Countries SingaporeCompliance

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Compliance Checklist — Singapore

Step-by-step regulatory requirements organized by timeline phase

Overall Progress

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Incorporate your business entity via BizFile+ portal. Choose between Private Limited, LLP, or Sole Proprietorship.

RegistrationACRA~$220

Open Corporate Bank Account

Open a corporate bank account with a local bank (DBS, OCBC, UOB). Requires ACRA registration documents.

BankingMAS-regulated Bank

Apply for Employment Pass (EP)

Required for foreign professionals working in Singapore. Minimum qualifying salary of S$5,000/month.

PermitsMOM~$155

Apply for Business Licenses

Obtain sector-specific licenses via GoBusiness Licensing portal. Required for F&B, retail, education, etc.

PermitsVarious Agencies~$200

Mandatory if annual taxable turnover exceeds S$1 million. Voluntary registration available below threshold.

TaxIRAS30 days after exceeding threshold

Fine up to S$10,000 and 10% surcharge on outstanding GST

LaborCPF BoardWithin 14 days of hiring first employee

Interest of 18% per annum on late contributions

Set Up Payroll & SDL

LaborSSG

Workplace Safety & Health Registration

PermitsMOM

File Estimated Chargeable Income (ECI) within 3 months of financial year-end.

TaxIRAS3 months after financial year-end

Penalties and enforcement actions for non-filing

Appoint Company Secretary

Mandatory to appoint a qualified company secretary within 6 months of incorporation.

RegistrationACRAWithin 6 months of incorporation~$600

Fine up to S$5,000

Data Protection (PDPA) Compliance

Appoint a Data Protection Officer and implement data protection policies per PDPA requirements.

PermitsPDPC

Financial penalties up to S$1 million

Annual Return Filing

File annual return with ACRA within 7 months of financial year-end. Hold AGM within 6 months.

ReportingACRA7 months after FYE~$60

Late filing penalties and potential strike-off

File Corporate Tax Return (Form C-S/C)

Annual corporate income tax filing by 30 November each year. 17% headline rate with partial exemptions.

TaxIRAS30 November annually

Estimated Notice of Assessment and enforcement actions

Monthly CPF Contributions

Pay employer and employee CPF contributions by 14th of each month for SG citizens and PRs.

LaborCPF Board14th of each month

18% per annum interest on late payments

Quarterly GST Returns

File GST returns quarterly (or monthly) via myTax Portal if GST-registered.

ReportingIRAS1 month after quarter-end

5% late payment penalty plus additional 2% per month

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