For Local / Foreign Entrepreneur

Additional Note

Company Formation

The service includes:

• Name reservation

• Professional Incorporation consultation

• Due Diligence Process

• Advisory on compliance requirements

• Preparation of incorporation documents

• Registration with Registrar of Companies

• Bank account opening assistance

• Electronic Certificate of Incorporation

• Company profile extract form Registrar of Companies

• Minutes of first board meeting

• Share certificates

• Company rubber stamp and seal worth S$100

• Government processing fee worth S$350

Corporate Secretary

Our annual company secretary retainer fee is for routine corporate secretarial services which include:

• Appointing a qualified company secretary

• Reminding you of the various statutory compliance dates

• Safekeeping and maintaining statutory records of the company

• Preparation of AGM and Filing of Annual Return with ACRA

Company Registered Address

Our registered address service consists of:

• Listing our address as your company’s registered address with ACRA

• Receiving incoming mail for your company and forwarding it to you as per your instructions.

Company Bank Account Opening

• Account opening is subject to bank's compliance approval

• Our support is only refer you to our panel bank and prepare the company documents to the banker for processing

• Currently our panel banks are OCBC, UOB, HSBC, CITIBank, Maybank and DBS (Only Premiere Account)

• Should you wish to work with other bank and require our nominee director or Secretary to visit the bank branch, additional fee of S$200 (excluding GST) will apply

Nominee Local Director

Singapore Law does not differentiate between nominee and executive director. When we act as the nominee director, we do carry certain risk and responsibility. 

​

Our Responsibilities:

• We will appoint a member of our team as the nominee local director for your company

• The service is offered for statutory compliance only. The nominee director will not be involved in any management, financial, or operational matters of the company.

• We cannot act as the sole director for your company. You are required to appoint a second director (or more) who can be a foreign individual to manage the company's operation

• You can ask our nominee director to resign at any time by identifying another person who can satisfy the local director requirement.

Your Responsibilities:

• We will charge you an annual fee for providing this service.

• We will also collect a refundable security deposit from you. Such deposit amount will be reviewed and revised from time to time subject to our internal risk assessment (such as non-compliance of local authority requirements) and dependent on the increased requirement from the company (such as GST registration). The security deposit is refundable upon termination of our nominee director service.

• You must subscribe to our annual secretarial and registered address service.

• You must subscribe to our annual tax filing service.

Employment Pass

The service includes:

• Immigration consultation 

• Reviewing the supporting documents

• Submit, follow up and issuance of the pass

• One appeal within 3 months from the date of rejection as per MOMs guideline.

• One free resolution to appoint new Director

• Disbursement to authority