
Written by Sneha Patwari, Corporate Secretary Lead
I've guided hundreds of founders through the incorporation process across Hong Kong and Singapore. The questions are always different; the mistakes are usually the same. I write to help people avoid them.
Key Takeaways
If you don’t live in Singapore, your company needs a director who does. Most foreign founders hire a nominee director, which costs SGD 1,500 to SGD 2,800 a year with the providers here that publish a price. It’s the biggest cost that comes back every year.
Year-one packages with a 12-month nominee director look similar but aren't: three of the seven here leave out accounting, and three ask for a refundable deposit of SGD 1,000 to SGD 1,500.
Only two providers publish enough to total two years including accounting: Statrys at about SGD 7,466 and Sleek at about SGD 7,650, both at their lowest accounting tier.
Every provider that arranges a nominee director must be registered with ACRA. Five of the seven show their registration number on their website; you can check any of them on Bizfile.
Every provider on this list can register your company with ACRA, usually within a few business days, and the SGD 315 government fee is the same whoever files it. What differs is everything around the registration: whether accounting is included, whether you leave a deposit, how much help you get with a business account, and what you pay when the first year ends.
That last point is where foreign founders get caught. A package that includes a 12-month nominee director only covers the first year. From year two, you keep paying for the nominee director, the company secretary and the registered address, and every provider that bundles accounting with the nominee service expects you to keep that too.
This guide compares seven providers on what you'd pay over two years, what each package includes, how each handles the business account, and what their customers say. If you're still deciding how to set up, our guide to company incorporation requirements in Singapore covers the rules first.
Statrys operates in the same market as the providers reviewed here, and we've made every effort to present accurate, evidence-based information for each, including where a competitor is cheaper.
This guide is based on research conducted in October 2026 from official provider websites, pricing pages and terms of use, ACRA's fee schedule and Corporate Service Provider guidance, and Trustpilot and Google ratings shown on each provider's profile or website.
How We Chose These Providers
We started from where a founder would actually find a provider, not from a list of names we already knew:
- Firms ranking in Google Singapore for "company incorporation singapore", "company incorporation services singapore", and "company registration singapore"
- Firms named in published "best incorporation services in Singapore" lists. Five of the six lists we read were written by a provider that ranked itself first, so we used them only to find names, not to rank them.
Each candidate then had to pass three checks:
- A package for foreign founders. The firm must publish a price for a package that includes a nominee director, or the nominee director as a priced add-on. Firms that only quote on request were excluded.
- A nominee director it arranges itself. Since 9 June 2025, anyone who arranges for a person to act as a company director by way of business must be registered with ACRA as a Corporate Service Provider, under the Corporate Service Providers Act 2024. A firm that refers you to an unnamed third party for the nominee was excluded.
- Consistent published pricing. A firm whose own pages give different prices for the same package was excluded.
We then ordered the providers that passed using four signals: how often they appear in search results and other lists, review ratings weighted by number of reviews, how much of the year-one and year-two cost is published, and fit for a founder setting up from outside Singapore.
Year-One Cost Compared
Every price below is the provider's own published figure for a package with a 12-month nominee director, a company secretary and a registered address. Prices are as published and don't add GST unless stated.
| Provider | Year-one price | Accounting included? | Nominee deposit |
|---|---|---|---|
| Statrys | SGD 3,686 (discounted from SGD 4,095) | Yes: bookkeeping, financial statements, tax filing, for up to 25 transactions a year | None |
| Sleek | SGD 4,000 (Full Compliance) | Yes: accounting and corporate tax filing | None stated |
| Osome | From SGD 3,772 (Fully compliant) | Yes, for up to SGD 30,000 of expected first-year revenue | None |
| BBCIncorp | USD 2,699 (Foreigner Essential) | Yes, for an active company | Not stated on its package page |
| HeySara | From SGD 3,188 (limited-time online offer; full price SGD 5,388) | No; monthly bookkeeping from SGD 100 a month | SGD 1,500, waived if you take its monthly bookkeeping |
| WealthBridge | SGD 2,850 (Basic), or SGD 3,450 with accounting (Premium) | Premium only: tax filing and bookkeeping for up to 100 transactions | SGD 1,500 refundable on Basic |
| Swiftly | From SGD 2,050, including GST | No; quoted separately | SGD 1,000 refundable on its Basic and Premium nominee plans |
Every package above includes the SGD 315 ACRA fee. Statrys, Sleek, Osome and BBCIncorp also include the first Annual Return filing and its SGD 60 government fee.
What Year Two Costs
From your second year, you pay for the nominee director, the company secretary (including the SGD 60 Annual Return fee), the registered address, and accounting. Here's what each provider publishes:
| Provider | Published year-two price | How it breaks down |
|---|---|---|
| Statrys | SGD 2,785, plus accounting from SGD 995 | Nominee director SGD 1,800; company secretary and Annual Return SGD 665; registered address, mailroom and records portal SGD 320 |
| Sleek | From SGD 2,750, plus accounting from SGD 75 a month | Nominee director SGD 2,000; registered address SGD 400; company secretary from SGD 350, including the Annual Return fee |
| BBCIncorp | USD 1,799, plus accounting | Nominee director, company secretary and registered address |
| Swiftly | From SGD 1,800, plus address and accounting | Nominee director from SGD 1,500; company secretary from SGD 300 |
| WealthBridge | Partly published | Nominee director SGD 1,800 to SGD 2,600 (with a SGD 1,500 deposit below SGD 2,600); registered address SGD 200; company secretary not published |
| Osome | Partly published | Company secretary SGD 300; registered address SGD 300; nominee director renewal not published |
| HeySara | Partly published | Nominee director from SGD 2,200 (SGD 2,800 in-house); company secretary, registered address and accounting renewals not published, so ask for the full year-two price in writing before you sign |
What You'd Actually Pay Over Two Years
Here's a typical case: one foreign founder who owns all the shares, lives outside Singapore, uses the provider's nominee director, secretary and address, and has a low volume of transactions. Only two providers publish every part of that bill, including accounting.
| Provider | Year one + year two | Two-year total |
|---|---|---|
| Statrys | SGD 3,686 + SGD 3,780 (SGD 2,785 plus accounting at SGD 995 for up to 25 transactions a year) | SGD 7,466 |
| Sleek | SGD 4,000 + SGD 3,650 (SGD 2,750 plus accounting from SGD 75 a month, billed annually) | From SGD 7,650 |
Sleek's current offer takes SGD 350 off year one for new customers who pay for an accounting plan upfront, which brings its total to about SGD 7,300. Statrys's SGD 3,686 is also a discounted price; at its full price of SGD 4,095, the Statrys total is SGD 7,875.
For the others, you can only total part of the bill. BBCIncorp's two years come to USD 4,498 before year-two accounting. Swiftly's published items come to SGD 3,850 before the address renewal and any accounting, plus a SGD 1,000 deposit you get back when you leave. If you plan to buy accounting from the same provider, ask each one for a two-year quote in writing.
What the Price Doesn't Tell You
The packages above look similar on paper. These are the differences that only show up once you start:
- How long the nominee director lasts. Sleek's SGD 2,600 and Osome's SGD 2,438 starter plans include a nominee director for three months only. That works if you're moving to Singapore and will take the role yourself; otherwise, the 12-month plan is the one to compare.
- Whether accounting is optional. Sleek and Osome both require you to buy their accounting if you use their nominee director, and WealthBridge's lower-priced package doesn't include it at all. Osome's included accounting covers up to SGD 30,000 of expected revenue in the first year.
- Whether you leave a deposit. HeySara, WealthBridge and Swiftly ask for SGD 1,000 to SGD 1,500. Swiftly deducts a 5% card processing fee from its deposit, and its terms allow it to ask for more if your turnover exceeds SGD 1 million, a shareholder is in a FATF grey-listed country, or your business is higher-risk, such as crypto.
- Whether GST is in the price. Swiftly's price includes GST. Most others don't say; ask, since 9% GST on a SGD 3,500 package is SGD 315.
- What "bank account support" means. It ranges from an application for the provider's own account to a list of partners. The next section compares them.
Business Account Help Compared
A Singapore company can't invoice clients or pay suppliers until it has a business account. For a non-resident founder, this step often takes longer than the registration and is the one most likely to stall. Opening a business account in Singapore is a separate application with its own checks, even when your provider helps.
| Provider | What's included | Own account? |
|---|---|---|
| Statrys | Application for Statrys's multi-currency business account (11 currencies, subject to approval), included in the package | Yes |
| Sleek | Sleek Business Account (SGD plus 11 currencies, subject to approval); Aspire partnership for more currencies | Yes |
| Osome | Introductions to Airwallex, Aspire and WorldFirst; Osome says it "can't guarantee" you'll get an account | No |
| BBCIncorp | Support with traditional banks and e-money institutions; partners include OCBC, Airwallex and Aspire | No |
| HeySara | Help opening an account with partners including OCBC, UOB, CIMB, ANEXT Bank, Green Link Digital Bank, Aspire, Airwallex and Wise | No |
| WealthBridge | Help opening one bank account | No |
| Swiftly | Facilitates opening a bank account; each physical bank visit costs from SGD 350 | No |
The practical difference: a referral means you apply to a third party, which runs its own checks and can decline you after your company already exists. An in-house account is still subject to approval, but you're dealing with the team that set up your company and already holds your documents.
1. Statrys: Best for Incorporation, a Business Account, and Accounting on One Platform
Best for: Foreign founders who want a 12-month nominee director, a business account and first-year accounting from one provider, with no deposit.
Statrys (ACRA registration FA20230475) incorporates companies in Singapore and Hong Kong. Its Singapore package covers the four things a foreign founder needs in year one (nominee director, company secretary, registered address and accounting) at one price, with no security deposit for the nominee director.
The difference shows once the company exists. Your business account application goes in with the documents you've already provided, and the bookkeeping and tax filing are set up from day one instead of six months in. Statrys says most companies are registered within five days.
| Highlights | Details |
|---|---|
| Year one | SGD 3,686 (discounted from SGD 4,095): ACRA fee, nominee director, company secretary with AGM and Annual Return, registered address and virtual mailroom, bookkeeping, unaudited financial statements and IRAS tax filing for up to 25 transactions a year |
| Year two | SGD 2,785 (nominee director SGD 1,800, secretary and Annual Return SGD 665, address and records portal SGD 320), plus accounting |
| Accounting from year two | Priced by anticipated transactions per financial year: SGD 995 for up to 25, SGD 1,890 for 51 to 100, up to SGD 6,180 for 501 to 800 |
| Nominee deposit | None |
| Business account | In-house multi-currency account, subject to approval: 11 currencies; 96% of accounts open within 3 business days |
What users say: Statrys is rated 4.9 on Trustpilot from 513 reviews, and over 1,600 companies have been incorporated through it in Hong Kong and Singapore. The profile covers both markets and Statrys’ business account and incorporation services. Statrys invites customers to leave reviews, which tends to lift a score, so read the rating with that in mind.
✅ Good fit if:
- You're setting up from outside Singapore and need a nominee director for the full year
- You want incorporation, a business account and accounting with one provider instead of three
- You'd rather not leave a deposit for the nominee director
⚠️ Less ideal if:
- You're moving to Singapore soon and only need a nominee director for a few months
- You already have an accountant and don't want accounting in the package
- Your only priority is the lowest year-one price
2. Sleek: Best for a Fully Published Renewal Price List
Best for: Foreign founders who want to know every year-two line item before they sign, and are happy to buy accounting from the same provider.
Sleek (ACRA registration FA20170342) sells three foreigner plans. The one to compare is Full Compliance, the only one with a 12-month nominee director. Like Statrys, Sleek has its own business account and bundles accounting, so the two packages are the closest match on this list.
What sets Sleek apart is that it publishes each renewal item separately: nominee director, address, secretary and accounting. That makes it one of only two providers here where you can work out year two before you sign. The catch: if you use Sleek's nominee director, you must also subscribe to its accounting.
| Highlights | Details |
|---|---|
| Year one | SGD 4,000 (Full Compliance), including SGD 375 in government fees, 12-month nominee director, secretary and Annual Return, CBD address and digital mailroom, accounting and corporate tax filing. Starter SGD 2,600 has a 3-month nominee; Full Compliance + Visa SGD 4,188 has 6 months |
| Year two | Nominee director SGD 2,000; registered address SGD 400; company secretary from SGD 350; accounting from SGD 75 a month, billed annually and tiered by annual expenses |
| Nominee deposit | None stated; accounting subscription required |
| Business account | Sleek Business Account, SGD plus 11 currencies, subject to approval |
What users say: Sleek is rated 4.3 on Trustpilot from 3,839 reviews, on a profile shared with its other markets, where many reviews come from UK customers. Its website shows 4.5 on Google.
✅ Good fit if:
- You want every renewal price published before you commit
- You're fine buying accounting from Sleek
- You might relocate within six months and want the Visa plan
⚠️ Less ideal if:
- You want to use your own accountant with a nominee director
- You want the lowest nominee renewal (Sleek's is SGD 2,000, above Statrys and Swiftly)
For a closer look at the two, see our Statrys vs Sleek comparison.
3. Osome: Best for a Short Nominee Term if You Plan to Relocate
Best for: Founders moving to Singapore who need a nominee director only until their work pass comes through.
Osome (ACRA registration FA20170653) sells nominee director cover by the quarter, six months or year. If you expect to get an Employment Pass and take the local director role yourself, its 3-month Starter plan at SGD 2,438 is one of the cheapest ways to start. For a founder staying overseas, the comparable plan is Fully compliant at SGD 3,772.
Two conditions matter. Osome requires an accounting package with its nominee director, because, in its words, the nominee "shares legal responsibility". And the included accounting covers up to SGD 30,000 of expected revenue in your first financial year, so a busier company should ask what the next tier costs.
| Highlights | Details |
|---|---|
| Year one | From SGD 3,772 (Fully compliant): ACRA fee, constitution, 12-month nominee director, secretary with AGM and Annual Return, registered address, Corppass registration, accounting and tax filing up to SGD 30,000 revenue |
| Year two | Company secretary SGD 300; registered address SGD 300; nominee director renewal not published |
| Nominee deposit | None; accounting package required |
| Business account | Introductions to Airwallex, Aspire and WorldFirst; no account of its own |
What users say: Osome is rated 3.3 on Trustpilot from 668 reviews, on a profile shared with its UK business. Its own website shows 4.2 on Google from 1,012 reviews. That gap is the widest on this list, so read recent reviews from Singapore founders before you decide. Our Osome Singapore review covers the platform in detail.
✅ Good fit if:
- You're relocating and need a nominee for three or six months
- Your first-year revenue will be under SGD 30,000
⚠️ Less ideal if:
- You need an account from your provider rather than an introduction
- You want the nominee renewal price before you sign
4. BBCIncorp: Best for One Published Renewal Price That Includes the Nominee Director
Best for: Founders who want one fixed renewal figure for the nominee director, secretary and address.
BBCIncorp prices in US dollars and publishes a single renewal price for year two: USD 1,799 with a nominee director, or USD 599 without. That's the simplest renewal on this list to budget for, though it doesn't include accounting.
Pick the package carefully. The lowest, Foreigner Basic at USD 2,199, includes accounting for a dormant company only. A company that trades needs Foreigner Essential at USD 2,699. BBCIncorp has announced that ACRA recognised it as a registered filing agent, but its website doesn't show the registration number.
| Highlights | Details |
|---|---|
| Year one | USD 2,699 (Foreigner Essential, shown against USD 4,028): registration and government fees, constitution, 12-month nominee director, 12-month secretary with Annual Returns, CBD registered address, accounting for an active company |
| Year two | USD 1,799 for nominee director, secretary and address; accounting extra |
| Nominee deposit | Not stated on its package page; ask before you pay |
| Business account | Support with traditional banks and e-money institutions, including OCBC, Airwallex and Aspire |
What users say: BBCIncorp is rated 4.4 on Trustpilot from 799 reviews, on a profile that covers all its markets, including Hong Kong and offshore jurisdictions.
✅ Good fit if:
- You want a single published renewal figure
- You're comfortable paying in US dollars
⚠️ Less ideal if:
- Your company won't be dormant but you're tempted by the Basic price
- You want the ACRA registration number on the provider's own site
5. HeySara: Best for a Wide Choice of Banking Partners
Best for: Founders who want help with a local bank or digital bank and prefer to choose which.
HeySara (ACRA registrations FA20200042 and FA20031119) lists more banking partners than anyone else here: OCBC, UOB, CIMB, ANEXT Bank, Green Link Digital Bank, Aspire, Airwallex, Wise and Paystreet. If you specifically want an account with a Singapore bank, that range is useful.
Its foreigner package is currently a limited-time online offer at SGD 3,188, down from SGD 5,388, so check which price applies when you sign. The nominee director comes from third-party individuals, and there's a SGD 1,500 security deposit unless you take HeySara's monthly bookkeeping, from SGD 100 a month.
| Highlights | Details |
|---|---|
| Year one | From SGD 3,188 (offer; full price SGD 5,388): ACRA filing and fee, 12-month digital secretary with Annual Return, Corppass, registered address with scanned mail, nominee director, registers of controllers and nominees |
| Year two | Nominee director from SGD 2,200 (SGD 2,800 in-house); secretary, address and accounting renewals not published |
| Nominee deposit | SGD 1,500, waived with monthly bookkeeping, but a SGD 2,000 deposit might apply depending on risk profile |
| Business account | Help opening an account with nine partners; no account of its own |
What users say: HeySara shows a 4.8 rating from more than 340 Google reviews on its website. We found no Trustpilot profile. Our HeySara review goes deeper.
✅ Good fit if:
- You want an account with a traditional Singapore bank and help choosing one
- You'll take monthly bookkeeping anyway, which removes the deposit
⚠️ Less ideal if:
- You want the year-two price before you sign
- You don't want the price to change when the offer ends
6. WealthBridge: Best for Founders Who Want the Accounting Decision Separate
Best for: Early-stage founders who want a nominee director package now and will choose accounting later.
WealthBridge (ACRA registration FA20170388) is one of the few providers here whose nominee director doesn't require its accounting. Its Basic All-in package at SGD 2,850 covers incorporation, a 12-month nominee director, secretary and address; Premium at SGD 3,450 adds IRAS tax filing, a management report and bookkeeping for up to 100 transactions.
The trade-off is a SGD 1,500 refundable deposit on the Basic package's nominee director. WealthBridge publishes standalone nominee prices that help estimate year two: SGD 1,800 or SGD 2,100 with the deposit, or SGD 2,600 without.
| Highlights | Details |
|---|---|
| Year one | SGD 2,850 (Basic All-in): ACRA fee, nominee director, secretary with AGM and Annual Return, registered address, help opening one bank account, Corppass. SGD 3,450 with accounting (Premium All-in) |
| Year two | Nominee director SGD 1,800 to SGD 2,600; registered address SGD 200; company secretary not published |
| Nominee deposit | SGD 1,500 refundable (not on the SGD 2,600 nominee plan) |
| Business account | Help opening one account; no account of its own |
What users say: WealthBridge doesn't show a review rating on its website, and we found no Trustpilot profile, so ask for references from founders like you.
✅ Good fit if:
- You want a nominee director without committing to the provider's accounting
- Your transaction volume will stay low in the first year
⚠️ Less ideal if:
- You don't want to leave a deposit
- You want independent reviews before you choose
7. Swiftly: Best for the Lowest Entry Price, if You’ll Arrange Accounting Yourself
Best for: Founders with their own accountant who want the lowest published price for a nominee director package.
Swiftly has the lowest published price on this list for a foreigner package with a nominee director: from SGD 2,050, including GST, with a company secretary and a registered office address for the first year. It also publishes three nominee director plans, from SGD 1,500 to SGD 2,400 a year, and lets you pay monthly.
Read the deposit terms before you sign. Its Basic and Premium nominee plans need a SGD 1,000 refundable deposit, less a 5% card processing fee, although its homepage sign-up card says no deposit is required. Its terms allow it to raise the deposit if turnover exceeds SGD 1 million, for shareholders in FATF grey-listed countries, or for higher-risk activities, and to keep it if it can't reach you or you breach the terms. Swiftly describes itself as an ACRA-registered Corporate Service Provider but doesn't show its registration number.
| Highlights | Details |
|---|---|
| Year one | From SGD 2,050, including GST: ACRA fee, 12-month nominee director, company secretary, registered office address, bank account facilitation. Accounting quoted separately |
| Year two | Nominee director SGD 1,500, SGD 1,800 or SGD 2,400; company secretary SGD 300 or SGD 600; address and accounting not published |
| Nominee deposit | SGD 1,000 on Basic and Premium; none on the SGD 2,400 Executive plan |
| Business account | Facilitation only; physical bank visits from SGD 350 each |
What users say: Swiftly shows 4.8 from 128 Google reviews on its website. We found no Trustpilot profile.
✅ Good fit if:
- You already have an accountant
- You want the lowest year-one price and are fine with a deposit
⚠️ Less ideal if:
- You want accounting and a business account in the same package
- You need help in person at a bank, which costs extra
Providers We Reviewed but Didn't Include
These firms came up in search results or published lists. Each failed one of our three checks:
None of this means these firms are a poor choice. It means we couldn't compare them fairly on what a foreign founder would pay.
How to Check a Provider Is Registered With ACRA
Since the Corporate Service Providers Act 2024 took effect on 9 June 2025, a firm that files with ACRA for clients or arranges nominee directors must be registered as a Corporate Service Provider. Firms that were already registered filing agents were treated as registered automatically, and an unregistered provider can be fined up to SGD 50,000 if convicted.
To check a provider before you pay:
- Find the provider's company name and UEN, usually in its website footer or terms. Our guide explains what a UEN is and how to look one up.
- Search for the company on Bizfile using its name or UEN.
- Open its entity profile. ACRA says that if the entity is a Corporate Service Provider, its registration details appear at the bottom of the profile.
If a provider's website shows a registration number, check that it matches the company you'll sign with. Five of the seven providers on this list show their number; BBCIncorp and Swiftly state that they're registered but don't show it.
How Incorporation Works for Foreign Founders
Whichever provider you choose, the process follows the same steps, and the provider does most of the filing.
Key Requirements
- A resident director. Under section 145 of the Companies Act 1967, every Singapore company needs at least one director who is ordinarily resident in Singapore. If you don't have a resident partner or contact willing to take on a director's legal duties, you use a nominee director arranged by a registered Corporate Service Provider. You keep 100% of the shares.
- A registered filing agent. Registering a company on Bizfile yourself requires Singpass, which most foreigners don't have. Your provider files for you as a registered filing agent.
- A company secretary, appointed within six months of incorporation.
- A registered address in Singapore. It must be a physical address, not a PO Box.
Documents to Prepare
For the company:
- Proposed company name, with one or two alternatives
- Business activities, matched to one or two SSIC codes
- Share capital and how shares are split between shareholders
- The company constitution, which most providers supply as a standard template
For each director and shareholder:
- Passport copy, often certified
- Proof of residential address, usually dated within the last three months
- Background details for the provider's identity checks
For a corporate shareholder: the parent company's certificate of incorporation, constitution, register of directors, and a board resolution approving the new company.
Documents in another language need a certified English translation. Every provider runs identity checks before filing, so expect questions about your business and source of funds.
The Steps
- Choose your provider and package. Confirm the nominee director term and whether accounting is included before you pay.
- Complete the provider's checks and sign. Upload your documents and sign the incorporation forms and the nominee director agreement online.
- Name application. Your provider applies for the company name on Bizfile. Names that touch regulated areas, such as finance or education, may be referred to another agency, which takes longer.
- Registration. Your provider files the incorporation. Once ACRA approves it, you receive your company's UEN and business profile, which every bank asks for.
- Business account and accounting. Apply for the business account and set up bookkeeping from the start.
What You Pay the Government
| Fee | Amount | When |
|---|---|---|
| Company name application | SGD 15 | At incorporation |
| Company registration | SGD 300 | At incorporation |
| Annual Return filing | SGD 60 | Every year |
Source: ACRA's service and transaction fees. Every package on this list includes the SGD 315 incorporation fees. For a full breakdown of what else to budget for, see our guide to Singapore company registration costs.
Ongoing Compliance Obligations
| Obligation | Deadline | Filed with |
|---|---|---|
| Annual General Meeting, or circulating financial statements if the AGM is dispensed with | AGM within 6 months of financial year end; financial statements within 5 months | Shareholders |
| Annual Return | Within 7 months of financial year end | ACRA |
| Estimated Chargeable Income | Within 3 months of financial year end | IRAS |
| Corporate income tax return (Form C-S or C) | 30 November each year | IRAS |
| GST returns | Quarterly, once registered | IRAS |
Most packages cover the first year of these. From year two, you renew with the same provider, move to one of the top corporate secretarial services, or handle the filings yourself once you have a resident director of your own.
Final Thoughts
For a founder setting up from outside Singapore, the year-one price is the least useful number to compare. Compare the nominee director term, whether accounting is included or required, whether you leave a deposit, and what year two costs, then check the provider's registration on Bizfile.
If you're relocating soon, Osome's and Sleek's short nominee terms can save money. If you have your own accountant, Swiftly and WealthBridge keep accounting separate, with a deposit. If you want the whole first year handled in one place, Statrys covers the nominee director, secretary, address, accounting and a business account application in one package, with no deposit and a published year-two price.
Setting up from abroad? Statrys's Singapore company incorporation package costs SGD 3,686 for the first year, including a 12-month nominee director, company secretary, registered address, first-year accounting and tax filing for up to 25 transactions, and an application for a multi-currency business account. Year two is SGD 2,785 plus accounting priced on your anticipated transactions.
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FAQs
What is the best company incorporation service in Singapore?
It depends on what you need beyond the registration. For a foreign founder who wants a nominee director, accounting and a business account in one package with no deposit, Statrys is a strong fit. Sleek publishes every renewal price, Osome suits founders relocating within months, and Swiftly has the lowest year-one price if you arrange accounting yourself.
How much does it cost a foreigner to incorporate a company in Singapore?
With a 12-month nominee director, published year-one packages range from SGD 2,050 (Swiftly, without accounting) to SGD 4,000 (Sleek, with accounting). From year two, the nominee director alone costs SGD 1,500 to SGD 2,800 a year; with the secretary and address, Statrys charges SGD 2,785 and Sleek from SGD 2,750, plus accounting. Some providers also ask for a refundable deposit of SGD 1,000 to SGD 2,000.
Do I need a nominee director to incorporate in Singapore?
Only if no director of your company is ordinarily resident in Singapore. Every company needs at least one resident director. Foreign founders without a resident partner usually hire a nominee director through a registered Corporate Service Provider until they get a work pass and can take the role themselves.
Is a nominee director security deposit refundable?
Usually, yes, when you end the service on the provider's terms. Check the conditions: Swiftly deducts a 5% card processing fee from its deposit, and its terms let it keep the deposit if it can't reach you or you breach the terms. Statrys, Sleek and Osome don't ask for a deposit.
How long does it take to incorporate a company in Singapore?
Most providers register a company within one to five business days once your documents are signed and checks are complete. The business account takes longer, depending on the provider and your business.
What is the government fee to incorporate a Singapore company?
SGD 315: SGD 15 for the company name application and SGD 300 for registration, paid to ACRA. Every package on this list includes it. After that, the Annual Return costs SGD 60 a year.
Can I incorporate a Singapore company fully remotely?
Yes. Signing, identity checks and ACRA registration all happen online. The step that may need a visit is opening an account with a traditional bank; providers with their own account, or partners that open accounts online, avoid that.
What are the benefits of incorporating in Singapore?
Companies pay a 17% corporate tax rate, and eligible new companies get a start-up tax exemption of 75% on the first SGD 100,000 of chargeable income and 50% on the next SGD 100,000 for their first three Years of Assessment. Foreigners can own 100% of a private limited company, and shareholders' liability is limited to their share capital.
Disclaimer
This article is for informational purposes only and does not constitute legal, tax, or financial advice. Consult a qualified professional for advice specific to your situation.
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