2600

  • ACRA Government Fee S$315
  • Company Name Application
  • Company Business Profile
  • Company Constitution
  • Mobile Banker
  • 1 Year of Company Secretarial Services
  • 1 Year of Nominee Director Service
  • 1 Year Company Registered Address
  • Shared Fax Service
  • Email Notifications of Government Filing Deadlines
  • Preparation of Minutes for Annual General Meeting
  • Free Self-Inking Round Stamp
  • Refundable Security Deposit S$2,000 Applies
  • Free 2 Hours Use of Meeting Room
  • Rare Golden Unit Number #33-03 for your Business Address

BIZ PLUS 2 (With Employment Pass)

S$3800

  • ACRA Government Fee S$315
  • Company Name Application
  • Company Business Profile
  • Company Constitution
  • Mobile Banker
  • 1 Year of Company Secretarial Services
  • 1 Year of Nominee Director Service
  • 1 Year Company Registered Address
  • Shared Fax Service
  • Email Notifications of Government Filing Deadlines
  • Preparation of Minutes for Annual General Meeting
  • Free Self-Inking Round Stamp
  • Refundable Security Deposit of S$2,000 Applies
  • Employment Pass Application (Up to 2 Attempts)
  • Free 2 Hours Use of Meeting Room
  • Rare Golden Unit Number #33-03 for your Business Address

BIZ PLUS 3 (With Government Filing)

S$4600

  • All Items in Biz Plus 1
  • Annual Accounting Services
    Up to 360 Transactions Per Year
    Additional 50 transactions at S$120
  • Compilation of Unaudited Financial Statements
  • Annual Tax Filing (Form C/C-S)
  • Optional: S$1200 for Employment Pass Application (Up to Two Attempts)

COMPANY SECRETARIAL SERVICE

Corporate Secretary’s must be appointed within 6 months from the date upon Company Incorporation as required by The Accounting and Corporate Regulatory Authority (ACRA) of Singapore. Failure to do so is an offence and may lead to penalties and prosecution according to the Companies Act.

The Company Secretary’s responsibility is to maintain proper records of important statutory documents such as incorporation papers, company’s resolutions, annual returns, etc. It is important to note that lodgement of statutory filings such as annual returns have to be performed within a stipulated time frame, otherwise the directors of the company may be liable for late lodgement fee. At OfficeM, we have experienced personnel who acts as your company secretary notifying you of filing deadlines and providing professional corporate services at the most competitive pricing.

Package A – Basic

S$288

per year

  • Consultation on  Companies’ Act Compliance
  • Email Notifications of Government Filing Deadlines
  • Preparation of resolutions for company’s changes
  • Lodgement of changes passed with ACRA
  • Prepare meeting minutes for AGM

Package B – With Virtual Office

s$396

per year

  • Consultation on Companies’ Act Compliance
  • Prepare meeting minutes for AGM
  • Email Notifications of Government Filing Deadlines
  • Preparation  of resolutions for company’s changes
  • Lodgement of changes  with ACRA
  • Professional Mailing Address
  • Rare Golden Unit No #33-03 for your Business Address

Package C – With Government Filing

S$980

per year

  • Consultation on  Companies’ Act Compliance
  • Prepare meeting minutes for  AGM
  • Email Notifications of Government Filing Deadlines
  • Filing of Annual Returns with ACRA
  • ACRA Annual Returns filing fee S$60
  • Preparation of resolutions for any company’s changes
  • Lodgement of changes  with ACRA
  • Unaudited Financial Statement (Company Level)
  • Annual IRAS Tax Filing
  • Add on S$108 for Professional Mailing Address

Terms and Conditions for Compilation of Unaudited Financial Statement

* No audited or consolidated Financial Statements

* Not more than one Loan or Hire Purchase item per account

* Additional charge for construction contracts

ACCOUNTING SERVICES

Annual Book-keeping Service

S$880

per year

  • Up to 360 transactions per year
  • Additional 50 transactions at S$120
  • Balance Sheet
  • Profit and Loss Statement
  • Trial Balance
  • General Ledger
  • Trade Creditor Records
  • Trade Debtor Records
  • Bank Reconciliation Report
  • Optional: Add S$200 per quarter for GST

Quarterly Book-keeping Service

S$1180

per year

  • Up to 360 transactions per year
  • Additional 50 transactions per year at S$150
  • Balance Sheet
  • Profit and Loss Statement
  • Trial Balance
  • General Ledger
  • Trade Creditor Records
  • Trade Debtor Records
  • Bank Reconciliation Report
  • Optional: Add S$200 per quarter for GST

Monthly Book-keeping Service

S$1800

per year

  • Up to 360 transactions per year
  • Additional 50 transactions at S$220
  • Balance Sheet
  • Profit and Loss Statement
  • Trial Balance
  • General Ledger
  • Trade Creditor Records
  • Trade Debtor Records
  • Bank Reconciliation Report
  • Optional: Add S$200 per quarter for GST

UNAUDITED FINANCIAL STATEMENT

  Dormant Company

S$480

  • Unaudited Financial Statements (Company Level)
  • Company has no transaction
  • No Sales for Accounting Period
  • Apply waiver of Form C/C-S
  • No Bank Loans or Hire Purchase
  • Not more than 10 Expenditure Transactions

 Active Company

S$680

  • Unaudited Financial Statements (Company Level)
  • Sales & Assets less than 10 Million
  • Employee less than 50
  • No Corporate Shareholder
  • Not holding any shares in other Company
  • No Treasury or Preference Shares
  • Additional $300 if XBRL filing is required
    *XBRL filing for company with Corporate Shareholder and/or Insolvent
Terms and Conditions
  • * No Audited and/or Consolidated Financial Statements
  • * Not more than one Loan or Hire Purchase item per account
  • * Additional charge for construction contracts

COMPANY ‘STRIKE OFF’ SERVICES

Strike Off Package A

S$480

  • Company is dormant with no transaction
  • Applied for waiver of Form C/C-S

Strike Off Package B

S$600

  • Company with no liability
  • No Corporate shareholders
  • Not holding any shares in other company
  • No Treasury or Preference shares
  • *Additional fee applies for companies with PIC or loans
Conditions to strike off company:
  • Company has ceased operations
  • No outstanding charges under its register
  • Company is not involved in any court proceedings in Singapore or overseas
  • There are no liabilities under the Company’s name
  • Company’s officers have no outstanding summonses
  • Company does not owe any debts to the Government
  • The entire process to strike off a Company takes about 5 months

AUDITING SERVICES

Annual Audit Service

S$3300

Onwards

 Service fee is dependent on the Company’s Structure and Operations
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TAX SERVICES

Corporate Tax Filing

S$480

  • Filing of Form C/C-S
  • Tax Computation
  • Please provide Management Accounts, Financial Statement, previous year’s Form C/C-S and Tax Computation