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Incorporate in Labuan (Malaysia)
1 × $4,300.00
Subtotal: $4,300.00
Incorporate in Singapore
$550.00
Set up a Singapore company limited by shares
Singapore is the trading hub of Southeast Asia. Home of the busiest port in the world, Singapore is a developed country in one of the fastest growing regional economies.
It has enormous potential for startups and internet entrepreneurs from all over the world. The country fosters entrepreneurship, and the government supports the free market.
One of the most advantageous parts of doing business and set up a company in Singapore is the clear and transparent tax scheme and the availability of several tax breaks and incentives for startups and technological innovation.
Furthermore, companies incorporated in Singapore can benefit from a broad list of more than 70 tax treaties that Singapore has concluded with foreign jurisdictions.
Singapore is an excellent jurisdiction to incorporate and its private company limited, a powerful vehicle for international trading, tech start-ups, internet entrepreneurs, venture capital and fintech businesses.
Learn more:
Singapore Incorporation Services
Note that our incorporation and annual fees are all “all-included fees”, and cover all the required services, duties, disbursements, and procedures to incorporate a Singapore company, and keep it in good standing.
Singapore Private Limited Company Formation – USD 550.00 (one-off)
Incorporation of a Singapore Private Limited Company, which includes:
- drafting and providing the Constitution of the Company
- drafting and providing the Nominee Director Service Agreement
- preparing the Director’s Acceptance Letter (Form 45)
- filing the Company with the Singapore Accounting and Corporate Regulatory Authority (ACRA)
- ACRA company registration fees
- providing the ACRA BizFile
- drafting and providing the First Board Resolution for the Share Allotment and the appointment of Directors, Secretary and Registered Office, and other related matters.
- providing the Share Certificate(s)
- preparing and providing the Register of Nominee Directors
- preparing and providing the Register of Controllers
- providing certified true copies of all constitutional documents, and delivery to the client’s mailing address, inclusive of courier fees.
Local Director Services – USD 3,000.00 p.a. (annual fee)
All Singapore Companies must have at least one director who is a Singaporean citizen or permanent resident.
Our Local Director Service includes the appointment of a Singaporean resident director to act as nominee director of the Company, in order to comply with statutory requirements of the Companies Act, as well as any ongoing assignment such as the execution of board resolutions.
Nominee Director Refundable deposit – USD 1,600.00 (one-off refundable deposit) (Returned once the professional relationship with the nominee director concludes.) As the Local Director and Secretary bear liability towards the acts of the company and can lose the permission/license from ACRA if their companies are not in good standing, this deposit serves as a bond to be used to strike off the company in case the client abandons the company.
Corporate Secretary Services – USD 750.00 p.a. (annual fee)
All Singaporean Companies must appoint a corporate secretary who must be an individual ordinarily resident in Singapore.
Our services include the appointment of a Singaporean resident chartered secretary to act as secretary of the Company, in order to comply with statutory requirements, as well as:
- preparing the annual general meeting notices, meeting minutes, written resolution in lieu of board meeting, and related matters, as required
- signature of board resolutions and other corporate documents, as required
- maintaining the minute book and statutory records
Registered Office Services – USD 300.00 p.a. (annual fee)
All Singaporean companies must maintain a Registered Office situated in Singapore.
- providing a registered office to the Company that complies with the requirements set out in the Companies Act
- providing a business address
- providing mail-scanning services
Singapore Bank Account Opening Services – USD 500.00 (one-off)
Assistance in opening a bank account for the Company in a Singaporean-licensed bank (DBS, OCBC, UOB, Citibank or RHB), which includes:
- advising on and assisting in the completion of the Bank’s KYC and questionnaires, bank account application forms, and related documentation, as required
- managing the bank account opening procedure
- advising on the meeting with the Bank’s relationship manager
- arranging a meeting with the Bank’s relationship manager for bank account opening (video-conference)
- introducing the Client to the Bank’s relationship manager
We assist you in opening a bank account in Singapore.
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Singapore Bank Account - USD $ 500.00
Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsSingapore Bank AccountSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountSGD 200,000NoMulticurrency, USD, SGDYesThey can only onboard Singapore companies that has a office set up in Singapore. A face to face is required for the meeting and office visit for KYC.Singapore Bank AccountUSD 3,000,000NoUSD, SGDYesSingapore Bank AccountSGD 250,000NoMulticurrencyNoNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountSGD/USD 30,000NoSGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USDYesNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountUSD 30,000NoUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountN/ANoMulticurrency, SGD, USDYesNexus in the form of client/supplier/partner/contractor in Singapore required. Can only open an account for citizens where SC has a presence.Singapore Bank AccountSGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.
Note that we can also open overseas bank accounts for Singapore companies in the following offshore jurisdictions:
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Andorra Bank Account - USD $ 1,200.00
Andorra Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAndorra Bank AccountUSD 500,000YesUSD, EUR, CHF, CAD, AUD, SEK, NOK, NZDYesPrivate Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.
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Antigua Bank Account - USD $ 300.00
Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAntigua Bank AccountUSD 10,000YesUSD, EURYesIn euros DBank processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.Antigua Bank AccountUSD 25,000YesUSD, EUR, GBPYesCash Secured Visa Credit CardAntigua Bank AccountUSD 5,000YesUSD, EURYesUnionPay Cards work without inconvenience in the USA.
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Armenia Bank Account - USD $ 1,200.00
Armenia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsArmenia Bank AccountUSD 50,000YesEUR, USD, RUB, AMDYesBusiness connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
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Bahamas Bank Account - USD $ 500.00
Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBahamas Bank AccountUSD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only.Bahamas Bank AccountUSD 10,000,000NoMulticurrencyYesPrimary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.Bahamas Bank AccountUSD 1,000,000YesMulticurrencyYesCredit Card available on a case by case basis.Bahamas Bank AccountUSD 1,000,000YesMulticurrencyYesRemote account opening is possible, but the bank will visit the client within first year after opening.Bahamas Bank AccountUSD 500,000YesUSD, EURYesPrepaid debit card available.
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Belize Bank Account - USD $ 300.00
Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBelize Bank AccountUSD 4,000NoEUR, GBP, USDYesBelize Bank AccountUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesPrepaid Visa cards available.Belize Bank AccountUSD 3,000YesMulticurrencyYes
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BVI Bank Account - USD $ 900.00
BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBVI Bank AccountUSD 20,000NoUSD, GBP, HKDYesBank of Asia does not onboard corporations who have a connection in US and Russia.BVI Bank AccountUSD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
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Cayman Islands Bank Account - USD $ 900.00
Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCayman Islands Bank AccountUSD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesCayman Islands Bank AccountUSD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYesNCB Cayman Bank offers trading, private and investment bank accounts
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Cook Islands Bank Account - USD $ 600.00
Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCook Islands Bank AccountUSD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00
Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCuraçao Bank AccountUSD 100,000NoMulticurrencyYesInternet Banking only for viewing the account, not for operatingCuraçao Bank AccountN/AYesMulticurrencyYes
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Cyprus Bank Account - USD $ 1,200.00
Cyprus Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCyprus Bank AccountN/AYesMulticurrencyYesSupports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
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Dominica Bank Account - USD $ 300.00
Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDominica Bank AccountUSD 15,000YesUSD, EUR, GBP, CHFYesDominica Bank AccountUSD 15,000YesUSD, EUR, GBPYesDominica Bank AccountN/ANoMulticurrencyYesSWIFT transactions are carried out only through a pool account in the name of the bank.Dominica Bank AccountN/ANoMulticurrencyYesDominica Bank AccountN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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Gibraltar Bank Account - USD $ 1,200.00
Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsGibraltar Bank AccountN/ANoMulticurrencyYesGibraltar Bank AccountUSD 200,000NoUSD, EUR, GBPYes
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Hong Kong Bank Account - USD $ 1,400.00
Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsHong Kong Bank AccountHKD 100,000YesMulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.Hong Kong Bank AccountHKD 200,000YesHKD, USD, MulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00
Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsIsle of Man Bank AccountN/ANoUSD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGNYesPreferred industries: Asset Holding Entities, e-sports, yachting, aviation, e-commerce, internet sales and trading, business consultancy, advertising and marketing, property development and management.
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Labuan Bank Account - USD $ 500.00
Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsLabuan Bank AccountUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesLabuan Bank AccountUSD 250,000NoMulticurrencyYesLabuan Bank AccountUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.
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Liechtenstein Bank Account - USD $ 1,200.00
Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsLiechtenstein Bank AccountUSD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
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Mauritius Bank Account - USD $ 600.00
Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMauritius Bank AccountUSD 50,000NoMulticurrencyYesMauritius Bank AccountUSD 50,000YesMulticurrencyYes
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Nevis Bank Account - USD $ 300.00
Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsNevis Bank AccountUSD 10,000NoUSD, EUR, GBP, Multicurrency, CHF, CADYesNevis Bank AccountUSD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesNevis Bank AccountUSD 25,000NoMulticurrencyYesNevis Bank AccountUSD 10,000NoUSDYes
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Panama Bank Account - USD $ 1,200.00
Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPanama Bank AccountUSD 50,000YesUSD, EURYesPanama Bank AccountUSD 10,000YesUSD, EUR, CHF, GBP, CADYes
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Puerto Rico Bank Account - USD $ 300.00
Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPuerto Rico Bank AccountN/AYesUSD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZARYesUnionpay Merchant service for clients.Puerto Rico Bank AccountUSD 25,000NoUSDYesTheir main focus is on commercial type, trade finance.Puerto Rico Bank AccountUSD 10,000NoMulticurrencyYesPuerto Rico Bank AccountUSD 150,000NoUSDYes
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Saint Lucia Bank Account - USD $ 300.00
Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsSaint Lucia Bank AccountN/ANoMulticurrencyYesSaint Lucia Bank AccountUSD 5,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
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Seychelles Bank Account - USD $ 500.00
Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsSeychelles Bank AccountUSD 25,000NoUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
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Switzerland Bank Account - USD $ 1,200.00
Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsSwitzerland Bank AccountCHF 500,000YesEUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AEDYesAmina Bank does not open accounts with a pure transactional business nexus.Switzerland Bank AccountUSD 10,000YesMulticurrencyYesCompanies must have a business presence in the country where they are incorporated or tax resident in the form of offices and/or employees.Switzerland Bank AccountCHF 1,000,000YesMulticurrencyYesSwitzerland Bank AccountCHF 500,000YesMulticurrencyYesSwitzerland Bank AccountCHF 5,000YesMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000.Switzerland Bank AccountCHF 3,000,000YesMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
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USA Bank Account - USD $ 1,400.00
USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountUSD 100,000NoUSDYesmin deposit USD 100k and more AND/OR with revenues of USD 1MUSA Bank Accountfrom 10,000 but preferred 250K-300KYesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.USA Bank AccountUSD 5,000YesUSDYesThe company should trade in Asia and the USA.USA Bank AccountTypically USD 25,000 - USD 50,000, for high risk USD 500,000YesUSDYesAt least one US based signatory is required. Purpose to open an account in US is required.
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Vanuatu Bank Account - USD $ 500.00
Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsVanuatu Bank Account1,500 EURNoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
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EMI Account - USD $ 300.00
EMI AccountsEMIMin DepositCardsCurrenciesRemoteDNBC (CA) (former DSBC)N/ANoEUR, CAD, GBP, CHF, HKDYesHong Kong EMI AccountN/AYesMulticurrencyYesKazakhstan EMI AccountDepending on category.NoMulticurrencyYesLithuania EMI AccountN/AYesEURYesLithuania EMI AccountN/ANoEUR, CAD, GBP, CHF, HKDYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/ANoEUR, USD, GBP, SEK, JPY, HKDYesLuxembourg EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/AYesEUR, GBPYesUnited Kingdom EMI AccountN/ANoEUR, GBPYesUnited Kingdom EMI AccountDepending on category.NoEUR, GBPYes
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Time to form the company and opening the bank account
We prepare the pre-incorporation documents within a day (Constitution, Form 45, Nominee Director Service Contract) for your review and signature. The same day we receive the executed pre-incorporation documents, we file the company with ACRA and prepare the post-incorporation documents (board resolutions, share certificates and registers). The Bizfile (Registry Extract) is issued by ACRA on the same day of filing.
With regard to the bank account, it generally takes 1-3 days to prepare the pre-screening questionnaire (subject to Client feedback), and another 1-2 days for receiving the pre-approval from the banker. At that point, we schedule the videoconference call (generally, within 2-3 business days) with the banker. The account is generally opened 1-2 weeks after the videoconference call.
Annual Corporate and Tax Services
Corporate Services (payable one year after incorporation and annually thereafter)
- Local Director Services – USD 3,000.00
- Corporate Secretary Services – USD 750.00
- Registered Office Services – USD 300.00
- ACRA Annual Return Filing Fee – USD 50.00
Annual Tax Services – USD 580 per annum per filing
Singaporean companies are required to file an Estimated Chargeable Income Return with IRAS within 3 months after the financial year-end, as well as a tax return within 9 months (Form C, or C-S, depending on the size of the company).
- preparing ECI return and filing with IRAS
- preparing the tax return and filing with IRAS
Other Services (Optional)
- Full Accounting and Book-keeping Services
- Establishment of Variable Capital Company Structures
- Establishment of Trusts, and provision of Trustee Services
- M.A.S. Capital Markets, Fund Management and Payment Services Licensing
Please, contact us for further information.