Singapore Company Registration Full Cost Analysis, Clear at a Glance

Singapore, as a globally renowned business hub, attracts numerous international companies with its efficient business environment, stable legal system, and open economic policies. In recent years, with the continuous growth of Southeast Asian economies, more and more businesses have chosen to register companies in Singapore. However, for many first-time entrepreneurs or those looking to expand their businesses overseas, there are often many questions about the total costs involved in registering a company in Singapore.

This article will provide a detailed breakdown of the various costs associated with registering a company in Singapore, helping you fully understand the expenses involved in the entire process. It will also analyze recent news to offer you a reference for your decision-making.

First, let's clarify a basic concept registering a company in Singapore typically refers to establishing a Private Limited Company, which is the most common type of business entity. According to regulations set by the Accounting and Corporate Regulatory Authority ACRA, certain conditions must be met, such as having at least one director, one shareholder, and a minimum share capital.

I. Basic Registration Fees

According to ACRA's official website, the basic fees for registering a private limited company in Singapore mainly include the following

1. Company Registration Fee According to the latest regulations, a registration fee of 300 SGD approximately RMB 1,500 must be paid when registering a company. This fee is fixed and does not vary with the company's capital.

2. Company Secretary Service Fee According to Singapore law, every limited company must appoint a company secretary, who is usually a local resident or a qualified professional. The annual service fee for a company secretary generally ranges from 1,000 to 3,000 SGD approximately RMB 5,000 to 15,000, depending on the service provider's size and the level of service provided.

3. Registration Agent Service Fee If you register through a registration agent, a service fee is usually charged. These fees vary by agent, typically ranging from 500 to 1,500 SGD approximately RMB 2,500 to 7,500.

4. Company Seal and Document Preparation Fee After registration, you will need to engrave a company seal and prepare documents such as the constitution. This cost is approximately 100 to 300 SGD approximately RMB 500 to 1,500.

II. Ongoing Operating Costs

In addition to the registration fees, there are also ongoing costs after the company is established. Here are some common expenses

1. Bank Account Opening Fee After setting up a company in Singapore, it is usually necessary to open a corporate bank account. Different banks have different charges, but they typically include an account opening fee, annual fee, and transaction fees. For example, DBS Bank's corporate account annual fee is approximately 100-200 SGD approximately RMB 500-1,000. Some banks may offer free accounts, but usually with a minimum deposit requirement.

2. Tax Filing and Audit Fees Singapore's tax system is relatively simple, with a corporate income tax rate of 17%. Companies are required to submit financial statements and tax returns on time. If the company is large or has complex operations, it may need to hire professional accountants or auditors. The cost of these services varies depending on the company's business volume, typically ranging from 1,000 to 5,000 SGD approximately RMB 5,000 to 25,000 per month.

3. Office Address Rental Cost Although Singapore allows the use of virtual offices or postal boxes as registered addresses, companies still need to provide a real office address to comply with legal requirements. If you choose to rent a formal office space, the rent will vary depending on the location and size. For example, in the city center, monthly rent can exceed 5,000 SGD approximately RMB 25,000.

III. Recent News and Trend Analysis

According to a report by The Straits Times in June 2025, Singapore is promoting a digital business initiative, encouraging more small and medium enterprises to complete company registration and tax filing through online platforms. This initiative is expected to reduce administrative costs by about 30% over the next three years, further lowering the barriers for businesses entering the market.

According to the latest data released by Enterprise Singapore, the number of newly registered companies in Singapore increased by 12% in the first half of 2025, with over 60% being foreign-owned. This indicates that despite the complex global economic environment, Singapore remains an important destination for foreign investment.

It is worth noting that Singapore has been strengthening its compliance management for company registrations in recent years. For example, in April 2025, ACRA announced stricter background checks on company shareholders and actual controllers to prevent money laundering and illegal fund flows. This means that companies may need to provide additional documents during the registration process, increasing compliance costs.

IV. Conclusion

Overall, the total cost of registering a company in Singapore is approximately 5,000 to 10,000 SGD about RMB 25,000 to 50,000, depending on the company's size, service needs, and whether a professional agent is used. Although the initial investment is relatively high, Singapore's stable policies, efficient services, and favorable business environment make it a preferred choice for many companies.

For businesses planning to operate in Singapore, proper budget planning and selecting the right registration agent and accounting services are essential steps toward successfully entering the market. At the same time, staying informed about policy changes and industry trends can help companies better face future challenges and opportunities.

In summary, understanding the full cost of registering a company in Singapore is not only about estimating business costs, but also about seizing market opportunities. We hope this article provides you with clear information and helps your business successfully establish itself in Singapore.