How much does it cost to set up a company in Singapore?

Cost of setting up a company in Singapore

From

US$ 799

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1. Singapore company formation service fees

Type of Company	Service fee for 1st year	Service fee for year 2+	Government fee & Service charged
Exempt Private Limited Company (Pte.Ltd)	US$ 1,039.00	US$ 909.00	US$ 1,695.00	Company kit Order Now
Public Limited Company	US$ 3,238.00	US$ 3,108.00	US$ 2,100.00	Company kit Order Now

2. Open bank account service fees

Belize

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.belizebankinternational.com Belize Bank International	USD 1,000	1 - 2 weeks	Remote Application	US$ 899
www.cayebank.bz Caye International Bank	USD 1,000	1 - 2 weeks	Remote Application	US$ 899

British Virgin Islands

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.bankasia.com/ Bank of Asia	US$ 20,000	1-2 weeks	Remote Application	US$ 899

Canada

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.dnbcgroup.com/ DNBC Financial Group	EUR 3,000	3-5 working days	Remote Application	US$ 0

Cayman Islands

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.cibcfcib.com/ FirstCaribbean International Bank	US$ 10,000	1-2 weeks	Remote Application	US$ 899

Hong Kong

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.currenxie.com/en-hk/ Currenxie	Not required	3-5 working days	Remote Application	US$ 899
https://www.airwallex.com/ Airwallex	Not required	3-5 working days	Remote Application	US$ 899
https://statrys.com/ Statrys	Not required	3-5 working days	Remote Application	US$ 899
https://www.rapyd.net/ Rapyd	Not required	3-5 working days	Remote Application	US$ 899

Malaysia

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.sc.com/my Standard Chartered Bank (Malaysia)	USD 20,000	4-6 working days	Personal Visit	US$ 899

Mauritius

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.maubank.mu/en MauBank Ltd	5,000 (GBP, USD, EUR, CHF, AUD or ZAR: 5,000)	1 - 2 weeks	Remote Application	US$ 2600
www.bankone.mu Bank One	USD 5,000	1 - 2 weeks	Remote Application	US$ 2600

Puerto Rico (U.S. territory)

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.cbibank.com/ CB International Bank	Not required	1 - 2 weeks	Remote Application	US$ 899

Saint Kitts and Nevis

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.imbltd.com/ International Merchant Bank Limited	US$ 25,000	1-2 weeks	Remote Application	US$ 899
www.boniltd.com Bank of Nevis International	USD 10,000	1 - 2 weeks	Remote Application	US$ 899

Saint Lucia

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://stlucia.provenbank.com/ PROVEN Bank	US$ 5,000	1-2 weeks	Remote Application	US$ 899

Singapore

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.inft.co/ IN Financial Technologies	Not required	3-5 working days	Remote Application	US$ 899
www.dbs.com.sg DBS Bank Limited	USD/SGD 100,000	2 - 4 days	Personal Visit	US$ 899
https://aspireapp.com/ Aspire	Not required	3-5 working days	Remote Application	US$ 899
https://www.wallex.asia/ Wallex	Not required	3-5 working days	Remote Application	US$ 899
www.ocbc.com OCBC Bank	SGD 30,000	2 - 4 days	Non-Singapore companies, Personal visit required at nearby branch	US$ 899
www.hsbc.com.sg HSBC Singapore Ltd	SGD 30,000	5 - 7 days	Personal Visit	US$ 899
www.sc.com/sg Standard Chartered Bank Limited	SGD 30,000	4 - 6 days	Personal Visit, SG resident OR SG Company	US$ 899
www.uobgroup.com United Overseas Bank Limited Co	USD/SGD 25,000	Preliminary Review: 3-4 Working Days	Personal Visit	US$ 899

Switzerland

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.cimbanque.com CIM Banque	USD/CHF 10,000	1 - 2 weeks	Remote Application	US$ 899

United Arab Emirates (UAE)

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.emiratesislamic.ae Emirates Islamic Bank	AED 10,000	1 - 2 weeks	Personal Visit	US$ 899

United Kingdom of Great Britain and Northern Ireland

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://multipass.co/ MultiPass	Not required	3-5 working days	Remote Application	US$ 899

United States of America

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://mercury.com/ Mercury	Not required	3-5 working days	Remote Application	US$ 899

Vanuatu

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.pacificprivatebank.com Pacific Private Bank	USD 1,500	1 - 2 weeks	Remote Application	US$ 899

3. Tax – Accounting & Auditing service fees

3.1. Bookkeeping

Amount (Transactions)	Fee
Below 30	US$ 650
30 to 59	US$ 750
60 to 99	US$ 1,050
100 to 119	US$ 1,210
120 to 199	US$ 1,450
200 to 249	US$ 1,520
250 to 349	US$ 2,025
350 to 449	US$ 2,830
450 and above	To be confirmed

Services fee of Financial Statement Compilation and XBRL Services
from US$ 495

3.2. Taxfilling

	Tax Return
	*ECI ()**	Form C-S	Form C
Company	US$ 500	US$ 499	US$ 699

Form	C-S	The company must meet all the four criteria in order to file Form C-S (*).
Form	C	If your company does not qualify to file Form C-S, you must submit Form C

4. Nominee Service fee

Services	Service fee	Description
Nominee shareholder	US$ 899
Nominee director	US$ 1500
Power of attorney (POA) documents	US$ 649	Nominee director’s signature only
Power of attorney with certification by public notary	US$ 779	Certification by notary of detail documents of POA
Declaration of trust (DOT)	US$ 649
Declaration of trust (DOT) with certification by public notary	US$ 779	Certification by notary of detail documents of DOT
Power of attorney (POA) with apostille documents	US$ 899	Certification on documents by General Registry/Court
Courier fee	US$ 150	Courier the original document to your residential address with express services (TNT or DHL)
Nominee Trustor	US$ 1299
Nominee Trustee	US$ 1299
Nominee Council	US$ 1299
Nominee Founder	US$ 1299

Notes:

Service fee is per annum/per appointment.
The service fee does not cover the fee for couriering the original copy of the POA or DOT to your residential address.
You can open a bank account for your company with the POA and/or DOT we provided.
Certification by public Notary or Apostille is required for nominee services in Hong Kong, United Kingdom and Singapore.
An apostille is a certification and legalisation of documents by the government, normally the General Registry/Court of the local country.

5. Serviced Office fee

5.1. Virtual Office

Period	Fee (US$/month)
3 months	US$ 199
6 months	US$ 189
12 months	US$ 179

Service Retainer: 2* Unit price (If you make full payment for the contract period, you do not need to pay Service retainer. If you pay monthly, you have to pay Service retainer and Service retainer fee will be refunded to clients after contract terminated within 5 working days).

5.2. Dedicated Office Plan

Period	Fee (US$/month/seat)
3 months	US$ 399
6 months	US$ 369
12 months	US$ 329

5.3. Co-Working Plan

Type	Fee
Day - pass	US$ 29/pax/day
Visitor	US$ 135/pax/ 5 days
Common	US$ 499/pax/month

5.4. Meeting Room

Time	Fee
1 hour	US$ 79
Half day	US$ 159

6. Intellectual Property & Trademark service

Services fee	Government fee	Time frame
US$ 299	US$ 251	6 months

7. Business Licensing fee

License Name	Time frame	Fee
1. Services-Based Operator (SBO) License	10 days	US$ 4,900
2. Money Service Operators Licensing Guide	7 days	US$ 4,500

8. Company Renewal fee

Type Of Incorporation	Fees	Due Date
Exempt Private Limited Company (Pte.Ltd)	US$ 4,104.00 Government Fee: US$ 1695 Service Fee: US$ 909 Local Director: US$ 1500	Anniversary date
Public Limited Company	US$ 6,708.00 Government Fee: US$ 2100 Service Fee: US$ 3108 Local Director: US$ 1500	Anniversary date

Set up company in Singapore

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