Singapore Company Annual Review Fee Update - Are You Prepared?

Singapore Company Annual Filing New Pricing for 2025 - Are You Ready?

In recent years, Singapore has continued to attract businesses from around the world, solidifying its position as one of the most competitive global business hubs. Its stable environment, efficient legal system, and business-friendly climate have made it a top choice for startups and multinational corporations alike. However, for companies already registered in Singapore, annual compliance remains a critical legal obligation.

With the official 2025 annual filing fee schedule now released, many business owners are reassessing their compliance processes to ensure timely submission and avoid penalties or legal risks. According to the latest announcement from the Accounting and Corporate Regulatory Authority ACRA, filing fees for company annual returns will see a slight increase starting in 2025. This change affects not only local businesses but also the large number of foreign-owned companies registered in Singapore. While the adjustment is relatively modest, small businesses and startups must factor this fixed cost into their budget planning.

Annual Filing Requirements Remain the Same, Fee Structure Slightly Adjusted

Under ACRA regulations, all Singapore-registered companies are required to submit an Annual Return each year, accompanied by audited or reviewed financial statements and a directors’ report. Companies must also hold an Annual General Meeting AGM within their financial year and file the annual return with ACRA within one month after the AGM.

The purpose of annual filing is to ensure transparency and compliance, maintaining market integrity and investor confidence. In terms of fees, the new 2025 standards show a slight increase. For example, the filing fee for a Private Limited Company has risen from SGD 30 to SGD 35, while that for a Public Company Limited by Shares has increased from SGD 60 to SGD 70. Although the increase is around 15%, when combined with other expenses such as audit and secretary fees, the overall cost of compliance can place a noticeable financial burden on businesses.

Rising Compliance Costs Beyond ACRA Fees

In addition to the ACRA fee adjustments, companies face other compliance-related costs. Under the Companies Act, all companies must appoint a certified public accountant to audit their financial statements unless they qualify for an exemption. Most companies also rely on professional company secretaries to manage annual filing requirements, which adds to the cost.

Recent media reports indicate that the total compliance costs for many small and medium-sized enterprises SMEs have risen by approximately 20-30% over the past three years. This includes audit fees, secretary services, and potential late-filing penalties. Even though the ACRA filing fee increase has been modest, the overall cost of compliance is steadily rising.

Filing Deadlines and Common Misconceptions

The deadline for annual filing in Singapore is generally seven months after the end of a company’s financial year. For example, if a company’s financial year ends on December 31, 2025, the annual filing must be completed by July 31, 2026. Failure to meet this deadline may result in penalties, and in severe cases, legal action against the company’s directors.

Despite the standardized process, many business owners still hold misconceptions about annual filing. Some believe that dormant companies are exempt from filing, but ACRA clearly states that all active companies must submit annual returns on time unless officially deregistered. Others mistakenly think that only basic information is required, overlooking the importance of financial statements and audit reports, which can lead to rejected filings or penalties.

How to Adapt to the New Filing Landscape

To manage the increased filing fees and compliance costs effectively, business owners should plan ahead and allocate resources wisely. Here are a few practical suggestions

1. Prepare Financial Statements Early

Begin organizing annual financial data well in advance to allow sufficient time for audits before the filing deadline.

2. Choose Reliable Service Providers

Engage experienced and transparent accounting and corporate secretarial firms to reduce compliance risks and ensure accurate filings.

3. Utilize the e-Filing System

ACRA’s BizFile+ platform enables online submission of annual returns, saving time and minimizing errors.

4. Stay Updated on Regulatory Changes

Regularly check ACRA’s official website or consult with professional advisors to stay informed about any updates to filing requirements.

Conclusion

Annual filing is not only a legal requirement but also a key element in maintaining a company’s credibility and operational continuity in Singapore. As the 2025 filing fee changes take effect, businesses-whether startups or established enterprises-must adopt a proactive and professional approach to this annual compliance task. With early planning and careful preparation, companies can navigate regulatory requirements more smoothly and sustain long-term growth in Singapore’s competitive business environment.