Everything you need to open and operate your business in Singapore

Incorporation

Incorporating a company anywhere can be complex. No matter whether you’re starting a brand new venture, or relocating your existing operation to Singapore, we’ll remove all the complexity and ensure everything is done right, the first time.

Registration is easier with Starboard

It’s faster

A streamlined process to make it simple and fast to get your business registered.

It’s 100% online

We incorporate your business for you online so there’s no need to schedule meetups or visit anywhere in-person.

Custom service

Starboard experts have over 15 years of experience setting up companies and advising on international expansion.

How much does it cost?

Entity Incorporation

From

$500

Checking and reserving proposed company name in Singapore

Registering company with ACRA

Exclusive of all government fees (Name application – S$15 and Registration fee – S$300)

Model Constitution will be used

Digital Mailroom

From

$50

per month

Filtering of junk mails

View your physical mail scanned digitally on our client portal

Bank Account Opening

$500

Complete assistance in the set up of your entity's bank account

Enjoy expedited process via one of our banking partners

Bank guidance & support on traditional bank applications (DBS)

Company Secretary & Resident Directors

In order to maintain compliance with Singapore business regulations, every company must have at least one local resident Company Secretary and one local resident Director. Starboard will provide experienced and qualified individuals to act as your officers to ensure your company is compliant and in safe hands.

Your custom Corporate Secretary

Dedicated company secretary

You’ll benefit from having an experienced company secretary, one with years of experience, dedicated to your business.

Company compliance deadline tracker

We’ll help monitor your business and keep you informed of filing deadlines, then help prepare and make the filings.

Secure corporate document management

All your documents and resolutions, your signatures and record of assets, all in one secure, online platform.

How much does it cost?

Company
Secretary

From

$500

per year

Individual company secretary

Holding of the Annual General Meeting (if required)

Registering company with ACRA

Preparation and filing of annual return

Safekeeping and updating of company registers

Includes work on any of the following matters:

  • Appointment / resignation of officers (MD, CEO, Director, Company Secretary)
  • Changes in officers’ particulars
  • Change of registered address
  • Bank account opening resolution

Resident
Director

From

$3,500

per year

Qualified and experienced individual Resident Director that meets ACRA’s requirements

Includes review and approval of financial statements and annual return

Temporary Resident Director services available upon request (3-month and 6-month)

Includes 5 hours of consultation per year

Registered
Address

$300

per year

Central Business District registered business address for 1 year

Accounting Solutions

Helping you maintain proper bookkeeping and accounting records is just the beginning with Starboard. We offer a range of accounting packages, created specifically for the needs of companies at every stage of growth.

Free from financial concern

ACRA compliance

We ensure 100% compliance with regulatory authorities, removing the stress from local requirements.

Certified professionals

Certified chartered professional accountants guided by the best practices.

Just-in-time financial solutions

Quick resolutions of accounting and bookkeeping issues for your Singapore business and real-time access to financial reporting services.

How much does it cost?

Monthly Accounting

From

$300

per month

Monthly bookkeeping and bank reconciliations

Set-up/Takeover of your digital accounting software

Monthly GST Accounting

From

$450

per month

Monthly bookkeeping and bank reconciliations

Set-up/Takeover of your digital accounting software

Quarterly closing on your GST-Registered entity's books & accounts

Annual Accounting
Backlog

From

$1,000

per year

Annual/Ad-hoc bookkeeping and reconciliations

Set-up/Takeover of your digital accounting software

Clean up of your entity's accounting backlog

Unaudited Financial Statements &
Director's Report

From

$500

Preparation of unaudited financial statements

Consolidation of Accounts @ SGD 2,500 onwards

XBRL Reporting

From

$600

per year

XBRL is a framework for exchanging business information, which ACRA requires companies to use when uploading onto their platform information from their financial statements

Simplified XBRL @ SGD 350

Audit Liaison

From

$1,000

Liaison with the independent auditor in relation to the audit of the financial statements

Singapore companies need to be audited if they meet 2 out of 3 of the following criteria, on a group consolidated basis (assess the criteria at the level of the Group):

  • Below SGD 10,000,000 in yearly turnover
  • Below SGD 10,000,000 in assets
  • Below 50 employees

Up to 10 hours of liasing included

Taxation Services

The advice and recommendations you need to keep your business fully tax compliant. Starboard will help identify potential tax risks and planning opportunities, while helping you make the best decisions for your business.

Free from financial concern

More than a tax consultant

As a partner in your business, our tax advice is tailored to the goals and objectives of your organization.

Room to scale

No matter how big, or how small your business, we’ve got tax solutions to keep you covered.

Peace of mind

Never again will you have to stress during reporting seasons, our team of tax planning professionals and compliance specialists are here to help.

How much does it cost?

Estimated Chargeable Income (ECI) Filing

From

$150

per year

Preparation and submission of Estimated Chargeable Income (ECI) via E-Filing to IRAS

Tax Computation &
Form C-S/C

From

$500/800

per year

Preparation of Corporate Income Tax (CIT) Return

Filing of CIT with IRAS

Preparation and submission of Estimated Chargeable Income (ECI) via E-Filing to IRAS

Tax Planning
Consultation

From

$500

per session

3 Hour Session (inclusive of tax analysis)

Additional Tax Planning charged at $150/hour

HR Administration & Employee Visa

If you or any member of your team would like to live and work in Singapore, we support the entire visa process and work with you to determine which employment pass is suitable to your situation(s).

Trusted HR management

An enhanced employee experience

Our expert HR administrators will ensure quality employee experiences throughout your organisation.

Expat advisory and global mobility

Guidance on tax and social security liabilities for your foreign employees, representation before the local statutory bodies and offices, administrative support by obtaining of work and residence permits.

Up to date information

Our local experts monitor legislation related to employment, labour-law and taxation on a regular basis to guarantee compliance with most up-to-date statutory and legal requirements.

How much does it cost?

HR & Payroll Administration

From

$100

per month

Excluding one-time set up fee of $100 & monthly payroll software subscription

Monthly detailed payslips

Monthly CPF e-Filing

Leave & expense management

Yearly IR8A and IR8S forms for personal tax reporting

Up to 5 employees – Additional employee @ SGD 40/employee

HR & Payroll Payment Processing

From

$150

per month

Excluding one-time set up fee of $100 & monthly payroll software subscription

Monthly salary processing & Monthly detailed payslips

Statutory contributions with CPF & monthly CPF e-Filing

Leave & expense management

Yearly IR8A and IR8S forms for personal tax reporting

Up to 5 employees – Additional employee @ SGD 25/employee

Employment Pass

$2,500

New application

Registration to Work Pass Online Account

Two free appeal

Renewal SGD 500

Expert Business Advisory

A wide range of services to support both startups and established companies. Including business transformation, mergers and acquisition, business internationalisation, crisis management, and financial, among others.

Business advisory

Advice tailored to you

Our business advisory practice is focused on custom solutions, developed for your specific needs and based on the structure of your business.

Personal assistance

Dedicated guidance, advice and when required, hands-on assistance for the tasks your business requires.

Extended partner network

Doing business with Starboard means opening access to the range of partners and connections that come from having a dedicated, local partner.

How much does it cost?

Escrow

From

$500

How do I reduce the risk of default in a sale and purchase transaction?

We can act as independent third party escrow agents in private transactions between buyers and sellers.

Through the usage of cash escrow accounts buyers can provide funding and sellers can get a guarantee of third party-controlled release of the funds when conditions under the agreements are met.

Grant Applications

From

$1,000

What grants can my company benefit from to grow and scale?

We can help identify suitable grants and accompany your company through the application process.

Licenses

From

$500

What licenses or permits do I need to obtain to run my business in accordance with local regulations?

Which authority or department should I make my filings under?

We have extensive experience in assisting our clients with their business licensing needs from various government bodies.

Employee Share Option Plan

A company is only as good as its employees. For that reason, we at Starboard believe that a well-designed Employee Share Option Plan (ESOP) is key to a successful company.

Enabled by our panel of expert advisors and our wealth of experience, we seek to provide customised ESOP solutions to suit your business needs.

Fund Raising

How do I begin raising money for my startup? How do I value my company? How do I reach out to investors? What does seed funding, Series A, Series B, etc. mean?

We get it. Raising funds can be both an exciting and a challenging milestone for any company and it’s important to get it right. From a compelling pitch to a strong budget and business plan, we’ll work with you every single step of the way.

Through our network of successful entrepreneurs and investors, we’ll ensure we map the right startups to the right investors.

We’re ready to help you build a bigger, better business