A Comprehensive Breakdown of Company Registration Costs in Singapore A One-Stop Guide to Calculating Your Expenses

How Much Does It Cost to Register a Company in Singapore? A Comprehensive Guide

In recent years, as the global economic landscape continues to evolve, more entrepreneurs and investors have turned their attention to Southeast Asian markets. As one of the world’s most competitive economies, Singapore has become a top destination for companies looking to establish overseas operations. With its stable environment, efficient business ecosystem, and strategic geographical location, Singapore offers a highly attractive setup for international businesses.

According to the World Bank’s 2025 Doing Business report, Singapore remains among the top 190 economies globally, ranking high on the Starting a Business indicator. This reflects the efficiency and transparency of its company registration process, which further boosts international capital interest in the market.

If you're considering setting up a company in Singapore, it's essential to understand the costs involved. This guide provides a detailed breakdown of all associated expenses to help you make informed decisions at the start of your entrepreneurial journey.

1. Common Types of Companies in Singapore

Before discussing costs, it’s important to note that different types of companies come with varying registration procedures, compliance requirements, and expenses. The most common structures include

Private Limited Company Pte Ltd

The most popular form of business entity, offering limited liability protection and separate legal status. Ideal for most small to medium-sized enterprises.

One Person Company OPC

Allows a single shareholder to set up a company with limited liability. Suitable for solo entrepreneurs.

Branch Office or Representative Office

Designed for foreign companies entering the Singapore market but without independent legal status.

Among these, the Private Limited Company is the preferred choice due to its flexibility and strong legal protections.

2. Basic Registration Costs for a Private Limited Company in SGD

Below is a list of the main expenses associated with registering a Pte Ltd in Singapore

Expense Item Cost Range SGD Description

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Trademark Name Search Fee 15-30 Application submitted to the Accounting and Corporate Regulatory Authority ACRA

Registration Fees 300-315 Charged by ACRA for company incorporation

Registered Address Rental From 100-300/month Must have a local registered address; virtual office services are an option

Company Secretary Service 500-2,000/year Mandatory under Singapore law

Annual Audit Compliance 800-3,000/year Includes annual financial statements, AGM, etc.

Tax Filing Agent Service 600-2,500/year Recommended to hire a professional accountant

In total, initial setup costs range from SGD 1,000 to 2,000, while annual maintenance typically falls between SGD 2,000 and 6,000, depending on service providers and company size.

3. Additional Potential Expenses

Beyond the basic registration fees, there may be other costs to consider

Business License Application Certain industries like food services or retail require specific licenses, costing around SGD 100-300.

Bank Account Opening Fees Some banks charge account setup or management fees.

Work Visa Employment Pass Fees If the founder is not a Singapore citizen, applying for an Employment Pass costs SGD 70-300, plus agent fees of about SGD 1,000-3,000.

Office Space Rental Varies by location and size. Startups can opt for co-working spaces to reduce overhead.

4. How to Reduce Setup and Operating Costs

While Singapore offers a robust business environment, cost optimization is always a priority for startups. Here are some practical tips

1. Choose the Right Registration Agency

Compare multiple service providers based on pricing, reviews, and transparency to avoid hidden charges.

2. Opt for Co-working Spaces

Shared office platforms like WeWork or JustCo offer affordable and flexible solutions for registered addresses and workspace.

3. Outsource Secretarial Accounting Services

Instead of hiring full-time staff, outsource these mandatory roles to cut down labor costs.

4. Leverage Government Support Programs

Organizations like Enterprise Singapore and the Economic Development Board EDB provide various grants and tax incentives for startups. Qualified new companies can enjoy partial tax exemptions for the first three years.

5. Conclusion

The total cost of setting up a company in Singapore is relatively reasonable, especially when weighed against the numerous benefits such as political stability, favorable tax policies, and access to global markets. Whether you're a Chinese entrepreneur seeking international expansion or an overseas investor eyeing Asia, Singapore serves as an ideal springboard.

If you’re planning to incorporate a business in Singapore, start today by mapping out your strategy, choosing reliable service partners, and leveraging the country’s supportive regulatory framework to launch your global venture successfully.