Accounting, Corporate and Singapore Company Incorporation Fees (Flat Rate)
WLP Group offers a range of corporate services. This includes accounting, tax services, corporate and company incorporate services. At WLP Group, our goal is to be the one-stop solution for all business in Singapore to go to! Our mission is to help take the stress and hassle of mundance business activities such as accounting. This will allow you to spend more time on improving your product and service.
Below are the fees of WLP Group’s services. This includes our Singapore company incorporation fees and details on ACRA regulations and requirements. For a customised quote, drop us an email at email@example.com.
Singapore Company Incorporation Fees
SINGAPORE COMPANY INCORPORATION FEES WITH 1ST YEAR SECRETARIAL SERVICE - FROM S$800
MORE INFORMATION ON SINGAPORE COMPANY INCORPORATION
- Our Singapore company incorporation fees depend on the client and type of Singapore company incorporation process. For example, the process of foreign company setup in Singapore is different from a local Singaporean or PR setting up a business in Singapore.
- In addition, there are different rules and regulations for incorporating a company in Singapore, depending on the entity type and industry that your new company is in.
What is ACRA?
ACRA is stands for the Accounting and Corporate Regulatory Authority. ACRA is part of the Singapore government and is the national regulator for all company incorporation activities islandwide. ACRA has the responsibility of making sure that all entrepreneurs going through the Singapore company incorporation process have met all criterias.
ACRA will also send out invitations and letters to companys’ shareholders and directors if a new company is required to file any legal documents pertaining to its business activities in Singapore. Therefore, it is important to check your email and be a lookout for emails from ACRA. “Accidentally” missing out on important notices could result in fines and imprisonments.
ACRA’s Singapore Company Incorporation Fees
All Singaporean entrepreneurs can go through the company incorporation process without the assitance of a incorporation consultancy firm. Entrepreneurs can do so via the BizFile portal on ACRA’s website. Local citizens and Singapore Permanenet Residents (PRs) can access the BizFile portal using their SingPass ID. ACRA does charge several fees to set up a company, including a SGD $15 company name application fee and SGD $300 incorporation application fee.
However, note that foreigners in Singapore can’t go through the foreign company set up in Singapore process without a Singapore company incorporation service provider.
This law is decided by ACRA. In addition, ACRA requires all local and overseas entrepreneurs to have a local address when setting up a new company in Singapore.
Most corporate secretarial firms in Singapore provide incorporation packages costing between S$500 and S$1,500 depending on the precise scope of services needed, though they may charge more for more complex services. Without the assistance of WLP Group, it is possible to make many mistakes during the incorporation application.
Minor mistakes could set back your incorporation application by a few weeks whereas serious errors could result in delays by months and fines by the Singapore government.
Work Pass Application Fees
ENTREPRENEUR PASS APPLICATION - S$4,500
Nominee Director Fees
NOMINEE RESIDENT DIRECTOR - S$3,500 (PER ANNUM)
Secretarial Services Fees
COMPANY SECRETARY - FROM S$350
STRIKING-OFF COMPANY - FROM S$500
Taxation Services Fees
CORPORATE TAX FILING (FORM C) - FROM S$350
PIC CASH GRANT SUBMISSION
GST APPLICATION - FROM S$300
COMPUTATION & SUBMISSION OF GST RETURN
E-STAMPING WITH IRAS - S$50 (PER JOB)
Personal Income Tax
SOLE-PROPRIETOR : COMPUTATION OF 4-LINE STATEMENTS & FORM B SUBMISSION
PARTNERSHIPS : COMPUTATION OF 4-LINE STATEMENTS & FORM P SUBMISSION
Accounting Services Fees
COMPILATION OF FINANCIAL STATEMENT - FROM S$500
XBRL FILING FOR INSOLVENT COMPANIES
BOOKKEEPING (MONTHLY/ QUARTERLY/ HALF-YEARLY/ ANNUALLY)
ACCOUNTING SYSTEM SETUP - S$400 (ONE TIME)
PREPARATION OF CONSOLIDATED ACCOUNTS - FROM S$700
Human Resource Fees
MONTHLY PAYROLL - FROM S$50
CPF ACCOUNT APPLICATION - S$100
Audit Services Fees
SINGAPORE STATUTORY AUDIT (ACTIVE COMPANY) - FROM S$3,000
RENTAL / SALES AUDIT SERVICES - FROM S$800 (PER AUDIT)
Business Advisory Fees
CORPORATE TAX PLANNING
FINANCIAL AND SINGAPORE TAX DUE DILIGENCE AUDIT
BUDGET & ACCOUNTING CASHFLOW FORECASTS
RELATED QUICK FACTS
Financial Statements and Accounts Preparation:
All directors in Singapore are required (by law) to present financial statements and accounts that comply with the strict Accounting Standards, of which give an honest view of the company’s state of affairs to its shareholders. Our experienced accountants will ensure that your financial statements are prepared according to the Accounting Standards requirements that will be filed to Accounting and Corporate Regulatory Authority (ACRA). In addition, we can assist you with the comprehensive preparation of AUDITED financial statements and accounts. For more information. Check out our Financial Statement Preparation Service.
GST Computation & Submission:
If you are a GST-registered trader, you would need to submit quarterly GST returns to IRAS (Inland Revenue Authority of Singapore). If you need assistance with computations and to avoid missing filing deadlines, check out our GST Computation & Submission Service.