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Payroll service from $2 per head per month (Employee Self Service), Full Payroll service From $10 per head per month, Company registration fee at $380

Company incorporation

Company incorporation in Singapore / Registration of company in Singapore



Company Registration Service(inclusive of standard government fees)

SPECIAL PACKAGE PRICE AT $380 , we will provide the following:
1. Memorandum and Articles of Association of the Company
2.ACRA Company Business Profile Document
3.E-Notice of Incorporation
4.First Director’s Resolutions
5.Bank Account Opening Assistance



Package (A) Value Package S$ 750
This Package include:
1) 12 months Company Secretary
2) 12 months Company Registered Address
We will provide :
▶ Memorandum and Articles of Association of the Company
▶ ACRA Company Business Profile
▶ Notice of Incorporation
▶ First Director’s Resolutions
▶ Bank Account Opening Assistance
Package (B) Enhanced Package S$ 920 , include of first 18 months AGM filing
1) 18 months Company Secretary
2) 18 months Company Registered Address
3) Annual Return Filing to ACRA for First Accounting Year
We will provide :
▶ Memorandum and Articles of Association of the Company
▶ ACRA Company Business Profile
▶ Notice of Incorporation
▶ First Director’s Resolutions
▶ Bank Account Opening Assistance

 

Any business person looking to start operating a business in Singapore must be registered with Accounting and Corporate Regulatory Authority. Depending on the nature of the business one wants to operate, he/she is required to submit their application directly or indirectly to ACRA’s Electronic Filling and Information Retrieval Systems.

The business person can engage a professional firm like TNPL to submit his/her application on his behalf or a qualified lawyer. This depends on his/her level of expertise in the sector.


Other Service
1.12 months Company secretary at $270
2. GST Registration $200 ( One time fee)

DO YOU NEED TO REGISTER GST NOW ?

Conditions for Claiming Pre-registration GST (For Businesses Registered for GST on or after 1 Jul 2015)
Pre-registration GST Incurred on Goods

You must satisfy all of the following conditions:

1. The goods are purchased or imported by your business for the purpose of making taxable supplies ( standard-rated supplies and zero-rated supplies);
2. For goods acquired within 6 months before the date of your GST registration, the goods are still held by your business at GST registration; Mean the goods is not consumed or sold at GST registration date

 

TNPL was founded in 2004 and has been assisting entrepreneurs in handling their Corporate Secretarial Services, Payroll Services and Corporate Tax Services. This aids the business owners to put more focus on strategic planning and growing and maximizing their profits.

We have helped many companies with registration and set up in the past few years. Registration of company in Singapore can be a challenging milestone especially to entrepreneurs who have no idea about company structure and set up. TNPL ensures that such entrepreneurs get the most appropriate structure and a strategic set up depending on the nature of their business.

We offer professional guidance on which structure is more appropriate for a particular type of business be it limited liability partnership, sole proprietorship or private limited company. The advice is usually based on size and business nature, corporate tax, shareholders protection and stability.

The Singapore Companies Act mandates company incorporation in Singapore. It suggests that all registered companies should posses a corporate secretary and TNPL does exactly that. They offer the registered company with minute books, Annual General Meeting Filling, accurate compliance, proper documentation and maintaining Statutory Registers and make registration of company in Singapore an easy task. Most registered companies in Singapore are Limited Liability Companies and any person aged above 18 years of age can register a company whether he/she is a foreigner or a local.

Company incorporation in Singapore emphasises on Private Limited Company registration since they are more Tax Efficient Corporate Bodies. Like any other registration process in the world, Singapore has set both ongoing and initial compliance as well as regulatory requirements for starting and operating a business.

Registration of company in Singapore is relatively affordable and the price varies depending on the nature of the business. However, some fees are standard like the Name Approval Fee and the Business Registration Fee. Registration duration also depends on the nature of the business with sole proprietorship taking about 15 minutes to process. If the application require any approval from other authority or needs a review, it could take up to 2 months.

If it is a partnership business, the registration process can only commence when all the partners have endorsed to the online application submission.

Business owners and partners are required to credit their Medisave accounts with CPF Board for the registration process to be initiated. However, these requirements can only be applied on permanent Residents and citizens of Singapore. Company incorporation in Singapore requires the company’s name, list of directors, shareholders, company’s secretary, the Paid-up Capital, Taxation and Registered Address. The name should be approved before company incorporation in Singapore.

There is no limit to the number of directors a company should have but at least one of the directors should be a citizen of Singapore. However, they should not have been declared bankrupt by any financial institution and should be over 18 years.

The maximum number of shareholders a limited company should have is 50 members with the minimum being one shareholder. Every company, within a period of 6 months after incorporation, they are expected by the ACRA to appoint a highly qualified Company Secretary.

The minimum paid share capital in Singapore is S$1 but it could be increased after the company’s incorporation. A local physical address is required to be registered as the registered address for the company. It is not suppose to be a P.O. BOX but can either be a commercial or residential address.

Finally taxation in Singapore is very friendly for registered companies and this attracts many different foreign and local investors. Most registered companies pay less than 9% of the first annual profit and a flat rate of 17% of the profit afterwards. They also enjoy very attractive incentives. Singapore government does not charge any dividend taxes or taxes on the capital gain from registered companies.

To seek professional advice, kindly contact us for a non-obligatory discussion.


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