Accounting & Bookkeeping

Click on the titles under Services to find find out more!

Singapore Incorporation Services

Services

Fees

Payment

We are having the most comprehensive and lowest price guarantee for incorporation of a private limited Singapore Company , visit our “Singapore Company Incorporation” page for the package detail. (with *FREE secretarial services for 1 year worth $700)

$788

One Time Fee

Registered Address Services

Services

Fees

Payment

A company shall from the date of its incorporation have a registered office within Singapore to which all communications and notices may be addressed and which shall be open and accessible to the public for not less than 3 hours during ordinary business hours on each business day.

If default is made in complying with the requirement, the company and every officer of the company who is in default shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 and also to a default penalty.

$200

Per Annum

Immigration Services

Services

Fees

Payment

If you are a foreign entrepreneur, professional, managing director, etc who possess an acceptable diploma/degree, professional qualifications or specialist skills, you may consider relocating to Singapore with an Employment Pass. Oftentimes, relevant work experience also plays a significant role in determining your eligibility. Singapore Employment Pass is the preferred choice for most foreigners who want to set up a company in Singapore, and work and live in Singapore for a minimum period of 12 months.

$1000

Per Application

As a foreigner, you may be eligible for Singapore Permanent Residence if you are a/an:

  • Spouse of a Singapore Citizen (SC) or Singapore Permanent Resident (PR)
  • Child of a Singapore citizen or permanent resident who is unmarried and age under 21
  • Aged parent of a Singapore citizen
  • Holder of an Employment Pass or S Pass
  • Student studying in Singapore

If you require assistance in applying for a Permanent Resident status, please contact us at: enquires@isolutions.sg  for assistance.

$2000

Per Application

Business License Application

Services

Fees

Payment

Most businesses do not require licenses or permits to operate but there are some  that do, due to the regulatory requirements by the approving authorities.  Examples would be food businesses, employment agencies, private schools, travel agencies, liquor distributors, moneylenders, banks, childcare centres, etc

Varies

Per License

Stamp/Seal Makers

Services

Fees

Payment

Self Inking Rubber Stamps are a MUST have for all businesses! We offer EXPRESS 10 Minutes Self-Ink Stamps at INCREDIBLY LOW prices.

$27

Per Unit

Self Inking Rubber Stamps are a MUST have for all businesses! We offer EXPRESS 10 Minutes Self-Ink Stamps at INCREDIBLY LOW prices.

$27

Per Unit

Taxation Services

Services

Fees

Payment

Each Singapore Company must file its income tax return with the Inland Revenue Authority of Singapore (IRAS) on an annual basis. The IRAS filing consists of two parts:

  • Filing of Income Tax Return with tax computation by Novermber 30 of the following year. As part of our annual tax filing service, we will take care of both Estimated Chargeable Income (ECI) and Income Tax Return preparation and filing with IRAS
  • Filing of ECI within 3 months

From $500

Per Annum

Once the document is signed and dated, stamp duty needs to be paid:

  1. Within 14 days from the date of the document if the document is signed in Singapore or
  2. Within 30 days from the date of its receipt in Singapore if the document is signed overseas.

You can pay stamp duty easily via the IRAS e-Stamping portal. It is an offence to use a document for which stamp duty has not been paid. If IRAS detects a document for which stamp duty has not been paid, a penalty of up to 4 times the stamp duty amount will be imposed. In addition, a document for which stamp duty is paid can be admitted as court evidence in cases of disputes.

From $50

Per Job

Secretarial Services

Services

Fees

Payment

Each Singapore company must have a qualified company secretary who is a resident of Singapore and experienced with the Singapore Companies Act. Each Singapore Company must hold an Annual General Meeting (AGM) and lodge an Annual Return with the Accounting and Corporate Regulatory Authority (ACRA) of Singapore. Our annual company secretary retainer fee is for routine corporate secretarial services which include:

  • Appointing a qualified company secretary
  • Reminding you of the various statutory compliance dates
  • Safekeeping, updating, and maintaining statutory records of the company
  • Preparing and filing of Annual Return with ACRA

From $700

Per Annum

Non-routine corporate secretarial services such as changes in company structure, change of directors, change of shareholders etc. Please refer to our “Company Secretary Service” page for further details.

Varies

Per Job

A company, regardless of it being a private company, exempt private company, public company limited by shares, or public company limited by guarantee, may apply to ACRA to strike off its name from the Register pursuant to Section 344 of the Companies Act. We can submit the “Application for Striking Off” on behalf of the Company upon request.

From $488

Per Job

Personal Income Tax

Services

Fees

Payment

As an employee, you must submit your personal income tax return by the 15th of April (If you e-File, you have up to the 18th of April to do so) each year.

From $500

Per Annum

While a partnership does not pay tax, it still has to file an annual income tax return (called the Form P) to show all income earned and business expenses deducted by the partnership during the year. The partnership is required to file the Form P if it has received the paper Form P or invitation to e-File, even if it has not commenced business in the year.

From $500

Per Annum

Accounting Services

Services

Fees

Payment

Once your accounts are ready, we can prepare the year-end financial statements along with the Director’s Report in compliance with Singapore standards.

From $500

Per Annum

Singapore companies that are required to attach a copy of their financial accounts with the company’s Annual Return are required to do so in XBRL format. XBRL, or eXtensible Business Reporting Language, is a new industry standard that uses the XML-based framework to present financial statements. As part of our XBRL service, we will convert your company’s financial statements into XBRL format in compliance with ACRA requirements if necessary.

From $400

Per Job

If required, we can provide bookkeeping services for your company. Our fee for this service starts at S$190/month for a standard small company and depends on the volume and complexity of your monthly transactions. When you engage our incorporation services, we will be happy to discuss with you about your bookkeeping service requirements and provide you with a quotation accordingly. Our annual bookkeeping service is useful for small companies that have relatively small number of annual transactions and have not done any bookkeeping during the course of the year. Under our annual bookkeeping service, we will reconcile bank statements, record and classify all financial transactions into relevant general ledger accounts and prepare the necessary year-end financial statements.

Standard (Payable one year in advance)

1 – 17 transactionsSGD $70/m
18 – 25 transactionsSGD $100/m
26 – 50 transactionsSGD $190/m
51- 100 transactionsSGD $360/m

Budget (Payable one year in advance)

1-50 transactionsSGD $280/m
51 – 100 transactionsSGD $500/m
101 – 150 transactionsSGD $600/m
151 – 200 transactionsSGD $800/m

 

Varies

Varies

At ISC, we don’t believe in a one-size-fits-all package for our clients. Call us to discuss more on how we can help you to consolidate your accounts and be in compliance with Singapore Financial Reporting Standards.

From $800

Per Job

Human Resource

Services

Fees

Payment

If required, we can provide monthly payroll service for your company. For our basic payroll service, we charge a monthly fee of S$40 per staff (First 10), after which will be at $30 per staff. When you engage our incorporation services, we will be happy to discuss with you about your payroll service requirements and provide you with a quotation accordingly.

From $40

Per Month

If you intend to hire local employees (Singapore Citizens and Permanent Residents) you will need to open a CPF account with the Central Provident Fund (CPF) Board and a percentage of the local employees’ salaries will be contributed to this Board on a monthly basis as part of their retirement fund. For more details, please visit www.cpf.gov.sg. We can help you register your Company CPF account and manage your staff payroll, if required.

From $100

One Time

Enquiries? Questions?

Send us an email, and our team of friendly consultants will get back to you at the earliest possible time.

Alternatively, you may wish to give us a call at +65 8815 7966 or visit us at our offices at 334 Kreta Ayer Road, #01-05, Singapore 080334 between our opening hours of  9am to 5pm.