Within an hour once all the documents are signed and provided to us.

Most companies in Singapore do not require a business licence to commence operations.

Talk to us if you have the need.

No, you will only need to provide us with the requirement documents and information.

Yes. All Singapore companies are required to appoint at least one director who is a local resident.

Yes, you can. 100% foreign shareholding is allowed in Singapore.

Company Constitution is a legal document that defines the rules by which a company is governed and managed.

Yes. You must appoint a company secretary within 6 months from the company’s incorporation.

You don’t need to appoint auditor if your company are able to meet at least 2 of 3 following criteria:

Yes, of course. We provide Registered Address Services only at a nominal fee.

In recent years, Singapore has implemented a robust governance framework to combat money laundering and terrorism financing activities.

To speed up the process, we suggest you to be prepared:

In general, you will need to plan a visit to Singapore for opening corporate bank account after incorporating the company.

The annual return filings with the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS) are the most important ones that every company in Singapore must comply with.

Annual tax returns with IRAS include two filings:

A corporate secretary (or company secretary) is responsible for looking after the administration work of a company efficiently.

Definition of smaller company

Definition of non-publicly accountable company

Definition of solvent exempt private company

Financial statements provide a snapshot of a company's financial health, giving insight into its business performance, financial profitability and cash flow situation.

Under the Companies Act, all Singapore-incorporated companies are required to file annual returns with ACRA to ensure that the company’s information on ACRA’s register is up to date.

The timelines for holding AGM and filing AR are aligned with the company’s Financial Year End (FYE):

Under the Companies (Amendment) Act 2017, private companies are exempted from holding AGMs if they send their financial statements to members within 5 months after the FYE.

Bookkeeping is an indispensable subset of accounting. Bookkeeping refers to the process of collecting, recording, maintaining and reconciling financial records.

All companies in Singapore are required to keep their accounting records and supporting documents for at least five (5) years.

If you are a newly start-up company and have less than 60 bank transactions a year,

If your business is growing and have about 10-20 bank transactions per month,

If your business is thriving and have more than 20 bank transactions per month,

A Singapore company is taxed on the income earned in the preceding financial year.

Under the Income Tax Act of Singapore, all companies are required to submit two Corporate Income Tax Returns to the Inland Revenue Authority of Singapore (IRAS) every year:

ECI is an estimate of your company's taxable profits (after deducting tax-allowable expenses) for a Year of Assessment (YA).

A company must file ECI within 3 months from the end of its financial year, unless it meets the both criteria mentioned above.

Form C-S (Lite), Form C-S or Form C is the final actual tax return filing for a company.

Singapore-incorporated companies with annual revenue over $5 million must file Form C, and are required to submit financial statements and tax computations.

The tax exemption scheme for new start-up companies was introduced in the Year of Assessment (YA) 2005 to support entrepreneurship and to grow the local enterprises.

All new start-up companies are eligible for the tax exemption scheme,

Under Singapore tax law, the tax residency of a company is determined by where the business is controlled and managed.

While tax resident and non-resident companies are generally taxed in the same manner,

All companies, including companies limited by guarantee, are eligible for partial tax exemption (PTE), unless they are claiming the tax exemption for new start-up companies.

You must register for GST if your taxable turnover is:

As a GST-registered company, your responsibilities include but not limited to:

Your company will need to fulfil these responsibilities from the effective date of registration that is stated in your approval letter.

The CPF is a mandatory social security savings scheme funded by contributions from employers and employees.

As an employer, you’re required to pay CPF contributions for your employees who are Singapore Citizens or Singapore Permanent Residents.

No, CPF contributions are exempted for foreign employee.

Yes. All employers, including overseas employers, are required to pay CPF contributions for local employees working in Singapore.

You must pay salary to your employee at least once a month and within 7 days after the end of the salary period.

You are required to maintain detailed employee records and salary records for latest two years.

All employers must issue itemised pay slips to employees either together with salary payment or within 3 working days of salary payment. This is required by the Employment Act.

Under the Auto-Inclusion Scheme (“AIS”), employers are required to submit their employees’ employment income information to IRAS electronically.

You are required by law to prepare and issue Form IR8A to your employees by 1 Mar each year.

You should apply for Employment Pass (“EP”) for your foreign employee.

When non-Singapore Citizen employee (i.e. foreign or Singapore Permanent Resident employee) ceases employment in Singapore, goes on an overseas posting or plans to leave Singapore for more than three months,