Singapore Company Formation Package

1) Benefits of Limited Liability

A private limited company in Singapore after registraion, making it become a separate legal entity. Hence, shareholders are not accountable for the company’s debts beyond the amount of share capital contributed.

2) First S$100,000 Profit Tax Exemption

Outlined by the Inland Revenue Authority of Singapore (IRAS), Singapore Exempt Private Limited companies can enjoy legal full tax exemptions for first $100,000 of corporate profits for the first three years.

The tax exemption policy for newly register Singapore companies will not be given to investment holding companies and companies engaged in property development activities that are incorporated on and from 26 Feb 2013 onwards. These type of companies will still enjoy the partial tax exemption.

YA 2013, YA 2014 and 2015
Companies will be given a 50% (CIT) Corporate Income Tax Rebate capped at $30,000 for each Year of Assessment.

YA 2016 and YA 2017 New!
Companies will be given a 50% (CIT) Corporate Income Tax Rebate capped at $20,000 for each Year of Assessment.

Our Singapore Company Formation Package costs S$698 (w.e.f. 5th August 2016)(U.P S$898) includes:

  • Service Fee for Singapore Company Formation.
  • ACRA Company Name & Incorporation Fees.
  • FOC M&AA.
  • FOC Minutes of First Directors’ Board Meeting.
  • FOC Share Certificates.
  • FOC Company Profile.
  • FOC copy of Electronic Certificate of incorporation.
  • FOC Bank Account Opening Resolution. (Subjected to banks’ approval)
  • FOC 1 Rd Company Pre-ink stamp.
  • FOC 12 Months Corporate Secretarial Services Singapore.
  • FOC 12 Months Registered Address.
  • FOC MYOB Premier Trial Version for you to maintain your company accounts using MYOB, one of Singapore’s most popular accounting software. 
  • – Free Daily Mail Alert through Email.
    – Free Self-Collect of Mails and Parcels.
    – Use of Registered Address in (ACRA).
  • FOC 12 Months Common Fax (Incoming Fax Free, Out-going Faxes available but Fees apply).
  • Incoming Faxes Free and Forwarding of the Faxes in PDF to customer’s 1 Designated Email Address.
  • Local Out-going Fax Charges of 50 Cents applies.

Information Required For Singapore Company Formation:

  • 2 – 3 Proposed Company Name.
  • 2 Main Business Activities Description.
  • Location of Registered Office – A1 Office or your physical office.
  • NRIC Identity Card copy of Director – Front and Back (Local).
  • Foreign Director’s Passport copy, Proof of Foreign Address (Foreigners).
  • NRIC Identity Card copy of Shareholder – Front and Back Copy (Local).
  • Shareholder Passport copy, Proof of Foreign Address (Foreigners).
  • Shareholding percentage breakdown.
  • Incorporate with S$1 as Paid-up Capital.

Also Read on: Singapore Company Incorporation Guide

When do you Need to Register for a Licence?

After incorporating your company, some trades need to apply for licence prior to starting their company’s operations. Such trades include Food Hawker Licence, Private School Licence, Import/Export Licence, etc.

Before Applying for a Licence

Before applying for a licence, please refer to the respective agency’s website to know more about the licence details such as eligibility criteria, licence validity period and licenceor agency specific guidelines. You will also need your company’s UEN, Business Profile and supporting documents (if any).

Who needs to Apply for a Licence?

Please click on the link provided to apply for a licence https://licence1.business.gov.sg/web/frontier/home and click on ‘Choose licence(s) by Government Agency’ for a list of licencing agencies or type the keyword in ‘Find licence(s) by Keyword’.

Participating Agencies

  • Council for Private Education (CPE)
  • Early Childhood Development Agency (ECDA)
  • Health Sciences Authority (HSA)
  • Hotels Licensing Board (HLB)
  • Housing & Development Board (HDB)
  • Infocomm Development Authority of Singapore (IDA)
  • International Enterprise Singapore (IE)
  • Media Development Authority (MDA)
  • Ministry of Education (MOE)
  • Ministry of Law (MINLAW)
  • Ministry of Manpower (MOM)
  • National Environment Agency (NEA)
  • Public Utilities Board (PUB)
  • Singapore Civil Defence Force (SCDF)
  • Singapore Police Force (SPF)
  • Urban Redevelopment Authority (URA)

How to Apply for a Licence?

Once you have decided on the relevant licence, you may visit this website to complete your application for the licence(s) by using your SingPass. For foreigner without SingPass, you may request for a user account. https://licence1.business.gov.sg/web/frontier/home

Need more information?

For any enquiries, please call the LicenceOne hotline number: 67741430, visit https://licence1.business.gov.sg/web/frontier/help/download-user-guide for a guide or email at licences-helpdesk@crimsonlogic.com.

Testimonials from our valued customers

 

Company Formation Service

“Clear & Prompt Service. Easy to understand procedures.”

Company Formation Service

“Polite, courteous and very friendly staff.”

Company Formation Service

“The A1 Staffs are very knowledgeable & a great help. Great services, truly a 1 stop business solution provider. Thanks Ray for the excellent services!”

Company Formation Service

Edwin has displayed superb experience in his knowledge in helping me in the process of incorporated my company. He is also very quick in responding to my requests & questions . Most importantly he has displayed great service attitude. Job well done. Please keep it up.

Company Formation Service

Very Efficient and patient to answer all queries for private limited company.

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