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Foreigner Package
Cost-effective incorporation package delivers all essential services with worry-free early-stage risk coverage
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At a Glance
All essential services necessary to start and operate your company in one simple package. For the first six months, worry-free risk coverage as you EXPLORE your business model and prepare to LAUNCH.
Phase 1: EXPLORE
Company incorporation and all required corporate services for the first six months for a fixed price of S$1,600. After six months, you can continue with the LAUNCH package. Or if, for any reason, your plans don't work out, close the company for no additional cost.First six months
Phase 2: LAUNCH
Continuation of all required corporate services till the end of first year for a fixed price of S$1,500. Thus, your total first year fee will be $3,100. As you scale, you can mix and match any of the add-on services as necessary. No gimmicks, no hidden fees.Next 6 months
Phase 3: GROW
All required corporate services for a year, including year-end financial statements and corporate tax filing for the prior year, for a fixed price of S$3,600. If you no longer require our nominee local director service, the package fee reduces to S$2,000.Second year onwards
Package Details
Phase 1: EXPLORE
S$1,600
First six months
Incorporate and mitigate your business risks (market research, idea validation, operational feasibility, banking, logistics, etc) with a simple-to-understand, cost-effective service bundle for the first six months.
At the completion of six months, if things are going well with your venture, continue with our Launch Phase. On the other hand, if for whatever reason your plans did not work out, you can ask us to close your company at no additional cost. It's that simple.
Phase 2: LAUNCH
S$1,500
Next six months
At the end of EXPLORE phase, you will seamlessly transition to LAUNCH phase and continue to receive all essential services under this package until the end of the first-year. Specifically, we will provide the following services for the remaining six months:
From second year onwards, you can continue with our annual GROW Phase package.
Phase 3: GROW
S$3,600
Second year onwards. Fee reduced to S$2,000 if you do not require the Nominee Director service.
For the second and subsequent years, we will provide all essential services on an annual basis, including year-end financial statements and tax filing for the prior year. Specifically, we will provide the following services:
If you no longer require our nominee local director service, the package fee reduces to S$2,000.
Compare Fees
Our competitors may trick you with their confusing and gimmicky prices. Adjust these sliders to your company's estimated figures and compare the fees you will pay.
Your Annual Revenue
Average for our clients is S$653K. Adjust to your figure.
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Your Annual Expenses
Average for our clients is S$389k. Adjust to your figure.
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Your Annual Bank Transactions
Average for our clients is 125. Adjust to your figure.
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We deliver
transparency,
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"No Gimmicks" Pricing
We do not trick you with low-ball teaser prices and then ramp up our fees as your company grows. Watch out for firms that tie their fees to your company's monthly revenues or expenses — such contracts are quite common. Being aware of these gimmicks can save you a bundle and agony later.Early-stage Risk Protection
By sharing your early-stage risks we align our mutual interests. We will set up your company and help you explore the feasibility of your venture for six months without charging you fees for the full year. Furthermore, we will absorb the cost of closing your company if your plans do not materialize.Not Bots But People
People matter and experience matters. We won't push cookie-cutter solutions through software bots and self-service apps. Through our portal, our experts will provide advice and service that is tailored to your specific needs. Cookie-cutter solutions can be an expensive mistake in the long-run.Assistance with Immigration
If and when you decide, you can add Employment Pass application or any other immigration service with this package. We have deep and unmatched experience with immigration services for entrepreneurs and their families.World-class Technology
Industry experts have designed our software platform for comprehensive corporate compliance. It accurately and efficiently coordinates tasks between you, our team, and government systems. Don't fall for flashy apps that are good for signing you up but fall short in real-life compliance.Not the biggest but the Best!
We don't strive to become the biggest or the cheapest company but rather to continue be the best one. We bring experience, regulatory knowledge, and service quality to the table: these are the factors that make us quantitatively better than other firms. Check out our Google Reviews to verify!
Add-on Services
Employment Pass
S$1,350
Includes S$350 in government fees. We will refund 50% of our fees if your application is unsuccessful.
We will review your particular situation and advise you on the best way to prepare your application. Our experience and personalized approach to EP applications is unmatched and our interests are fully aligned with obtaining a successful outcome for you.
We do not use cookie-cutter applications that use boiler-plate formats.
Bookkeeping
S$200/year
Plus S$2 per banking transaction, reduces to S$1 above 600 annual transactions
We don't force our bookkeeping service on you. Many of our clients do their day-to-day bookkeeping themselves. Of course, if you prefer that we do the day-to-day bookkeeping for your company, our fee is as below:
Above 300 annual transactions, we strongly recommend that you subscribe to an online accounting software such as Xero (see Xero pricing plans).
XBRL Conversion
S$500
Service is only required for companies with corporate shareholders
This service is needed only if your company has one or more corporate shareholders. Companies with corporate shareholder(s) are required to file their financial statements in a specialized format called XBRL.
Companies without corporate shareholders — which is the case with 80% of our clients — do not require this service.
GST Filing
S$350/quarter
Applicable only to GST registered companies
Goods and Services Tax (GST) is a value-added tax. Companies with revenue below S$ 1 million are generally exempt from GST registration. Hence, this service is required only if your company is GST registered.
If you are using our Nominee Director service, for GST registered companies, an additional fee and a refundable security deposit may apply to cover Nominee Director's risk in GST compliance obligations to IRAS.
Trademark Registration
S$2,000
S$800 for each additional Class of the same mark
To protect your unique branding, you can register your trademark in Singapore.
License Application
Cost varies
Cost depends on the specific license
If your business activity is regulated in Singapore and your company requires a license or permit to operate its business, our fee for consultation and filing of the licensing application will depend on the specific license.
Audit
Cost varies
Audit is not required for most small to mid-size companies
Most small to mid-size companies are exempt from an audit of their accounts. More than 96% of our clients are exempt from the audit requirement. If your company reaches a growth level where it must appoint an auditor, we will introduce you to a cost-effective audit firm from our list of partner firms.
Ad-hoc Services
Cost varies
Affordable and transparent
Occasionally, you may require other ad-hoc services during the course of running your business. Our commitment is that we will always charge you a fee that's reasonable and commensurates with the effort involved. We are always transparent with no gimmicks and hidden fees.
Frequently Asked Questions and Answers
This is an important issue and you should understand it well before you select a corporate service provider. Several Singapore-based providers will offer you a low price for the incorporation but they require you to buy additional services — such as accounting or bookkeeping — whose fees are tied to your revenues or expenses. These services are listed under innocuous-sounding names such as Accounting by Expense Pricing Model but these models are quite regressive and pernicious. For one firm who uses such a model, your annual accounting fees will be $1,200 if your monthly expenses are less than $7,500 but they will rise to $6,000 if your expenses reach above S$75,000! In the case of another firm, your accounting fees will be S$600 per year if your revenue is between S$0 and S$5,000 per month but will rise to S$4,200 per year as soon as your monthly revenue crosses S$50,000!
These revenue or expense linked fee models effectively results in a "revenue tax" on your company's funds. As you grow, your revenues and expenses are likely to increase, and so will your accounting fees! You will have to pay these increased fees even if you are not making a profit.
In contrast, first of all, we don't force you into our bookkeeping service. Secondly, our accounting fees are not tied to your revenue or to your expenses. They are tied only to the number of banking transactions you conduct in a month, irrespective of the size of those transactions.
You can input your company's estimated estimated figures and compare the fees you will pay using our cost estimator.
Our Service Teams are registered and authorized with the above organizations.