How Much Does It Cost to Incorporate a Company in Singapore? (2025 Price Guide)

Starting your business journey in Singapore is an exciting prospect. But the first question is always the same: “How much is this actually going to cost?”

You’re trying to create a solid budget, but you’re seeing a dizzying array of prices online. Some promise rock-bottom fees, others offer premium “all-in-one” packages. It’s confusing, and it’s hard to know who to trust.

This guide cuts through the noise. We are going to provide a radically transparent breakdown of every single cost involved. We won’t just show you prices; we’ll directly compare our packages against our competitors, Sleek and Osome, so you can make an informed decision.

Key Takeaways: Singapore Incorporation Costs

• All-in Cost: Expect to pay S1,500−SS3,200 for a full-service incorporation package.
• Government Fees: The mandatory, non-negotiable ACRA fee is S$315, which is included in all quality packages.
• Local vs. Foreigner: The main cost difference is the Nominee Director service (approx. S$2,000/year), which is mandatory for foreigners.
• Value is in the Tech: Providers like Counto bundle essential software (payroll, billpay) that saves you more money in the long run than a slightly cheaper, bare-bones package.

Part 1: The Foundation Cost (The Official ACRA Fees)

Every company registered in Singapore must pay mandatory, non-negotiable fees directly to the government’s Accounting and Corporate Regulatory Authority (ACRA). Let’s be perfectly clear about what these are, as you will see different numbers on competitor sites.

• Company Name Reservation: S$15
• Company Registration Fee: S$300

Total Mandatory Government Fees: S$315

This is the absolute baseline. Our all-in-one packages include and handle this entire S$315 fee on your behalf. There are no separate government payments to worry about—it’s all part of our transparent, upfront process.

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Path 1: For Singapore Residents (Citizens & PRs)

As a local founder, you need a modern engine to run your business efficiently. It’s crucial to compare not just the headline price but the total value you receive—including the software, support, and transparency that will save you time and money.

How Online Incorporation Services Compare for Locals:

Choosing the right partner is about setting your business up for long-term success. That’s why we designed the Incorp++ package as a complete business engine, not just a registration service.

It includes essential tools like bill pay and payroll software to streamline your operations from day one. You also get a dedicated manager on phone or WhatsApp, providing expert, accessible guidance when you need it. This combination of modern tech and real human support is how we deliver value that helps you run your business with confidence.

Ready to start? Learn more about Counto’s Incorp++ package

Path 2: For Foreign Founders & Entrepreneurs

Managing your Singapore company from overseas requires more than just a business registration service—it demands a partner you can trust completely. When you can’t walk down the street to your incorporation agent’s office, having a highly responsive team and total visibility into your ongoing compliance becomes essential for your peace of mind.

That’s why our foreigner package is built around two core principles: unparalleled support and a transparent system to keep you informed.

How Online Incorporation Services Compare for Foreigners:

For a foreign founder, value is measured in trust and peace of mind. That’s precisely what our package is designed to provide.

The Compliance Status Tracker delivers the total visibility you need when you’re managing things from afar. Your dedicated customer success manager acts as your trusted, responsive partner on the ground in Singapore. These aren’t just extra features; they are the essential tools that make remote management feel seamless and secure.

When you combine this with practical tools like free payroll software and flexible bank account setup assistance, it becomes more than just an incorporation package. It’s a complete system for running your company confidently from anywhere in the world.

Ready to start? Learn more about Counto’s Foreigner package

Your Company is Incorporated. What’s Next?

Registration is just the beginning. As your compliance partner, Counto helps you navigate the crucial next steps:

1. Activate Your Business Banking: A bank account is your top priority. We provide hands-on assistance to connect you with the right banking partners, helping you set up one local bank account with a traditional bank, plus as many digital bank accounts as you need to manage your global finances.

2. Setting up CorpPass: We’ll ensure your company’s official government digital identity (CorpPass) is set up correctly. Incorp++ clients get guided support; our Foreigner Package includes full setup—so you’re all set.

3. Stay Compliant from Day One: We immediately set you up on the Counto platform, where you can track all your important filing deadlines for Annual Returns and taxes. It’s automated compliance and total peace of mind, right from the start.

Why Counto is the #1 Choice for Incorporation

Choosing an incorporation partner isn’t a one-time transaction; it’s the foundation for your business. It’s a decision about the technology you’ll use and the team you’ll trust. Here’s why discerning founders choose Counto.

1. Technology that Gives You Control: Our all-in-one platform is designed to give you complete visibility and control over your compliance and finances. It’s not just about registration; it’s about providing the tools to run your business efficiently from day one.

2. Radical Transparency: No hidden fees. No renewal traps. The value is clear from the start, so you can budget with absolute confidence.

3. A Dedicated Team, Not Just a Chatbot: This is where we are fundamentally different. We believe in real relationships, not ticket numbers. Every client is supported by a dedicated team, led by your personal Customer Success Manager. You get direct, high-level support across the channels you actually use—phone, WhatsApp, and the Counto mobile app. When you need help, you’ll have an expert who knows your business, ready to assist.

Frequently Asked Questions (FAQ)

Q: What documents do I need to prepare for incorporation?
A: For all directors and shareholders, you will need a copy of your passport (or NRIC for residents) and proof of residential address (such as a recent utility bill). You can upload these easily through Counto Vault, our secure document storage system.

Q: Can I register a company myself without an agent?
A: Only if you are a Singapore resident (Citizen or PR). Foreigners are legally required to use a registered filing agent like Counto.

Q: How long does the entire incorporation process take?
A: It’s incredibly fast. Once your documents are prepared, ACRA’s online approval can take as little as 15 minutes. The entire process from start to finish typically takes just 1-3 business days.

Q: Do I need a physical office in Singapore?
A: No, but you are legally required to have a Registered Office Address for all official government mail. All our packages can include this service, which keeps your personal address private.

Q: What is the minimum paid-up capital required?
A: The legal minimum paid-up capital for a Singapore company is S$1. Some business owners choose to start with a slightly higher amount (for example, S$1,000) as this can add credibility when opening a corporate bank account. While not required, it may help signal commitment to the business.

Q: How difficult is it to open a corporate bank account in Singapore?
A: For foreigners, it can be challenging. A good partner makes a huge difference. Counto provides active assistance and direct introductions to our banking partners to make the process as smooth as possible.

Q: What is the difference between a Director, a Shareholder, and a Nominee Director?
A: This distinction is very important, especially for our foreign clients.

• Shareholder: This is the owner of the company. A shareholder owns shares and has equity in the business. As the founder, this is you.
• Director: This is the person who manages the company. The Director is responsible for day-to-day operations and making all business decisions. As the founder, this is also you.
• Nominee Director: This is a service provided to foreign founders to meet Singapore’s legal requirement of having one local resident on the board. A Nominee Director has no control or authority over your business. They cannot access your bank account, make decisions, or manage operations. Their role is strictly for statutory compliance to satisfy the law, while you retain 100% control as the Executive Director.

In short, as a foreign founder, you are both the Shareholder (owner) and the Executive Director (manager). The Nominee Director is simply a legal requirement on paper that allows you to operate with full control.

Q: What is the corporate tax rate in Singapore?
A: Singapore has a competitive corporate tax rate of 17%. This applies to the company’s chargeable income (profits).

Q: Does Singapore have a territorial tax system?
A: Yes, Singapore operates on a territorial tax system. This means that only income sourced or derived from Singapore is taxable in Singapore. Foreign-sourced income that is remitted into Singapore is generally exempt from tax, provided certain conditions are met.

Q: Can a foreigner own 100% of a Singapore company?
A: Yes. Singapore allows for 100% foreign ownership of a private limited company. This means a foreign individual, another foreign company, or a combination of both can be the sole shareholder(s) without any requirement for local partners.

Q: Can an Employment Pass (EP) applicant be a director or shareholder?
A: Yes, an Employment Pass (EP) applicant can be listed as a director and/or shareholder at the time of company incorporation. However, it’s important to understand that they cannot legally work for or manage the company until their EP has been officially approved by the Ministry of Manpower (MOM).

Q: What is the best business structure for a foreigner in Singapore?
A: The most common and highly recommended business structure is the Private Limited Company (Pte Ltd). This is because a Pte Ltd is a separate legal entity, which provides:

• Limited Liability: Protects your personal assets from business debts.
• Credibility & Investor Appeal: Enhances trust with clients and banks, and is essential for raising capital.
• Perpetual Succession: The business continues to exist regardless of changes in ownership.

Launch Your Singapore Company with Confidence

Choosing an incorporation partner is a big decision and we hope this guide has given you the clarity and confidence to take the next step.

When you’re ready, you can get started immediately with our simple online setup. For more detailed questions, we invite you to get a free consultation with one of our incorporation experts. Or, if you just have a quick question, feel free to start a chat with our team. We’re here to help you succeed.