AU Corporate incorporates an Indian subsidiary for a Singapore company for USD 750 to 1,000 all-inclusive with INR 10 lakh share capital, covering the Indian government fees and our professional fees through to FC-GPR. The Singapore side is light: an ACRA business profile, notarisation by a Singapore notary public, and an apostille from the Singapore Academy of Law, which issues it electronically. Funding in Singapore dollars is quick, with no exchange controls. Founder-led Singapore companies often save the cost of a professional resident director, but need to check India's overseas investment rules if founders are Indian residents.
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Key facts
| AU Corporate setup fee | USD 750 to 1,000 all-inclusive, for INR 10 lakh share capital |
|---|---|
| Company record | ACRA business profile from Bizfile |
| Notary | A Singapore notary public |
| Apostille | Singapore Academy of Law, issued as an eApostille |
| Apostille Convention | In force for Singapore since 16 September 2021 |
| Funding | SGD or USD remitted with no Singapore exchange controls |
| Dividends home | Foreign-sourced dividends can be exempt in Singapore when the conditions are met |
| Running costs | Quoted separately as a fixed monthly or annual package |
The setup price
Our price is USD 750 to 1,000 all-inclusive for INR 10 lakh share capital, fixed in writing before we start. It covers Indian government fees and our work on the FDI check, digital signatures and DINs, name approval, SPICe+ incorporation with PAN and TAN, bank account support, the share issue and FC-GPR. Larger capital, or a state with higher stamp duty, increases the government component.
Singapore document costs
| Step | Provider | Cost note |
|---|---|---|
| Business profile of the Singapore company | ACRA, through Bizfile | A small fee per profile |
| Constitution and board resolution | Company secretary or our draft | Internal time |
| Notarisation | A Singapore notary public | Charged per document by the notary |
| Apostille | Singapore Academy of Law | A fee per document; issued electronically as an eApostille |
| Delivery to India | Email for eApostilles, courier for any originals | Low |
Before Singapore joined the Apostille Convention in September 2021, documents needed legalisation through the Indian High Commission as well. The apostille removed that step, and the electronic eApostille removes most courier time and cost. Confirm with us that the Indian bank will accept the electronic version for your document set.
Funding from Singapore
- Capital is remitted in Singapore dollars or US dollars to the Indian company's bank account and converted into rupees; Singapore imposes no exchange controls on outward investment.
- Ask the Singapore bank to quote its exchange rate for larger amounts, since the margin usually costs more than the transfer fee.
- The Indian bank issues a foreign inward remittance certificate and KYC on the Singapore remitter, which the FC-GPR filing needs.
- Shares must be allotted within 60 days of receiving the money, at or above fair value.
Founder-led companies: what changes the cost
Many Singapore companies investing in India are founder-led, and the founders are often Indian citizens or people of Indian origin. That affects the budget in three ways:
| Situation | Cost effect |
|---|---|
| A founder lives in India for 182 days or more in the financial year | Can act as the resident director, so no professional resident director fee |
| Founders are resident in India and own the Singapore company | India's overseas investment rules apply to their holding, and an investment back into India through Singapore needs checking for round-tripping; budget for advice before incorporation |
| An ultimate owner is a resident or citizen of a country bordering India | Press Note 3 government approval is needed, which adds time and cost |
We check the ownership chain at the start, so these points are priced into the quote rather than discovered later.
Ongoing costs in India
After incorporation, the subsidiary needs bookkeeping, GST and TDS returns, payroll once it hires, an annual statutory audit, the income tax return, Form 48 for dealings with the Singapore parent, the FLA return and annual ROC filings. Singapore companies often choose a 31 December or 31 March year end; if the parent's year differs from India's 31 March, the Indian team prepares an extra reporting pack. We quote all of this as a fixed package.
Costs for the Singapore parent
- Dividends: foreign-sourced dividends received in Singapore can be exempt from tax when the profits were subject to tax abroad at a headline rate of at least 15%, which Indian corporate tax meets.
- GST on Indian services: Singapore's reverse charge on imported services applies only where the Singapore recipient cannot claim full input tax, so most trading groups are unaffected.
- Transfer pricing: Singapore transfer pricing documentation should match the Indian Form 48 for the same transactions.
- Treaty access: the India-Singapore tax treaty's limitation of benefits rules expect the Singapore company to have real operations; see the India-Singapore DTAA.
Before you ask for a quote
- Who owns the Singapore company, and where do they live?
- Will any director spend 182 days or more in India?
- How much capital will the subsidiary need in its first year?
- Which Indian state will the registered office be in?
- Will the subsidiary deal with the Singapore parent, and how?
How AU Corporate handles this
AU Corporate quotes a fixed all-inclusive price for the Indian incorporation, checks founder and ownership questions up front, and can run the subsidiary's accounting, tax, payroll and ROC compliance afterwards.
Related services: India subsidiary registration and FEMA and RBI compliance.
Frequently asked questions
How much does a Singapore company pay to set up an Indian subsidiary?
With AU Corporate, USD 750 to 1,000 all-inclusive for INR 10 lakh share capital, plus small Singapore notary and apostille costs.
Who issues apostilles in Singapore?
The Singapore Academy of Law, which issues them electronically as eApostilles.
Can a founder be the resident director?
Yes, if the founder stays in India for 182 days or more in the financial year.
What if the founders are resident in India?
India's overseas investment rules apply to their Singapore holding, and investing back into India through Singapore must be checked for round-tripping before incorporation.
Are dividends from the Indian subsidiary taxed in Singapore?
They can be exempt as foreign-sourced dividends when the conditions, including a headline tax rate of at least 15% abroad, are met.
Are running costs included?
No. They are quoted separately as a fixed package.
Related guides
How Long It Takes from Singapore
The timeline from documents to FC-GPR.
Read the guide →Documents and Apostille
ACRA records and the SAL apostille.
Read the guide →Singapore Holdco for India
Using Singapore to hold the Indian company.
Read the guide →Funding and FEMA
Capital from Singapore and its reporting.
Read the guide →Sources
Last updated 3 November 2026. General information only, not legal or tax advice. Indian rules change often; confirm current requirements before acting.