Corporate Secretarial Services

To comply with Singapore's Accounting and Corporate Regulatory Authority (ACRA) requirements, companies would need to appoint a company secretary in order to be compliant with Section 171 of the Singapore Companies’ Act, Chapter 50.

At Octo, our corporate secretarial service starts from 400 SGD which would include the basic annual requirement needed for compliant. For board resolution needed during the term such as, change and increase in shareholding, company name change, asset inclusion etc. additional charges would apply starting from 50 SGD per resolution.

 

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Partial tax exemption and tax exemption scheme for new start-up companies

Companies can enjoy the partial tax exemption and tax exemption for new start-up companies, as provided in the tables below.

Partial tax exemption for companies

Chargeable income % exempted from Tax Amount exempted from Tax
First $10,000 @75% =$7,500
Next $290,000 @50% =$145,000
Total $300,000 =$152,500

Tax exemption scheme for new start-up companies

Chargeable income % exempted from Tax Amount exempted from Tax
First $100,000 @100% =$100,000
Next $200,000 @50% =$100,000
Total $300,000 =$200,000

 

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