Fee Schedule

Fee Schedule Source image: / CC by 2.0
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 From S$350   Alternative  registered address can be arranged under additional surcharge (starting from SGD350 per year)
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$2,300

 

 

 

 S$350

    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$3,360

 

 

 

 

 S$350

    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$2,600

 

 

 

 S$350

    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$3,615

 

 

 

 

 S$350

    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  (CoR)     S$160 Issued foe the application of a reduced withholding tax rate under a specified DTA
Letter Of Tax Residency (LOR)     S$320 Document states that the company is a tax resident of Singapore
Company Name Change     S$385 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  
Change of Company Owners     €60  Director Signature is charged at extra cost 
Alteration of Memo of Association     S$170  
International Courier Fee (TNT Service)     S$100  
International Courier Fee – from Singapore
Office to Client (DHL)
    S$170  
Internal Courier Fee     S$50  
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$35 per signed document + S$0.5 per page scanned  For one document not related to compliance matters. The price for internal courier and international courier charges will be charged extra.
Document signing by Local Director – Service Fee     S$50 + S$60 per signed document + S$0.5 per page scanned  For bundle of documents. The price for internal courier and international courier charges will be charged extra.
Document signing by Local Director – Service Fee for Non-Singapore companies     S$50 + S$60 per signed document + S$0.5 per page scanned  For one document not related to compliance matters. The price for internal courier and international courier charges will be charged extra.
Document signing by Local Director – Service Fee for Non-Singapore companies     S$50 + S$80 per signed document + S$0.5 per page scanned  For bundle of documents. The price for internal courier and international courier charges will be charged extra.
Certification by Notary     S$190 Per Individual Document
Certification by Notary     S$160 + S$40 per each certified document Per Bundle of Documents
Standard Certification by Notary, SAL and MFA (5 working days)  – does not include legalization in Consulate     S$340 Per Individual Document
Express Certification by Notary, SAL and MFA (3 working days) – does not include legalization in Consulate     S$500 Per Individual Document
Full Legalization Standard -Process minimum 7 working days (dependent on country)     S$475 Per Individual Document; Plus Consulate Fees
dependent on country
Full Legalization Express - Process minimum 5 working days (dependent on country)     S$630 Per Individual Document; Plus Consulate Fees
dependent on country
Full Legalization - Process minimum 7 working days (dependent on country)     S$470 For Bundle; Plus Consulate Fees dependent on country
Full Legalization Process minimum 5 working days (dependent on country)     S$660 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  
     * The above fees exclude GST (7%).

 

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$160  Price depends on complexity of the case.
VISA Services*
Individual travel visa (standard 3-4 working days)     US$ 80  
Individual travel visa (express 1-2 working days)     US$ 140
 
Singapore Enterpass     S$ 1,650  
Employment Pass     S$ 1,650  
Dependent Pass     S$ 595
Appeal for Employment  Pass     S$ 595
*Please note - fees inclusive of GST.

 


Accounting Fees:

Type of Service Price, SGD
GST Registration/Deregistration – priсe depends on case complexity 850
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  700 –  1500
Preparation of Unaudited Financial Statements for active company 1500 – 2500
Preparation of Consolidation Financial Statements 2000 –  5000
Review prepared bookkeeping and UFS 1000 –  2000
Conversion of Financial Statements to XBRL Format - Active 590 –  2000
Conversion of Consolidation Financial Statements to XBRL Format 2500 –  3000
Conversion of Financial Statements to XBRL Format - Dormant 250
Appointment / Change of Auditors 325

Submission of Financial Statements to ACRA:

– active company

– dormant company

 

350

350
Annual Return with Financial Stetements to ACRA** 350
Application for Extension to ACRA for AGM Submission 300 per 2 months
Application for Extension to ACRA for AR Submission 300 per 2 months
Application to file revised Financial Statements to ACRA 300
Handling of penalties From 50 per case
Change of Financial Year End  100
 * The above fees exclude GST (7%).

  

Type of Company

Number of Transactions  Note 3

Amount -  EUR

Amount -  SGD

Amount -USD

Standard fee – Dormant Company (Note 6)

-

350

600

480

Active

Up to 10

Up to 450

Up to 780

Up to 620

Active

Up to 30

Up to 600

Up to 1000

Up to 800

Active

Up to 50

Up to 700

Up to 1200

Up to 950

Active

Up to 100

Up to 1000

Up to 1720

Up to 1350

Active

Up to 200

Up to 1400

Up to 2400

Up to 1875

Active

Above 200

Note 7

Note 7

Note 7

* Please note – all fees exclude GST (7%). GST will be added where applicable.


NOTES:

  1. The above fees exclude GST (7%).
  1. Any out of pocket expenses are excluded.
  2. The number of transactions is calculated by taking into account the following:
  • No of sale invoices
  • No of purchase invoices
  • No of Bank transactions (payments, receipts, bank charges and bank interest)
  • No of other transactions (administrative expenses, selling and distribution expenses, depreciation, taxes etc.)               

For example: A company at its financial year from 1/1/2012 until 31/12/2012 had 6 sale invoices and 6 purchase invoices that were paid through bank transfers (and therefore 3 bank deposits and 3 bank payments), 4 quarterly bank interest, 4 quarterly bank charges and 7 other transactions (1 audit invoice, 1 bookkeeping invoice, 1 director fees invoice, 1 secretary fees invoice, 1 utility bill payment, 1 tax payment and 1 Company House Levy payment) that were paid in cash. The total number of transactions is calculated as follows:

 

Transaction type

Total

Sale transactions

6

Purchase transactions

6

Bank transactions (6+6+4+4)

20

Other transactions

7

Total

39

 

Therefore for this company for the bookkeeping for the year from 1/1/2012 until 31/12/2012 the total of transactions is 39 (Up to 50 transactions) and an indicative quotation is as follows:

 

Transactions

EUR

Standard fee

350

39 transactions (700-350)*39/50=

273

Total

623

 

  1. The above fees are given for indication purposes only and cannot be considered as final. Final quotations will be given upon presentation of the appropriate documentation. These will be based on complexity of transactions and issues to be resolved.
  2. Each agreement/contract, investment and loan, is charged on fixed amount as per the below:

 

Contracts/Agreements

EURO

USD

SGD

1

50

60

80

 

  1. Dormant companies are considered as the companies that have only share capital and professional services invoices (audit fees, bookkeeping fees, secretary fees etc.).  If a company has an active bank account, it is not considered as dormant.
  2. For companies with over 200 transactions fees will depend upon actual volume and complexity of transactions.

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