Fees and timelines

Fees

Singapore LLC company registration costs in Year 1 amount to US$1,940 and annual company costs in Year 2 and thereafter amount to US$600. Average business set up engagement fees approximate US$13,223 including i) company incorporation ii) multi-currency corporate bank account opening iii) resident director services  and iv) government fees. Refer to the sample draft invoice below for further information on the costs of setting up a company in Singapore.

Different Singapore entity types Cost
Tax resident LLCUS$13,223
Legally tax exempt LLCUS$12,246
Free zone companyUS$13,340
Branch of a foreign companyUS$13,063
Representative officeUS$12,361
Subsidiary LLCUS$11,990
Holding company LLCUS$12,030
PLC companyUS$18,080
LLC with employment visaUS$18,210
Non resident LLC with international merchant accountUS$16,440
Tax resident LLC with international merchant accountUS$16,440
Fast business setup solutionUS$16,610
Limited liability partnershipUS$12,138
Limited PartnershipUS$12,138
Bitcoin companyUS$17,253
Singapore licensed cryptocurrency platform companyUS$36,810
Singapore licensed payment services companyUS$35,085
Non-resident SVF companyUS$18,690
Money remittance companyUS$34,610
Money remittance and changing companyUS$38,610
Singapore company limited by guaranteeUS$14,746
Non-resident LLC with Eastern European bankUS$12,246
Fintech company with Sandbox licenseUS$26,610
Singapore tax resident LLC transfer-inUS$10,755
Singapore exempt LLC transfer-inUS$9,584
LLC turnkey offshore solution with Turkey bankUS$18,526
Singapore Resident LLC Annual Renewal LLCUS$9,765

Click here to create your own Singapore invoice

Select the services you require and get the total fees at end of this table:

Select Service Fee (US$) Frequency
Company incorporation1,940One time
Company secretary and legal registered office1,200Annually
Singapore corporate bank account opening4,950One time
Resident director services3,900Annually
Residence and employment visa3,950One time
Singapore employment visa appeal950One time
Professional, passive nominee shareholder2,100Annually
Both nominee shareholder and director6,600Annually
Year end accounting and tax fees2,700Annually
Quarterly GST reporting services (active entity)950Quarterly
Quarterly GST reporting services (dormant entity)450Quarterly
Preparation of the annual tax return (active company)900Annual
Preparation of the annual tax return (dormant company)450Annual
Monthly bookkeeping service (estimate)550Monthly
Offshore corporate bank account opening4,950One time
Corporate merchant account approval4,950One time
Corporate brokerage account approval2,950One time
Government grants assessment3,950One time
Find local office premises for your staff4,950Monthly
Rent CLA Consultants office space1,650Monthly
Business website building2,500One time
Phone answering service900Annually
Office mail service900Annually
Fax forwarding service600Annually
Business stationery design with logo950One time
Monthly payroll for staff550One time
CPF set up for staff950One time
Staff recruitment7,950One time
Listing on the Singapore Stock Exchange (SGX)49,750One time
Trademark registration4,950One time
Find an apartment for your staff4,950One time
Find corporate finance5,000Retainer fee
M&A advisory5,000Retainer fee
Hedge fund set up5,000Retainer fee
Establish a legal trust5,000Retainer fee
Adding one shareholder to an existing company400One time
Transferring the shares of one existing shareholder to a new one450One time
Total fees (US$)0

Timelines

The average Singapore engagement time period is 3 months as outlined below:

Service LLC / Holding / Subsidiary Legally tax exempt LLC Free zone company Branch RO PLC LLP
Engagement Planning1 week1 week1 week1 week1 week1 week1 week
Company incorporation period1 week1 week1 week1 week1 week1 week1 week
Bank Account approval2 months2 months2 months2 months2 months2 months2 months
Internet Banking approval2 weeks2 weeks2 weeks2 weeks2 weeks2 weeks2 weeks
Engagement completion1 week1 week1 week1 week1 week1 week1 week
Total engagement period3 months3 months3 months3 months3 months3 months3 months
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Contact us

For more info on company registration, please contact our expert directly:

Mr. Petar Chakarov
Senior Manager, Sales & Business Development
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