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Curious how much you really need to set up a private limited company in Singapore? The headline government fees are clear: ACRA charges S$15 for name reservation and S$300 for incorporation.

Those baseline fees are only the start. Most founders must also budget for a company secretary, a registered address and initial compliance support. Locals typically spend around S$1,500–2,500 in year one, while foreign founders often see totals nearer S$3,500–4,000.

This guide separates fixed ACRA fees from variable professional fees and previews the main cost drivers: nominee director needs, bundled accounting and tax services, and ongoing compliance levels.

Whether you plan to compare DIY routes, all‑inclusive providers or traditional firms, this article helps you judge total first‑year cost, risk, convenience and scalability. For a broader view of setup expenses, see a detailed cost overview here: complete guide to setup costs.

Key Takeaways

  • ACRA fees form the baseline but are a small portion of first‑year totals.
  • Typical first‑year totals vary notably for local and foreign founders.
  • Compare like‑for‑like packages: fixed government fees vs variable service fees.
  • Main cost drivers: nominee director, accounting/tax bundling and compliance level.
  • Focus your choice on total cost, risk of penalties, convenience and growth needs.

What you’re really paying for when you hire a registration consultant in Singapore

The headline government charges are fixed, yet professional bills determine the true first‑year total. ACRA applies S$15 for name approval and S$300 for incorporation, so the mandatory portion is predictable.

Mandatory ACRA government fees versus professional service fees

The two‑part bill is simple: (1) fixed government fees everyone pays, and (2) professional fees for expertise, admin and risk reduction. Paid services prepare and submit filing on BizFile+, cut error rates and speed approval.

Why “cheap incorporation” is rarely the full first‑year cost

Headline “from S$X” offers often exclude essentials. First‑year spending normally adds secretary appointment, a registered office and annual return preparation—either bundled or extra.

Common inclusions at incorporation and the real value

Typical professional services cover company registration filing, drafting the constitution, producing statutory registers and issuing post‑incorporation documents.

More than one‑off form filling, the main value is compliance setup: calendars, resolution templates and register maintenance that prevent penalties later.

  • Buyer’s checklist: confirm secretary, registered address, annual filings, and what is an add‑on in writing.
  • Remember: ACRA fees are predictable; add‑ons vary by provider and founder profile.

A professional business consultant in a well-lit office setting, dressed in smart business attire, stands at a sleek glass desk covered with registration documents and a laptop. In the foreground, a close-up of the documents highlights intricate details like company logos and signatures. In the middle ground, the consultant looks thoughtfully at a detailed chart on the laptop screen showing the registration process. The background features a modern office environment with soft natural light streaming through large windows, casting gentle shadows. The atmosphere is focused and professional, conveying the serious nature of business registration in Singapore. The image has a photorealistic quality, emphasizing the details in the consultant's attire and the documents on the desk.

singapore business registration consultant cost breakdown in today’s market

Knowing which charges are unavoidable helps you judge any package price properly.

Start with the fixed government filing fees: name application S$15 and incorporation S$300, totalling S$315. Every route—DIY, platform or traditional firm—pays these ACRA fees.

Ongoing ACRA charges to budget for

The Annual Return filing fee is S$60. Expect recurring ACRA fees of roughly S$60–120 per year when you include routine filings.

Other examples: conversion S$40, Notice of Error S$60, registration of charges S$60 and extensions S$200.

Company secretary: what “qualified” means

The law requires a company secretary to be appointed within six months of incorporation and to be ordinarily resident. Typical secretary fees run about S$300–1,000/year.

A sole local director cannot act as secretary for the same company. That governance rule affects small teams and budgets.

Registered office and address rules

Your registered office must be a physical local address, accessible at least five hours in business hours, and not a P.O. Box. Address service plans cost roughly S$100–500/year.

Nominee director and non‑resident founders

Foreign owners must provide at least one local resident director. Nominee director services commonly range S$2,000–5,000/year and may require deposits.

Accounting, tax and audit

Accounting, tax filings and bookkeeping sit outside incorporation fees. Corporate tax is 17% and GST registration is required once turnover exceeds S$1,000,000.

Auditor appointment may be needed within three months unless exempt; audit fees vary by complexity and transaction volume.

A professional company secretary seated at a sleek, modern office desk, surrounded by documents, a laptop displaying financial graphs, and a stylish pen. The foreground focuses on the secretary, a middle-aged Asian woman dressed in formal business attire, looking diligently at paperwork. In the middle ground, shelves filled with neatly arranged file folders and an elegant potted plant add to the professionalism. The background showcases a panoramic view of Singapore’s skyline through large windows, hinting at the business environment. Soft, natural light pours in, creating an inviting and focused atmosphere. The image conveys a sense of competence and professionalism, perfect for illustrating the nuances of consultant costs in the business registration process.

Item Typical charge (S$) Frequency
ACRA name application 15 One‑time
ACRA incorporation 300 One‑time
Annual Return filing 60 Annual
Company secretary 300–1,000 Annual
Registered address service 100–500 Annual
Nominee director 2,000–5,000 Annual

Use this line‑item framework when you compare any quote: one‑time ACRA fees, first‑year professional fees and recurring annual compliance charges. Clear headings and numbers make comparisons fair and quick.

DIY BizFile+ vs digital platforms vs traditional firms: which option fits your business?

Different setup routes trade off price, speed and the scope of ongoing services.

DIY via ACRA BizFile+ suits founders who are comfortable with online forms and compliance. The minimum outlay can start from S$315 (ACRA fees only). You still must appoint a company secretary, secure a local registered address and maintain a compliance calendar.

All-in-one digital providers advertise packages from about S$650. These bundles often include filing, one year of secretary service and introductions for a bank account. Bundles reduce surprise charges and speed time-to-launch.

Traditional corporate firms commonly start around S$800. They offer bespoke support, but add-ons such as address, nominee director or later amendments can push totals higher.

Who handles what

  • You handle: director decisions, bank account approvals and ongoing bookkeeping unless contracted otherwise.
  • Provider handles: incorporation filing, statutory registers, annual return preparation and routine secretarial tasks (depending on the package).

A modern office scene showcasing a group of diverse professionals engaged in a discussion about company incorporation. In the foreground, a South Asian man in a tailored suit is animatedly presenting on a tablet, highlighting the differences between DIY BizFile+, digital platforms, and traditional firms. Beside him, an East Asian woman in smart casual attire is taking notes, while a Caucasian man in glasses is thoughtfully analyzing documents. In the middle, a large conference table is covered with papers, laptops, and a company incorporation flowchart. The background features large windows revealing a skyline of Singapore, bathed in warm afternoon light, creating an atmosphere of collaboration and innovation. The scene is photorealistic, emphasizing professionalism and the importance of informed decisions in business registration.

Route Typical start price (S$) What’s usually included
DIY (BizFile+) 315 ACRA filing only; you arrange secretary and address
Digital platform ~650 Filing, 1 year secretary, bank account support (varies)
Traditional firm ~800 Bespoke support; add-ons may apply

Decide by weighing time-to-launch, internal capability and appetite for compliance risk. Note that banking assistance varies: some services make introductions; final bank account approval rests with the bank.

For terms and service details, check the terms and conditions.

Local founders vs foreign founders: why the costs diverge

Deciding who must sit on the board changes your first‑year budget more than which provider you pick.

Local owners: realistic first‑year range

Local owners typically face predictable charges: ACRA fees plus a company secretary and a registered address. Starter packages often bundle one year of secretary service and an address, plus filing.

That mix usually lands in the ~S$1,500–2,500 range for the first year. The package saves time and reduces errors, which is why many locals accept the bundle rather than piecing services together.

Foreign owners: nominee director impact

Foreign founders must provide at least one local resident director. If founders are not residents, a nominee director service becomes necessary.

Nominee director fees and possible deposits push first‑year totals to about S$3,500–4,000. Expect recurring annual charges for the nominee, secretary and address thereafter.

Who qualifies as a local resident director?

A qualifying director is normally a citizen, permanent resident or an eligible pass holder. If you lack at least one such resident, you will need a nominee arrangement.

Employment Pass budgeting and timing

Factor in the employment pass application: an application fee of S$105 and an issuance fee of S$225. Professional visa assistance usually sits outside incorporation packages and adds to upfront charges.

Timing matters. Appointing the secretary and resident director within months of incorporation is compulsory. Leaving these until the last minute can trigger rushed, higher‑priced fixes.

Practical tip: plan nominee director + registered address + secretary + accounting/tax as an integrated cost stack when foreigners budget to launch in business singapore.

A confident business director standing in a modern Singaporean office, showcasing an elegant and professional demeanor. In the foreground, the director, of Asian descent, is dressed in a tailored navy suit, arms crossed, looking thoughtfully at a digital tablet. In the middle, an urban backdrop reveals a panoramic view of Singapore's skyline, with iconic buildings and lush greenery visible through large glass windows. The lighting is bright and natural, casting soft shadows, enhancing the polished, contemporary feel of the space. The atmosphere is balanced and engaging, reflecting a sense of professionalism and ambition. The composition uses a slight low angle to emphasize the stature and authority of the director, while maintaining a clean and focused frame devoid of any text, logos, or distractions.

Ongoing annual compliance costs after incorporation

Once your company is live, recurring compliance demands shape the true annual budget. These are the routine filings, records and advisor services you cannot ignore.

Annual return preparation and filing covers the formal annual returns and the S$60 ACRA filing fee. Providers may include this fee in packages or list it as a separate charge, so confirm before you sign.

Corporate secretarial support keeps statutory registers, drafts resolutions and processes director and share changes on time. A retained secretary prevents missed deadlines and penalties.

Accounting and tax work sits outside incorporation: bookkeeping cadence, preparation of financial statements, corporate tax filing and record retention for at least five years. GST registration is mandatory once taxable turnover exceeds S$1,000,000 and usually brings quarterly returns and stricter controls.

  • Dormant company: minimal filings, low external fees.
  • Growing trading company: regular bookkeeping, quarterly GST, tax returns and higher accounting fees.
  • High‑volume or regulated operations: audits, frequent filings and specialist services drive costs higher.
Item Typical annual range (S$)
Filing & routine ACRA fees 60–120
Accounting, tax and bookkeeping 3,000–5,000
Secretary & address services 300–1,000

“Under-buying compliance support can lead to penalties and expensive remedial filings later.”

How to compare consultants and avoid costly surprises

Choosing the right provider starts with peeling back the headline package to reveal true commitments. A short checklist helps you compare on a like‑for‑like basis and spot exclusions that raise ongoing costs.

Before you ask for a quote, confirm statutory items the company will handle and which you must keep in house. Focus on the first year and recurring obligations that affect cashflow within months of incorporation.

Questions to ask about inclusions

  • Does the package include a company secretary and for how long?
  • Is a registered address included, and does it meet statutory rules (no P.O. Box)?
  • Are Annual Return preparation and ACRA filing covered, or billed separately?
  • What ongoing support is offered for routine changes to company name or share structure?

Spotting add-ons, deposits and nominee terms

Ask about extra charges for amendments, out‑of‑scope filings and nominee director arrangements.

Nominee terms often include annual renewals, deposits and indemnities. Read the service agreement; deposits may be refundable under strict conditions.

Bank account opening assistance: what it does and does not cover

Many firms offer introductions, document checklists and meeting prep for a bank account. They cannot guarantee approval or speed the bank’s decision.

Match packages to your needs

  • Choose a hands‑on package if you prefer delegated compliance and growth support.
  • Opt for basic service if you want low initial outlay and will handle routine filings.
  • Check that the firm can scale its services as your business hires or raises funds.
Item Question to ask Why it matters
Secretary Included? Duration? Prevents statutory breaches within months incorporation
Registered address Physical address provided? Legal requirement; P.O. Boxes not allowed
Nominee terms Deposit, renewal, indemnity? Affects annual costs and liability

“Always insist on an itemised schedule of what is included and what triggers extra fees.”

For serviced office options that pair address and support, consider checking a reputable provider such as serviced office rental to compare real‑world pricing and flexibility.

Conclusion

Deciding on a package means weighing true annual exposure, not just the one‑time headline fee.

Anchor your plan on the S$315 ACRA baseline, then add a company secretary, a registered office and routine compliance support to estimate first‑year totals.

Expect local founders to budget roughly S$1,500–2,500 in year one, while foreign founders commonly face S$3,500–4,000 due to nominee director requirements.

Compare providers by total first‑year fees, clear inclusions and responsiveness for ongoing filings — not only incorporation speed.

Practical next steps: confirm statutory roles, map post‑incorporation deadlines, budget for tax and accounting, and secure an office address that meets legal rules.

Choose the package that fits how your company will operate this year, not just how quickly it will be registered.

FAQ

What fees are unavoidable when incorporating a company in Singapore?

The mandatory government charges to ACRA include name reservation and incorporation filing fees. These are fixed and payable on submission. Other unavoidable costs can include mandatory company secretary appointment within six months and a physical registered office address that is not a PO Box.

How do professional service fees differ from government charges?

Professional fees cover time and expertise: preparing and filing incorporation documents, drafting the constitution, maintaining statutory registers, and ongoing compliance support. Government charges are fixed and go directly to regulators, whereas professional fees vary by provider and service level.

Why might a low “incorporation” price not reflect the first‑year total?

Low upfront packages often exclude essentials such as company secretary annual fees, registered office fees, nominee director services for foreign owners, accounting setup, tax registrations and bank account assistance. Add‑ons like employment pass applications or audit readiness can raise first‑year spend significantly.

What does a typical inclusion list look like in a standard package?

Common inclusions are name application, incorporation filing, company constitution, appointment of a qualified company secretary (or arrangement to appoint within six months), and a registered office address for service. More comprehensive bundles may add statutory registers, share certificate preparation and basic governance templates.

How much should I budget for company secretary services?

Fees vary with provider and scope. Expect an annual charge for statutory duties: filing annual returns, maintaining registers, arranging meetings and changes to directors or shareholders. The law requires appointment of a qualified secretary within six months of incorporation, so budget for at least one year of service.

What are the registered address requirements?

The company must have a physical registered office in Singapore that is accessible during normal business hours. A PO Box is not acceptable. Many firms offer registered office services as part of a package; verify whether mail handling or forwarding is included.

If I am a foreign owner, why might I need a nominee director?

A locally resident director is mandatory. Foreign owners who lack a Singapore resident director must appoint one—either a trusted local director or a nominee service. Nominee arrangements carry recurring fees and specific terms, so review scope and notice requirements carefully.

Are accounting and tax compliance included in incorporation packages?

Often they are not. Accounting, bookkeeping, corporate tax filing and possible GST registration are usually sold as separate services. Budget for ongoing accounting support, payroll and annual tax filings, which depend on turnover and complexity.

When is an auditor required and what are audit costs like?

An audit is required for companies that do not qualify for audit exemption (e.g. based on meeting qualifying criteria). Audit fees depend on the size, transaction volume and record quality. Small dormant companies may avoid audits, while active trading firms should secure quotes once financials are established.

How does DIY via BizFile+ compare with digital providers and traditional firms?

DIY via BizFile+ suits those comfortable with statutory forms and who can arrange their own secretary and address. Digital providers offer bundled, faster services at competitive prices and often include templates and limited post‑incorporation help. Traditional firms provide bespoke advisory and wider compliance support but can charge higher fees for add‑ons.

What should I ask a firm before engaging them?

Ask what is included in the fee: company secretary, registered address, annual filings, nominee director terms, and bank account assistance. Clarify extra charges for amendments, share transfers, employment pass support, and audit or tax services. Also confirm billing cycles and termination or refund policies.

How do costs differ for local founders versus foreign founders?

Local founders typically avoid nominee director fees and related deposits, so first‑year totals are lower. Foreign founders must factor in nominee director charges, possible immigration or employment pass application fees and extra compliance assistance—raising realistic first‑year budgets.

Will a provider help with bank account opening and what is usually included?

Some providers offer bank opening assistance, which may include preparing document packs and arranging introductions. Full bank facilitation or guaranteed account opening is rare and may incur additional fees. Confirm whether the service includes in‑person appointments or only documentation support.

What ongoing annual compliance costs should I expect?

Plan for annual return filing fees to ACRA, company secretary support for filings and register maintenance, accounting and tax preparation fees, payroll services if applicable, and potential GST filing costs. Total depends on company size: simple dormant firms cost far less than active trading entities.

How can I compare packages without being misled by low headline prices?

Request an itemised quote showing government fees, professional fees, registered address charges, secretary fees and any deposits. Check contract terms for nominee director arrangements and extra filing fees. Compare total first‑year and recurring annual costs rather than just the incorporation headline price.

What are common add‑ons that increase the final bill?

Typical add‑ons include nominee director monthly fees, extra filings or amendments, director or shareholder changes, filing for employment passes, expedited services, premium virtual office options and additional compliance advisory. Ask for fixed prices for expected extras where possible.