How much will it cost?
Incorporation, Unlimited Corporate Secretary, Address, Nominee Director
All fees included
We prepare an application and submit it to ACRA. The whole process can be as fast as 1–3 hours. £180 government fee is included.
Unlimited Corporate Secretary
Usually secretaries charge for each document they prepare. Our Unlimited service covers all standard resolutions you might need throughout the year. You won’t have to pay extra for things like change in officers, registered address, business activity or distribution of shares.
Most agencies charge a Security deposit for the Nominee Director service. We don’t. When you employ a Nominee from us, you just pay a yearly fee, that’s it.
We provide you with an address, notify you about your correspondence, scan, and send it to you. We can even forward the real letters if necessary, you’ll only need to cover the mailing expenses.
Singapore is a great place to set up a business
The legal system is British, English is an official language and UK and Singapore have a Double Taxation Agreement, so you avoid being taxed twice on the same income.
#2 Ease of doing business
#7 Ease of doing business
#1 Enforcing contracts
#31 Enforcing contracts
#8 Ease of paying taxes
#23 Ease of paying taxes
No Resident Shareholders required
2 Resident Shareholders required
According to World Bank 2019 Reports and PWC surveys
17% Corporate tax
20% Corporate tax
22% Personal tax maximum
45% Personal tax maximum
7% GST after S$1m turnover
As a foreigner, here’s what you need to start a business in Singapore
You only need to fly once to open a bank account, everything else can be managed online. You don’t have to hire any local employees, either
The most complicated and expensive feature for a foreigner. The company can have many directors, but at least one must be a Singapore resident. If you don’t have anyone to play the role, hire a nominee director.
A nominee formally holds the director’s position, without authority to run the company. He is a company officer on paper, necessary to meet the requirements of the law.
A Singapore resident certified under various regulations. This officer is responsible for lodging and filing in time all necessary documents required by law.
A real mailing address in Singapore. It goes on all legal documents. It doesn’t matter where your company really is located — Osome will provide an address, notify you about your correspondence, scan and send it to you.
We will be happy to answer your questions in a secure chat
Read our articles & guides
Singapore corporate tax rate is 17% flat for foreigners and locals. The government supports startups with exemptions for the first three years. And Singapore and the UK have a Double Taxation Agreement to avoid being taxed twice on the same income.
Singapore taxes are low, company formation for foreigners is easy, and a foreigner can own 100% of a Singapore business. If you decide to move, the quality of life is high.
India and things Pte. Ltd.
It‘s just the basics that user really needs — yet richly featured when it comes to digitization and avoiding manual interactions or visits. Services are smoothly integrated: communication, document sharing, signing, payments etc.
The icing on the cake is they keep upgrading with high quality. And all that for a very nominal fee.
I wish OSOME the very best 🙂