Sleek Review 2026: Singapore Company Formation Cost & Services Breakdown

✅ Sleek Is Right For

• First-time Singapore founders: navigate ACRA without a legal or accounting background, avoid compliance mistakes that create expensive fixes later, focus on product rather than paperwork
• Foreign entrepreneurs and non-residents: nominee director service (S$1,200/year — mandatory if all shareholders are non-resident), Singapore registered address, EntrePass/EP work pass support, remote incorporation without visiting Singapore
• Startups and SMEs without in-house finance: outsource accounting, bookkeeping, and tax filing entirely — monthly financial statements without hiring a full-time accountant, GST registration and filing support
• Venture-backed startups preparing for funding: clean financial records for due diligence, audit-ready financials via partner firms, cap table and ESOP support, investor-ready monthly reporting
• Businesses needing ongoing compliance management: automated AGM, ACRA filing, and tax deadline reminders — the compliance calendar most founders miss when running it manually

❌ Sleek Is Not Right For

• Large enterprises with in-house finance teams: Sleek is optimised for SMEs and startups (1–50 employees). Companies with 100+ employees and complex multi-entity structures are better served by Big Four firms (Deloitte, PwC, EY, KPMG)
• Complex multi-entity or cross-border structures: holding company structures, cross-border tax optimisation, transfer pricing, and multi-jurisdiction entities may need specialist tax advisory beyond Sleek’s scope
• Businesses with specialised industry compliance: MAS-regulated financial services, HSA healthcare licensing, IMDA telecoms compliance — these require specialist advisors beyond standard ACRA/IRAS corporate compliance
• High-volume transaction businesses on Essential plan: e-commerce or retail businesses with 100+ transactions/month need Growth plan (S$200/month) from day one — the Essential plan’s 100-transaction cap is binding
• Founders who want phone support at entry level: Essential plan is email-only (24–48 hour response). Phone support requires Pro plan (S$350/month)

Incorporation (One-Time)

S$547 total

Sleek fee S$232 + ACRA fees S$315

• Name reservation (S$15 ACRA fee)
• Company incorporation (S$300 ACRA fee)
• Standard constitution (M&AA)
• Company stamp
• Incorporation documents
• Registered office address (first year)
• Corporate secretary appointment
• Post-incorporation guidance

Ongoing Monthly Plans

Add-On Services

🏢 Area 1: Company Formation (Features 1–4)

Feature 1: Complete ACRA Incorporation (48-Hour Standard)

End-to-end: online consultation → name reservation (3 options submitted to ACRA) → constitution preparation → BizFile+ submission → incorporation certificate → post-incorporation setup. Includes name reservation (S$15), incorporation (S$300), standard M&AA, company stamp, incorporation documents, registered office address, corporate secretary appointment. Standard timeline 48 hours; express 24 hours (+S$100). All ACRA forms completed by Sleek — you review and e-sign.

Feature 2: Nominee Director (Non-Residents — S$1,200/year)

Singapore requires at least one director ordinarily resident in Singapore. Without a Singapore-resident co-founder or Employment Pass, foreign founders cannot incorporate without a nominee director. Sleek provides a licensed Singapore-resident nominee who signs statutory documents as required. Economic control and all decision-making remain fully with founders — the nominee holds the directorship by formal agreement only, with rigorous documentation to protect both parties. Enables complete remote incorporation for foreign founders.

Feature 3: Registered Office Address (Included)

Every Singapore company must maintain a registered office address (not P.O. Box). Sleek’s Singapore address used as registered office — ACRA-compliant, official mail received and forwarded/notified digitally. Using a residential address (especially HDB flats) can violate housing regulations and creates privacy issues on public ACRA records. Included in monthly package; sourced separately costs S$200–500/year from virtual office providers.

Feature 4: Corporate Bank Account Opening Support

Guidance on bank selection (DBS, OCBC, UOB, Citibank), document preparation for bank KYC applications, introduction to bank relationship managers where available. Sleek cannot guarantee approval — banks have independent KYC requirements — but their support improves success rates for first-time founders. For remote founders: neobanks (Airwallex, Aspire) often offer faster remote account opening. See: Airwallex vs Wise vs Payoneer →

📊 Area 2: Accounting & Bookkeeping (Features 5–7)

Feature 5: Monthly Bookkeeping and Financial Statements

You provide: bank statements (uploaded or bank-feed synced), sales invoices, purchase receipts, payroll information. Sleek delivers: transaction recording, bank reconciliation, invoice management, expense categorisation per Singapore standards, monthly P&L, Balance Sheet, and Cash Flow Statement by the 15th of the following month — accessible via Xero dashboard anytime. Essential plan: 100 transactions/month. Growth plan: unlimited. A part-time bookkeeper in Singapore costs S$800–1,500/month; Sleek’s Essential at S$120/month covers bookkeeping + secretary + tax filing.

Feature 6: Xero Integration (Industry-Standard Platform)

Sleek uses Xero as the underlying accounting platform. You receive Xero access: real-time financial data, invoice creation, expense claims, bank feed integration (DBS, OCBC, UOB automatic feeds), multi-currency support. The critical data portability advantage: if you ever outgrow Sleek or hire an in-house accountant, your complete financial history transfers to any Xero-using accountant — no migration cost, no data loss. Osome uses a proprietary platform where migration is more complex. For full Xero context: Xero vs QuickBooks vs FreshBooks →

Feature 7: Hubdoc Receipt Capture (Included)

Sleek includes Hubdoc (receipt and document management): mobile app photographs receipts and auto-uploads to Xero; email forwarding captures digital invoices; AI extracts invoice details (date, amount, vendor); complete searchable document storage with audit trail for IRAS. Practical example: photograph S$150 office supplies receipt → expense appears in Xero automatically, correctly categorised, included in monthly P&L. Zero manual data entry, no lost receipts. For a more advanced expense automation stack: Dext + Xero + Airwallex →

📋 Area 3: Tax Filing & Compliance (Features 8–10)

Feature 8: IRAS Tax Filing (Form C-S/C — Included All Plans)

Sleek’s licensed accountants prepare and file annual corporate tax returns: Form C-S (simplified, revenue <S$5M) or Form C (full). Includes tax computation, all eligible deductions and reliefs (R&D, productivity incentives, SUTE start-up exemption), IRAS correspondence, e-filing. Singapore rates 2026: 17% standard; SUTE: 75% exemption first S$100K, 50% on next S$100K for first 3 years (effective 4.25% on first S$100K). Deadline: 30 November. Sleek files on your behalf — no calendar management required.

Feature 9: GST Registration and Filing (Add-On)

Mandatory GST registration at S$1M annual taxable turnover (9% GST rate). Sleek handles: IRAS registration (S$200 one-time), quarterly GST F5 return preparation (S$100/quarter), input/output GST tracking, zero-rated/exempt/out-of-scope transaction guidance, IRAS correspondence. Voluntary registration possible below threshold — advantageous for import-heavy businesses claiming input GST credits. Proactive registration 3–6 months before the threshold gives time to implement tracking before the compliance requirement triggers.

Feature 10: Financial Statements Preparation (Included)

Annual financial statements per Singapore Financial Reporting Standards (SFRS): P&L, Balance Sheet, Cash Flow Statement, Notes to Accounts, Directors’ Report. Audit requirement threshold: any 2 of (revenue >S$10M, assets >S$10M, employees >50). Most SMEs qualify for the small company audit exemption. Sleek prepares audit-exempt financial statements; when audit is required, Sleek coordinates with partner audit firms (cost: S$3,000–8,000 via partners, separate from Sleek fees).

⚖️ Area 4: Corporate Secretarial (Features 11–13)

Feature 11: Corporate Secretary Appointment (Mandatory — Included All Plans)

Singapore law requires every company to appoint a qualified corporate secretary within 6 months of incorporation — failure is a compliance offence. Most first-time founders discover this requirement only when ACRA sends a warning. Sleek’s ACRA-licensed corporate secretary covers: maintaining statutory registers (directors, shareholders, charges), ACRA annual returns, AGM preparation and minutes, ACRA filing compliance (director/address/share capital changes). Included in all Sleek monthly plans from Day 1 — this alone is worth S$600–1,500/year if sourced separately.

Feature 12: AGM Preparation and Filing (Included)

Singapore companies must hold an AGM within 18 months of incorporation, then annually. Missing the first AGM is one of the most common compliance failures for first-time founders — late filing incurs penalties. Sleek sends automated AGM reminders, prepares AGM agenda and notice, drafts resolutions for approval, prepares minutes, and files ACRA AGM returns. Zero calendar management required — Sleek tracks the deadline and initiates the process proactively.

Feature 13: All ACRA Filings Throughout Company Lifecycle

Sleek handles the full range of ongoing ACRA filings: annual returns (Form 20), change of director/secretary (Form 45), change of registered office (Form 16), share allotments (Form 21), share transfers (Form 43), share capital increases (Form 48), annual shareholding returns. Clients receive notifications when changes need filing. One-off restructuring events (share transfers S$150–300, capital increases S$200–400, director changes S$100–200) priced transparently as add-ons.

Sleek vs DIY (ACRA BizFile+)

Verdict: Sleek is comparable or cheaper than DIY + necessary hires, plus saves 15–25 hours of founder time and eliminates compliance risk from missed deadlines.

Sleek vs Osome

Choose Sleek if: Xero data portability matters, or you prefer Singapore-focused local service. Choose Osome if: lower entry price is the primary driver and proprietary platform is acceptable. Full comparison: Sleek vs Osome →

Sleek vs Traditional Firm (3E Accounting)

Choose Sleek: 50–70% lower cost, real-time Xero dashboard, automated compliance. Choose traditional firm: complex tax structures, high-touch advisory, phone access worth the 2–3× premium.

✅ Sleek Strengths

• Complete incorporation + ongoing services in one package — no need to source registered address, secretary, and accountant separately
• 50–70% lower cost than traditional firms — S$120/month vs. S$200–400/month for equivalent services
• Xero platform — industry standard, data portable if you ever switch accountants (major advantage over proprietary platforms)
• Real-time financial visibility — Xero dashboard accessible anytime, no waiting for email reports
• Automated compliance calendar — AGM, ACRA filings, tax deadlines all tracked and handled proactively
• Nominee director service — enables remote incorporation for foreign founders at S$1,200/year
• 48-hour incorporation — vs. 2–3 weeks navigating BizFile+ as a first-time founder
• Work pass application support — EntrePass and EP document preparation, improves application quality
• Transparent fixed pricing — no surprise billing, no annual retainer contracts, month-to-month

❌ Sleek Limitations

• 100-transaction cap on Essential plan — e-commerce, retail, and high-volume businesses exceed this quickly. Overage fees S$1–2/transaction. Solution: start on Growth (S$200/month, unlimited).
• Email-only support on Essential plan — 24–48 hour response time. Phone support requires Pro plan (S$350/month). Not suitable for founders who need immediate phone access.
• Limited to standard Pte Ltd structures — complex holding company structures, cross-border tax optimisation, and multi-entity consolidation require specialist advisors beyond Sleek’s scope
• No in-house audit — refers to partner firms (S$3,000–8,000 additional). Sleek manages coordination but adds a third-party relationship when audit is required
• Work pass approval not guaranteed — Sleek prepares applications; MOM approval depends on business plan, qualifications, and funding. EntrePass approval rate ~30–40%
• Less hand-holding than boutique firms — digital-first service best for self-sufficient founders. Founders wanting weekly advisory calls should consider traditional firms

Use Case 1: Solo Tech Founder, Singapore PR

Profile: Pre-revenue SaaS startup, no accounting background, wants to focus on product.

Setup: Incorporation S$547 + Essential S$120/month = S$1,987 Year 1.

Results: Company incorporated in 48 hours. Monthly financials delivered by 15th. IRAS tax filing with SUTE exemption claimed. AGM reminder at 18 months, Sleek handled filing. Zero missed deadlines.

Use Case 2: Malaysian Founder, Non-Resident, E-Commerce

Profile: Non-resident founder, Shopify e-commerce, S$500K projected Year 1 revenue, needs nominee director and EntrePass.

Setup: Incorporation S$547 + Nominee S$1,200 + Growth S$200/mo (unlimited transactions for e-commerce) + EntrePass S$1,200 = S$5,347 Year 1.

Results: Incorporated remotely (never visited Singapore). Nominee director provided. EntrePass approved (6 weeks). Shopify integration handles e-commerce transaction volume. GST registration completed at S$1M threshold.

Use Case 3: Series A Startup, 15 Employees, S$3M Revenue

Profile: GST-registered, raised funding, needs investor-ready financials and audit for institutional investors.

Setup: Pro S$350/mo (S$4,200/year) + GST filing S$400 + partner audit S$5,000 = S$9,600 Year 1.

Results: Monthly board-ready financials. Quarterly management reports (burn rate, runway, revenue trends). Clean due diligence records. Zero GST compliance issues. Audit completed smoothly — Sleek-prepared financials required minimal auditor rework.

Can I incorporate remotely without visiting Singapore?

Yes. Sleek handles fully remote incorporation via digital KYC, e-signature, and nominee director service. You do not need to visit Singapore for the incorporation process itself. Caveats: some banks (DBS, OCBC, UOB) may require in-person account opening — neobanks like Airwallex or Aspire offer remote opening for Singapore-incorporated companies. Work pass applications (EntrePass, EP) may also require in-person components. See: Airwallex vs Wise vs Payoneer →

What’s the difference between Essential, Growth, and Pro?

Essential (S$120/mo): 100 transactions/month, email support — best for solo founders and low-volume businesses. Growth (S$200/mo): unlimited transactions, payroll up to 5 employees, tax advisory, priority support — best when volume grows or staff are added. Pro (S$350/mo): unlimited everything, quarterly management reports, dedicated account manager, strategic tax planning — best for scaling startups with investor reporting requirements. Most founders start Essential and upgrade to Growth when transaction volume or payroll is added.

Does Sleek guarantee EntrePass or Employment Pass approval?

No. Sleek prepares applications and supporting documentation for MOM submission, but approval is entirely at MOM’s discretion based on your business plan, qualifications, and funding. EntrePass approval rates are approximately 30–40%; Employment Pass rates are higher (60–70%) for candidates meeting salary and qualification thresholds (minimum S$5,000/month). Sleek’s preparation improves application quality but cannot substitute for MOM’s evaluation. Complex immigration cases may require a specialist immigration consultant beyond Sleek’s scope.

What happens if I exceed 100 transactions/month on Essential?

Sleek charges overage fees (typically S$1–2 per additional transaction) or recommends upgrading to Growth (unlimited transactions, S$200/month). For context: 100 transactions ≈ 25 sales invoices + 75 expense receipts per month — a reasonable volume for a service business but constraining for e-commerce or retail with many small transactions. If you expect high transaction volume from Day 1, start on Growth to avoid overage charges and mid-period plan changes.

Can I switch from Sleek to another accountant later?

Yes — and this is one of Sleek’s material advantages. Because Sleek uses Xero (industry-standard platform), your complete financial history is portable: grant a new accountant access to your Xero file, revoke Sleek’s access, and continuity is seamless. Compare to Osome’s proprietary platform where data export and migration are more complex. No lock-in, no migration cost if you switch to any Xero-using accountant. Month-to-month billing (no annual retainer) means you can also pause or cancel without penalty.

Does Sleek handle Singapore payroll (CPF, SDL, IR8A)?

Yes, on Growth plan (S$200/month) and above. Sleek handles: CPF employer (17%) and employee (20%) contributions for under-55 staff, SDL (Skills Development Levy at 0.25% of gross wages), FWL (Foreign Worker Levy) if applicable, payslip generation, CPF Board submission, IR8A preparation for IRAS annual filing. Up to 5 employees on Growth, unlimited on Pro. For global payroll needs (overseas employees and contractors): Global Payroll Software 2026 →

Week 1: Incorporation

Days 1–2: Initial Setup

• Complete Sleek’s online incorporation form
• Provide: proposed company name (3 options), director/shareholder details, business activity description
• Upload: Passport/ID, proof of address
• Consultation call: company structure, share capital, director appointments

Days 3–5: ACRA Submission

• Sleek reserves company name (S$15 ACRA fee)
• Sleek prepares constitution and incorporation documents
• You review and e-sign
• Sleek submits BizFile+ application

Days 6–7: Incorporation Complete

• ACRA issues incorporation certificate
• Receive: certificate, business profile, company stamp
• Registered address confirmed, corporate secretary appointed

Weeks 2–4: Post-Incorporation Setup

Banking

• Sleek provides bank account opening guidance
• Prepare: business plan, incorporation docs, ID
• Submit bank application (DBS, OCBC, UOB, or neobank)
• Bank approval: 2–4 weeks (traditional); days (Airwallex/Aspire)

Xero Access

• Sleek sets up Xero account
• Connect bank account to Xero (once approved)
• Install Hubdoc mobile app for receipt capture

Initial Bookkeeping

• Upload any pre-incorporation expenses (reimbursable)
• Confirm expense categories with Sleek
• Set up chart of accounts for your business type

Month 2+ Onwards: Steady-State Operations

Your monthly routine (2–4 hours)

• Upload invoices and receipts to Hubdoc (or photograph via app)
• Bank transactions sync automatically to Xero
• Sleek reconciles and produces P&L, Balance Sheet by 15th
• Review monthly financial statements in Xero dashboard

Sleek handles automatically

• IRAS tax filing (November deadline)
• AGM preparation and filing (18-month mark, then annual)
• ACRA annual return
• All compliance deadline reminders
• GST F5 quarterly filing (if registered)

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