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Fees and timelines in 2023

Fees

Singapore 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$13,223 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$13,223	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$13,063	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$18,080	View invoice PDF
LLC with employment visa	US$18,210	View invoice PDF
Non resident LLC with international merchant account	US$16,440	View invoice PDF
Tax resident LLC with international merchant account	US$16,440	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$36,810	View invoice PDF
Singapore licensed payment services company	US$35,085	View invoice PDF
Non-resident SVF company	US$18,690	View invoice PDF
Money remittance company	US$34,610	View invoice PDF
Money remittance and changing company	US$38,610	View invoice PDF
Singapore company limited by guarantee	US$14,746	View invoice PDF
Non-resident LLC with Eastern European bank	US$12,246	View invoice PDF
Fintech company with Sandbox license	US$26,610	View invoice PDF
Singapore tax resident LLC transfer-in	US$10,755	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
Singapore Resident LLC Annual Renewal LLC	US$9,765	View invoice PDF

Click here to create your own Singapore invoice

Service	Fee (US$)	Frequency
Company incorporation	1,940	One time
Company secretary and legal registered office	1,200	Annually
Singapore corporate bank account opening	4,950	One time
Resident director services	3,900	Annually
Residence and employment visa	3,950	One time
Singapore employment visa appeal	950	One time
Professional, passive nominee shareholder	2,100	Annually
Both nominee shareholder and director	6,600	Annually
Year end accounting and tax fees	2,700	Annually
Quarterly GST reporting services (active entity)	950	Quarterly
Quarterly GST reporting services (dormant entity)	450	Quarterly
Preparation of the annual tax return (active company)	900	Annual
Preparation of the annual tax return (dormant company)	450	Annual
Monthly bookkeeping service (estimate)	550	Monthly
Offshore corporate bank account opening	4,950	One time
Corporate merchant account approval	4,950	One time
Corporate brokerage account approval	2,950	One time
Government grants assessment	3,950	One time
Find local office premises for your staff	4,950	Monthly
Rent Healy Consultants office space	1,650	Monthly
Business website building	2,500	One time
Phone answering service	900	Annually
Office mail service	900	Annually
Fax forwarding service	600	Annually
Business stationery design with logo	950	One time
Monthly payroll for staff	550	One time
CPF set up for staff	950	One time
Staff recruitment	7,950	One time
Listing on the Singapore Stock Exchange (SGX)	49,750	One time
Trademark registration	4,950	One time
Find an apartment for your staff	4,950	One time
Find corporate finance	5,000	Retainer fee
M&A advisory	5,000	Retainer fee
Hedge fund set up	5,000	Retainer fee
Establish a legal trust	5,000	Retainer fee
Adding one shareholder to an existing company	400	One time
Transferring the shares of one existing shareholder to a new one	450	One time
Total fees (US$)	0

Other fee considerations

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 bank account approval
(2 months)

Corporate internet banking approval
(2 weeks)

Engagement completion
(1 week)

Total engagement period: 3 months

Contact us

For additional information on our company registration services in Singapore, please contact our in-house country expert, Ms. Chrissi Zamora, directly:

Ms. Chrissi Zamora
CEO Europe & Middle East
Contact me!

Institute of Singapore chartered accountant (ISCA)

icsa - institute of chartered secretaries and administrators

SIngapore exchange ltd - The Asian Gateway | SGX

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Testimonial

“Pirster Pte is happy with the work that Healy Consultants undertook for the company. International incorporation can be fraught with opacity, anxiety and vulnerability - especially if it is being done remotely as we did. Healy Consultants worked really hard to make it transparent, straight forward and confidence-inspiring. I look forward to working with Healey Consultants again on future work and happily recommend them to others.”

Fiona Thompson, Managing Director
Pirster Pte.

“We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them.”

Mr. Aniket Chatterjee, Senior Manager - Operations & Compliance
Zomato Pvt. Ltd.

“Healy Consultants did an excellent job helping me navigate the legal and accounting rules and regulations to set up a company in Taiwan.”

Peter Rooks, President
Phoenics Electronics

“Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised.”

Shakeel Alibhai,
Fervor Montreal

“Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team.”

Pramod Dubey, Chief Financial Officer & Company Secretary
Accutest Research Laboratories (India) Private Limited

“Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations.”

Steve Hauxwell, Managing Director
Natural Resource Professionals Pte Limited.

“The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions.”

Raja Chakraborty, Director
Streamlyn Pte. Ltd.

“Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain.”

Steve Louw, UK General Counsel
JLL Group

“When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now.”

Timothy F Kauffman, CEO
Trivector Services

“Finding the right partner was critical for VESL’s expansion in Asia and working with Healy Consultants has made this possible.”

Gary Webb, Managing Director
VESL

“Healy Consultants accounting and tax support is invaluable.”

Chris Vorwerg, Managing Director
WinPCS

“Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years.”

Susan Gunnery, Managing Director
Qudoss Group

“Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details.”

Nikolay Evdokimov, Director
Appintop Echange Pte Ltd

“Not only did Healy Consultants have expert knowledge of local requirements, they also understood my needs as a foreigner, which is something lacking with the Singaporean consulting firms I spoke to. They drove the process from start to completion. I’m more than satisfied with the service.”

Michael Scholten, Managing Director
Digital Enterprise Solutions Singapore Pte. Ltd.

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