Expert company formation for foreign entrepreneurs
We’re your on-the-ground partner in Singapore. Trusted by 15,000 entrepreneurs worldwide, our team of local business experts helps you set up and grow.
Download a full list of UK SIC codes for free
We've created a go-to resource for UK business owners looking to effortlessly navigate industry classifications.
Final value fees for business sellers
The table below provides the list of product categories with the final value fees for business sellers. For more information, visit the official eBay website.
Category | Final Value Fee |
|---|---|
| Antiques | 10.9% |
| Art (except specified subcategories) | 10.9% |
| Art NFTs | 5% |
| Baby | 10.9% |
| Books, Comics & Magazines | 9.9% |
| Business, Office & Industrial | 11.9% |
| Cameras & Photography (except specified subcategories) | 9.9% |
| Clothes, Shoes & Accessories (except specified subcategories) | 11.9% |
What our clients think about Osome
“I use Osome to help me succeed”
91 %of customers recommend Osome services
“My company was successfully incorporated within just 3 days! I was blown away by the speed and efficiency of the process.”
Jason Choo
5 steps to setting up in Singapore
Meet the official requirements
We help you with everything Singapore's Ministry of Manpower needs from business founders:
Singapore law requires each company to have a Secretary. This officer is in charge of state compliance. They file annual returns and resolutions on changes, prepare Annual General meetings, and processes dividends distribution.
At least one of your directors has to be a Singapore resident. Hiring a nominee is a common and legal practice.
A nominee puts their name on your papers but can’t make any core business decisions. If there’s any wrongdoing, such as late or incorrect reports, the nominee director shares legal responsibility. That’s why you have to get an accounting package with this service.
All Singaporean companies must have a local registered address. It goes on all legal documents. We receive your correspondence, scan and forward them to you.
Get your company registered
Foreigners need a certified agency to file for incorporation. We collect and sort all your documents online and send you the application to sign electronically. Here's how it works:
- Supply passports and proof of address for you and any company directors
- Send us a selfie to prove it’s you
- Provide your share structure for the company Constitution
- Let us know your paid-up capital — S$1 is enough
Open a business account
We partner with Singapore banks and payment services that can open an account for you remotely online. We present you to the banks, but we can’t guarantee you’ll get an account for your business. The decision is always up to banks.
Each bank has their own procedure to open an account without physically visiting the branch. They do KYC interviews online using video conferencing and send couriers to exchange docs. Talk to us to learn about details, rates, and requirements.
Set up your accounting calendar
You need to submit several tax reports a year. Our Chartered Accountant will organise your docs, prepare reports, and file them neatly. We also proactively advise on exemptions so you pay taxes smartly, as a foreign citizen.
Even if you have no transactions, you still need to submit annual reports: Estimated Chargeable Income, financial statements, and annual tax return called Form C or Form C-S. It’s crucial to prepare them right and on time, otherwise your company and the Nominee director can face fines and penalties.
Get an Employment Pass, move to Singapore
A permit that allows you to work, live and bring your family to Singapore. Only a Singapore registered company can apply for an EP. It has to be a real operational business. We can register a company for you, set up the reporting and apply for EP.
We will file your CV with relevant professional experience, education data and the company profile to get the visa. The process can take up to 3-6 months depending on the requirements. Once you get it, the employment pass is valid for 1 or 2 years and can be renewed afterwards.
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