Foreigner Package Private Limited Company
Key Information to Note
- Statutory requirement to appoint at least 1 Singapore resident director
To successfully incorporate a company, you need to appoint at least 1 local resident director. Local residents are Singapore citizens, Singapore Permanent Residents (PR), and Employment Pass holders. If you plan to work overseas and needs a nominee director for compliance purposes, you can avail of our nominee director services from Additional Services section.
- Statutory requirement to provide a Registered Office Address
From the date of incorporation, the company must provide a registered office within Singapore where all communications and notices to the company are addressed, and where the company’s registers and records are kept. We offer a registered office address as an additional service in Add-ons Section.
- Savings when you avail this package
Company Secretary service is complimentary on the first year of incorporation. The succeeding year’s cost is $1,200 per annum. The package also comes with 2 free transactions which are valid within the first year of the company’s incorporation and free use (one-time) of our conference room during your meeting with the bank officer for bank account opening. Imagine the costs that you can save in the first year of your business!
What is included in the Package for Incorporation of Private Limited Company for Singapore Residents?
- Singapore Company Incorporation
We will prepare all necessary forms and documents and perform the name reservation and company registration with ACRA Bizfile. The package fee includes the registration fee of S$300 and name application fee of S$15
- Provision of Company Secretary
Our package comes with complimentary company secretary service for the first year of company’s incorporation. Please take note that Companies Act, Sec. 171(1) states that every company must have at least one secretary who is not debarred from acting as secretary.
- Incorporation Kit
The following are included in the Incorporation Kit:
- Model Constitution
- 1 Common Seal
- Minutes Book and Registers
- Shares Certificates
- ACRA Business Profile
- Compliance Alerts and Reminders
Alerts and reminders will be sent making sure you will not miss important compliance requirements.
- Assistance with Opening of Bank Account
We arrange an appointment for the opening of bank account with local bank. You can use our conference room for free (one-time free usage) to meet with the bank officer for account opening.
- Free 2 transactions limited to Change of Registered Office Address and Change of Officers valid for 1 year from date of incorporation.
- General Advisory
We provide a 1-hour free advisory where we discuss the grants, taxation schemes, licensing, CPF, accounting and any company matters that need your clarification.
