Company Registration

COVID-19 (“Coronavirus”) Advisory

As part of ContactOne’s effort to help combat and mitigate the spread of COVID-19 (“Coronavirus”), we have made amendments to our verification process.

Instead of conducting the usual face to face meeting with our valued clients, clients may now submit the relevant documents listed below to us via email and we will conduct video calls to continue with the verification and due diligence procedures required to register a Company.

A face to face meeting can be set up at a late date.

We thank you for your understanding

Singapore Company Registration Service

Registration of a Private Limited Company in Singapore

It is now less costly to sign up for any of the following company registration plans compared to setting up a company on your own and finding a company secretary after you have registered the company! Our company registration plans waive all company registration service fee. What you are paying for will be just the ACRA government fee of $315 PLUS a discounted fee for the bundled corporate services which includes company secretarial, accounting and tax services.

ContactOne Professional Services is a professional firm registered with ACRA to act on behalf of business owners in their company registration. You can engage us to incorporate your company to enjoy greater convenience and most importantly, the peace of mind that your company is set up by company incorporation specialists.

Our Company Registration Service Packages are tailored to provide you with the essentials of a new company, and you can be assured that we will be there to support you and your company after incorporation.

Plan Value Plan Enhanced 18mth Plan Enhanced 24mth Plan Premier Plan Comprehensive Plan
Pricing

$600

$650

$750

$1300

$1750

Enquire Now Enquire Now Enquire Now Enquire Now Enquire Now
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Company Registration Service Fee $0 $0 $0 $0 $0
includes ACRA Government Fee $315 $315 $315 $315 $315
includes Corporate Services worth $416 $611 $806 $1261 $1711
Company Secretary 12 months 18 months 24 months 18 months 18 months
Financial Statements Compilation    
Corporate Tax Services for First Accounting Year (Tax Computation, ECI and Form CS Filing    
Bookkeeping Services up to first 100 accounting transactions
All Plans include:

Constitution of the Company

ACRA Company Profile

E-Notice of Incorporation

First Directors’ Resolutions

Share Certificates

Self-Inking Rubber Stamp

ACRA Annual Return (when due)

Selected Bank Account Opening Assistance

         
Optional Company Registered Address with top up of $100. (usual fee: $120 per year) 12 months 18 months 24 months 18 months 18 months

 

# Cloud Accounting Sign Up is available for all ContactOne clients. First month Premium Trial available for free. Free for use subsequent to first month with limited functionalities. ContactOne Clients enjoy preferential rates for Premium Sign up at less than $100 per annum.

Company Registration Related Services

Company Registration Service only S$ 385
Add-on Fee for Mail Forwarding Service to Registered Address Service S$ 120
Add-on Fee for Mail Scanning Service to Registered Address Service S$ 120
Add-on Fee for Conversion from Sole Proprietor/Partnership to Company S$ 100
Add-on Fee for Inclusion of Each Corporate Shareholder S$ 100
Add-on Fee per Individual from the 5th Director/Shareholder onwards S$ 25
Add-on Fee for Common Seal S$ 60
Add-on Fee for Additional Company Stamp S$ 26
Add-on Fee for GST Registration Application S$ 200
Add-on Fee for CPF Registration Application S$ 100
Add-on Fee for Purchase of Hard Copy Certificate of Incorporation S$ 75

Documents to Bring

For Singapore Residents (including Singapore Permanent Residents and Eligible EP / DP / LTVP / Student Pass Holders)

The process is fairly simple. All you need to do is to come to our office with your identity cards (NRIC or FIN).

If all the relevant documentation and information required are in place, we will be able to incorporate your company within 30 – 45 minutes.

We encourage you to make an appointment with us prior to the incorporation date to ensure that your waiting time is minimized.

 

For Singapore Residents partnering Foreign Residents

For Singapore Residents all you need to do is come to our office with your identity cards.

For Foreign Residents, there are 2 methods for us to verify your personal information and your participation in the company.

Method 2 
Applicable for foreign residents who are NOT physically in Singapore

We will provide you with a Letter of Intent to incorporate a Singapore company for your authorization.

Please arrange for the Letter of Intent and a copy of your passport to be notarized by a notary public in your location.

Kindly note that non-English documents will need to be translated to English when you are notarizing your documents.

A proof of residence document is required but need not be notarized. This can be a credit card statement or utilities bill which has your printed residential address.

We will proceed with the incorporation upon receipt of the following :

  • Original Notarized Letter of Intent
  • Original Notarized Copy of Passport
  • Proof of Residence Document

 

For Foreign Residents

Important Note to Remember: Please note that every Singapore Company requires at least ONE director who is ordinarily a resident in Singapore. A resident director is an individual who is a Singapore Citizen, Singapore Permanent Resident or an Eligible Employment Pass Holder who is residing in Singapore with a valid Singapore address.

If you intent to set up a Singapore Company and has no resident director, your options are :

  1. To find a Singapore contact (family member or friend) who is willing to assume the role as the resident director of the Company
  2. Engage a nominee director to act as the resident director of the Company. You may wish to speak to us to find out more about nominee director service and assess whether it is suitable for your business.

For Foreign Residents, there are 2 methods for us to verify your personal information and your participation in the company.

Method 2 
Applicable for foreign residents who are NOT physically in Singapore

We will provide you with a Letter of Intent to incorporate a Singapore company for your authorization.

Please arrange for the Letter of Intent and a copy of your passport to be notarized by a notary public in your location.

Kindly note that non-English documents will need to be translated to English when you are notarizing your documents.

A proof of residence document is required but need not be notarized. This can be a credit card statement or utilities bill which has your printed residential address.

We will proceed with the incorporation upon receipt of the following :

  • Original Notarized Letter of Intent
  • Original Notarized Copy of Passport
  • Proof of Residence Document

 

For Companies with Corporate Shareholders

If you are intending to set up a company with one or more corporate shareholders, the following additional documentation are required for the purpose of incorporation.

A Board Resolution from the Singapore Company that authorizes a specific person (usually the director) to act on behalf of the Corporate Shareholder in the incorporation process, including signing off on incorporation papers.

A Board Resolution to approve of the setting up of a Singapore Private Limited Company. We recommend that key information including who will be the first directors, who are the other shareholders, the shares to be held by the Corporate Shareholder and the total Share Capital on incorporation of the new company be discussed and approved by the Directors of the Corporate Shareholder. Alternatively, you can also vest the power to decide on such matters in the authorized person acting on behalf of the Corporate Shareholder.

For Singapore Companies, a copy of a recent Company Profile document from ACRA. For Foreign Companies, Company Profile document from country of domicile and Certificate of Incorporation.

Corporate Tax Incentives applicable only to Private Limited Companies

Tax Exemption Scheme for New Startup Companies

The tax exemption scheme for new startup companies (effective for financial years ending 2019 and after) is introduced to support entrepreneurship and help our local enterprises grow. Under this scheme, qualifying new companies are allowed the following incentives for 3 consecutive tax years:

 

  1. 75% of the first $100,000 chargeable income is exempted from tax
  2. 50% of the next $100,000 chargeable income is exempted from tax
  3. A company qualifies for this scheme if
    1. it is incorporated in Singapore;
    2. is a tax resident of Singapore;
    3. has less than 20 shareholders, of which at least 1 shareholder is holding on to at least 10% of the issued ordinary shares; and
    4. is not an investment holding company, including companies who is in the business of sale of property or holding property for investment purpose

 

Minimum Requirements of a Private Limited Company

In order to successfully set up a Private Limited Company, you will need to have

  • Minimum of 1 Singapore Resident Director
  • Minimum of 1 Shareholder (capped at 50)
  • Minimum of S$1 Share Capital
  • A Company Secretary
  • A Singapore Registered Address
Pre-Registration Activities