Local Package Private Limited Company

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Local Package Private Limited Company

Key Information to Note

  • Mandatory requirements in setting up a Singapore Private Limited Company
    • At least 1 local resident director
    • Minimum of 1 shareholder
    • 1 Company Secretary
    • Minimum paid up capital of $1
    • A Singapore registered office address

 

  • Package price for local residents

This package is ideal for entrepreneurs who would like to set up small business with simple ownership.  The package price covers the incorporation of a company with 3 local directors and shareholders only. However, we have the Add-ons Section that gives you the options to add directors and shareholders or even avail additional services at reasonable costs. These add-ons do not form part of the package price but are additional costs. 

  • Cost savings when you avail this package

Company Secretary service is complimentary on the first year of incorporation. The succeeding year’s cost is $750 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.
     

Total price to be paid
$XXX.XX


Back Continue
  1. The package is for new or non-existing clients of Accmaster.
  2. The package price covers the incorporation of a company with 3 local directors and shareholders only. In the event that the customer wishes to add a director, shareholder and/or service, the customer agrees to pay the additional costs for each respective additional director, shareholder and/or service.
  3. Model Constitution will be adopted.
  4. The package price DOES NOT include out-of-pocket expenses that may be incurred in connection with the completion of incorporation services, including but not limited to delivery costs, courier, IDD telephone charges, scanning, photocopying, or other similar expenses. 
  5. Accmaster reserves the right to invoice the customers for any additional service that is not included in this package that the customer may require during the incorporation process.
     

1. What are the basic requirements in setting up a private limited company?
There are 5 statutory requirements to set up a Private Limited Company as follows:

  • At least 1 Singapore resident director (Singapore Citizen, Singapore Permanent Resident, Employment Pass holder)
  • At least 1 shareholder (either an individual, a company or a limited liability partnership)
  • 1 Company Secretary
  • Minimum paid-up capital of $1
  • Physical office address in Singapore

2. How long does it take to incorporate a Singapore company? 
The time frame to incorporate a company mainly depends on how quickly you respond to us (send the required documents to us, reply to our queries and return the e-signed documents to us). Provided that the documents and information submitted to us are accurate and complete, we can incorporate the company within 1-3 working days. However, it may take between 14 days to 60 days if the application needs to be referred to another agency for approval or review.  

3. Can I act as a Director and Company Secretary at the same time?
Yes, a director can also serve as a company secretary, however, the sole director of the company cannot act or be appointed as a company secretary. 

4. Can I register a business at my home address?
Yes, for small-scale businesses and provided that you have the approval under the Home Office Scheme managed by the Housing Development Board (for HDB flats) and Urban Redevelopment Authority (for private residential properties). You must apply for approval before submitting your application to incorporate your company.

5. What is a paid-up capital?
Paid up capital” refers to the amount shareholders have paid to the company for their shares.

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Address 10 Ubi Crescent #06-18 Ubi Techpark (S) 408564
1 North Bridge Road #18-01
High Street Centre (S) 179094 Contact Number +6565934333