Know the Price Details of Proxy Registration for a Singapore Company

Registering a Singapore Company Through an Agent Price Insights You Need to Know

In recent years, with the deepening of global economic integration, more and more Chinese enterprises and individual investors have turned their attention to overseas markets in search of broader development opportunities. As a key financial hub and international trade center in Asia, Singapore has attracted a large influx of foreign capital due to its stable political environment, robust legal system, efficient business climate, and favorable tax policies.

In particular, in 2025, data released by the Singapore Economic Development Board EDB showed that foreign direct investment FDI increased by 17.3% year-on-year in the first quarter, with a significant rise in investments coming from China. This trend has also driven rapid growth in the market for agent services specializing in company registration in Singapore. More and more small and medium-sized entrepreneurs, freelancers, and even startups hope to achieve brand internationalization, expand overseas markets, or optimize their tax structures by setting up a Singapore-based company.

However, as the agent registration market expands rapidly, some issues have emerged, particularly in terms of pricing and service transparency. This article aims to reveal the hidden pricing structures in the agent registration market for Singapore companies and help you make an informed decision when choosing a service provider.

1. Basic Registration Process and Cost Structure

First, it's important to understand the basic steps involved in registering a company in Singapore. The process typically includes the following

1. Company Name Approval Submit the proposed company name to the Accounting and Corporate Regulatory Authority ACRA to ensure it is not already taken.

2. Preparation of Registration Documents Includes the company’s constitution, shareholder and director identification documents, registered address, etc.

3. Submission of Application Submit the required documents through ACRA’s online system.

4. Opening a Bank Account After the company is successfully registered, you can open a corporate bank account either in Singapore or overseas.

5. Ongoing Maintenance Includes annual filing, auditing, and tax reporting.

In terms of costs, the main components include government fees, agent service fees, registered address fees, and company secretary service fees. Government fees are relatively transparent, typically ranging between SGD 100 to SGD 300. However, agent service fees can vary significantly depending on the provider.

2. Price Variations and Low-Cost Traps in the Agent Market

The prices for Singapore company registration services offered by agents vary widely, ranging from just a few hundred RMB to over 10,000 RMB. These differences are mainly due to the scope of service, additional features, and operating costs of the agent.

Some platforms advertise all-inclusive packages starting from 999 RMB to attract clients. However, these low-cost services often cover only the most basic procedures, such as name approval and submission of registration documents. Critical services like providing a registered address, company secretary, bank account assistance, or tax planning are often listed as add-ons and charged separately. As a result, clients may end up paying far more than expected.

For example, a well-known agency launched a limited-time promotional package in June 2025 priced at just 980 RMB. However, the fine print clearly states that the offer does not include a registered address or company secretary service, and bank account assistance is also an extra. If a client requires a full set of services, the final cost could approach or even exceed 5,000 RMB.

Some smaller agencies cut costs by using virtual addresses, outsourcing secretarial services, or even engaging in document falsification and other violations. If discovered by Singaporean authorities, such practices can disrupt normal business operations and even lead to legal consequences.

3. How to Evaluate the Real Value of Agent Services

With so many different service providers in the market, how can clients determine whether the service quality matches the price? Here are several key factors to consider

1. Inclusion of Company Secretary Service According to Singapore’s Companies Act, every company must appoint a local company secretary responsible for compliance matters. Reputable agents usually offer this service at a reasonable cost.

2. Provision of a Registered Address Singapore law requires every company to have a local registered address. Some low-cost packages do not include this, forcing clients to rent office space or use a virtual address separately.

3. Assistance with Bank Account Opening Opening a corporate bank account in Singapore is a strict process. Professional agents typically provide guidance, document preparation, and even accompany clients to the bank, significantly increasing the success rate.

4. Post-Registration Support Services such as annual financial reporting, tax filing, and auditing are essential for long-term business operations.

5. Reputation and Case Studies By reviewing customer feedback, past case studies, and the agent’s years of service, you can gauge the professionalism and reliability of the agency.

4. Policy Changes and Trends in Singapore Company Registration 2025

It’s also worth noting that Singapore has tightened its regulations on foreign investors in 2025, especially in areas of anti-money laundering AML and know-your-customer KYC requirements. This means that the documentation required for registering a company is now more detailed, and the review process is more rigorous.

For example, in March 2025, the Monetary Authority of Singapore MAS announced stricter background checks for all new company registrations, particularly for investors from high-risk regions. This policy change has forced agents to invest more time and resources into helping clients meet compliance standards, which in turn affects the pricing structure of agent services.

Additionally, in June 2025, the Inland Revenue Authority of Singapore IRAS issued new regulations requiring all newly registered companies to submit complete financial statements in their first year-even if the company has not yet started operations. This means that when selecting an agent, clients should pay close attention to whether the agency has the capability to handle financial and tax-related tasks.

5. Make Informed Choices and Avoid Blindly Pursuing Low Prices

In conclusion, the price of agent services for Singapore company registration is not simply a matter of the lower the better. When choosing a service provider, clients should comprehensively evaluate the scope of services, the agent’s qualifications, customer reviews, and post-registration support.

Rather than being lured by low prices that may hide additional fees, it is wiser to choose a professional, transparent, and full-service agent to ensure a smooth and compliant registration process-laying a solid foundation for future overseas operations.

For investors considering setting up a company in Singapore, it is advisable to do thorough research in advance and compare the services and pricing of different agencies. When necessary, request detailed service lists and reference cases. Only by truly understanding the hidden aspects behind the pricing can you make a more informed decision and avoid pitfalls during the registration process.

As one of the world's most competitive business hubs, Singapore offers vast market potential, but it also demands higher levels of compliance and professionalism. Choosing a reliable agent not only saves time and cost but also safeguards the long-term development of your business.