Fee schedule

Service Year 1 Year 2 Additional
Services
Comments
Registration* S$2,200 S$1,150    
Certificate of Incorporation from ACRA
(certified)
Included      
Memorandum & Articles of Association, photocopy (certified) Included      
Company profile from ACRA (certified) Included      
First Directors’ Minutes (FDM) Included      
Share Certificate Included      
Common seal Included   S$115 Additional Metal Seal order
Registered office and Secretary Fee
(obligatory)
Included Included    
Nominee Director
Singaporean local director (obligatory)* S$2,150 S$2,150   Service Fees applicable for document signing – see fee schedule on p.2
Local Director deposit S$2,000     Obligatory one off payment (1st year only)
– Refundable upon termination of service
Power of Attorney*     S$275 Legalisation costs additional
Individual Nominee (Cypriot) S$550 S$550    
Nominee Shareholder                                                                                                 *POA is not included
Corporate Nominee S$175 $175    
Individual Nominee (Cypriot) S$350 S$350 S$60 Signing documents
Individual Nominee (Singaporean)* S$375 S$375 N/A  
Bank Account
Cyprus Banks     Quoted for on a case by case basis Legalisation Fees not included
Singapore Bank Account Opening with personal visit*
Silver Package    

S$1,560

 

 

 

 

 

 

 

S$250

    Application for bank account opening with one bank of the client’s choice;
    Appointment with bank;
    Personal accompaniment to the bank;
    Preparation of all supporting documents required for bank account opening (Business Profile etc.).
    For each additional bank account opening application there is an additional charge of S$250.
Gold Package    

S$2,600

 

 

 

 

 

 

 

 

S$250

    Application for bank account opening with one bank of the client’s choice;
    Appointment with bank;
    Personal accompaniment to the bank;
    Preparation of all supporting documents required for bank account opening (Business Profile etc.);
    Website (for bank account opening purposes)
    For each additional bank account opening application there is an additional charge of S$250.
(Non-Eltoma Company) Singapore Bank Account Opening with personal visit*
Silver Package    

S$2,185

 

 

 

 

 

 

 

S$250

    Application for bank account opening with one bank of the client’s choice;
    Appointment with bank;
    Personal accompaniment to the bank;
    Preparation of all supporting documents required for bank account opening (Business Profile etc.).
    For each additional bank account opening application there is an additional charge of S$250.
Gold Package    

S$3,200

 

 

 

 

 

 

 

 

S$250

    Application for bank account opening with one bank of the client’s choice;
    Appointment with bank;
    Personal accompaniment to the bank;
    Preparation of all supporting documents required for bank account opening (Business Profile etc.);
    Website (for bank account opening purposes)
    For each additional bank account
opening application there is an additional charge of S$250.
Additional Services*
Additional Company Profile (with ACRA stamp)     S$85  
Additional Company Profile (electronic)     S$40  
Certificate of Incorporation (with ACRA stamp)     S$95  
Memorandum & Articles of Association (with
ACRA stamp)
    From S$180 Additional fees may apply depending on
number of pages /amendments are charged additionally**
**Amendments to Memorandum & Articles of
Association (with ACRA stamp)
    S$50 Price can be increased if complex legal
amendments required (price doesn’t include
purchase of M&AA copy from ACRA)
Certificate of Good Standing     S$160 Certified by ACRA
Certificate of Incumbency     S$110  
Tax Residency Certificate     S$160  
Company Name Change     S$265 Service includes issue of new BizFile and new
M&AA
Change of Registered Office     S$200  
Appointment/Resignation of Company’s
Secretary
    S$190  
Change particulars of Secretary     S$70  
Appointment/Resignation of Company Director     S$110 Additional charge of S$50 if more than 1
Director
Change particulars of Directors     S$70  
Increase of Paid-Up Capital     S$120  
Transfer of Shares     S$180  
Alteration of Memo of Association     S$170  
Internal Courier Fee     S$25  
International Courier Fee – from Singapore
Office to Client
    S$150  
General POA     S$275 International Courier fees are not included
Special POA     S$275 International Courier fees are not included
Bank Reference Letter for Nominee Director/or
Secretary
    S$ 150 Includes costs for original bank reference
letter, Director/Secretary signature and travel
to the bank
International Courier fees are not included
Document signing by Local Director – Service
Fee
    S$50 + S$1
per page signed + S$0.5 per page scanned
Courier charges extra
Certification by Notary     S$130 Per Individual Document
Certification by Notary – urgent request     S$150 Per Individual Document
Certification by Notary     S$160 Per Bundle of Documents
Certification by Notary – urgent request     S$180 Per Bundle of Documents
Standard Certification by Notary, SAL and MFA
(5 working days) – does not include legalization in Consulate
    S$320 Per Individual Document
Express Certification by Notary, SAL and MFA (3
working days) – does not include legalization in
Consulate
    S$450 Per Individual Document
Full Legalization Standard -Process minimum 7
working days (dependent on country)
    S$425 Per Individual Document; Plus Consulate Fees
dependent on country
Full Legalization Express - Process minimum 5
working days (dependent on country)
    S$580 Per Individual Document; Plus Consulate Fees
dependent on country
Full Legalization - Process minimum 7 working days (dependent on country)     S$450 For Bundle; Plus Consulate Fees dependent on country
Full Legalization Process minimum 5 working
days (dependent on country)
    S$610 For Bundle; Plus Consulate Fees dependent on
country
Legalization fees without notary: ACRA-MFA or
IRAS-MFA
    S$275 Special Legalization – when required by
Consulate to avoid notary and SAL
Apostille of Corporate Documents in Hong Kong     S$1,180  
Drafting resolutions     S$ 135  
Company dissolution ( Strike off)     S$1,500  
Extract from ACRA     S$400  
Electronic Biz File Order     S$40  
Change of Auditors     S$70  
         
Compliance service charges      SGD Comments
Introduction Compliance Fee for New Clients     SG$320  
Annual Compliance Review      SG$160  Charged with June 2016 Company Renewal fee onwards.
Compliance Service Fee for all post company incorporation services involving new persons or legal entities.     SG$80 - SG$160  Price depends on complexity of the case.
VISA Services*
Individual travel visa (standard 3-4 working days)     S$70 / US$ 60  
Individual travel visa (express 1-2 working days)     S$100 /
US$ 80
 
Employment Pass     S$ 575 In case of Appeal there is an extra charge of
S$200
Dependent Pass     S$575

*Please note - fees inclusive of GST.

 


Accounting Fees:

Type of Service Price SGD
GST Registration/Deregistration – priсe depends on case complexity 175 per hour
Tax Rate Letter from IRAS 130
Preparation and Submission of GST Reports (quarterly) 350 per quarter
Preparation and Submission of ECI Forms (trading company) 265
Tax Computation of C Form (corporate tax form) - Dormant 550
Tax Computation of C Form (corporate tax form) - Active 800
Preparation of Unaudited Financial Statements for a dormant
company
350
Preparation of Unaudited Financial Statements for a trading company 700 - 1500
Appointment / Change of Auditors 160
Conversion of Financial Statements to XBRL Format - Dormant 250
Conversion of Financial Statements to XBRL Format - Active 590
Submission of Financial Statements to ACRA - Dormant 350
Submission of Financial Statements to ACRA - Active 695
Application for Extension to ACRA for AGM Submission 100 per month
Application for Extension to ACRA for AR Submission 100 per month
Handling of penalties 50 per case
Change of Financial Year End  100

 

Type of Company 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%).

 

Compliancy Requirements:


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


1. Estimated Chargeable Income (ECI Form) – needs to be submitted 3 months after the end of the financial year. To complete it an estimate of the revenue of the company for the financial year is requested.


2. Annual General Minutes & Annual Returns – to prepare these, book keeping and preparation of unaudited accounts or audited accounts is required. The deadlines for these documents for the first financial year are based on the date of the company’s Incorporation. For the next years the dates are fixed.


3. C–Form – this is the Corporate Tax Form requested by Inland Revenue of Singapore. This is submitted on a yearly basis in November.
The requirements by Singapore Authorities are compulsory and if the requested forms / documents are not submitted on time the company is charged with penalties and court summons.

€200

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  Resources:

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Gibraltar companies now have to disclose full Beneficial Ownership details to Central Register

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The EC takes action against advocates promoting tax avoidance schemes

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What are the new Beneficial Ownership reporting requirements for BVI companies?

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Going forward, a new regulation will require certain British Virgin Islands companies to gather and retain details of Beneficial Owners with 25% or more of the company’s shareholding rights, with an ongoing requirement to keep the details up to date.

Russian citizens can gain Cyprus tax residency by staying only 60 days on island, whats the catch?

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Cyprus is once again working to improve its economic desirability and will be able to increase its alternative business base for Russians with good creditworthiness.