We set up SPV for you and handle it till strike-off
We register a Special Purpose Vehicle, keep it compliant through the years, distribute dividends, and process redemption without any fuss
- FA20170653
- Xero Platinum Partner
- Our accountants are certified by ISCA
- License No. 19S9930
- Pioneers of Cloud Community Network
We cover all stages for your Special Purpose Vehicle
Year 1
SPV formation
We incorporate the SPV, onboard all shareholders, and issue shares
Year 2-x
Being Dormant
We submit yearly reports requested by Singapore government: nil tax returns, and annual filings
Year X
SPV Redemption
Once investing company is sold, we distribute dividends to shareholders and strike off the SPV
SPV formation
1
Fast onboarding
No need to deal with paperwork or spend hours: we’ll process KYC online, prepare all documents, and send for e-signatures.
2
Cap table clear & visible
You always see shares issued and assigned to shareholders, including their type and currency
3
Free Aspire account
No need to spend money on opening an account — we can set you up with our neobank partner Aspire. They open buisness accounts fast and for free.
Year 1
Being Dormant
1
Are you actually dormant?
Singapore government has a very strict definition for that: the company generates no income, has no expenses except statutory ones, isn’t listed, and has under S$500,000 assets. Usually SPVs qualify.
2
3 reports you need to submit
- Tax return, even if it’s a nil one
- Annual filings prepared by Corporate Secretary. You don’t have to hold the Annual General meeting though.
- Management reports, including Balance sheet and P&L — even if you have no transactions
3
I thought Dormant meant no reports at all!
Not quite, unfortunately. Being Dormant allows you to submit simpler and fewer reports. It also makes our services 40% cheaper than even the smallest operational companies.
Year 2-x
SPV Redemption
1
Dividends distribution
Once your investment company has been sold, we distribute dividends among shareholders
2
Striking off
We prepare all the paperwork including zeroised accounts and tax clearance and close your company legally
Year X
How does having an SPV
work with East river
Tailored for SPV
We worked with investors, and we know that regular packages don’t make much sense for setting up an SPV. So we created a service designed just for that.
No-tricks pricing
We know this is a tool to achieving your goal and servicing it shouldn’t cost extra. Our prices cover your needs and nothing else.
No wasting your time
We won’t bug you with questions or sales pitches. After registration and up to strike-off we’ll only send annual reports for you to e-sign.
What is a Special Purpose Vehicle (SPV)?
An SPV is a Special Purpose Vehicle, also called Special Purpose Entity or SPE. It is a subsiduary company created solely to protect investors’ financial interests. For example, you and other investors decide to support a promising startup. You create an SPV which becomes an investor in the the startup. If the startup goes bankrupt, you are protected from the financial risks. If the startup succeeds, you sell your share, distribute dividends among the investors, and close the SPV.
Let’s talk money
Our packages are adjusted to your redemption expectations. Pick a 5-year plan and cover the cost upfront, or devide the expense into yearly contributions
Here’s what our customers say
I found East river on Friday and on Monday morning everything was ready. It was fantastic!
John Lim Artac Pte. Ltd.
Everyone is super responsive and nice, and the price is 10 times less than their competitor’s offer!
Ivan Zeljkovic Evans Media Pte. Ltd.
I manage my own two companies via the platform. I've been very satisfied and recommend East river to all my friends.
Vlad Shchelkunov BTTR holdings Pte. Ltd.
I love the app, it's so easy to use and means I can talk to them at any time, day or night (often night when you have babies!)
Harriette Foulkes-Arnold We are Contented Pte. Ltd.
I ended up signing my documents while I was on the metro! It is impressive how fast and responsive they are!
Randeep Sudan Multivertz Pte. Ltd.
Q&A
How to Set Up an Spv in Singapore?
To set up an SPV in Singapore, decide if the Special Purpose Vehicle is right for your business structure. Then, you can incorporate it as a Private Limited Company by registering your company with a corporate service provider or doing it on your own with ACRA. Next, you can create a company constitution, stating the company’s regulations, purpose, business structure, functions and specifics.
How Does an SPV Work?
An SPV is a separate legal entity created by your parent company. It has its own assets, liabilities and balance sheets that are not linked to the parent company. When you create an SPV, it works as any normal company would. A Special Purpose Vehicle allows your company to go into higher-risk projects such as investments, certain business transactions, separate projects, mergers, acquisitions and more.
What Is an SPV Company?
An SPV is an investment structure that is a subsidiary of the company that created it. This means, its financial activities are reported on a separate balance sheet, and is financially independent of the parent company. Essentially, each investment structured as an SPV is its own private limited company.
Why Is an SPV Created?
An SPV may be created for risk sharing, securitization, asset transfer or property sales. In risk sharing purposes, companies can legally isolate the risks of a project, and then share this risk with other investors. Securitization is the financial practice of pooling various types of contractual debt like auto loans, commercial mortgages, residential mortgages, or credit card debt obligations and selling these debt as bonds, pass-through securities, or Collateralized mortgage obligation (CMOs), to various investors. For asset transfer, a company can create an SPV to own the assets and sell the SPV as part of a merger and acquisition process when they want to transfer the asset. For the purpose of property sale, should the taxes on property sales be higher than the capital gain realized from the sale, a company may create an SPV that will own the properties for sale. It can then sell the SPV instead of the properties and pay tax on the capital gain from the sale instead of having to pay the property sales tax.
What Is the Role of SPV in Securitization?
Securitization is the financial practice of pooling various types of contractual debt like auto loans, commercial mortgages, residential mortgages, or credit card debt obligations and selling these debt as bonds to various investors. SPVs are the key characteristic of a securitisation and are commonly used to securitize loans and other receivables.
How to Use SPV to Finance a Project?
A SPV can also be created to finance, for example a venture. By financing a project through forming an SPV, the debt burden of the parent company will not increase. This allows investors to invest in specific projects without investing in the parent company. This is usually used in the financing of large infrastructure projects.
How Are SPVs Used in Singapore?
In Singapore, an SPV provides an avenue for investors to put money into and receive equity from companies. Investors can create a vehicle through which a considerable amount of money can be collected and invested in a startup. Using the same Special Purpose Vehicle, the parent company will deal with one company instead of multiple private investors.Through Special Purpose Vehicles, startups can attract more investors.
