Company Incorporation And Registration Services Singapore

Starting a company in Singapore can be simple when you understand the costs from the start. However, the Singapore company registration cost includes more than ACRA fees. You may also need a company secretary, a registered office address and compliance support.

The total cost depends on your business needs and the services included in your chosen package. Comparing Singapore company registration services can help you understand what you are paying for and avoid unexpected charges.

TNPL offers several incorporation packages with different levels of support. Below, we explain the current package prices, what they include, possible extra costs and the key services needed to register a company in Singapore.

Singapore Company Registration Cost and Packages

The Singapore company registration cost depends on the level of incorporation and compliance support you need. TNPL offers three company registration packages, starting from S$650. Understanding the Singapore company incorporation cost and what each package covers can help you choose the right level of support.

What Is Included in Singapore Company Registration Services?

TNPL’s Singapore company registration services cover the key steps needed to set up a company. The services also include essential documents and support for selected post-incorporation needs.

Company Incorporation in Singapore / Company Formation Services in Singapore

Added value service: To add value to our one stop service, we also provide property sourcing service, for example office rental or purchase, or other form of property assistance.

We are Chartered Accountant firm, operating since 2004, we are filing agent with Acra

Grants to help boost your business

• Job Redesign Grant (under WorkPro), up to $300,000
• Enterprise Development Grant (EDG). EDG will provide funding support up to 70 % qualifying costs
• Enhanced Work Life Grant: up to 70,000
• ACE Startup Grant:For every $3 raised by the entrepreneur, SPRING funds the startup $7, up to maximum 50,000
• Spring Seeds: For innovative idea or product, SPRING invest the same amount as invested in the startup by a third party investor, with a maximum limit of $2 million
• Early stage Venture Fund,by the National Research Foundation ( NRF), NRF partners with venture capital firms to co Invest in early stage high tech startups based in Singapore
• Technology Enterprise Commercialization Scheme (TECS): funds startup in R & D, to develop innovative technology, up to $750,000
• IDM JUMP START AND MENTOR :for interactive digital media (IDM )projects.
• SECTOR SPECIFIC ACCELERATOR(SSA) PROGRAMME: aids startups in the Medical and clean technology sector.
• TECHNOLOGY INCUBATION SCHEME(TIS), by The National Research Foundation ( NRF ) .NRF can co invest in a Singapore startup up to 85% of the total Investment, with a maximum amount of $500,000

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

• 12 months Company secretary at $270
• 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:

• The goods are purchased or imported by your business for the purpose of making taxable supplies ( standard-rated supplies and zero-rated supplies);
• 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.

When using our services, you can be confident that you are building the best foundation for your start in Singapore. Drawing on our experience in the industry, we make sure that each and every one of your papers are correct through our company registration services in Singapore. Leaving no stone unturned, we strive for perfection in everything from your business incorporation and application to your secretarial management. We will collaborate with your teams to ensure smooth business incorporation in Singapore. If you have any questions or queries throughout the process, our team will be able to provide you with comprehensive answers, ensuring you have a full understanding of what stage we are at and when you’ll be able to begin your operations.

As part of our company registration services in Singapore, 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. Making sure you have chosen the right structure is extremely important when getting started for several reasons. Due to the economic market of Singapore, competition is extremely high. Once set up, you won’t have the time to change your business structure without taking a large sales hit. Making sure you have the right structure as part of your business incorporation in Singapore will make sure you have the foundations you need to set yourself up for success.

What Affects the Cost of Registering a Company in Singapore?

The Singapore company registration cost varies based on your business needs and the services required. The overall company incorporation cost in Singapore that businesses pay may include government charges, professional services and ongoing compliance costs.

• ACRA fees: The company registration fees in Singapore that businesses need to consider include government charges for company name approval and registration.
• Professional fees: These cover incorporation support, document preparation and ACRA filing.
• Company secretary: Secretary fees may be included in a package or charged separately.
• Registered office: A local registered address service may add to your costs.
• Nominee director: Foreign owners may need this service if they do not have an eligible local director.
• Bank account assistance: Support may be included in the package or available at an extra cost.
• GST: GST may apply to professional services, depending on the quoted price.
• Compliance and accounting: Annual returns, accounting and tax services may involve additional fees.

In general, registration involves one-time incorporation costs, while secretarial, address, accounting and compliance services are usually ongoing costs.