New business Incorporation

Before starting your new business, do you have a good understanding of the different business structures?
Click here to find out more.

Decided on the appropriate structure for your business? Our team of professionals will provide you the assistance in the formation of the business, to ensure compliance with the statutory requirements.

Unsure which type of structure to conduct your business activities? Approach our team who will understand your business operations and requirements before advising you on the appropriate business structure.

Company Secretarial Services

Secretarial Services are performed by the Company Secretary. Our professional fee can be found under "fees" page.

Singapore Companies Act states that every company is required to appoint a Company Secretary within 6 months of the date of incorporation. The Company Secretary who performs the legal requirement for Singapore registered companies must be an ordinary Singapore resident and have sound knowledge of the Companies Act.

As a nominee Company Secretary, our experienced secretarial team will responsible to take care of the duties of Company Secretary, which include:

  • Keeping and updating of statutory registers books.
  • Filing to ACRA all changes in Statutory Records.
  • Prepare AGM documents and Annual Return filing with ACRA.
  • Preparing all the resolutions as and when required, up to 5 standard resolutions per year.
  • Safe keeping of corporate seal.
  • Reminding of compliance before due dates.
  • Advise on corporate secretarial compliance issues.

Accounting/ Book-Keeping

Every business is required to maintain the accounting records in compliance with the Singapore Companies Act and Singapore Financial Reporting Standards.

Focus on developing and growing your business, and leave the tedious task of book keeping to us. By outsourcing your accounting functions, you can enjoy immediate cost savings compared to employing a full time accounting staff and be able to focus your resources on building your business.

Our accounting services include:

  • Monthly/Quarterly/Yearly book-keeping.
  • Group consolidation.
  • Preparation of audit schedules and liase on behalf with auditors.
  • Adhoc management reports and forecast.

Compilation

Does your company fulfill the following conditions to be exempted from audit:

  • An Exempt Private Company ("EPC"), whereby there are no corporate shareholders in the company and the number of shareholders in the company is not more than 20.
  • Annual revenue of the company does not exceed $5 million for financial years starting on and after 1 June 2004.
  • Maintain proper accounting record.
  • Prepare financial statement in accordance with the Singapore Financial Reporting Standards (SFRS) and submitted to IRAS (Inland Revenue Authority of Singapore).
  • An audit is not requested by:
    • Shareholders holding not less than 5% interest in the Company’s share capital; or
    • Registrar of Companies and Businesses (ACRA); or
    • Other Government Authorities/Financial Institutions/Creditors.

Companies exempt from audit and filing requirement are still required to prepare a full set of financial statements prepared in compliance with the Singapore Companies Act Cap. 50 and Singapore Financial Reporting Standards ("SFRS"). The financial statements should include explanatory notes and accompanied by the Directors' Report and the Statement by Directors (Compilation).

Leave this to our team of qualified professionals, who has good knowledge of the regulatory requirements.

Payroll

One of the most important, albeit time-consuming, tasks for all businesses is the preparation of payroll and payment of salary.

Leave this to our experienced team of professionals who will perform the payroll function for you, ensuring that payments to staff and authorities are on time and complies with statutory requirements. This minimizes errors while maximizing productivity, and be rest assured that we will maintain the confidentiality of all payroll information provided to us.

Our payroll services include:

  • Integrating and facilitating salaries payment and CPF contributions.
  • Calculating pro-rated salary and bonuses.
  • Generating annual Income Tax Return (IR8A).
  • Assessment and submission of tax clearance (IR21) for work pass holders.

Tax – income/corporate/GST

Taxes are at the top of the agenda for any entrepreneur, and one of the key considerations for setting up a business anywhere in the world.

Our team of tax professionals can assist you and your business in all tax matters, including:

  • Personal income tax.
    • Sole proprietors/expatriate tax services.
    • Responsibilities as an employers for IR8A, IR21, tax treatment on employee remuneration.
    • Tax advisory on compliance.

  • Corporate tax matters.
    • preparation/filing of ECI.
    • tax computation preparation.
    • filing of Form C.

  • GST.
    • Registration.
    • Form 5 filing.
    • Compliance.

XBLR

Singapore companies (with the exception of exempt private companies) are required to file a full set of financial statements in the XBRL (eXtensible Business Reporting Language) format with effect from 3 March 2014.

We can assist in the conversion of the financial statements into XBRL format, freeing up your time to focus on what is needed to grow your business.

Nominee director

Singapore Companies Act requires every Private Limited company has a minimum of one local resident director i.e. Singapore Citizen, Singapore Permanent Resident or Singapore Employment Pass holder.

If you do not have a local Singapore resident director to meet statutory requirements or would like to maintain confidentiality/anonymity of your identity, you can engage our Nominee Director Service. We will provide you the service of a local Nominee Director, who is ordinarily resident in Singapore, for your company. The nominee is director in name only and will not be involved in operational, management or financial matters of the company.

Virtual Office

Our virtual office service offers you the comforts and stability of a fixed office, but saves on the hassle and additional costs. We provide a range of professional office services including:

  • Business Address - Our company can offer you a CBD business address with mail forwarding on a weekly, bi-weekly, or monthly basis, depending upon your needs (postage extra). This address can be used on your business cards, letterheads and corporate collaterals.
  • Phone/Fax Number - A dedicated phone number, which is forwarded to your phone or answered by a receptionist.
  • Mail Forwarding services - Mailbox with email alerts, which you can self-collect or have them forwarded to you.
  • Meeting Rooms - Use of meeting facilities, so that you can meet your clients at the virtual office address.
  • Secretarial Services - Instruct the office to help you deposit cheques that came in through mail, for example.

Provision of Singapore registered office business address & mail forwarding services.
A local business address is required when registering a Singapore Company. This address will be the official corporate address for all official communications pertaining to the business.

The fee for the provision of registered office address, including mail collection and forwarding, will be charged at S$20 per month or S$240 per annum onwards, depending on the volume of mails to be received and forwarded. The monthly charges exclude costs of forwarding the mails to your designated place of preference.

Striking off/De-Registration of a Singapore Company

Singapore Companies Act allows ACRA to strike a company off the Register if there is a reason to believe that the firm has ceased operations or has met certain conditions. The Singapore Companies Act allows ACRA strike a company off the Register if there is a reason to believe that a company has ceased operation or has fulfilled certain conditions.

Please contact us to find out more about the conditions for striking off.
The fee for striking off/de-registration of a Singapore Company will be charged at S$500 one time.