Fees and timelines in 2023


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$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 typesCostDraft Invoice
Tax resident LLCUS$13,223View invoice PDF
Legally tax exempt LLCUS$12,246View invoice PDF
Free zone companyUS$13,340View invoice PDF
Branch of a foreign companyUS$13,063View invoice PDF
Representative officeUS$8,800View invoice PDF
Subsidiary LLCUS$11,990View invoice PDF
Holding company LLCUS$12,030View invoice PDF
PLC companyUS$18,080View invoice PDF
LLC with employment visaUS$18,210View invoice PDF
Non resident LLC with international merchant accountUS$16,440View invoice PDF
Tax resident LLC with international merchant accountUS$16,440View invoice PDF
Fast business setup solutionUS$16,610View invoice PDF
Limited liability partnershipUS$11,530View invoice PDF
Limited PartnershipUS$12,138View invoice PDF
Bitcoin companyUS$17,253View invoice PDF
Singapore licensed cryptocurrency platform companyUS$36,810View invoice PDF
Singapore licensed payment services companyUS$35,085View invoice PDF
Non-resident SVF companyUS$18,690View invoice PDF
Money remittance companyUS$34,610View invoice PDF
Money remittance and changing companyUS$38,610View invoice PDF
Singapore company limited by guaranteeUS$14,746View invoice PDF
Non-resident LLC with Eastern European bankUS$12,246View invoice PDF
Fintech company with Sandbox licenseUS$26,610View invoice PDF
Singapore tax resident LLC transfer-inUS$10,755View invoice PDF
Singapore exempt LLC transfer-inUS$9,584View invoice PDF
LLC turnkey offshore solution with Turkey bankUS$18,526View invoice PDF
Singapore Resident LLC Annual Renewal LLCUS$9,765View invoice PDF

Click here to create your own Singapore invoice


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

ServiceLLC / Holding / SubsidiaryLegally tax exempt LLCFree zone companyBranchROPLCLLP
Engagement Planning1 week1 week1 week1 week1 week1 week1 week
Company incorporation period1 week1 week1 week1 week1 week1 week1 week
Bank Account approval2 months2 months2 months2 months2 months2 months2 months
Internet Banking approval2 weeks2 weeks2 weeks2 weeks2 weeks2 weeks2 weeks
Engagement completion1 week1 week1 week1 week1 week1 week1 week
Total engagement period3 months3 months3 months3 months3 months3 months3 months

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

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