Company Incorporation Fees
We do understand the requirement and needs for startups or small business owners to get on fast track after company incorporation. We provide solutions to help aspiring companies on accounting finance matters. More affordable fees to customize accounting services packages at Accounting Services Singapore Price List.
We strongly encourage business owners to find accounting services provider that provides one stop company incorporation solution
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Company Incorporation Singapore
Acra is Singapore company registrar for all company incorporation in Singapore. Business owners have to go to Acra as well if require to renew their business registration. Let us share with you some of the important information such as the cost of incorporating in Singapore, company setup details that you need to know to guide you through the company registration process. You are required to register your business if it is an activity that is carried on a continuous basis to make profit. This applies to online shop or home business as well. Local companies or sole proprietors have a choice to self-register by filling the company registration online form via Accounting and Corporate Regulatory Authority’s online filing system called BizFile. After registration, you have to find secretary or outsource accounting services to your singapore accounting services provider.
Business Incorporation Services Guide For Foreign Individuals or Corporate Companies
Foreign individuals or foreign corporate companies would need to engage the incorporation services from accounting firm, corporate secretarial firm or law firm to prepare the necessary business registration form related documents to submit on your behalf.
This is a requirement under Singapore Law. Do note that for every Singapore company setup, locally resident director must be appointed if the foreigner does not reside in Singapore. Company incorporation Singapore consultants can provide guidance on the requirements especially for businesses without premises in Singapore. For office registration, most accounting firm or corporate secretarial firm that provide company incorporation services often offer their own addresses for use as a registered office address. Some can provide mail-forwarding services as well. Otherwise, please seek approval from authority Ministry of Manpower (MOM) before registration to avoid unnecessary loss of time.
Pre-Incorporation Company Statutory Requirement
The first step to incorporate a business is to find out from Singapore company registrar about the different business structures and decide on the most suitable business type to register. This is a pre-incorporation statutory requirement. You can register as a sole-proprietor or partnership if it is a business with at least two partners managing the business. Next, you have to decide on a company name and business address which can be either a residential home address or office address for your business. Do check if the business name of your choice has been taken up by another business entity by looking for company registration names availability or running a directory search on the ACRA bizfile first before registration. ACRA is our national regulator of business entities and public accountants in Singapore. Do avoid names that are similar, offensive or obscene to those that other business entities have already registered with ACRA.
Company Name Registration
After determining your business structure and approved company name, you can now qualified to proceed to register your business with ACRA via BizFile. For self-registration at singapore company registrar, you can apply it online at the BizFile website. Application will be completed within 15min upon payment. However, the registration may take a longer period to process (between 14 days to 2 months) if the application is required to be referred to other government agencies for review or approval. After approval, you will receive your company registration number UEN, or Unique Entity Number and you are officially ready to start running your business. Company registration process in Singapore is easy and fast with the necessary knowledge and skills. Minimising the risk of missing deadlines or having to monitor the entire process from start to finish are some of the many reasons why companies still prefer to outsource the registration procedures. We provide complete company incorporation Singapore packages to help first time entrepreneurs, local or foreign companies in ensuring a smooth business set up in Singapore successfully and compliance with our legislation. We offer consultation advice and help our clients with other finance related services in areas of accounting bookkeeping, taxation and secretarial services. All from S$850 inclusive of $15 administrative fees and $300 company registration to Acra. Company incorporation fees of $850 is subjected to change without prior notice. Please contact our friendly consultants for most updated rates.