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.

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.

| 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).

| 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.

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?
How do professional service fees differ from government charges?
Why might a low “incorporation” price not reflect the first‑year total?
What does a typical inclusion list look like in a standard package?
How much should I budget for company secretary services?
What are the registered address requirements?
If I am a foreign owner, why might I need a nominee director?
Are accounting and tax compliance included in incorporation packages?
When is an auditor required and what are audit costs like?
How does DIY via BizFile+ compare with digital providers and traditional firms?
What should I ask a firm before engaging them?
How do costs differ for local founders versus foreign founders?
Will a provider help with bank account opening and what is usually included?
What ongoing annual compliance costs should I expect?
How can I compare packages without being misled by low headline prices?
What are common add‑ons that increase the final bill?

Dean Cheong is a Singapore-based B2B growth strategist and the CEO of VOffice. He helps companies scale revenue through sharper sales execution, CRM implementation, and go-to-market strategy, backed by a strong foundation in business banking and finance from Nanyang Technological University and a track record of driving sustainable, performance-led growth.