Start a business in Singapore anywhere in the world.
Incorporation Package for
Foreigner
| What's Included |
From $2,597 Digital Plan |
From $3,698 HeySara+ Plan |
Incorporation Services
|
✔ | ✔ |
| Secretary Service 12 months of Routine Secretary Service including
|
✔ | ✔ |
| Registered Office Address | ✔ | ✔ |
| Nominee Director (ND) Services | ✔ Using 3rd Party Individual |
✔ Using In-house Professionals |
Premium Services
|
X | ✔ |
Price Guide
Add On Services
Nominee Director
No deposit needed when purchased together with secretarial, registered office address and accounting services. Read more here.
From
$2,400
Per annum
Bank Account Opening Assistance
We will prepare the necessary paperwork for a smooth process. You can even open a bank account remotely without your presence required in Singapore at additional charge. Price depends on complexity.
Onwards
Company Stamp
Round self-inking stamp self-collected at our office. Delivery available with shipping fee.
Shipping fee excluded
Company Registered Address
Every Singapore company is required by law to have a valid Singapore address as registered address of the company. Read more here.
Per annum
CorpPass Registration
Required for online corporate transactions with the government (SingPass is also required).
Dependant’s Pass
Allowing certain family members of EP holders to stay in Singapore. Read more here.
Our admin fee
What our partners say about us
I am glad that I chose HeySara as my Company Secretary. As a new start-up, I needed a good and affordable Secretarial Plan that covers all the necessary compliance. HeySara is just what I need. Not to mention the great service and support.
The person in charge has been very friendly and helpful from the start, and I am very happy to be on-board. Service is personal and all my filings are done in time. I trust that my secretarial work is in good hands.
HeySara was recommended to me by a friend. After I created the account, the whole registration process was smooth and straightforward. I was very impressed with their efficiency. It was a right choice choosing HeySara as my Company Secretary.
Before signing up, I have done some comparing with a few other alternatives and HeySara offers the best price and benefits. I wasn’t expecting anything more, but they went beyond my expectation; incorporation done on the same day! Spot-on service and support. I’m 100% satisfied.
I strongly recommend HeySara. I’ve been on the move a lot so one can definitely appreciate how registering a company can be done online. Nice website interface, and smooth layout!
What is the Incorporation process like?
Once you have provided a pre-approved name, we will require passport copies and proof of addresses from your directors and shareholders for KYC purposes. We will prepare all the required incorporation documents. For incorporation documents, you can sign them via digital signature (without the need to come down to our office). Thereafter, we will submit them to ACRA (a government entity that registers companies). Once a UEN is issued, your company is operational.
We, may from time to time, require our clients to come to our office to verify the incorporation documents or see them in person via WhatsApp or through chat application so that we can verify the status of these individual due to our internal procedures and protocols, as we are registered filing agents with ACRA.
For the incorporation, you will need to prepare the following information:
- Company name
- Directors’ particulars, with the required Know Your Client (KYC) documents (like passport and proof of address)
- Shareholders’ particulars with the required KYC documents
We will provide the following:
- Corporate Secretary particulars
- Nominee Director particulars (if required)
- Local registered address (if required)
- Company Constitution
How long does the company registration take?
Why do I need a company address?
Why do I need a Nominee Director?
- Either a Singapore citizen, Permanent Resident, Entrepass holder or Employment Pass holder with letter of consent from Ministry of Manpower
- At least 18 years old or above
- Hold full legal capacity in making his or her own decisions
If you don’t have any one to fulfil this role of a local resident director, you can choose to use HeySara’s a local nominee director services. If you are intending to apply or currently applying for an Employment Pass, HeySara is able to provide the flexibility to use our services until you have received your EP.
Who is a Nominee Director?
Can I move to Singapore if I start a business there?
Yes. The most popular options are to apply for an Entrepreneur (EntrePass) or Employment Pass (EP). With this work pass, you can live and work in Singapore, and even bring your family along under Dependant’s Passes (DP). Read more here.
What you should know about Company Incorporation for Foreigners in Singapore
No, you need not to be physically present to run your company in Singapore. However, you should consider the implications of management and control to be a Singapore tax resident company.
By incorporating a Singapore company does not automatically gives you the right to being a Singapore tax resident. Management and control is often sought by the Inland Revenue Authority when they issues a “Tax Residency Certificate” for withholding tax purposes with other reciprocal countries.
You will need to consider the following:
- Minimum initial paid capital of S$1
- One shareholder (maximum 50)
- One local (residential) director
- One qualified local resident company secretary
- Registered address
You will need to consider the following:
- Minimum initial paid capital to satisfy the business expenses
- Corporate shareholder
- One local director
- One qualified local resident company secretary
- Registered address
Yes a foreigner can set up a company and be a director in Singapore. However, you will need to have at least a local to act as your resident director. It is a requirement under the Singapore’s Companies Act, Cap 50 to have a local resident director.
HeySara is able to assist to provide you with our local nominee director.
Alternatively if you apply for an employment pass to work in Singapore, you can act as the local resident director of your Company. Another way will be through the Entrepass, but you will need to produce a business plan and the type of candidates should be either an entrepreneur, innovator or an investor.
More information at MOM’s website.
The following businesses are not eligible for an EntrePass:
- Coffee shops, hawker centres, food courts
- Bars, night clubs, karaoke lounges
- Foot reflexology, massage parlours
- Acupuncture, traditional Chinese medicine, herbal dispensing businesses
- Employment agencies
- Geomancy business
Currently, banks in Singapore offers remote account opening. HeySara can assist with the remote account opening. You will need to provide the required KYC documents and the bank will then have a video conference with you. The account opening process is determine by the banks and their compliance team. It may take up to 3 months in some cases.
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