Start-up Compliance Package
Compliance package for ACRA & IRAS
Fulfill Your Annual Compliance Obligations
Setting up a company in Singapore can be easy and straightforward with professional assistance and guidance. Due to the ease of doing business here, many entrepreneurs would choose to register a company in Singapore. However, after each financial year end, every private limited companies will be require to submit a Annual Return to ACRA and computes the corporate tax to be file with IRAS.
Nonetheless, we understand that the initial phase of a new venture required the full attention and commitment in order to stay competitive. Therefore, having to worry about the company annual compliance reporting is the last thing in mind. Thankfully, all these can be outsource to a Corporate Service Provider (CSP) like us at an affordable rate.
The Start-up Compliance Package is specially designed to help new Start-up Company in the annual regulatory compliance reporting to ACRA and IRAS.
Start-up Compliance Package
- Appointment of Company Secretary
- Preparation of Annual General Meeting Documents
- Filing of Annual Return to ACRA
- Maintaining of the Company Statutory Registers + Register of Registerable Controllers
- Compilation of Unaudited Financial Statements
- Corporate Tax Computation
- Filing of ECI and Form C-S
What are the eligibility criteria?
The Start-up Compliance Package is suitable for all newly incorporated company with minimal transaction and business activities. As such, the company will enjoy our comprehensive services to comply with the regulatory authorities at an affordable rate. To be eligible for the package, the company must meet all following criteria:
- Companies must be within the first 3 financial year since date of incorporation
- Annual revenue is less than $1 million
- Corporate tax rate at 17% and no R&D claim
- Up to 2 Directors and Shareholders
- Up to 5 itemised assets
- No lease commitment (FRS 116)
- No hire purchase assets
What are documents required?
After the financial year end, the company has to provide the following:
- Finalise Profit and Loss;
- Balance Sheet;
- General Ledger;
- Account Payable & Account Receivable listing;
- Fixed Asset Listing.
The unaudited financial statement and tax computation will be prepared based on the documents and information provided. Hence, do ensure that all financial information provided is accurate and approved by the director. For company that requires bookkeeping services, may engage us to generate the profit & loss, and balance sheet.
What is the annual package fee?
In order to help and reduce the initial compliance cost for newly start-up company, we decided to price it at S$1,288/year (ACRA filing fee and disbursement charges excluded).
Many companies have already signed up for the Start-up Compliance Package and has since enjoy the hassle free services.