Tag: Singapore

Nov012023November 1, 2023November 8, 2023by

How much does it cost to incorporation in Singapore?

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The cost of incorporating a company in Singapore can vary depending on several factors, including the type of business entity you want to establish, the services you require, and whether you engage a professional services firm to assist you. Here are some of the key cost factors to consider:

  1. Registration Fees: The Accounting and Corporate Regulatory Authority (ACRA) in Singapore charges a fee for the registration of a new company. As of my last knowledge update in 2022, the registration fee for a company is typically around SGD 300.
  2. Name Reservation: If you want to reserve a specific company name before registering your business, there’s a fee for that as well, usually around SGD 15.
  3. Business Incorporation Services: If you choose to use the services of a professional firm to help you with the Singapore company incorporation process, you will incur additional costs. These service fees can vary depending on
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Mar292019March 29, 2019March 31, 2019by

Is Singapore Geared Up For The Open Electricity Market?

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The Energy Market Authority (EMA) launched the Open Electricity Market (OEM) proper on November 1, 2018. As a measure to enhance the electricity market in terms of competitiveness and to encourage innovativeness, the OEM marks a progressive wave in the market. With a new market structure involving multiple retailers, consumers and operational processes, is Singapore geared up for it?

The Open Electricity Market
The full launch of the Open Electricity Market means that residential and business consumers have a choice in deciding who they want to purchase their electricity from, out of a current list of thirteen retailers.

Before the Open Electricity Market was introduced, Singaporeans only had SP Group to rely on for their electricity supply. Each retailer provides a range of standard and non-standard price plans for consumers to choose from. After comparing different price plans, they can choose one which befits their households’ and businesses’ electricity usage …


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