Own an entity in Singapore within 48 hours! Instantly incorporate with model articles for a one-time set-up fee of only USD 880. Add recommended options including bank accounts, employment passes and legal/tax packages.
REQUIRED: COMPANY FORMATION
Our incorporation pack includes name check and application, template constitution, initial capital structure and share issuance, filing with official registry, payment of Government fees, and full digital document suite.
MUST HAVE ADD-ON: Crypto Exchange Account
Given that we have all entity documents and your Know-Your-Customer documents on file, it will save you significant cost and effort if we apply to open a crypto exchange account on your behalf.
NOTE: Our account opening service is on a best-effort basis and subject to the ultimate discretion of our exchange partners and availability of the exchange in your chosen jurisdiction.
ADD-ON: Company Fiat Bank Account
A fiat bank account is still a must-have for most businesses. Our Bank Account opening service helps you with the preparation and submission of the application to speed up the process of getting your entity all banked. Our fee is capped provided we can obtain all necessary KYC documents from you.
ADD-ON: Employment Pass
Your Employment Pass is linked to your employment in Singapore with your or any local company here, and subject to a number of qualifying criteria, most prominent the salary you pay yourself or will be paid. Our capped fee includes one application and one appeal. RECOMMENDED: If you seek to gain residency through your own entity in Singapore, you will need to add one third-party director to your company, which Otonomos can provide as a Nominee.
ADD-ON: Dependent Pass (per dependent)
Each of your dependents will need to apply for a Dependent Pass linked to your main Residency Pass in order to lawfully reside with you in Singapore and travel without restrictions.
ADD-ON: Personalised Residency
Eligible high-earning foreign professionals can apply for a Personalised Employment Pass (PEP) in Singapore. Pass holders have greater job flexibility than with the EP however, they need to meet certain requirements to hold the pass, such as earning at least SGD 144,000 per calendar year.
2. Annual maintenance
Annual maintenance of your company is paid for each year in advance and includes a registered agent and address for your company, and its annual filing. Add-ons include corporate shareholders, nominee services, and accounting services.
REQUIRED: REGISTERED AGENT AND OFFICE
Your company will need a local agent and registered address in Singapore. For only USD 600 per year, we will assign you a qualified corporate secretary, provide you with a FREE standard registered address, and submit your annual filing.
Fully Encrypted File Sharing
No more private documents attached to insecure emails! For enhanced privacy and as a precaution against identity theft, we require our clients to use a snoop-free, end-to-end encrypted Tresorit™ folder to upload and share sensitive documents with us. We also use the folder to securely store all documents in relation to your entity.
ADD-ON: Local Physical Director by Otonomos
A Singapore company needs at least one local, physical director, who we can provide as part of our Director Services. Directorship comes with fiduciary duties hence our first year Director fee includes a USD 5,000 deposit which will be refunded to you upon termination of our directorship. You can also appoint your own local Director. This needs to be a local resident or Singaporean national with the appropriate qualifications, who can look after the day-to-day matters of your company. Our Directors act under a general power of attorney.
ADD-ON: Corporate Nominee Director
Our Nominee Services also include the appointment of corporate director(s) to your entity, creating an extra layer of distance between you as controller and the company. As with a physical Director, our Corporate Directors act under a general power of attorney. RECOMMENDED ADD-ON: Add a special power of attorney to have your Nominee act on specific, ad hoc instructions such as bank or crypto transactions.
ADD-ON: Nominee Shareholder
Our Nominee Shareholder service offers privacy and asset protection in jurisdictions with a public register of companies which typically includes details of companies' shareholders including residential address. Whilst a Nominee Shareholder would still require you to comply with KYC as the company's Ultimate Beneficial Owner, it does offer privacy and can shield assets from preying eyes and/or creditors.
ADD-ON: Annual Accounts
Our annual accounting service prepares your Company's accounts when due for only USD 1,500 per year. You can have your accounts audited from USD 4,000 extra per year.
ADD-ON: Accounting, Bookkeeping
Our accounting service also include monthly book-keeping starting from USD 100/mo (paid annually) which includes the setup of your accounting systems, linkage with your bank accounts (if applicable), expense management and forex reconciliation.
$300.00 / month
3. Pay-as-you-go services
Benefit from ancillary services for your company such as a recognisable correspondence or registered address, OtoMail mailscan and access to our team of legals experts, all paid for on a pay-as-you go basis and cancellable anytime.
MUST-HAVE ADD-ON: Singapore Central Business District Address
For only USD 50/month (paid annually), use a prestigious Singapore address as the correspondence address for your business and get FREE OtoMail mailscan to receive all your incoming physical mail scanned directly to your email:
Level 42, 6 Battery Road
For an extra USD 80/month (paid annually), receive all your physical mail couriered to you once a month wherever you are by signed-for international courier.
For an additional USD 70/month (paid annually), use 6 Battery Road as the registered address for your business.
ADD-ON: Legal and Tax Buffet
Benefit from our negotiated rates to obtain USD 2,000 in legal and tax advice per 5 hours from our Preferred Partners.