Startup-friendly Singapore incorporation

Startup-friendly Singapore incorporation

Our comprehensive Singapore incorporation provides nominee directorship, company secretary, registered mailing address, sole proprietorship conversions and asset transfer.

The minimum requirements to incorporate a Singapore private limited company are one dollar in paid-up capital, one local director, a registered mailing address and a company secretary.

If your company has a corporate shareholder (local or foreign), your firm will need to appoint an auditor within three months of incorporation.

Fees

Incorporate from as low as S$750*.

Incorporation

$750/ entity*

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  • fast online form
  • hard copy share certificates
  • common seal + rubber stamp

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Nominee
directorship

$750 / quarter^

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  • present positive brand image
  • exceeds ACRA’s compliance for directors

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Company secretary

$750 / annum

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  • comply with Companies Act
  • two named secretaries
  • important dates

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Bank account opening

$500/ account

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  • prepare bank docs
  • introduce bank officer
  • attend account opening

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Registered
mail

$750 / annum

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  • CBD address
  • scan mail
  • action prompt on government mail
  • meeting room hire

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Trademark

$750 / trademark

bank account opening

  • Valid for 10 years
  • Eligible for PIC grant
  • Madrid Protocol – can be extended worldwide

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Futurebooks extras

Work pass applications

$1,200/ pass

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  • over 5 types to choose
  • 50% fee upfront only

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Executive
summary

$1,000/ annum

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  • support a work pass application
  • 4-5 pages in length

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Convert sole proprietorship

$3,700+/ entity

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  • company incorporation
  • asset and liability transfer
  • ceasation of sole prop

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Asset
transfers

$2,950+/ entity

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  • proforma financials
  • tax advisory
  • board resolutions

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Success incorporating

Fees are quoted in Singapore dollars. All prices are ex-GST. Prices may vary depending on final requirements. * Includes all government charges. ^ Foreign-owned companies may need to sign an indemnity form and provide a refundable security deposit.

Change is good

Futurebooks 1 for 1 resolutions
To help you make a fresh start, for every company resolution you need passed, our company secretary will draft and file another resolution at NO FEE. Offer for a limited time only. Conditions apply. Find out more.

Fast incorporation

Submit your incorporation documents in less than 15 minutes using our unique online application, and spend your time setting up your company’s operations while we finalise the company registration and incorporation on your behalf.

  Physical presence of directors and shareholders not required;

  Articles Of Association that ratifies electronic signature of documents;

  Electronic maintenance of all company secretarial documents;

  ’Important Dates’ overview document for all new companies provided.

Futurebooks incorporation iPhone app

Want to check if the name of your company is available? Download our free iPhone application now.

Need a work pass to go with your incorporation? We’ll optimise your incorporation to strengthen your work pass application.

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Squeaky-clean nominee directorship

For companies without a local director, Futurebooks offer nominee directorship.

Our nominee directorship service is designed to project a positive image of your company’s operations to Government and stakeholders. To demonstrate the legitimate nature of your company’s activities, Futurebooks follow these policies: futurebooks nominee director

  Background check all directors;

  Hold a security deposit in trust;

  Authorised signature on company bank accounts;

  Regular citation of management accounts;

  Annual internal audit;

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Chartered company secretary

Futurebooks company secretaries ensure the directors and shareholders are informed when their annual filing and AGM needs to take place. futurebooks company secretary

Futurebooks provide two named secretaries to ensure we are available to sign documents at short notice. Included in the annual fee is the keep-safe of the company register and monitoring important ACRA dates.

Futurebooks can make introductions to startup-friendly lawyers with expertise in drafting shareholding agreements.

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Bank account opening

Foreign directors can benefit most from this service. More than attending the opening of an account, Futurebooks shortlist banks which are friendly towards foreign directors by working with the relationship managers at various banks.

Futurebooks prepare all the documents on the client’s behalf including explanations on the client’s business, to ensure a fast account opening.bank account opening

  Provide a bank comparison;

  Prepare bank opening documents;

  Print and provide original incorporation documents;

  Attend a one-hour account opening;

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CBD registered mailing address

Futurebooks can provide a CBD mailing address. Mail is opened weekly high-speed scanned. Elect to have mail sent via email, mailforward or physically collect mail in person.futurebooks registered mail

  Government and commercial address;

  Self-managed VOIP local +65 number;

  Free local mail forwarding and faxing;

  Desk and meeting room rental;

  Comprehensive SLA and easy PayPal billing;

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Sole proprietorship conversions and asset transfers

Futurebooks identify the assets and liabilities that need to be transferred to private limited company. Generally assets are recognised as an ‘amount injected by director’ or ‘share capital’ of the private limited company.futurebooks asset transfer frame

Upon incorporation of a private limited company, Futurebooks close the sole proprietorship. A corporate bank account can be opened and new funds transferred.

Futurebooks can assist in moving assets from your overseas company to Singapore. Futurebooks draft a document listing assets, book value and advise on how the asset (or liability) should be treated from a Singapore Reporting Standard.

Assess tax issues arising from the transfer of the assets to a Singapore tax jurisdiction. Assist in drafting proforma opening and closing balances for the company’s balance sheets (includes drafting of the directors’ resolution for acquisition of the assets).

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Pass audit

If your company has a corporate shareholder (local or foreign), your firm will need to submit audited annual financial statements. futurebooks auditors

It is important the auditors you appoint are collaborative and able to attend planning meetings.

Futurebooks can make introductions to startup-friendly auditing firms.

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Need a hand incorporating?
Drop us an email.

 

Disclaimer

The information given is of a general nature and may not be applicable in a specific situation. Under the Terms of Use of this website, we disclaim liability for any act done or omission made on the information provided and any consequences for any such act or omission. For specific legal advice, you should seek professional legal assistance.

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