Fee Schedule

Fee Schedule Source image: / CC by 2.0

Client Fee Schedule – Singapore ($ SGD)

 

Service

 

Fees

($ SGD)

include GST

 

Comments

Incorporation includes:

  • Certificate of Incorporation from ACRA (certified).
  • Memorandum & Articles of Association, photocopy (certified).
  • Company profile from ACRA (certified).
  • First Directors’ Minutes (FDM).
  • Share Certificate.
  • Common Seal.
  • Registered Office & Secretary Fee.*

*obligatory.

 

 

2,400

Incorporation fee excludes:

  • Nominee Director services.
  • Nominee Director deposit.
  • Compliance Services.

Local Singapore Director(obligatory)

2,500

Please note that the signing of documents is not included.

 

Local Director Deposit (obligatory)***1

 

2000

Conditional Refundable Deposit

Obligatory one off payment (1st year only)

Annual Maintenance Fee from 2nd year

1,400

 

Alternative Registered Address

 From 400 per year

 

Virtual Office

 

 

Bronze Package

Annual fee 450.00

Payable 12 months in advance

Include the following:

1. Mailing Address

2. Mail Forwarding – by e-mail

- Documents scanned and sent by e-mail

- Up to 10 documents per month – (extra charges apply if there are excessive documents / no. of pages)

- Original documents can be couriered at additional cost

3. Shared Fax Number

***Refundable upon:1.Company strike off from ACRA (certificate received) with no outstanding obligations or balances.2.Termination of services: transfer out with no outstanding balances (C-Form, ECI, UFS/Audit, AGM, AR, etc.prepared & submitted).

Silver Package

Annual fee 750.00

Payable 12 months in advance

Include the following:

1. Mailing Address

2. Mail Forwarding

- Documents scanned and sent by e-mail

- Up to 20 documents per month – (extra charges apply if there are excessive documents / no. of pages)

- Original documents can be couriered at additional cost

3. Shared Fax Number

4. Shared Business Phone Line

5. Phone message alerts via e-mail

Gold Package

Annual fee 950.00 +

annual deposit 250

Payable 12 months in advance

Include the following:

1. Mailing Address

2. Mail Forwarding

- Documents scanned and sent by e-mail

- Up to 30 documents per month – (extra charges apply if there are excessive documents / no. of pages)

- Original documents can be couriered at additional cost

3. Shared/Or Dedicated Fax Number

4. Dedicated Business Phone Line with Calls

personally answered in your company’s name

5. Phone message alerts via e-mail

NOTE: Phone Line device purchase is charged separately and all direct phone bills will be re-invoiced and shall be paid additionally – we ask for the annual deposit to be at 250 SGD in order to cover all phone bills during the year (annual deposit = 250 SGD). Deposit 250 SGD is obligatory one off payment (1st year only) and then annualy shall be replenished up to 250 SGD.

Please note that delay in payment for phone bills may lead to phone line cancellation and re- installment may cause additional chargers

Re-domociliation

From 3500 + 1000 stamp

duty

Re-domocilation fee excludes:

Services for communication and obtaining

documents from the government bodies of jurisdiction in which the company was incorporated.

 

Nominee Service

   

Local Singapore Director who is not involved in other company’s activities)

Upon the request

 

Individual Nominee Director (Cypriot)

550

Please note the signing of documents is not

Individual Nominee Shareholder (Cypriot)

 

315

Signing of documents is not included.

Individual Nominee Shareholder (Singaporean)

 

375

Signing of documents is not included.

Documents purchase from ACRA/IRAS Service

Fees ($ SGD) include GST

Comments

Additional Company Profile (with ACRA stamp)

85

 

Additional Company Profile (without ACRA stamp)

40

 

Certificate of Incorporation (with ACRA stamp)

 

110

 

Memorandum & Articles of Association (with ACRA stamp)

150-250

The final price depends on the number of pages or complexity of amendments required.

Amendments to Memorandum & Articles of Association

From 170

Signing of documents is not included

The final price depends on the complexity of amendments required.

Services are not inclusive of purchasing the updated M&AA.

Replacement of entire M&AA

From 450

 

Certificate of Good Standing (with ACRA stamp)

160

 

Certificate of Incumbency

200

 

Tax Residency Certificate (CoR)

350

Issued for the application of a reduced withholding tax rate under a specified Double Tax Agreement.

Letter of Tax Residency (LoR)

350

Document states that the company is a tax resident of Singapore.

Additional Services:

Company Name Change

385

Service includes purchase of BizFile and M&AA.

Change of Registered Office

200

 

Appointment/Resignation of Company’s Secretary/Director

200

Additional charge of SGD $50 applies if more than one Director is involved.

Change particulars of Secretary/Directors/Shareholder

70

Service includes electronic business profile (without ACRA stamp).

Change/Adding /removal of business activity in ACRA

200

Service fee is not inclusive of updated BizFile purchase.

Increase of Paid-Up Capital

260

 

Transfer of Shares

250

 

Change of Company Owners

300

Service fee doesn’t include:

  • Signing of documents by nominees.
  • Compliance services.

CBank Reference Letter for Nominee Director/or Secretary

255

Includes costs for original bank reference letter, Director/Secretary signature and nominee visit to the bank.

International Courier fees are not included.

Additional rubber stamp

50

 

Additional metal seal

115

 

Drafting of documents & Signing by Nominee

General Power of Attorney

360

Preparation of POA includes:

1. Declaration preparation.

2. Resolution preparation.

3. Signing of POA & Resolution. Please note that notarisation & legalisation services are not included in POA.

Special Power of Attorney

205

Preparation of POA includes:

1. Declaration preparation.

2. Resolution preparation.

3. Signing of POA & Resolution. Please note that notarisation & legalisation services are not included in POA.

Resolution (drafting) except resolutions above

From 250

The final price depends on the complexity of documentation.

Document Signing by Singapore Director (one document)

50 + 35 per signed document + 0.5 per page scanned

Service fee is not inclusive of courier fees.

Document Signing by Singapore Director (bundle)

50 + 60 per signed document + 0.5 per page scanned

Service fee is not inclusive of courier fees.

Document Signing by Singapore Director (for Non-Singapore companies) (one document)

50 + 60 per signed document + 0.5 per page scanned

Service fee is not inclusive of courier fees.

Document Signing by Singapore Director (for Non-Singapore companies) (bundle)

50 + 80 per signed document + 0.5 per page scanned

Service fee is not inclusive of courier fees.

Certification & Legalisation process:

Notary Certification (one document)

(Standard)

380

Please note, the process takes a minimum of 3-5 working days (true copy or certification of signatury).

Notary-SAL

Notary Certification (one document)

(Express)

450

Please note, the process takes a minimum of 2-3 working days (true copy or certification of signatury).

Notary-SAL

Notary Certification (Bundle)

(Standart)

440

Fee of SGD $10 applies to each additional certified page.

Fee of SGD $40 applies to each additional certified document.

Please note, the process takes a minimum of 3-5 working days (true copy or certification of signatury).

Notary-SAL

Notary Certification (Bundle)

(Express)

500

Fee of SGD $10 applies to each additional certified page.

Fee of SGD $40 applies to each additional certified document.

Please note, the process takes a minimum of 2-3 working days (true copy or certification of signatury).

Notary-SAL

Full process of legalization (per document) STANDART WITH NEW SAL COST

545

Service fee is not inclusive of Embassy/Consulate

Fee and is dependant on each country.

Please note, the process takes a minimum of 5-7 working days.

Notary-SAL-MFA.

Full process of legalization (per document) EXPRESS NOTARY

630

Service fee is not inclusive of Embassy/Consulate

Fee and is dependant on each country

Please note, the process takes a minimum of 4-5 working days

Full process of legalization (per bundle)

(Standart)

575

Service fee is not inclusive of Embassy/Consulate

Fee and is dependent on each country.

Please note, the process takes a minimum of 6 working days.

Notary-SAL-MFA.

Full process of legalization (per bundle)

(Express)

660

Service fee is not inclusive of Embassy/Consulate

Fee and is dependent on each country

Please note, the process takes a minimum of 5-7 working days

Special type of legalization (without notary and SAL)

ACRA-MFA/IRAS-MFA

275

The legalisation is applicable when notary and SAL

is not required and

Includes:

  • ACRA-MFA, or
  • IRAS-MFA

Company closure:

Company dissolution (Voluntary Strike off)

1,500

 

Liquidation process

From 6,000

Service fee depends on the complexity of the case

Courier Service:

Internal Courier Fee (within Singapore)

55

 

International Courier Fee (from >Singapore Office to Client via TNT) to HK

120

 

International Courier Fee (from Singapore Office to Client via TNT) to other countries except HK

160

 

International Courier Fee (from Singapore Office to Client via DHL)

From 300

For all documents except bank tokens; fees are calcualted based on parcel weight.

International Courier Fee (from Singapore Office to Client via DHL)

From 370

For bank tokens.

 

Bank Account Opening

Fees ($ SGD) include GST

Comments

Cyprus Banks

From 1000 Euro

Legalization process fees not included.

Silver Package

Application for additional bank in Singapore

2,650

420,00

• Application for bank account opening.

• Appointment with a local bank.

• Personal accompaniment to the bank.

• Preparation of all supporting documents required for bank account opening (Business Profile etc.).

• Additional bank account opening applications. For each additional bank account opening application there is an additional charge of S$420.

Please note: Fee does not include the bank deposit and bank fees

Gold Package

Application for additional bank in Singapore

3,710

420,00

• Application for bank account opening.

• Appointment with a local bank.

• Personal accompaniment to the bank.

• Preparation of all supporting documents required for bank account opening (Business Profile etc.).

• Company website (for bank account opening purposes). For each additional bank account opening application there is an additional charge of S$420.

Please note: Fee does not include the bank deposit and bank fees

Silver Package

Application for additional bank in Singapore

2,950

480,00

• Application for bank account opening with a local bank of the client’s choice.

• Appointment with bank.

• Personal accompaniment to the bank.

• Preparation of all supporting documentation. required for bank account opening (Business Profile etc.).

For each additional bank account opening application there is an additional charge of S$480.

Please note: Fee does not include the bank deposit and bank fees

Gold Package

Application for additional bank in Singapore

3,965

480,00

• Application for bank account opening with a local bank of the client’s choice.

• Appointment with bank.

• Personal accompaniment to the bank.

• Preparation of all supporting documentation required for bank account opening (Business Profile etc.).

• Company website (for bank account opening purposes)

For each additional bank account opening application there is an additional charge of S$480. Please note: Fee does not include the bank deposit.

 

Visa Services

Fees include GST

Individual travel visa (standard 3-4 working days)

From USD $100

Individual travel visa (express 1-2 working days)

From USD $150

Singapore Enterpass

SGD $1,850

Employment Pass

SGD $1,850

Employment/Enterpass Renewal

SGD $425

Dependent Pass

SGD $820

Dependent Pass Renewal

SGD $275

Appeal for Employment Pass

SGD $360

Appeal for EnterPass

SGD $630

 

Compliance Service Charges

Fees ($ SGD) include GST

Comments

Introduction Compliance Fee for New

320

 

Annual Compliance Review

160

Charged for June 2016 Company Renewal fee onwards.

Compliance Service Fee for all post company incorporation services involving new persons or legal entities.

80 - 160

From 80 for individual

From 160 for legal person

Priced depend on complexity of the case in hand.



Service

Fees ($ SGD) exclude GST

GST Registration of a company to the IRAS

850

Preparation and Submission of GST Reports (quarterly)

350 per quarter

Preparation and Submission of ECI Forms

265

Preparation of Unaudited Financial Statements:

— Active company

— Dormant company

1,500 – 2,500

700 – 1,500

Preparation of Consolidation Financial Statements

2,000 – 5,000

Review prepared bookkeeping and UFS

1,000 – 2,000

Conversion of Financial Statements to XBRL Format

Conversion of Consolidation Financial Statements to XBRL Format

590 – 2,000

2,500 – 3,000

Tax Computation of C Form (corporate tax form):

Dormant company tax return – 500

Form CS (average) 800

Form-C (active) -1,200

Submission of Annual Return to ACRA:

— Active company

— Dormant company

 

550

450

CorpPass registration

320

Filing of Form 45 (for withholding taxes)

500

Appointment/Amendment of Auditors

160

Application of Extension to ACRA for AGM Submission

300 per 2 months

Application of Extension to ACRA for AR Submission

300 per 2 months

Handling of penalties

50 per case



Company Type

Number of

Transactions

Amount

(€ EUR)

Amount

($ SGD)

Amount

($ USD)

Standard fee:

– Dormant Company

-

350

600

480

Active Company

Up to 10

Up to 450

Up to 780

Up to 620

Active Company

Up to 30

Up to 600

Up to 1000

Up to 800

Active Company

Up to 50

Up to 700

Up to 1200

Up to 950

Active Company

Up to 100

Up to 1000

Up to 1720

Up to 1350

Active Company

Up to 200

Up to 1400

Up to 2400

Up to 1875

Active Company

Above 200

TBC

TBC

TBC

 

*The above accounting fees exclude GST (7%).

** Conversion to XBRL may be required and will be charged separately.

Compliance Requirements:

When the financial year of a company registered in Singapore ends the below requirements are requested by ACRA

– the Companies House of Singapore:
1. Estimated Chargeable Income (ECI Form) – required to be submitted 3 months after the end of each
financial year. In order to complete it, the company’s estimated revenue for the financial year is requested.
2. Annual General Minutes & Annual Returns – Bookkeeping and the preparation of unaudited or audited accounts are required. The deadlines for these documents for the first financial year are based on the date of the company’s incorporation. For subsequent years, the dates are fixed.
3. C–Form – this is the Corporate Tax Form requested by the Inland Revenue of Singapore. This is submitted on an annual basis in November.

Please note that the above compliance requirements are set by Singapore Authorities and are compulsory for all companies. If the requested forms / documentation are not submitted on time, the company can be charged with penalties and court summons.

Take the next step, we are here to help.

Register a Singapore company.
Open a Singapore bank account.