Local Package

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Local Package

KYC screening of all the directors and Shareholders, including Risk Screening. Upon Incorporation, assist in the opening of a corporate bank account (currently it may take up to a month or more to have an account opened, due to strict screening and investigations required by all banks before approving the opening of a bank account)

Secretarial Service for a year including filing of Annual Return to ACRA and making any changes of the Company and its officers during the year. It is mandatory for every Singapore Company to have a Company Secretary.
 

WHEN THE COMPANY IS INCORPORATED

When all the required documents are provided and in order, we can incorporate the Company within one day.  After which, we can proceed to open a Corporate bank account with a bank of your choice.  You can proceed to do your business operation when the company is incorporated and it is mandatory for you to maintain a proper record of your business transactions so as to enable you to have a proper Financial Statement prepared at the end of each Financial Year end to file the Company’s Annual Return (AR) to the Accounting and Corporate Regulatory Authority (ACRA) and the Corporate Tax filing to the Inland Revenue Authority of Singapore (IRAS).   As your Company Secretary, we will do the filing of your Annual Return and file any changes to your Company’s shareholders and director’s information without any further charges during the year.

From the 2nd Year Onwards:

However, from the second year onwards, the Company is required to prepare its Financial Statement within 3 months from the close of its Financial year end so that we can file the Company’s AR and the Annual Tax Return with Tax Computation.  Our Accountant can help you to prepare the unaudited Financial Statement from your Accounting records in accordance with the Financial Reporting Standard at a nominal Add-On fees as follows:

  1. Add-on fee to prepare Unaudited Financial Statement for each year. -From S$300
  2. Add-on fee to prepare Tax Computation for filing to IRAS. - From S$300

The amount of the charges is dependant on the volume of transactions for each year and the Complexity of the Financial Accounts.  Preparation and filing of these two Returns starts from the second year after incorporation.

GST REGISTRATION:

Should the volume of your business reach a turnover of S$800,000 and above, you should consider registering your Company for Goods and Services Tax (GST) collection.  We can assist you to do the registration with the Comptroller of Goods and Services Tax.

  1. Add-on fee to register for GST from- $200 Per Quarter
  2. Quarterly filing of GST F5 - $200 Per Quarter

 

EMPLOYMENT PASS AND OTHER WORK PASS

Should the Company require to obtain an Employment Pass for its own foreign directors or foreign Management staff, the company must comply with the requirement of such hiring in accordance with the regulations under the Ministry of Manpower which may be changed from time to time.

When a requirement is needed, we can assist to apply on behalf of the company as a Corporate Secretary with following fees:

  1. Add-on fee to apply for an Employment Pass from - S$1,000
  2. Add-on fee to apply for a dependant Pass - S$300
  3. Add-on fee to apply for a SPass from - S$800
  4. Add-on fee to apply for a Work Permit - S$500

There are many terms and conditions to be complied before we submit an application and more details, you may contact us.

ACCOUNTING SERVICE:

For our clients who requires us to provide the Accounting and Payroll services, our Affiliate Company operated by Chartered Accountants, FORTH BIZ SOLUTIONS PTE LTD can handle them with a reasonable fee payable monthly or quarterly.

For more information and details, contact our AccountantAndreas at (65) 8189 9491

 

AUDITORS:

Most Exempt Private Limited Companies operating in Singapore are exempted from audit, unless it is owned by a Holding Company or in special businesses that requires their accounts to be audited.

In case of need, discuss with us and we can arrange for an audit firm to handle the audit job on your behalf.

ADDITIONAL SERVICES:

Business registration:

Registration of a Sole Proprietorship Business - $300

Registration of a Partnership Business - $300

Registration of a Limited Liability Partnership - $500

Tax Filing:

Filing of Personal Tax Return (Employee) - $200

Filing of Personal Tax Return (Sole Proprietorship business) - $300

Filing of Partnership Tax Return - $500

Computer Network and IT Services:

Supply and maintenance of Computer hardware and Software

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IT Networking Development and installation

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CCTV and VOIP /lease circuit telecommunication

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