Jurisdiction: Singapore

singapore

It is not surprising that the World Bank has chosen this city state as the easiest place to do business. Singapore has a very efficient infrastructure, a stable socio-political climate and one of the lowest corporate tax rates in the world.

As the Singapore government supports entrepreneurship, incorporating a company in Singapore can be done quickly and efficiently, even without the physical presence of the shareholder(s). The professional and experienced team at BlueMeg not only has the legal expertise to assist you in this process but also uses the latest technologies to enhance the clients’ experience as much as possible.

Singapore by the numbers

Corporate Profit Tax 17% (0% if profits have foreign source)
Income tax Progressive 2% to 22%
Tax rate on dividends 0%
Tax rate on capital gains 0%
Tax exemptions The first SGD 100k of chargeable income, 100% is exempted from tax and for the next SGD 200k of chargeable income, 50% is exempted from tax.

What you need to know

  • Your company requires an individual resident director. This person can be a Singapore citizen or a Permanent Resident (PR). Corporate directors are not allowed in Singapore. BlueMeg provides resident director services.
  • There are two mandatory tax filings to keep in mind:
    1. the Estimated Chargeable Income (ECI) filing, due 3 months after your financial year end; and
    2. the Corporate Tax Return filing, due each year in November (for the preceding financial period).
  • An Annual General Meeting (AGM) has to be convened every year (i.e. 6 months from the financial year end). Thereafter, the Annual Return has to be filed with the Accounting and Corporate Regulatory Authority (ACRA) within 1 month from the AGM date (i.e. within 7 months from the financial year end).

pricing

BlueMeg has clear, transparent pricing - all inclusive.

No hidden fees. Fees include all the basic required services and government fees.

1. Company formation

New company

USD 450

Includes all government fees - one-time charge.

Onboard existing company

free

We will manage the transition from your current company secretary for free.

2. Company Secretary

Every company requires a licensed company secretary to take care of your annual filings.

BASIC

USD 650 / annual
  • Up to 5 shareholders/directors
  • Registered Office address
  • No corporate shareholders

PREMIUM

USD 1,500 / annual
  • All from BASIC package
  • Up to 15 shareholders/directors
  • Corporate shareholders allowed
  • Mail collection, storage, and scanning

COMPREHENSIVE

USD 3,000 / annual
  • All from PREMIUM package
  • Up to 50 shareholders/directors
  • Required for audited or public companies
Optional services
Individual Resident Director
from USD 3,500 / annual
Mail collection, storing & scanning
usd 300 / annual
Bank account opening assistance
USD 1,500 / one-time
Local General Employment Pass (visa)
USD 1,000 / one-time
Accounting
From USD 1,000 / annual
Corporate tax filing
From USD 500 / one-time

Process & Requirements

Place order online

Simply place your order online. Our friendly collegues will send you our Client Service Agreement to sign online.

Submit required documents

Upload the required documents. We need a copy of all directors and shareholders identity documents and addresses.

Company Secretary checks documents

Our experienced company secretaries will prepare the incorporation documents.

Review and sign incorporation documents online

We will let you review the final documents before we submit them to the regulatory bodies

Company incorporated with the regulatory bodies

We submit the documents to the regulatory bodies and your company is incorporated within 48 hours.

Technology

The BlueMeg Console

Our clients enjoy a dedicated, secure, and digital environment in which they can view and actively manage their companies. Our console transforms the way client interactions take place by making them efficient, easy, and pleasant. Easily and securely submit your KYC documents and view & sign your company's documents.

Console
Screenshot of Console

perks you get with us

As our client you become part of our community and get extra saving from our partners:

Start with BlueMeg today!

Incorporate a new company or onboard your existing company instantly via our online order form.