Singapore's central business district at dusk, seen across the river

Accounting, tax and corporate services for companies in Singapore

From incorporation to the annual return, and the tax and structuring questions in between, for founders, foreign companies and growing groups.

Where our clients start

Most engagements begin with one of six situations. Each has its own first-year decisions, and the order you take them in matters.

A hand signing a printed document

Starting a company in Singapore

Local or foreign founders setting up a private limited company: name, directors, shares, bank account and the first year of filings.

Incorporation through our licensed partner, registered office, company secretary, compliance calendar.

How we handle this
Office towers in Singapore's financial district, seen from street level

Opening a Singapore subsidiary

A parent company abroad and a new Singapore entity that has to satisfy regulators at home and here from the first filing.

Structure, resident director, accounts that consolidate cleanly into the parent's.

How we handle this
Hands typing on a laptop showing an accounting spreadsheet

Running an existing company

Bookkeeping, tax and annual filings handled on a calendar, or a clean switch from your current provider.

Monthly accounts, ECI and Form C-S, AGM and annual return, GST returns.

How we handle this
A dense Indian city skyline under a cloudy sky

Groups with an India connection

An Indian parent, Indian founders or a team in India. The questions run across two tax systems, and this is our deepest specialism.

ODI with your Indian CA, POEM and tax residence, transfer pricing, dividends to India.

Our India practice
Marina Bay, Singapore, in early evening light

Setting up a family office

A Singapore fund vehicle and management company seeking a tax incentive under section 13O or 13U, without us managing the money.

Structure, MAS application support, accounting, annual reporting to the conditions.

How we handle this
A calculator, glasses and printed financial charts on a desk

Valuations and transactions

An acquisition to account for, share options to value, or a fund raise or restructuring that needs a number you can defend.

Purchase price allocation, ESOP and share valuations, deal support.

How we handle this

What we do

Six services, one team accountable for all of them. Regulated corporate services come through our licensed partner; we coordinate them so you deal with one firm.

People in a meeting around a table with notes and a laptop

Incorporation and company secretarial

Company set-up, secretary, registered office and nominee director, from formation to annual return.

Provided by our ACRA-registered corporate service provider partner.

Accounting and reporting

Monthly books, management accounts, year-end financial statements and XBRL filing.

Tax and GST

ECI, Form C-S and Form C, GST registration and returns, and the tax computation behind each.

Cross-border tax

Holding structures, transfer pricing, treaty claims and the board practices that keep residence where you intend it.

Valuation

Purchase price allocation, ESOP and share valuations, and valuations for restructuring and fund raising.

Family office services

Set-up and ongoing administration for single family offices under sections 13O and 13U.

Our India practice

Many of our clients are Indian groups and founders. Their Singapore company sits inside two tax systems, and most problems start where the two meet: overseas investment rules, tax residence, transfer pricing and dividends back to India.

We handle the Singapore side and work alongside your Indian chartered accountant, supported by our shared services centre in Gurugram.

Exhibit 2
On the same profit, a Singapore subsidiary pays 39% to 68% less tax than an Indian company
Effective corporate tax rate at three levels of annual profit
0%10%20%30%S$100k8.1%25.2%S$300k11.2%25.2%S$1m15.3%25.2%Singapore company owned by an Indian parentIndian company, concessional rate
Source: Northwise calculation. Singapore: 17% with the partial exemption, before rebates (IRAS). India: 22% concessional rate plus 10% surcharge and 4% cess. Excludes tax on dividends paid to India.

How an engagement runs

Fees are fixed before work starts. If the scope changes, we agree the change in writing first.

  1. Scope call

    A call on your structure, your deadlines and what is already in place.

  2. Fixed-fee proposal

    A written scope, a fixed fee and a timetable, agreed before any work starts.

  3. Onboarding

    Due diligence, system access and a shared compliance calendar with any other advisers you use.

  4. Delivery and review

    Work delivered on the calendar, with a review of the year and the next one before each year end.

The firm

Northwise is a Singapore company with a shared services centre in India. Advice, client relationships and every filing come from Singapore.

Singapore's financial district along the Singapore River

Singapore

Client relationships, tax and structuring advice, and every filing with ACRA and IRAS.

60 Paya Lebar Road, #06-28 Paya Lebar Square, Singapore 409051

A thick stack of printed financial papers

Shared services centre, India

Unit 508, Vipul Business Park, Central Park II, Sector 48, Gurugram, Haryana 122018

Company
Northwise Pte. Ltd., UEN 202651421M
Corporate services
Through an ACRA-registered corporate service provider partner
Our guides
47 guides, each linked to its official sources and dated

Tell us where your Singapore company stands

Describe your structure and your deadlines. An adviser replies within one working day with what applies to you and a fixed-fee proposal.

Email
contactus@northwiseasia.com
Phone, Singapore
+65 8980 2500
WhatsApp
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