Own an entity in Singapore within 48 hours! Instantly incorporate with model articles for a one-time set-up fee of only USD 249. 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.
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: Company Crypto Account
Our Crypto Account opening service helps you with the preparation and submission of the application to open a crypto account on behalf of your new entity, which is typically subject to the same type of KYC documentation as the opening of a fiat bank account.
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.
REQUIRED: FULLY ENCRYPTED FILE SHARING
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 share sensitive documents and information with us.
ADD-ON: Local Director by Otonomos
A Singapore company needs at least one local, physical director, who we can provide as part of our Nominee Services. Directorship comes with fiduciary duties hence our first year Director fee includes a USD 3,500 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 Nominees 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.
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 experts, all paid for on a pay-as-you go basis and cancellable anytime.
ADD-ON: Recognisable Business Address
Receive FREE OtoMail mailscan to receive all your incoming physical mail scanned directly to your mailbox when you use our prestigious Central Business District address at Level 42, 6 Battery Road, 049909 Singapore as the correspondence address for your business.
ADD-ON: Legal and Tax Annual Buffet
Benefit from our negotiated rates to obtain up to USD 5,000 in legal and tax advice per year from our Preferred Partners.