Sole Proprietorship formation costs in Singapore
Government filing from $89 · annual maintenance from $23
Last verified: June 13, 2026
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Cost summary
State Filing
$89
one-time
Mandatory Annual Fee
$23
per year
First-Year Total
$205
incl. required services
Annual Ongoing
$142
from year 2
Cost Breakdown
Detailed breakdown of formation and ongoing costs
| Item | Type | Amount |
|---|---|---|
| Name Application Fee (ACRA) | One-time | $11 |
| First-Year Registration Fee (ACRA) | One-time | $74 |
| Annual Renewal Fee (ACRA) | Annual | $22 |
| Virtual Office / Registered Address | Annual | $120 |
| First year total | $205 | |
| Annual ongoing | $142 | |
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Sole Proprietorship cost FAQ
How much does it cost to form a Sole Proprietorship?
The government filing fee starts at $89. Including required services, expect a first-year total of about $205.
What are the annual costs of a Sole Proprietorship?
The mandatory state/annual fee starts at $23. With recurring services like a registered agent, total ongoing costs are about $142 per year.
How long does Sole Proprietorship formation take?
Standard processing takes 1-2 business days. Expedited processing (Same day (approx. 15 minutes)) is available.
Is a registered address required in Singapore?
Yes. Typical cost: $120 - $300 per year. Virtual offices are allowed.
Is there a minimum capital requirement for a Sole Proprietorship?
No, there is no minimum capital requirement. There is no minimum paid-up capital requirement for a sole proprietorship in Singapore.
Can I form a Sole Proprietorship remotely?
Yes, no local director is required. A local authorized representative is required only if the owner is a foreigner residing overseas.
Related pages
Complete Sole Proprietorship formation guide
Taxes, requirements, banking, and step-by-step setup
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Filing $245 · annual $47
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Filing $90 · annual $23
Branch Office costs
Filing $245 · annual $47
Representative Office costs
Filing $148 · annual $148
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Filing $85 · annual $22
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