Registered Address services / Virtual Office Address Services
Our Registered Address services / Virtual Office Address Services cater for the convenient of registration of business or company, can be also used as a confidential address for personal mails as well as mailing address on corporate stationery like namecards, letterheads. Our Registered Address services / Virtual Office Address Services will not only save cost on office rental, staff but also provide your business a professional team that are dedicated to your business.
We provide a prestigious address for registered office which is located in the heart of Singapore Business District (CBD) area.
Virtual Office Address / Registered Address Services includes:
• No Setup Fees for Settiing up Virtual Office Address / Registered Address Services Account
• Instant Approval for Virtual Office Address / Registered Address Services Signup
• Secure Online Payment for Visa, Master, Paypal, AMEX (Through Paypal)
• Self-Collection of Mails and Parcels between Mon – Fri: (9am to 7pm)
• Address as Accounting and Corporate Regulatory Authority (ACRA) Registered Address
• Address as Mailing Address
• Receiving of Normal Mails, Air Mails, Parcels or Registered Mails
• Mail Forwarding Services Available Upon Request
• S$4.80*/Month (24 Months Signup + 3 Months Free) [S$115 for 27 Months Service]
• *Limited period only!
For more information on our Virtual Office Address / Registered Address Services, please contact us or call us at 6221 2789
Business Registration in Singapore
We can assist you to register a Business registration with the Accounting and Corporate Regulatory Authority (ACRA) as according to the Business Registration Act (Cap. 32).
A business firm is a much simple form of setting up a business, as it required low setup cost, has low maintenance fee, It can be either a sole proprietorship or a partnership. Registration is normally done within 30 minutes.
And if you have already registered a Business for sole proprietorship / partnership with ACRA and now wish to convert it to a Private Limited company. We can also assist you to do a conversion.
Sole Proprietor (self-employed)
|–||A Business firm owned by one company or an individual who is Singapore Citizen or Permanent|
|Resident running a business on his/her own behalf|
|–||All the profits generated by the business will belong to the sole-proprietor|
|–||Pay Personal income tax on the profits generated by the business|
|–||Required to contribute to CPF Medisave (Individual rate between 6-8%)|
|–||The sole proprietor has absolute say in the running of the business firm|
– Consists of more than one person
– May have between two and twenty partners
– All partners have equal rights in the management of the partnership
– Unlimited liability
– Foreigner only can register if there is a Singapore local resident manager
– Pay Personal income tax on the profits generated by the business
– Required to contribute to CPF Medisave (Individual rate between 6-8%)
Limited Liability Partnership
– Has the flexibility of a partnership, with the benefit of limited liability
– Minimum of 2 members
– Each member’s personal income is derived from profits and are taxed at personal income tax rates
– Compulsory to appoint a local manager
Striking Off / Closing Down Of Company
A company may apply to Accounting and Corporate Regulatory Authority (ACRA) to strike its name off the Register pursuant to Section 344 of the Companies Act.
ACRA may approve the application if it has reasonable cause to believe that the company is not carrying on business and the company is able to satisfy the criteria for striking off e.g.:- the company must not have any assets and liabilities, no outstanding penalties with any government authorities and etc.
We are professional trained and have many years of experience in handling the striking off of companies, all our clients are assure of a smooth closing down of their company.
Our Service includes:
|–||We can assist in striking off or closing down an inactive company with the Accounting and|
|Corporate Regulatory Authority (ACRA)|
|–||Assist your company on the tax clearance with the Tax Department, Inland Revenue Authority of|
|1.||Flexible accounting service for Yearly / Quarterly / Monthly period, with a fee from $50 onwards.|
|There are absolutely No Hidden Costs!|
|2.||Provide accounting services to Company that required Outsourcing of accounting services, to cut cost in|
|employing full-time account staff|
|3.||Provide Accounting Report:|
|Income StatementBalance Sheet
Debtors Ageing Report
Creditors Ageing Report
Bank and other Reconciliation
We prepare the accounts according to the Singapore Accounting
Standards and Companies Act
Provide consultancy and advice on your business performance, whereby you
can get an independent opinion on the performance of your business operation
We can advise you on how to keep your documents so that your documents
will be neat and tidy.
Provide timely reminder on the relevant deadlines and financial report matters
|4.||Preparation of Unaudited Financial Report|
|5.||Review and computation of tax and deferred tax provisions for inclusion of the financial statements|
|6.||Goods and Services Tax (GST) Preparation and Registration|
|Goods and Services Tax (GST) is a broad-based consumption tax levied on import of goods, as well as nearly all supplies of goods and services.
Required by ACRA, a Singapore registered company with an annual turnover of S$1million is liable to register for GST.
Our service includes consultation and submission of your corporate profile for GST application.
|7.||Tax Planning – Corporate & Personal Income Tax computation (IRAS)|
|8.||Filling up and submission of Form C / Form B / Form P (IRAS)|
Companies in Singapore are business entities that are registered under the Companies Act, Chapter 50. Under this act, your company has its own properties, can be sued and is entitled to perpetual succession. Business rules in Singapore can be somewhat confusing, but if you hire the services of an accounting service, you will be assured of staying in compliance with the laws and regulations.
Business owners, especially small business owners and entrepreneurs, have quite a few jobs to perform. Retaining the skills of accounting services Singapore can help ease the load and give you more time to focus on core business techniques. Hiring an accounting firm is less expensive than hiring many employees to do different jobs.
Some of the services provided by an accounting firm include:
Accounting services we offer, well, accounting. High-level accounting is available in accounting service firms. The services of an accountant include creating budgets, finalizing financial statements and preparing tax returns for state, local and federal entities. Accounting services offer audit and business valuation services plus they can monitor the depreciation of assets and help you determine cash flow strategies. You can also use accounting service in Singapore to help with fraud issues or set-up computer accounting systems.
Additional services offered by accounting services in Singapore include entrepreneurship and management. Accounting services can reduce risk and waste plus help you increase innovation and learning. Your clients will be presented with an entirely new way of working with your business. This will help increase trust and customer loyalty. Customers will know you now have the professionalism behind you accounting methods.
If you are in need of secretarial and accounting services Singapore, hire a company that follows the law of Singapore. The Singapore Companies Act instructs that all Singapore incorporated companies appoint a secretary for the company. Good secretaries can help you maintain minute books, prepare minutes and take minutes at annual general meetings, help with annual returns and update development in compliance regulations.
If you need a service to help your firm go public and meet the necessary requirements, you need to hire an accounting service. You can hire this type of service on a long-term or short-term basis. Use them when reports and financial issues are very heavy or on a continual basis. They are here to help you succeed.
Our Bookkeeping Services
What You Get:
Complete set of financial report :
Bookkeepers or the “ones who keep the books” are charged with the task of keep full, accurate and current business records. Good bookkeeping systems will effectively manage cash flow and help a company develop future business plans based on financial trends. The government requires that your company keep accurate financial records and file reports on a monthly, quarterly, and yearly basis. You can do this with a professional bookkeeper.
A company needs to keep accurate records of their business finances in order to determine the amount of tax they must pay. Bookkeepers, at times, will prepare those tax returns. Business owners are required by law to present accurate records for a tax agency’s inspection. Failure to do so could lead to penalties, fines, and possibly imprisonment.
Hiring a professional in-company bookkeeper can be expensive. There are computer programs designed to make the task of bookkeeping manageable, but these programs require that you learn the bookkeeping system, and use the software on a daily basis. It is better to hire bookkeeping services in Singapore to ensure that all books are kept correctly and within the laws. Your bookkeeping service will free up your time for important tasks like selling and communicating with customers.
Excellent bookkeeping systems and bookkeepers are those that minimize paperwork, file reports and returns on time and do it in a cheerful and competent manner. You can rest assured, with professional bookkeeping services in Singapore; professional bookkeepers will take the tedious work of bookkeeping on their own shoulder. They will keep records to manage sales, track purchases, and maintain employee records, inventory, and financial ledgers. There are legal pluses for your company when you hire a bookkeeping service in Singapore.
Services provided by bookkeeping systems include preparation of profit and loss statements and balance sheets. General account filing, bank reconciliations, cash flow statements, Singapore Financial Reporting Standards (SFRS) service, and preparation of financial reports are a big parts of a bookkeeper’s duties. Your excellent bookkeeper or bookkeeping services in Singapore will be the right hand to your company accountant. In fact, without a competent bookkeeper, your accountant might struggle to get all the reports and filing finished in a timely manner.
Using bookkeeping systems developed by bookkeeping services in Singapore, you will be able to plan strategies to grow your business. Competent bookkeepers will work for you as if they were employees of the company rather than a contract employee. An account managers or bookkeepers from a bookkeeping services will work for you and on a one-on-one basis. They will quickly learn to understand your account needs and provide timely and professional service. You cannot do your business without a top notch bookkeeping service.
Use the best bookkeeping services in Singapore who have a reputation built on competence and who are expert in proactive client service. You do not need a bookkeeper who sits around waiting for instructions, but one who will dive right into your company’s books and keep them in accurate condition. Testimonials from satisfied customers often say, “We are impressed by their professionalism. We highly recommend them.”
Singapore Company Formation
A company is a business entity registered under the Companies Act, Chapter 50. It has a legal personality i.e. it has rights to own properties, it has perpetual succession and it can sue or be sued in its own name.
The Requirement and Benefit of Setting up a Private Limited Company are as follows:
|*||A Private company has 50 or less shareholders and restricted rights in share transfers|
|*||Enjoy the benefit of limited liabilities|
|*||Enjoy Corporate tax exemption for up to SGD$100,000 profit for its first 3 years of business.|
|Not require to Pay CPF if you are drawing Director fees.|
|*||Time for the Incorporation of a Private Limited Company take about 1 to 2 days,together with the preparation of company|
|Memorandum & Articles and Association(MAA)|
FOR INCORPORATION OF PTE LTD COMPANY, OUR COMPANY PROVIDES THE FOLLOWING SERVICES WITH NO CHARGE:-
|*||1 year FREE company secretary / corporate secretary services (worth $600).Appointed and registered in Accounting and|
|Corporate Regulatory Authority (ACRA)as Company Secretary for 12 months, which is a requirement under the|
|*||Complimentary Free company name check online prior to registration, and advise instantly on alternative name available|
|*||Preparation of company M & AA (Memorandum & Articles and Association) (Require for the opening of Bank account|
|*||Preparation of Resolution for opening of bank account|
|*||Purchase from ACRA, 1 Sets of Business Information Profile (for opening of Bank account and etc.)|
Singapore Company Secretarial Services
We provide you with a range of supporting services in order to ensure that your incorporation process in Singapore is completely hassle free and that your business set-up adheres with the laws of Singapore. We provide you with ideal and cost effective resources and business solutions.
The Singapore Companies Act mandates that every Singapore incorporated company is required to appoint at least one local company secretary for the company. Compliance with the laws and regulations is essential for every Singapore business start-up and able to provide you with a qualified professional to address your compliance needs and obligations to the authorities. Our company secretarial services are designed to allow our clients to administrate their compliance requirements in the most cost effective way.
Our Corporate Secretarial Services include the following:
o Provision of Company Secretary / Secretarial Agent for your company
o Maintaining of Statutory Registers and Minute Books
o Preparation of Minutes and Resolutions for Annual General Meeting
o Submission of standard private exempt company Annual Return (subject to IRAS requirements)
o Advise on corporate secretarial compliance issues
o Update on developments in compliance regulations to keep you updated on your compliance requirements
Opening Of Bank Account
When you engage our company for INCORPORATION / FORMATION OF PTE LTD company, we extend our service to assist you in the opening of your company bank account.
We have tight up with OCBC Bank to provide you with all the services needed to open a Business Entrepreneur Account.
OCBC Business Entrepreneur Account is a business current account specially designed for new businesses. With a hassle-free account opening process and low maintenance costs, this account will give your business the head start to succeed.
|VISIT YOU ON YOUR DOOR STEP|
|–||OCBC Banker will arrange to visit you at your office or anywhere and anytime|
|convenient to you, to assist you in the opening of your Company Bank account.|
|–||Our Advisory team and OCBC Banker will also advise you on all the information|
|that you ponder upon in setting up a Bank account for your Business.|
|EASY, FLEXIBLE & LOW MAINTENANCE|
|–||Minimum documentation required|
|–||Low Initial deposit|
|–||Free up your funds with account service fee waived for 6 mths|
|–||Enjoy unlimited free cheques|
|CONVENIENT & EASILY ACCESSIBLE|
|–||Dedicated OCBC Business Banking Centres|
|–||Access to more than 60 branches islandwide|
Singapore Taxation Services
Tax assessment is a complicated field for most business owners. Our Advisors reach out to you and help you in minimizing your tax liability while ensuring compliance with the tax regulations. We ensure that your tax filings are done in accordance to regulatory requirements and that you taken advantage of all the tax reliefs and deductibles availed to you.
If you are the owner of the business, these are some key issues for your consideration:
Tax assessment is a complicated field for most business owners. Let our advisors reach out to you and help you in minimizing your tax liability while ensuring compliance with the tax regulations.
Our singapore taxation services include:
|GST return submission GST is a self-assessed tax and businesses are required to continually assess the need to be registered for GST. GST registration falls into two categories: compulsory registration and voluntary registration.
Registering for GST is compulsory when
Please note that failing to register will attract penalties. There are anti-avoidance provisions to ensure that entities are not established merely to keep turnovers less than the threshold and thereby avoid registration.
You may apply to voluntarily register for GST if you are not liable to compulsorily register and you satisfy the following conditions:
The advantage of voluntary registration is that you can enjoy the benefits of claiming input tax incurred in the course of your business. This is especially so when you make purely zero-rated supplies (exports or international services). Please note, once you are voluntarily registered, you must remain registered for at least two years and you have to maintain all your records for at least five years, even after your business has ceased and you have deregistered from GST. You may also have to comply with any additional conditions that are imposed by the tax authority.
Every GST registered Company has to submit their GST return timely. Non submission of GST return will be subject to immediate and heavy penalty.