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Incorporation Process

Change of business structure questions, answered

What is a Pte Ltd?

A private limited company (Pte Ltd) is the most popular type of business entity in Singapore. This type of company has limited liability, which means that the company&ap0s;s responsibility is limited to the value of the shareholders shares. Profits earned by the company are subject to corporate tax, but shareholders don't have t

Advantages of converting to a Pte Ltd

You won’t be legally responsible for all lawsuits filed against your business.

Sole proprietors face a greater risk of financial ruin than directors of private limited companies.

You can enjoy tax benefits that a sole proprietor won’t have, such as tax exemptions.

Your capital is not limited.

You can find a successor if you happen to leave the business.

You have a greater chance of partnering with serious businesses.

Are there any downsides?

While there are many perks that come with converting your sole proprietorship to a Pte Ltd, there are a few drawbacks: A company's dissolution is a complex task Such companies are more difficult to manage Pte Ltds in Singapore must comply with stricter rules and regulations according to the Singapore Companies Act Thankfully, we are professionals in all things business structure and what's best for your needs. Trust us with this process so that you're paying the right tax and are compliant with authorities at all times.

WHY CLOUD BSS

Company conversion admin, sorted

Your own bookkeeper

You'll work directly with an Cloud Bss expert to make your business's bookkeeping more efficient. We make sure you pay the right tax from day one with our complete, online bookkeeping services.

Your own bookkeeper

You'll work directly with an Cloud Bss expert to make your business's bookkeeping more efficient. We make sure you pay the right tax from day one with our complete, online bookkeeping services.

Cash flow clarity

Get daily insight into your cash flow to give you financial clarity, with complete bookkeeping services to help you make sense of it all.

Compliance and Reporting

You don't have to deal with the IRD — we'll do it for you. Our online bookkeeping services will handle all tax, deadlines, and filing so that you pay the right tax and stay compliant.

Got questions? Chat with our local experts

Choose a convenient time to chat with our accounting experts and get the answers you need to take the next step.

PRICING

Value-for-money packages for your Pte Ltd business in Singapore

Our packages are tailored to your business stage and monthly revenue. Customise your package with add-ons to suit your needs as you grow.

Operate

If you want to nail your first year of business and stay compliant

₹2963.89/m

₹35,567.00 billed annually

Cloud BssAccounting software

Create, send, and chase invoices
Capture bills and receipts easily
Expense Management
Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
Use multiple currencies

Ecommerce

Connect one marketplace

Bookkeeping

Unlimited bookkeeping
Automatic reconciliations

Expert service

Annual Management reports
In-app chat
Payroll and dividends tax advice
Dedicated accounting team

Tax and filings

Unaudited Financial Statements (UFS)
Annual tax return filling

Optional add-ons

Xero Subscription

₹37048.64/y

Video call with an expert

₹6174.77/h

Personal Income Tax

₹9262.16

Full XBRL report

₹30873.83

Simplified XBRL report

₹18524.30

Grow

For those growing a team and needing payroll and employee services

₹5557.29/m

₹66,687.48 billed annually

Cloud BssAccounting software

Create, send, and chase invoices
Capture bills and receipts easily
Expense Management
Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
Use multiple currencies

Ecommerce

Connect one marketplace

Bookkeeping

Unlimited bookkeeping
Automatic reconciliations

Expert service

Monthly Management reports
Video calls with an expert
Ad-hoc tax advice
In-app chat
Payroll and dividends tax advice
Dedicated accounting team

Tax and filings

Unaudited Financial Statements (UFS)
Annual tax return filling

Optional add-ons

Xero Subscription

₹37048.64/y

GST filing

₹74097.20/y

GST registration

₹18524.30

Personal Income Tax

₹9262.15

Full XBRL report

₹30873.83

Simplified XBRL report

₹18524.30

Payroll services, per employee

₹18524.30/y

Employee leave tracking, per employee

₹4940.00/y

Add-ons you might need

Urgency filing

Where applicable, an urgency fee may be applied depending on your filing deadline.

S$ 750

Simplified XBRL filing

The Simplified XBRL template caters to smaller businesses and non-publicly traded companies in Singapore. It provides a simple report and a complete set of financial statements in PDF format.

S$ 300/y

Full XBRL filing

Cloud BSS will provide a Full XBRL report including primary statements and selected notes to the financial statements. This comprehensive report represents a company’s financial performance and position.

S$ 750

Frequently Asked Questions on Company Registration

Where can I register my company?

Explore over 600 resources for managing small business finances

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Copyright © 2023–2024 Cloud Bss. Pvt. Ltd., Singapore . All rights reserved. Cloud Bss. Pvt. Ltd. has obtained waiver towards the The Singapore Code on Take-overs and Mergers (Code) and is not subjected to the implications arising from the requirements of the Code. All the protections afforded by the Code do not apply to the shareholders of Cloud Bss, including the right to receive a minimum offer price from an offeror in a mandatory or voluntary offer. Here is further information.