what's the cost of having a small company in singapore

[sunweaver]

I am preparing to setup a new company (a very small one) but as i've never had a company before, i need to know what kind of expenses i need to have for initial setup and yearly.

Will appreciate if some can contribute.


Initial setup :
expenses cost
1. register company S$300-450.00
2. furniture S$500.00(table & chair only)
3. rental deposit depends (looking at $500/month will make it around 1500 - 2 months deposit + 1 month rental)


Yearly expenses
Expenses cost / year
1. office rental/electricty depends
2. secretary service S$600.00
3. audit/accounting S$1500.00
4. fix phone/fax S$600.00


Any other things i need to consider ?
I have already had my own notebook + handphone.

Thank you

[Strong Eagle]

What you have posted is 'overhead' or fixed expenses. These are things like phone, internet access, website, subscriptions, legal fees. Do a google search on 'chart of accounts' and you'll see lots of examples of fixed costs.

The thing you have left out in building a budget and a plan is 'cost of sales'... what does it cost you to provide the product that you want to sell at a profit (you hope).

For example, if you are thinking of buying products in China wholesale, packing and selling retail, your costs of sales might include: the wholesale product cost, the shipping cost from china, your inventory costs, package costs, storage costs, packing and shipping costs.

[sunweaver]

Thank's Strong Eagle.

I am dealing with software so theoratically, i do not have any 'cost of sales'.
I do have cost on my broadband/hp/server cost (i colocate my servers), but well, i am paying them out of my pocket at the moment (it's wrong i know, well anything is always blurred to programmer like me)

By the way, does anyone know whether i need to contribute cpf if i pay bonus to my sales staff ?

thank you

[ksl]

Thank's Strong Eagle.

I am dealing with software so theoratically, i do not have any 'cost of sales'.
I do have cost on my broadband/hp/server cost (i colocate my servers), but well, i am paying them out of my pocket at the moment (it's wrong i know, well anything is always blurred to programmer like me)

By the way, does anyone know whether i need to contribute cpf if i pay bonus to my sales staff ?

thank you

Even if you are a software programmer, you will have costs involved in marketing yourself, like advertising your services in a local paper, or even online in Singapore, nothing is free, so if you want to create awareness of yourself and your talent, you have costs involved even though you think not,,,,,

If you are to sell yourself, you will still have lots of cost involved, just sit down and plan the costs, so that you can maximise your selling features. Is it presentation of your work, is it seminars, who is your audience and your potential clients, how will you notify them you are available? Make a plan, a strategy and spread the cost over the full year,...you still have to work out a breakeven point, even without a tangible product.

So sit down and think about the costs involved getting yourself noticed in Singapore. You need to book all business expenditure (All Costs) not forgetting expenses for networking.

[jpatokal]

I am preparing to setup a new company (a very small one) but as i've never had a company before, i need to know what kind of expenses i need to have for initial setup and yearly.

Why pay rent for a "very small" company, which is presumably just you yourself? Work out of your own home until the business is successful and you need to expand. Or, if you need to get out to stop going crazy, look into coworking:

http://www.talentpreneurhub.com/yeh/ind ... &Itemid=55
http://www.geekterminal.com/web/