Design a corporate structure that meets your requirements; discuss your Singapore company formation with one of our principals.

Singapore company formation - Call Futurebooks

Schedule a call

Scroll right to view more
Essentials All inclusive fees (S$) Requirements

Incorporation of private limited company

  • Electronic signatures, in compliance with the Electronic Transactions Act
  • Inclusive of all government fees
850
one time

Electronic copy of passport & address proof for all directors and individual shareholders

Certificate of Incorporation and Board Resolution for corporate shareholders

Bank account facilitation

  • Managed process with reputed banks
  • Multiple currencies, international cards
 550
one time

Visit by one founder-director to Singapore is required for bank account opening meeting

Company Secretary

  • Qualified Individual as Named Company Secretary
  • In compliance with Section 171 of the Companies Act
 750
per year
Registered address

  • Open and accessible to public during business hours in compliance with Section 142 of the Companies Act
  • Process Agent for government notices
450
per year
This service is strictly for government mail only. For bank and supplier mails, please take our Mailing Address add-on, described below.
Add-ons Fees (S$) Requirements
Resident nominee director

  • One of our principals will act as your resident director to fulfil Section 145 of the Companies Act
  • Resident director will act solely on instructions of nominator
4,500
per year
Appoint two or more foreign directors

Mailing address service listed below to be taken mandatorily

Mailing address for banks, suppliers

  • Mail scanning up to 12 pages a month
  • Cheque deposit up to 2 cheques a month

350
per year

Work Pass

  • Employment Pass / EntrePass
  • Inclusive of appeals and government fees
2,000
one time
Electronic copy of employee’s passport, educational certificates and offer letter

 

Singapore company formation FAQs

Share structure and paid up capital

There are broadly three options.

Option 1: For companies with no plans for external funding or employee stock option plan, a minimum number of shares can be issued at the time of incorporation, e.g. 1,000 ordinary shares.

Option 2: For companies with plans to raise funds or to set up employee stock option plan, it is ideal to issue a higher number of shares at the time of incorporation. A good figure for this would be 1,000,000 – 10,000,000 ordinary shares.

Option 3: For companies with the established capitalisation table (cap table) such as those in the midst of a jurisdictional flip, we follow the number of ordinary and preference shares as declared on the cap table.

While the statutory minimum for a company’s paid-up share capital is $1 in any currency, it is recommended that entrepreneurs put in a higher amount of share capital when incorporating their business, especially when the company is applying for employment passes. The incorporation expenses paid, and initial deposit to bank can count towards the paid-up share capital.

If the company’s main operation is in Singapore, it is recommended to declare the paid-up share capital in Singapore Dollars, the local currency. Companies who are expecting funds from overseas at the time of incorporation or in the foreseeable future, can designate paid up capital in that currency. It is not uncommon to see startups with paid up capitals in SGD and USD if they have undergone two rounds of funding in the respective currencies.

Yes, Singapore companies are allowed to have 100% foreign ownership.

Other questions

Yes, Singapore allows electronic signatures as per the Electronic Transactions Act of 2010. These electronic records are valid and enforceable by law in Singapore as long as every document has an audit trail of which the authenticity can be verified. Electronic signatures are not valid for title deeds such as Share Certificates and Instruments of Transfer, such documents require wet ink signatures. 

Schedule a call to discuss Singapore company formation: