Exploring Common Inquiries and Helpful Information

You need a minimum $1 for share capital. Also, the process of registration involves fees that vary from S$50 to S$600, depending on the type of company you are registering. Hiring a company for secretarial services will cost between S$400 – S$2,500 per annum, depending on the services required. You may rent a business space or shared office, and there are virtual offices available if you prefer to save cost, or if you do not require an office temporarily.

There are few options to consider as office space in Singapore:

1) Virtual office – Where you can sign up from different packages such as having a dedicated business address, phone number, mail handling, meeting rooms services in the most prestigious office area in the city while your team may work from home or another office building space with lower rental. A virtual office is a great way to start with before setting up a permanent office.

2) Shared office – is a concept that allows companies to manage office spaces such as renting out to smaller companies or sharing working spaces with other businesses by using same business address. The advantage is that you are able to save cost and leverage on the space that is unused to other business.

3) Small office space – if you require a private exclusive space, you can consider an office spaces by searching online on platforms such as PropertyGuru or CommercialGuru. There are many available office spaces for rent starting from 100 sq ft, the rental is differs from location starting from SGD 450 monthly.

4) Private office – These are for mid – large sizes companies renting from shop house office, industrial office, commercial office, high-tech business space, warehouse, science parks office space and business park office space. The common lease for office is between 2 to 3 years. Shop house office is ideal for small to mid-sized business where its office is above shophouse. We suggest you to speak to qualified local real estate agent to find out more about the requirement of these office spaces as some will have strict requirements set by the authority.

5) Co-Working Space – The recent trends known as hot desks, which is an open space can be rented daily, weekly or by monthly. Co-Working space normally will be fully equipped with tables, chair, internet, wifi and printers, it is one of the best way to collaborate or know many startup business working in the same space. One of the advantage for Co-Working space and serviced office, is that the offices may have branches throughout different cities or countries, you may access to any of the branches to work or access for meeting rooms.

Before commiting to an office in Singapore, do take into consideration which options is the best for you on a short term or long term basis.

1) What kind of business are you conducting and how much space do you need for now and next 12 months?

2) Is location important for your business? Will your clients, customers, stakeholders visit your office?

3) Considering monthly rental, location, size of office space, services available, fully furnished or accessibility a part of your priority?

One of the important factor to consider for office might be location that is easy to locate or with car park area, for convenience to make a good impression to your potential customers. Another plus point will be a nearby eating area for your staff to have their meals.

When you engage CorpWerk, we will help you to file your corporate tax returns accurately. All companies must submit audited or unaudited annual tax returns to Inland Revenue of Singapore (IRAS) paper filling of Form C by 30 November annually or if you file the returns on form C-S electronically, e-filling dealine is 15 December.

The Corporate tax rate in Singapore is 17%