Frequently Asked Questions (FAQs)
Here’s an expanded Help Section with at least six questions per main category: Business Setup, Operational Compliances, and Additional Services.
Business Setup
The process involves choosing a business structure, registering your company with ACRA, opening a corporate bank account, and ensuring compliance with local regulations. We guide you through every step.
You can register as a Sole Proprietorship, Partnership, Limited Liability Partnership (LLP), or Private Limited Company (Pte Ltd). The most common and recommended structure is the Pte Ltd.
Typically, it takes 1-2 business days to incorporate a company, provided all documents are in order.
Yes, Singapore law requires at least one resident director (Singapore citizen, PR, or Employment Pass holder). We can assist in providing a nominee director if needed.
Yes, foreigners can set up a business in Singapore. However, they must meet certain requirements, such as appointing a local director and engaging a professional firm to handle the registration process.
There is no minimum capital requirement to start a business in Singapore. You can start with as little as SGD 1.
Operational Compliances
Companies must file annual returns with ACRA, hold Annual General Meetings (AGMs), and submit financial statements. Additionally, they must comply with tax filing requirements with IRAS.
While it’s not mandatory to hire a full-time accountant, you must maintain proper accounting records and file accurate tax returns. We offer accounting and bookkeeping services to ensure compliance.
GST is a consumption tax levied on goods and services in Singapore. Your business must register for GST if your taxable turnover exceeds SGD 1 million in a 12-month period.
Companies are required to file Estimated Chargeable Income (ECI) within three months of the financial year-end and submit their annual tax return by November 30th each year.
Non-compliance can result in penalties, fines, or even the striking off of your company from the register. We help ensure your business stays compliant with all regulations.
Certain industries require specific licenses that may need renewal. We can help you identify and manage these requirements.
Additional Services
We provide a range of services, including accounting and bookkeeping, corporate secretarial services, tax filing, GST registration, work pass applications, and more.
Yes, we assist with the preparation of required documents and introductions to leading banks in Singapore to streamline the account opening process.
Yes, we offer virtual office services, including a registered business address, mail handling, and call forwarding, to help you establish a professional presence in Singapore.
Absolutely. We handle the entire process of applying for Employment Passes, S Passes, and Work Permits for your foreign employees.
Yes, we provide professional nominee director services to meet the local director requirement for your company.
Yes, we assist with trademark registration to protect your brand and intellectual property in Singapore.
Yes, we offer comprehensive corporate secretarial services, including maintaining statutory registers, preparing AGM minutes, and filing annual returns.
