Singapore Company Registration Costs Explained Comprehensive Analysis and Related Services Overview

How Much Does It Cost to Register a Company in Singapore? A Comprehensive Guide to Registration Fees and Related Services

In recent years, with the acceleration of global economic integration and the growing of the Southeast Asian market, more entrepreneurs and businesses have turned their attention to Singapore-a country known for its strategic location and business-friendly environment. As one of Asia’s most competitive financial hubs, Singapore attracts a large number of international investors due to its efficient services, transparent legal system, and favorable tax policies.

So, how much does it actually cost to register a company in Singapore? This article provides a comprehensive breakdown of the basic fees and related services involved.

1. Overview of Basic Registration Fees

First, let's examine the essential costs of company registration. According to the Accounting and Corporate Regulatory Authority ACRA, the standard fee for registering a Private Limited Company is SGD 315 approximately RMB 1,570. This includes

Company name application SGD 15

Company incorporation fee SGD 300

These are mandatory fees that all companies must pay and cannot be waived or discounted.

If you choose to go through a corporate registration agent, additional service fees typically range from SGD 500 to SGD 2,000. Some full-service providers offer all-inclusive packages that may include company registration, bank account opening assistance, tax registration, and registered address rental-these packages may cost more but offer greater convenience.

2. Requirements for Paid-Up and Authorized Capital

Singapore does not impose a minimum requirement for authorized capital-the minimum can be as low as SGD 1. Additionally, there is no mandatory requirement for paid-up capital, meaning shareholders can inject capital gradually based on operational needs.

This flexible system reduces financial pressure on startups and makes Singapore an attractive destination for small and medium-sized enterprises SMEs. While there is no strict regulation regarding capital, companies are advised to consider future business development when determining the amount of authorized capital, especially when applying for certain licenses or participating in tenders, where higher capital may enhance credibility.

3. Other Essential Costs Address, Secretary, and Annual Compliance

Beyond initial registration fees, several ongoing expenses should be considered

1. Registered Address Fee

Singapore law requires every company to have a local registered address. Many agents provide virtual office addresses, with annual fees ranging from SGD 200 to SGD 500.

2. Company Secretary Service

Under the Companies Act, a qualified company secretary must be appointed within six months of incorporation. The secretary handles compliance matters such as annual filings and organizing general meetings. Annual fees for professional services typically range between SGD 600 and SGD 1,500.

3. Annual Filing and Taxation Fees

Each year, companies must submit audited financial statements and annual returns to ACRA, along with income tax filings. These tasks are usually handled by accounting firms or tax consultants, with annual fees starting at around SGD 800, depending on the complexity of the business.

4. Optional Services and Additional Costs

Depending on business needs, companies may opt for additional services, including

Bank Account Opening Assistance

Some agencies assist in setting up a local bank account, charging between SGD 300 and SGD 800.

Trademark Registration

If trademark protection is required, applicants must pay the Intellectual Property Office of Singapore IPOS a standard fee of approximately SGD 341 per class.

Human Resources Services

Services such as drafting employment contracts and payroll management are often outsourced to HR agencies and billed monthly.

5. Recent Developments Continued Business Environment Optimization

According to the 2025 World Bank Doing Business Report, Singapore continues to rank among the top countries globally in terms of ease of doing business, particularly excelling in areas like starting a business, obtaining credit, and tax compliance. This reinforces its status as a preferred hub for entrepreneurship in the Asia-Pacific region.

Additionally, the Monetary Authority of Singapore MAS has been actively promoting fintech innovation, encouraging SMEs to adopt technologies such as digital banking and blockchain to improve operational efficiency. As a result, newly registered companies in Singapore can expect increasingly streamlined financial services and digital support in the future.

6. Conclusion

In summary, the total cost of incorporating a company in Singapore generally ranges from SGD 1,000 to SGD 3,000, depending on whether you use an agent and whether you opt for bundled services. Although the initial investment may seem significant, considering Singapore’s robust legal framework, stable economy, and extensive trade networks, the benefits far outweigh the costs.

For Chinese companies looking to expand overseas, Singapore serves not only as an ideal springboard but also as a crucial gateway to the ASEAN market. Understanding the registration process and cost structure in advance will help businesses make informed investment decisions.