Singapore has ranked high among the best and easiest places to set up business in the world for many good reasons:
well developed infrastructure
friendly tax regime
strong legal protection for intellectual properties
highly educated and large population of business talents
enthusiastic government support for entrepreneurship
Not only has the nation weathered through many previous economic downturns, it even reported a 12-year high $17.2 billion of investments in 2020 amid the global pandemic.
Cost to Open a Company in Singapore
The Private Limited Company (Pte Ltd) is by far the most popular business structure of entrepreneurs. Minimum Setup Requirements are:
1 Shareholder (individual or corporate entity)
1 Local Director
1 Company Secretary
Initial paid-up share capital of at least S$1
A physical Singapore registered office address
If you’re a local or overseas entrepreneur looking to set up a new company in Singapore, and have been researching prices and incorporation agents, you must have come across many different packages for how much to set up a company in Singapore and the services each package includes, such as the one below, which is VentureHaven’s.
However, if your firm has only a sole director or shareholder, then a separate natural person has to be appointed as Company Secretary and so you may want to consider our Business S$695 Package, which comes with Company Secretary Services plus First-year Annual Return Filing to ACRA. It’s our most popular package for good reasons.
And, if you want to look ahead and get year-end tax filing hassles out of the way, our Premier S$1380 Package is something to consider.