How Much Does It Cost to Incorporate a Company in Singapore?

[marvinbeth]

Are you looking to incorporate a company in Singapore? If yes, do you know how much it cost? If no, and you are looking to know it, we are here to help you.

Incorporating a company in Singapore is much easier than incorporating a company in other nations. And one of the biggest advantages of starting a company or business in Singapore is that it provides broader business opportunities to all the business enthusiasts. It wholeheartedly supports and promotes startups and new company incorporation.

The company incorporation process in Singapore is fully computerized. You can complete the entire registration process online. In Singapore, accounting and company incorporation is operated by the Accounting and Corporate Regulatory Authority (ACRA). It is the main regulatory body that regulates the accounting and corporate legal processes.

To incorporate a company in Singapore, ACRA charges $15 as a name application fee. Apart from this, it charges a $300 registration fee. That means you have to spend an estimated total amount of $315 to incorporate a company in Singapore.

However, if you hire a company formation service in Singapore, you will have to pay some other charges to them. Still, it is better to hire them as they know the full legal process and formalities of forming a company in Singapore.