Package LC-1: Company incorporation for Singapore citizens, permanent residents or Employment / dependent pass holders *
About this package
Suitable for people who are Singapore Citizen or Singapore Permanent resident or on Employment or dependent pass. Transcend provides company registration services and corporate secretary in this case.
Please note as per Ministry of Manpower guidelines, an employment pass holder can become director of the company only if he holds employment pass issued by that company.
A dependant pass holder can be a director of the company only if he holds Letter of Consent (LOC) sponsored by that company.
We require following documents from you
Shareholders and Directors of the proposed Singapore company are required to visit our office. They should carry their NRIC (or passport in case a foreigner is involved).
Package price is explained in two parts. First the cost at the time of initial setup and recurring cost for subsequent years
One time cost at the time of incorporation
|All government fees are included||Yes||Yes|
|Electronic certificate Company profile extract form Registrar of Companies (called ACRA Bizprofile) (In PDF format)||Yes||Yes|
|Memorandum and articles of association of the company (in PDF format)||Yes||Yes|
|Scanned copy of all incorporation documents you signed in our office (in PDF format)||Yes||Yes|
|bank account opening guidance||Yes||Yes|
|Resolution to open company bank account||Yes||Yes|
|First board meeting minutes (Scanned PDF)||Yes||Yes|
|1 year company secretary from our company||Yes||Yes|
|1 Year registered address at 30 Cecil street, 19-06 GB building, Singapore - 049712||Yes|
Total setup cost
Foreigners as a Shareholder or Director
Notarisation if any shareholder or Director is not personally present in Singapore
LOC Processing for dependent pass holder
Registered address for your company in Singapore business district 01 - Gives professional image to your company
Every business or company needs an address. You can obviously use your home address as business address (with approval from URA / HDB). However your prospective customers when they read your address it will be instantly clear that you are operating from home. So a professional address facility is quite helpful in this case.
The address should match the image of your company. Using an address which everybody else uses in Singapore may not be good idea. Most of the addresses in International plaza, Fortune centre, golden mile complex etc are so overused that your prospective clients may tend to look at businesses registered at such addresses with a bit of care.
You can avail address facility from us. Our office is located in prestigious District 01 on Cecil Street. This address can give a professional image to your company. We give this address only to our secretarial clients and unlike others we don’t provide virtual office facilities en mass. This way you are assured that the value and uniqueness of this address remains.
Recurring Charges from Year 2 onwards
Company secretaryCompany secretary + routine secretarial services. includes Maintaining all registers, keep track of timelines, AGM and filing of Annual return.
Address facilityIf you are availing address facility from us
Process flow : Following steps are involved in this company incorporation process
Visit our office and provide Company Incorporation DetailsAll directors and shareholders need to visit and carry their NRIC / Passport.
Name reservation and preparation of documentsWe will reserve the name for you and prepare all forms. Your work is over once you sign the forms. Approximately 1 hour of your time will be required in this step.
Incorporate the companyWe will proceed to incorporate the company. Usually the company is incorporated on the same day. After incorporation we will email all the documents to you.
Open bank accountUsually on the next day you can proceed to open the bank account with the bank of your choice.