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Consulting services with prices.

The Right Consultancy Plan For Your Business

Before forming your company or opening a bank account, please look at our three consultacy plans below.

Our prices are in Singapore Dollars, please hover over the amount for the equivalent in other major currencies.

STARTER

Basic advisory service covering:

We look at your proposed business, where you are based and where your customers/clients are based.  We then recommend the best jurisdiction from those which we offer.  We will take into consideration issues of tax and privacy.

Advice as to best jurisdiction.

Depending on your proposed business and where you & your customers/clients are based; we will recommend a suitable business account. Except in exceptional cases, we will suggest a digital wallet (aka e-wallet or neobank) that offers multi-currency accounts and usually debit cards. Traditional banks require a lot of paperwork, a substantial initial deposit, and often require a personal visit.

Review of suitable business banking accounts.

Depending on your proposed business and where you & your customers/clients are based; we will recommend a suitable business account. Except in exceptional cases, we will suggest a digital wallet (aka e-wallet or neobank) that offers multi-currency accounts and usually debit cards. Traditional banks require a lot of paperwork, a substantial initial deposit, and often require a personal visit.

‘Starting a business’ exclusive guide book.

$ 525

Approximate conversions from the Singapore Dollar amount to a selection of currencies:

£ 309

€ 359

US$ 379

C$ 488

A$ 545

Zł 1,681

SFr 363

Priced in Singapore Dollars – hover on the price for equivalent in other major currencies.

ADVANCED

Getting started with assistance:

Everything in our Starter Plan

Plus

Once you've decided which digital wallet you want to open, we will provide you with tips & tricks to maximise the chances of success.

Our exclusive guidebook gives sound advice on what is generally acceptable (and what is not) to most digital wallets.  The e-book includes screen-prints you will not usually see until halfway through the application process, thus saving you time.

Detailed guide to opening a business banking account.

Almost all jurisdictions require you to keep 'books and accounts', although traditional IBCs tend not to enforce this. Most low tax jurisdictions require companies to file tax returns annually, which needs proper accounts to be kept.

We can recommend a reasonably priced (or even free accounting package) that will fulfil the legal requirements for your company in the jurisdiction. Please bear in mind that certain jurisdictions require an audit; again, we will discuss this with you and provide advice.

Setting up an accounting package.

You will probably want to set up a website, if not now, in the future.  If you just want to register a domain now, we can do this for you within the package price (worth $15) e.g. .com, .net, .cc through our hosting provider.  Premium domains are not included in this offer.

Domain registration service.

To give a professional appearance your company will need a website.  Anything from what is known as portfolio showing your offerings, to a full ecommerce site.  Most business banking providers will expect to see a functioning website before approving an application.  We will send you an invitation link giving you exclusive 20% discount on a hosting package which will include your domain name free for the first year.

Hosting for your website.

$ 825

Approximate conversions from the Singapore Dollar amount to a selection of currencies:

£ 485


€ 564

US$ 595

C$ 767

A$ 857

Zl 2,642

SFr 571

Priced in Singapore Dollars – hover on the price for equivalent in other major currencies.

RETAINER

Professional advisory service covering:

Everything in our Starter Plan.

Plus

These include:

  • Guide to opening a business account.
  • Guide to payment processing.
  • Guide to accounting software.
  • A brief guide to setting up a website.
  • Plus 'Starting a business' e-book (as in Starter Package).

All guidebooks include 'Best in Class' reviews with recommendations.

If priced as an individual consultancy assignment, each of these e-books would represent at least  4 hours of work, and at typical consultancy rates, this would be from US$ 600 to US$1,000. They are not advertising 'brochures; therefore, by purchasing our professional package, you've covered the entire plan cost with the value of the e-books.

Four more exclusive business guides.

This covers queries related to everything in the Advanced Plan, billed at S$ 625 per quarter (every three months).

The minimum commitment is six months. Plan can be cancelled any time after six months by advising us by email at least a week before the renewal date.

Continuing advice & support service covering three to four hours per quarter.

$ 1,350

Approximate conversions from the Singapore Dollar amount to a selection of currencies:

£ 794

€ 923

US$ 974

C$ 1,256

A$ 1,402

Zl 4,324

SFr 934

Priced in Singapore Dollars – hover on the price for equivalent in other major currencies.

Choose a jurisdiction

Where to form your company?

Jurisdictions

We can help you with

Forming your company in the following jurisdictions:

Type of business

The decision as to where to incorporate should largely depend on the type of business and where you expect your customers to come from. We can help you choose the right jurisdiction, particularly for clients wishing to establish either an e-business (selling online), a consultancy business, or/and event organising.

Company Structure

You need to ensure that your proposed business suits your proposed company structure. For example, using a Seychelles company for selling into a ‘bricks and mortar’ (physical) business in Europe is not a good idea due to E.U. tax haven avoidance rules, in this case, we would probably suggest an EU registered company, e.g. Ireland or Cyprus.

Timing

Most companies can be set up in a few days, although some exceptions exist. Cyprus and RAK Free Zones require name approval which can delay matters. By contrast, Singapore and Hong Kong, as well as most IBCs, can be set up quickly. US LLCs are generally quick to form, but EIN’s (Employer Identification Number) can take up to several weeks due to delays at the IRS.

Jurisdictions

Please see our jurisdiction list to see our offers.

If you are looking for a jurisdiction not on our list, please contact us – we can probably help.

Bank account opening

How to get business banking?

We can help you with

Opening a business bank account for an offshore or low-tax company can be frustrating and is more complicated than opening a retail bank account locally.

We offer introductions to either a reputable bank or a digital wallet (e-wallet)  for clients establishing their company with us.

We can also help you establish an online payment processor for your e-commerce and consultancy businesses. Please see our e-commerce section.

Traditional Banks 

Please do not expect offshore banking to be as cheap as a local bank. Commercial banks offer a full range of services, including trade financing, debit cards and often an international network. However, they do prefer to ‘know their customer’, usually through a personal visit to the bank, which is often not practical. It should also be noted that the business model for banks specialising in ‘remote opening’ is very different to that of a retail bank. Offshore banks generally do not lend (unlike retail banks) and are financed by their fees.

Digital wallets / E-Wallets

A newer alternative to a traditional bank is an e-wallet, which is generally faster to set up. E-Wallets are also generally much cheaper or even free in some cases to operate.

These ‘digital banks’ offer banking services such as transfers in, out and between accounts. They also often provide additional services at low cost, e.g. debit cards.

buy online by laptop

How to set up a website & e-commerce business?

Website and card processing

We can help you with

When you’ve set your company up and decided on your business banking relationship; you will need a domain, a website and probably payment processing.

Domain registration

This is, in principle, the same as setting up your company, and the domain allocated to your ownership. Please see our ‘Advanced Plan’ option.

Website design

This is often easier said than done. However, there are ‘website builder’ applications that can make things easier. Alternatively, you can build an à la carte website. We can assist with this.

Payment processing

There are two common variants:

1. Pay-by-link

A  payment link is attached to an invoice (fixed amount), and sent to your client by email. Your client then will be able to pay, using the link, with a credit card. This may be best for consultants and trading companies.

2. Shopping cart

A payment page on your website lets customers combine their purchases into a shopping cart and pay with their credit card.

We can help you to set up the solution one for your business website.

Accounting and bookkeeping

How to sort out your accounting?

Accounting and bookkeeping

We can help you with

We’ve left the ‘best ’till last’, as people usually leave their bookkeeping and accounting until last.

Almost all jurisdictions require you to keep books of accounts. This is not enforced very much in pure IBCs, although the requirement remains.

However, low tax jurisdictions require proper accounts to be kept, by which we mean records of all transactions and, from those, a profit and loss account and a balance sheet generated.

Fortunately, many low-cost and even free accounting packages are available. Most are online, and in almost all cases, you can find somebody to finish accounts for you from the core information. Increasingly, company registries and tax departments require online submission. Again, it is not hard to find somebody to do this, and we can assist with preparing and submitting accounts as needed.