Accounting & Tax Services for Startups & Global Entrepreneurs in Singapore

Our startup and entrepreneur services are designed for founders at the very beginning of their journey in Singapore:

• Solo Founders & Solopreneurs: Individuals using a Pte. Ltd. company to operate their personal service business and establish a professional presence.
• Global Entrepreneurs Relocating to Singapore: Founders incorporating a company as a vehicle to apply for an Employment Pass (EP) and make Singapore their home base.
• Bootstrapped Startups: Small, self-funded teams focused on building their MVP (Minimum Viable Product) who need cost-effective, lean financial management.
• Pre-Seed Startups: Companies raising their first small round from angel investors or incubators and needing to establish clean, simple financials.

Even for a one-person company, professional financial oversight is critical from day one. It becomes essential when:

• You Incorporate Your Company: You are legally required by ACRA to maintain proper books of accounts from the moment your company exists.
• You Open a Corporate Bank Account: You must have a system to track all business income and expenses separately from your personal finances.
• You Apply for an Employment Pass (EP): The Ministry of Manpower (MOM) will assess the viability of your business, which includes reviewing your business plan and financial projections.
• You Want to Qualify for the SUTE Scheme: To benefit from the Start-up Tax Exemption, which can save you significant tax in your first three years, you need accurate financial statements.
• You Want to Raise Your First Funding Round: Even angel investors will want to see basic financial statements to understand your business model and early traction.

For startups, accounting services must be affordable yet robust. Our packages are designed to provide maximum value for early-stage companies.

• Basic Compliance Package (low volume): S$400 - S$800 per month. This covers essential bookkeeping, expense tracking, and preparation for annual ACRA and IRAS filings.
• Investor-Ready Package: S$800 - S$2,000 per month. This adds monthly management reports, cash flow forecasting, and preparation of a basic financial model for fundraising.

Even small startups in Singapore face significant compliance risks if they neglect their finances:

• ACRA & IRAS Penalties: Failure to file annual returns and tax returns on time results in automatic fines, which can be a painful hit to a startup's limited cash reserves.
• Commingling of Funds: Mixing personal and business expenses is a common mistake that creates major compliance issues and makes it impossible to track business performance accurately.
• Inability to Raise Funds: Approaching investors with messy or non-existent financials is a clear sign of an inexperienced founder and is a fast track to rejection.
• Jeopardizing Immigration Status: For founders on an Employment Pass, a non-compliant company can create issues with MOM and jeopardize your right to live and work in Singapore.

As a startup founder, your focus must be 100% on building your product, talking to customers, and driving growth. Time spent on administrative tasks like bookkeeping is time taken away from what truly matters. DIY accounting inevitably leads to mistakes, stress, and missed opportunities.

Outsourcing your accounting to YourLegal is a strategic decision to buy back your time and gain peace of mind. We provide a professional, affordable finance function for your startup. We handle all the complexities of Singaporean corporate and tax law, ensuring you are fully compliant with ACRA and IRAS. Our monthly reports give you a clear view of your cash burn and runway, enabling you to make smart decisions. By laying a solid financial foundation, we help you prepare for future growth and become a more attractive prospect for investors.