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Yes. In fact, many startups operate that way. It is possible to outsource business support functions to professional corporate services firms while you concentrate on your core business. VOPlus offers a host of business support packages for design, IT and others to launch your business off the ground. Contact us to find out more.
Absolutely! As a licensed agent of the Singapore Ministry of Manpower, VOPlus has assisted countless foreign entrepreneurs and professionals obtain their relevant work passes each year. Contact us to find out more.
While you need a registered address in Singapore to incorporate a company, it does not have to be your actual office. VOPlus offers highly affordable virtual office packages that come with a host of office services. Contact us to find out more.
It depends on several factors, such as the type of industry your company is in, your academic qualifications, etc. Click Contact usto find out more for a comparison of the two passes.
A foreign individual or company cannot self-register a company. You need to engage a professional corporate services firm to do that on your behalf. If you plan to be the local director of the company, you need to obtain either an Employment Pass or Entrepreneur Pass. Contact us to find out more.
The types of business structure for foreign individuals and companies are Sole Proprietorship, Partnership and Private Limited Company. Additionally, foreign companies can incorporate Subsidiary Company, Branch Office and Representative Office. Find out more Contact usto find out more
Singapore-incorporated companies need to prepare the following financial statements: Report of Director, Statement by Directors, Statement of Comprehensive Income, Statement of Financial Position, Statement of Change in Equity, Statement of Cash Flow, and Notes to the Financial Statements. Companies must also hold their Annual General Meeting (AGM), and the statements must be presented at the meeting. The Annual Return must be filed with the Registrar within 30 days after the AGM. Contact us to find out more.
Under the Companies Act, all Singapore-incorporated companies need to prepare and present financial statements that comply with the Singapore Financial Reporting Standards (SFRS). The SFRS, on the other hand, is based closely on the International Financial Reporting Standards (IFRS) that are issued by the International Accounting Standards Board (IASB). Contact us to find out more..

Services

Yes, definitely! Our incorporating service is affordable, efficient and comprehensive. It could take only 2 hours to incorporate your business if you are a local!
Absolutely! As a licensed agent of the Singapore Ministry of Manpower, VOPlus has assisted hundreds of foreigners...
While you need a registered address in Singapore to incorporate a company, it does not have to be your actual office.
A Company Secretary is responsible for establishing and maintaining all company's statutory records and assisting the director in ensuring that they comply with statutory regulations.
A Director is a person responsible for managing the affairs of the company on behalf of the shareholders. All Singapore-incorporated companies are required to have at least one local Director.
It makes business sense for SMEs to outsource their accounting and tax function to keep their overhead low.
Yes. In fact, many startups operate that way. It is possible to outsource business support functions to professional corporate services firms while you concentrate on your core business.
Switching to VOPlus is absolutely free and hassle-free! Our team will handle all the necessary work for the transfer. Simply contact us via email or ask to speak to a consultant and we will guide you through the process.

Pass & Immigration

An Employment Pass (EP) is a work pass obtained from the Singapore Ministry of Manpower that allows foreign professionals, managers and executives to work here.Contact us to find out more.
Applicants of an EP need to have a job offer in Singapore with a monthly salary of at least SGD3,600, and acceptable qualifications such as a good university degree, professional qualifications or specialist skills. Contact us to find out more.
The required documents include applicant's passport, photo, resume, detailed job description and educational certificates, and the company's latest business profile.Contact us to find out more.
EntrePass is a work pass for foreigners who wish to start a business and relocate to Singapore to operate their business. It is designed primarily for technopreneurs or those with an R&D intensive enterprise. Contact us to find out more.
The company must have a paid-up capital of at least SGD50,000, and the applicant must hold at least 30% share. The company must also be either funded by an accredited VC or a business angel, possess a registered IP, have an ongoing research collaboration with a recognised research institution, or an existing incubatee of a Singapore government-supported incubator. Contact us to find out more.
The required documents include applicant's passport, photo, educational certificates, past employment testimonials and a 10-page business plan. Contact us to find out more.
It depends on several factors, such as the type of industry your company is in, your academic qualifications, etc. Click Contact usto find out more for a comparison of the two passes.
An EP or EntrePass holder can apply for Dependant's Passes for their spouse and unmarried children under the age of 21 to live and study in Singapore. Contact us to find out more.
Absolutely! As a licensed agent of the Singapore Ministry of Manpower, VOPlus has assisted countless foreign entrepreneurs and professionals obtain their relevant work passes each year. Contact us to find out more.

Accounting, Taxation & Filing

Under the Companies Act, all Singapore-incorporated companies need to prepare and present financial statements that comply with the Singapore Financial Reporting Standards (SFRS). The SFRS, on the other hand, is based closely on the International Financial Reporting Standards (IFRS) that are issued by the International Accounting Standards Board (IASB). Contact us to find out more.
Under the Companies Act, a private limited company is required to appoint an auditor within 3 months from the date of incorporation, unless it is a Small Entity (SE). Your company qualifies as an SE if it meets at least 2 of the 3 following criteria: (i) total annual revenue ≤ SGD10m; (ii) total assets ≤ SGD10m; and/or (iii) no. of employees ≤ 50. Contact us to find out more.
If your company is an SE and exempted from audit requirements, it only needs to file unaudited financial statements in the form of Annual Return with ACRA. Contact us to find out more.
Singapore-incorporated companies need to prepare the following financial statements: Report of Director, Statement by Directors, Statement of Comprehensive Income, Statement of Financial Position, Statement of Change in Equity, Statement of Cash Flow, and Notes to the Financial Statements. Companies must also hold their Annual General Meeting (AGM), and the statements must be presented at the meeting. The Annual Return must be filed with the Registrar within 30 days after the AGM.Contact us to find out more.
Since 2010, Singapore's corporate income tax rate has been pegged at a flat rate of 17%. However, there are various tax incentives granted by the government for startups that lower the effective tax payable considerably. For instance, a Singapore-incorporated company does not have to pay any tax on the first SGD100,000 taxable income for the first 3 years if they meet certain criteria. Contact us to find out more.
Singapore adopts a progressive personal income tax system that ranges from 0% for the first SGD20,000 to 22% for income above SGD320,000. Capital gains, income earned overseas and dividends received from a Singapore company is not subject to personal tax in Singapore. Contact us to find out more.
Singapore companies are required to declare their revenue amount and Estimated Chargeable Income (ECI) by filing an ECI form with the Inland Revenue Authority of Singapore (IRAS) within 3 months of the Financial Year End for the company. Subsequent to the filing of ECI, they are also required to submit its annual Income Tax Return with IRAS by November 30.Contact us to find out more.
Absolutely! VOPlus offers an array of accounting, tax and annual filing services that are suited for SMEs. Contact us to find out more.