Question 1

I've never started a business before. Can you guide me?

Accepted Answer

Absolutely. We provide end-to-end support from choosing a business name, incorporation, to setting up your accounting and payroll.

Question 2

What's the best structure for a startup?

Accepted Answer

A private limited company is usually best. It protects your personal assets, allows for investors, and is tax-efficient.

Question 3

How much does it cost to set up a company?

Accepted Answer

Incorporation fees typically range from SGD 300–1,200 depending on services and whether you need a corporate secretary.

Question 4

Do I need a business plan or financials to register a company?

Accepted Answer

No. These are not required for registration, though they may help if you're applying for grants or looking for investors.

Question 5

Can I apply for grants as a new startup?

Accepted Answer

Yes. Eligible startups can apply for government grants like Startup SG Founder. We can assist with eligibility checks and applications.

Question 6

Do I need to register for GST from day one?

Accepted Answer

Only if your annual revenue exceeds SGD 1 million or if you opt in voluntarily. We can advise you on the pros and cons.

Question 7

When should I start doing bookkeeping?

Accepted Answer

Immediately after you begin operations. Accurate records help you manage cash flow and file taxes correctly.

Question 8

Can I do the accounting myself?

Accepted Answer

You can, but mistakes are costly. Many startups outsource it to us so they can focus on product, growth, and fundraising.

Question 9

What are my tax benefits as a startup?

Accepted Answer

New startups enjoy up to 75% tax exemption on the first SGD 100,000 of chargeable income for the first 3 years.

Question 10

What's included in your startup package?

Accepted Answer

Usually incorporation, corporate secretary, accounting, and optional work pass or GST registration — bundled affordably.

Starting Your First Company in Singapore

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