Fees and timelines in 2022

Fees

pay by instalmentSingapore LLC company registration costs in Year 1 amount to US$1,940 and annual company costs in Year 2 and thereafter amount to US$600. Average business set up engagement fees approximate US$12,253 including i) company incorporation ii) multi-currency corporate bank account opening iii) resident director services (click link) and iv) government fees. Refer to the sample draft invoice below for further information on the costs of setting up a company in Singapore.

Different Singapore entity types Cost Draft Invoice
Tax resident LLC US$12,253 View invoice PDF
Legally tax exempt LLC US$12,246 View invoice PDF
Free zone company US$13,340 View invoice PDF
Branch of a foreign company US$12,300 View invoice PDF
Representative office US$8,800 View invoice PDF
Subsidiary LLC US$11,990 View invoice PDF
Holding company LLC US$12,030 View invoice PDF
PLC company US$12,330 View invoice PDF
LLC with employment visa US$17,280 View invoice PDF
Non resident LLC with international merchant account US$16,440 View invoice PDF
Tax resident LLC with international merchant account US$16,480 View invoice PDF
Fast business setup solution US$16,610 View invoice PDF
Limited liability partnership US$11,530 View invoice PDF
Limited Partnership US$12,138 View invoice PDF
Bitcoin company US$17,253 View invoice PDF
Singapore licensed cryptocurrency platform company US$35,840 View invoice PDF
Singapore licensed payment services company US$34,115 View invoice PDF
Non-resident SVF company US$18,690 View invoice PDF
Money remittance company US$33,640 View invoice PDF
Money remittance and changing company US$37,640 View invoice PDF
Singapore company limited by guarantee US$14,746 View invoice PDF
Non-resident LLC with Belarussian bank US$12,246 View invoice PDF
Fintech company with Sandbox license US$25,640 View invoice PDF
Singapore tax resident LLC transfer-in US$9,784 View invoice PDF
Singapore exempt LLC transfer-in US$9,584 View invoice PDF
LLC turnkey offshore solution with Turkey bank US$18,526 View invoice PDF

Click here to create your own Singapore invoice

Timelines

The average Singapore engagement time period is 3 months as outlined below:

Service LLC / Holding / Subsidiary Legally tax exempt LLC Free zone company Branch RO PLC LLP
Engagement Planning 1 week 1 week 1 week 1 week 1 week 1 week 1 week
Company incorporation period 1 week 1 week 1 week 1 week 1 week 1 week 1 week
Bank Account approval 2 months 2 months 2 months 2 months 2 months 2 months 2 months
Internet Banking approval 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
Engagement completion 1 week 1 week 1 week 1 week 1 week 1 week 1 week
Total engagement period 3 months 3 months 3 months 3 months 3 months 3 months 3 months


Engagement planning
(1 week)
Company incorporation
(1 week)
Corporate internet banking approval
(2 weeks)
Engagement completion
(1 week)
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Contact us

For additional information on our company registration services in Singapore, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
singapore business federation Singapore Ministry of Manpower (MOM) Institute of Singapore chartered accountant (ISCA) Institute of Singapore chartered accountant (ISCA) saicsa icsa - institute of chartered secretaries and administrators SIngapore exchange ltd - The Asian Gateway | SGX