FAQs

FAQs

Starting a company

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How long does it take to incorporate a company in Singapore?
Usually within one working day, once we have all the required information and documents. We can also incorporate on your chosen auspicious date, including weekends and public holidays, at no extra fee.

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Can I set up a Singapore company if I'm a foreigner living overseas?
Yes. You can incorporate without being in Singapore, but every company needs at least one director who is ordinarily resident here. If you don't have one yet, we can provide a nominee director and a registered office address, and help you open a corporate bank account.

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What's included when I incorporate with you?
Name reservation, incorporation documents, ACRA registration, statutory registers, your Register of Registrable Controllers and Corppass setup, plus a free first year of company secretary service. Government fees are extra.

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Staying compliant

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Do I need a company secretary?
Yes. Every Singapore company must appoint a company secretary within six months of incorporation. Your company secretary keeps your statutory registers up to date, prepares resolutions and files with ACRA on time.

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What are my yearly filing obligations?
Most private companies need to hold an AGM (unless exempted), file an annual return with ACRA, prepare financial statements, and file corporate tax with IRAS. We track every deadline for you, so nothing slips.

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What happens if I file late?
ACRA charges a late filing penalty for each late annual return, and repeated late filings can lead to further enforcement action. IRAS may also impose penalties for late tax filing. If you're already behind, talk to us. We regularly help companies catch up and get back on track.

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Can I switch to Account-Ink from my current company secretary?

Yes, and it's straightforward. We handle the handover, including the board resolution, the ACRA update and collecting your company records from your previous provider.

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Accounting and tax

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What is cloud accounting, and why does it matter?
Your books are kept online in software like Xero, so you can see your real-time financial position anytime, anywhere. It makes invoicing and bookkeeping faster and more accurate, and lets us support you remotely.

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Can I keep my current accounting software?
Yes. We can work with your existing software as long as we have access, though we recommend cloud accounting for faster, real-time support.

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How do you help with corporate tax?
We prepare your tax computation and file with IRAS on time, and make sure you claim the tax exemptions and deductions available to your company.

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Work passes

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Can you help me apply for an Employment Pass, S Pass or Work Permit?
Yes. We handle the whole application, from checking eligibility to preparing and submitting the documents, and keep you updated throughout.

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Do you guarantee approval?
No one can. Approval is at the discretion of the Ministry of Manpower (MOM). What we do is make sure your application is complete and meets MOM's criteria, to give it the best chance of success.

How long does a work pass application take?
It depends on the pass type and your case. MOM publishes its current processing times on its website, and we'll give you a realistic timeline when we start.

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Working with us

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How much do your services cost?
It depends on what your company needs. For new and small companies, our Annual Compliance Package covers your company secretary, annual return, financial statements and tax filing for one fixed yearly fee. Contact us for a quote.

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What payment methods do you accept?
Bank transfer and PayNow