GST Registration and Licensing

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Based on 38 reviews
Iman Jafari
Iman Jafari
May 30, 2023
I had the absolute pleasure of working with ContactOne Incorporation for our business registration in Singapore, and the experience has been nothing short of exceptional. Our main point of contact, Tricia, was the epitome of professionalism. Not only was she quick to respond to our many queries, but her comprehensive knowledge and clear communication made the experience feel almost effortless. Tricia's unwavering dedication to customer service is evident in the quality and timeliness of her responses, setting the bar high for the industry standard. The team at ContactOne demonstrated a deep understanding of Singapore's corporate regulations and the registration process, which was instrumental in accelerating the typically time-consuming process. They swiftly handled every aspect of the registration, allowing us to focus on the bigger picture - planning and running our business.
Alex Ng
Alex Ng
July 1, 2022
We have been using ContactOne's services for the past 5 years and they have always been satisfactory. Tricia from ContactOne recently helped us incorporate a JV, and was responsive throughout the process, making it simple and easy. Cheers for the good services!
Yoke Ping Lim
Yoke Ping Lim
May 25, 2022
The staff is very helpful and service is fast. Excellent!
Patrick Juay
Patrick Juay
May 4, 2022
I would like to commend Tricia Lam for her fast responses and helpfulness to answer any and all of my queries, even if she doesn't know the answer. Kudos Tricia. Keep it up!!
Thong Yew Tai
Thong Yew Tai
April 22, 2022
Tricia from ContactOne handled the whole process smoothly and professionally. Not only did she address our concerns with ease, she also made sure everything was in order with timely updates. Thank you! For new business owners do give them a go! Packages are reasonably priced too !
Velva Beauty
Velva Beauty
April 20, 2022
We have engaged ContactOne for business incorporation and corporate secretary services. They are professional and prompt in their services.
KylieChua Liu
KylieChua Liu
March 29, 2022
Many Thanks to Tricia for assisting to incorporate the Company in a breeze. We have a wonderful working together with her!
Daniel Ong
Daniel Ong
March 24, 2022
The Goodhousecleaners Pte Ltd, recently incorporated, was looking for a corporate secretary. We stumbled upon ContactOne and did a random call. It was professionally picked up by a particular, Tricia Lam. Her patience in explaining to us the procedures with no frills, no hidden cost/agenda, caught our attention. To be frank, right from the very first contact, we had already decided to move with ContactOne. Now that our incorporation is complete, we are thankful for Tricia and ContactOne for making the experience a easy-peasy one. We look forward to working with Tricia and ContactOne when the need arises....... Cheers!!from the team at The Goodhousecleaners _ Daniel Ong, Victor Ong & Susan Wei

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GST Voluntary Registration Service
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GST Computation and Reporting

GST Registration and Licensing

Licensing and certain statutory registrations are part and parcel of running a business in Singapore. For licensing, it is often dependent on the type of industry and line of business you are in. On the other hand, statutory registrations are applicable to all industries whenever there is a trigger point.

Examples of statutory registrations are Compulsory GST Registration when your business turnover exceeds or is expected to exceed $1M, Compulsory CPF Registration if you are employing or is going to employ local staff for your business, and registering for EP Online or WP Online if you intend to hire foreign staff.

GST registration

A company is required to register for GST on a compulsory basis if

  • Your taxable turnover for the past 4 quarters is more than $1M and you are not certain that your turnover will not exceed $1M in the next 12 months; or
  • You can reasonably expect your taxable turnover to exceed $1M in the next 12 months.

You will need to apply for GST registration within 30 days from the date that your registration liabilities arise.

A company can still register for GST on a voluntary basis even if the business turnover is below $1M. For such companies, it is wise to perform a cost-benefit analysis on the impact GST registration has on your business and reporting process. You may consider the factors explained in our Resource Guide “Should I Register for GST” before making a decision as once registered, you will need to be registered for a minimum period of 2 years.

CPF account registration

A company is required to register for a CPF Account when the company is intending to hire its first Singapore Citizen or Singapore Permanent Resident employee or where the local directors of the company will be drawing salary for the first time. The process involves the application to obtain your CPF Submission Number (CSN) and thereafter, apply for CPF e-Submission for future e-filing and contributions of CPF to the CPF accounts of your employees. For your convenience, it is strongly encouraged that you submit a Direct Debit Authorization Form (DDA) to facilitate CPF payments directly from your bank.

You will receive your CSN number via email and subsequently via a hardcopy welcome pack that will provide you valuable information about CPF submission. Provided you apply on time for your first ever CPF submission, all submissions can be done online via e-submission. For the first submission, get ready your bank token as payment usually can only be made via eNets (or Nets via AXS stations) as your DDA authorization is most likely not approved at this point. Once your DDA is approved, you may select Direct Debit as a payment option in your subsequent filings.

Basic requirements before attempting to register for gST

  • Your company or business must be already registered with ACRA
  • Your Business Bank Account is ready
  • You can describe your business activities clearly and has a rough estimate of how much revenue you will be expecting for the next 12 months.
  • Documentations depending on whether you have started sales and age of business will be required. ContactOne will advise you what documents to submit based on existing requirements and our experience.
  • For companies making compulsory registration because past sales have exceeded $1M, you will need to complete a GST Calculator form for your transactions for the last 2 year. (For this very reason, we urge you to constantly monitor your sales figures if it is pushing the $1M boundary. Believe us when we say this form is tedious to complete for most business owners!)

Basic requirements before attempting to register for CPF

  • Your company or business must be already registered with ACRA
  • Your Business Bank Account is ready (if you wish to have the option for Direct Debit deductions in future)
  • You are certain of making salary payments Singapore Citizen/Permanent Resident employee or director for the first time
  • You have a SingPass / CorpPass account for login

Get In Touch

+65 8666 3633 (Company Registration and Secretarial matters)

+65 8877 2223  (AGM and Annual Return Filing)

+65 8813 3833  (Accounting and Tax matters)