Key Takeaway
It costs between SGD 2,350 and SGD 3,500 to incorporate a company in Singapore using incorporation services.
Are you considering starting a business or expanding your company to Singapore, a popular Asian financial hub? Setting up a company legally is the first crucial step, but dealing with all the administrative and legal requirements can be a complex and time-consuming process.
Fortunately, numerous companies offer services to assist with company incorporation in Singapore. These experienced service providers can guide you through the entire process, and the best part is that you can complete it remotely without having to be physically present in Singapore.
However, choosing the right service provider can be challenging with many options. To help you save time and effort, we have compiled a list of Singapore's top 5 company incorporation services. We'll highlight who they are best suited for, outline their key services, and provide information on their fees.
Let's get started on your journey to incorporating your company in Singapore.
| Best For | Fees | |
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One-time payment covers all you need to start operations in Singapore. | SGD 3,500 Including government fees. |
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Foreign entrepreneurs looking to incorporate a company in Singapore and require assistance with visa applications. | SGD 3,306 Including government fees and visas for foreigners. |
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Everything you need to kickstart your business in Singapore. With it, you can register your company, pay the necessary fees, and appoint directors according to the rules. | SGD 2,350 Including government fees |
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HeySara can assist in obtaining an employment pass for an extra fee. They offer customised packages for entrepreneurs who want to manage their company virtually and those who prefer to relocate and handle operations themselves. | SGD 2,388 (promo price) Including government fees |
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Everything you need for incorporation, including accounting, bookkeeping, corporate secretary, financial software, and even a visa. | SGD 2,450 Including government fees. |
1. Statrys
Statrys just launched its incorporation services in Singapore. Statrys has been around in Hong Kong for quite some time and is a licensed Money Service Operator (No. 19-02-02726) in Hong Kong.
There are a total of 4 steps to Statrys’s incorporation service. First, submit the 5-minute application on the Statrys website. Secondly, Statrys will submit the application documents to the Accounting and Corporate Regulatory Authority (ACRA) and monitor the progress to ensure timely processing. Thirdly, once ACRA has successfully processed the application, Statrys will gather all the official documents confirming the registration of your new Singapore company. This includes the Certificate of Incorporation and the Business Profile from ACRA. Finally, let us know your accounting needs, and Statrys will get the best price quotes from various Singapore accounting firms for you, according to your budget.
Statrys Key Services
Statrys' all-inclusive package includes:
Incorporation Services
- Company Incorporations e-filing with the Accounting Corporate Regulatory and Authority (”ACRA”)
- Certificate of Incorporation
- Business Profile
- Company Chop
- Constitution of the Company
- Preparation of pre-incorporation documents
- Preparation of post-incorporation documents
- Provision of a Local Nominee Director (1 year)
Company Secretary Services
- Provision of Company Secretarial services (1 year)
- Annual Return Filing with ACRA for each calendar year
- To hold the AGM 6 months after the end of each Financial Year End (”FYE”) and to file the Annual Return 1 month after holding the AGM
- Maintenance of the statutory records
- Preparation of Annual General Meeting (”AGM”) documents
- All of your statutory records and compliance documents are in one place, accessible online 24/7
Additional Services
- Registered address for one year Annual Renewal
- Scanning and forwarding of mail
Statrys also supports finding the best accounting firm to handle Singapore's accounting and bookkeeping needs. Just let them know your accounting requirements, and they will obtain quotes from various Singapore accounting firms for you to select from.
Statrys Fees
Statrys offers a single package for company incorporation at a fixed price of SGD 3,500, which is approximately equivalent to EUR 2,390. Government fees included.
The package includes all the essentials required to incorporate a company in Singapore, including incorporation services, company secretary services, and a registered address.
Statrys Pros and Cons
Statrys Pros
- A worry-free, all-inclusive package, ensuring you get everything needed at a single, transparent price.
- A trusted partnership with OCBC Bank
Statrys Cons
- Fixed pricing may not suit all budgets
- There is no in-house accounting service, only a consultant on finding suitable firms
Statrys is Best For
Entrepreneurs who are seeking an all-in-one, fast-track solution. If you’re looking for a comprehensive package that covers everything regarding your company incorporation, Statrys is your go-to. However, note that bank account assistance is on a case-by-case basis and subject to approval. With a single package priced at SGD 3,500, it's ideal for those who prefer a straightforward, all-inclusive approach without the hassle of dealing with multiple service aspects separately.
💡Tip: Read this guide to find out How to open a bank account in Singapore.
2. Sleek
Sleek makes it easy for people from other countries to start a business in Singapore. They offer online services for setting up your company, handling accounting, and managing taxes. Since it began in 2017, Sleek has helped more than 400,000 smart entrepreneurs successfully launch their businesses in Singapore.
Sleek has three packages for foreign entrepreneurs: a business address, corporate secretary, business account, and accounting services. The prices usually range from SGD2450 to SGD3026.
If you or your business partner plan to be in Singapore to run your business, Sleek can help with visa assistance. This visa package costs SGD3306 and includes full incorporation, accounting, and help with immigration.
Sleek also offers extra services for legal and accounting needs. You can choose these additional features, but remember they may cost more, and you only need to get them if you really need them.
To get all the details about prices, check out their pricing. Sleek's packages come with a 30-day money-back guarantee.
Sleek Key Services
- Company incorporation, documentation, and government fee submission
- Appointment of director and auditors
- Registered address and virtual mail
- Business account, record keeping, and filing
- Visa
Sleek Fees
| Plan | What's Included | Fees |
| Essentials | Incorporation, Unlimited Corporate Secretary, registered address, and Nominee Director for 1st year | SGD 2,450 |
| Full Compliance | Essentials features + business account, accounting, tax, and payroll for 1st year | SGD 3,026 |
| Full compliance + Visa | Full compliance features + Visa services for 1st year | SGD 3,306 |
Sleek Pros and Cons
Sleek Pros
- Valuable visa services for foreigners
- 30-day money-back guarantee
Sleek Cons
- Add-on for company secretary with low limits for compliance report
Sleek is Best For:
Foreigners looking to incorporate a company in Singapore and require assistance with visa application.
3. Counto
Counto offers two main services: accounting and company registration. Let's talk about their registration service. They have three plans, and one of them is specifically made for foreigners.
This package costs SGD2700 and has everything you need to kickstart your business in Singapore. With it, you can register your company, pay the necessary fees, and appoint directors according to the rules. They are also able to assist in opening bank accounts for clients. However, it is on a case-by-case basis and subject to approval.
The plan also includes services from a corporate secretary for one shareholder, and you can adjust it based on your needs.
Counto provides accounting services and uses smart software powered by artificial intelligence to keep track of your money and finances. But remember, the accounting fee mentioned in the package is for a certain amount of revenue. As your business grows, the price might change.
Considering everything, it's still a reasonably priced package, especially if you're just starting your business.
Counto Key Services
- Company registration and govt fee submission
- Corporate sectary
- Accounting and annual returns
- AI-powered software product
- Finance reviews by experts
- Administration assistance
- Custom services
Counto Fees
| Plan | What's Included | Fees |
| IncorpLite | • Includes $315 ACRA company registration fee • Company Secretary Standard plan for 1 shareholder with all non-shareholder changes free during the year. Additional shareholder at $40/shareholder • Subscription to Counto software • Customer Support |
SGD 600 |
| Incorp++ | • Includes ACRA company registration fee of $315 • Company Secretary Standard plan for 1 shareholder with all non-shareholder changes free during the year. Additional shareholder at $40/shareholder • Annual Reporting plan for your first-year revenue up to S$50,000 that includes: • Annual Bookkeeping of unlimited transactions • Annual management reports and review by CA • Unaudited Financial statements required for AGM filing • IRAS Form C-S tax filing Bill pay with Counto Pay • Subscription to Counto software • Customer Support |
SGD 1,288 |
| Foreigner | • Company registration, inclusive of all government fees Resident nominee director Registered mailing address • Company Secretary Standard plan for 1 shareholder with all non-shareholder changes free during the year. Additional shareholder at $40/shareholder • Corporate bank account opening assistance Full Compliance Reporting plan for your first year that includes: • Annual review by CA • Unaudited Financial statements required for AGM filing • IRAS Form C-S tax filing • Add On: XBRL Filing for SGD 500 - required if there is a corporate shareholder. • Add On: Multi-currency Bookkeeping and Accounting for unlimited transactions in accordance with Singapore Financial Reporting Standards (SFRS) • Counto BillPay with invoice payment automation and expense management • Subscription to Counto software • Customer support |
SGD 2,350 |
Counto Pros and Cons
Counto Pros
- Add-ons for XBRL Filing and Multi-currency Bookkeeping and Accounting services
- Free subscription to Counto’s software
Counto Cons
- Foreigners are subjected to the priciest package with no flexibility in budget.
Counto is Best For:
Everything you need to kickstart your business in Singapore. With it, you can register your company, pay the necessary fees, and appoint directors according to the rules. They are also able to assist in opening bank accounts for clients. However, it is on a case-by-case basis and subject to approval.
4. HeySara
HeySara makes starting a business in Singapore easy for both locals and foreigners.
For SGD2,500, HeySara helps you legally set up a complete company in Singapore and includes one year of bookkeeping services.
If you're considering moving, HeySara can assist in obtaining an employment pass for an extra fee. They offer customised packages for entrepreneurs who want to manage their company virtually and those who prefer to relocate and handle operations themselves.
HeySara is a digital secretary app with a standout feature that allows you to sign documents and stay informed about their status electronically.
The corporate secretary service is provided for the initial 12 months and covers duties such as one year of return filing through Bizfile.
HeySara Key Services
- Company registration and account opening
- Digital corporate secretary app
- Compliance management
- Director appointment
- Relocation services
- Bookkeeping, GST filing, and annual return filing
- Corppass for transaction handling
💡 Tip: Read this guide to learn more about GST for businesses in Singapore.
HeySara Fees
| Plan | What's Included | Fees |
| Incorporation + Secretary | Incorporation services, 12 months digital secretary package, CorpPass registration, assistance in business account opening, registered office address, 12 months nominee director services. | SGD 2,388 |
| Incorporation + Secretary + Employment Pass | Everything above with the Employment Pass application, inclusive of the application fee. | SGD 2,988 |
HeySara Pros and Cons
HeySara Pros
- Worry-free, all-inclusive package, ensuring you get everything needed.
- The upgraded package includes employment pass application for foreigners.
HeySara Cons
- Monthly bookkeeping requires additional fees
- Requires additional fees for a dedicated relationship manager, priority service, and additional support channels.
HeySara is Best For
HeySara can assist in obtaining an employment pass for an extra fee. They offer customised packages for entrepreneurs who want to manage their company virtually and those who prefer to relocate and handle operations themselves.
5. Osome
Initially, Osome operates as an online accounting and financial software firm, but they also cater to company formation in Hong Kong and Singapore.
Essentially, their range of services includes company incorporation, accounting, and secretarial tasks. They provide a platform operating in the cloud, providing support to small and medium-sized businesses, particularly those involved in ecommerce.
Osome has served over 15,000 clients worldwide and has assisted in creating 4,200 companies to date.
Their accounting service is quoted separately from the company formation service, with in-house smart software ready to assist with bookkeeping and more.
🔎 Tip: Osome's accounting service stands out as one of our top choices among the best bookkeeping and accounting services in Hong Kong.
Osome Key Services
- Submit and file your application with the Companies Registry.
- Certificate of Incorporation
- Articles of Association
- One-year Business Registration Certificate
- Documents for Annual General Meeting (AGM)
- Annual Returns filing
- Administration of online share distribution and capital table
- Document storage within the Osome app
- Support for opening a Neobank account
Options to include:
- A registered address for one year
- Forwarding of documents
🔎 Tip: To learn more, explore our article on Osome vs Statrys: Company Registration Service Comparison
Osome Fees
| Plan | What's Included | Fees |
| Basics | Incorporation • Registration preparation and filing, including SGD 350 government fees • Company constitution • All post-incorporation documents (share certificates, registers, minutes book) • ACRA name checking Government required services • Nominee Director for 1 year • No deposit required • The registered address for 1 year Essential Corporate Secretary • Expert support via in-app chat • Preparation and filing of Annual Return, including SGD 60 government fee • Annual General Meeting (AGM) preparation Corporate bank account • Assist in connecting with our banking partners. |
SGD 2,450 |
| Fully Compliant | Incorporation • Registration preparation and filing, including SGD 350 government fees • Company constitution • All post-incorporation documents (share certificates, registers, minutes book) • ACRA name checking Government required services • Nominee Director for 1 year • No deposit required • The registered address for 1 year Unlimited Corporate Secretary • Expert support via in-app chat • Preparation and filing of Annual Return, including SGD 60 government fee • Annual General Meeting (AGM) preparation • Appointments and resignations of directors, officers, or auditors • Unlimited changes in company name, address, and business activity • Shares management of up to 50 Shareholders Corporate bank account • Assist in connecting with our banking partners. Accounting & Tax • Annual Management reports • In-app chat • Payroll and dividends tax advice • Dedicated accounting team • Unaudited Financial Statements (UFS) • Annual tax return filling Bookkeeping • Unlimited bookkeeping • Automatic reconciliation Financial Software • Create, send, and chase invoices • Capture bills and receipts easily • Expense Management • Real-time financial reports (Profit & Loss, Balance sheet, Accounts Payables, Accounts Receivables) • Use multiple currencies |
SGD 3,050 |
| Fully Compliant + Visa | Everything in “Fully Compliant” + Employment visa consultation and employment pass application. | SGD 3,250 |
Osome Pros and Cons
Osome Pros
- A worry-free, all-inclusive package, ensuring you get everything needed.
- The upgraded package includes employment pass application for foreigners.
Osome Cons:
Osome Cons
- CorpPass registration requires additional fees
Osome is Best For
Everything you need for incorporation, including accounting, bookkeeping, corporate secretary, financial software, and even a visa.
Why Set Up a Company in Singapore?
Singapore has a global mindset, making it an ideal place for international commerce. It provides political stability, a business-friendly environment, and a robust legal framework. The competitive tax structure, advanced financial infrastructure, and strategic market connectivity create a resilient environment for global enterprises. With a commitment to innovation, a skilled workforce, and a reputation for excellence, Singapore has become a preferred choice for businesses looking to expand internationally.
Another key advantage is Singapore's low corporate tax rate of 17%. One of the tax benefits for new companies is that new companies are exempted from tax payments in their initial years. There are other tax incentives and tax exemptions that new companies might be eligible for. This helps businesses save money and encourages growth. The process of incorporating a company in Singapore is also easy and efficient, with minimal bureaucracy, online registration, quick approvals, and clear guidelines from the Accounting Corporate Regulatory Authority (ACRA). This simplicity attracts both local and international businesses, making Singapore an accessible and favourable business hub. In summary, whether it's the low taxes, global mindset, or easy management, Singapore stands out as a fantastic place to set up and grow your company.
💡 Tip: Read more about the benefits of opening a business in Singapore
Why Use a Singapore Company Incorporation Service Provider?
You might be wondering why it's better to pay for a service instead of doing everything yourself.
To put it simply, doing all the necessary paperwork and keeping up with local rules on your own can take a lot of time and might lead to mistakes.
Let's see how a Singapore company incorporation service can help:
- Time Efficiency: Dealing with paperwork and local rules can be time-consuming, especially if you don't know the process well. Professional services use their knowledge to speed things up.
- Reduce Error: Doing it alone might lead to mistakes that cause delays or legal problems. Incorporation services have experienced professionals who are able to guide you to adhere to rules properly.
- Cost Savings: Even though you pay for incorporation services, it can save you money in the long run compared to the costs of mistakes if you do it yourself. Professionals help you follow the rules properly, reducing the risk of fines and legal problems.
- Faster Business Launch: When professionals handle paperwork in accordance with the rules and regulations in Singapore, you can kick-start your business much sooner than trying to do it alone. This also gives you more time to focus on other important parts of your business.
Therefore, hiring a professional can give you a smoother and faster start to your business.
What to Consider When Choosing a Company Incorporation Service Provider?
Different providers offer various services for company incorporation, ranging from quick, all-inclusive packages to specialised options like ongoing corporate support and international expertise.
Consider factors like reputation, which are assessed through online reviews and testimonials on platforms like Google Reviews and Trustpilot. Look for a service provider with positive recent reviews, addressing and resolving issues promptly. Check for partnerships with reputable organisations and proper licensing.
Transparency is crucial. Choose a provider with clear communication on fees, including what's covered and excluded in different packages. Access information on the incorporation process, required documents, filing fees, and turnaround time for easy comparisons.
Customer support availability is essential for handling unique business challenges. Ensure your chosen provider offers customer service through preferred channels and has reasonable response times. Ongoing assistance, before, during, and after the process, is crucial for maintaining and growing your business.
Final Thought
Here, we have identified 5 of the best company incorporation service providers in Singapore. They are Statrys, Sleek, Counto, HeySara, and Osome. By considering the reputation, transparency, and customer support availability of the incorporation service, you can find the best service provider for your business needs.
FAQs
Who is ACRA?
The Accounting and Corporate Regulatory Authority (ACRA) in Singapore is a Singapore government agency responsible for overseeing the registration of business entities, including Singapore companies and foreign companies. They ensure these entities comply with relevant laws and maintain a reliable and accessible record of information.
What are the types of business entities that can be registered in Singapore?
What are corporate secretarial services, and why does a Singapore company need them?
How much share capital do I need?
Can company directors of a company be a foreigner?
