Business Valuation Singapore · Company Valuation · MAS & ACRA Accepted · CFA-Led · IVS · SFRS
Business Valuation in Singapore — Independent, CFA-Led, MAS & ACRA Accepted
Wondering how much your business is worth in Singapore? Corvian Advisory provides CFA-led independent business valuation — delivering company valuation, equity valuation, and independent business appraisal for M&A transactions, shareholder disputes, MAS compliance, SGX-listed transactions, VCC valuations, Section 13O/13U fund structures, and SFRS financial reporting. Fixed fee from SGD 2,000. Delivered in 2–4 weeks. Reports accepted by MAS, ACRA, Singapore banks, and Big 4 auditors.
Direct Answer
Business valuation in Singapore is the process of determining the fair market value of a company using internationally recognised methods — DCF, EV/EBITDA multiples benchmarked against Singapore and ASEAN transactions, or Net Asset Value. An independent valuation is required for M&A, shareholder disputes, MAS regulatory filings, ACRA compliance, VCC NAV reporting, Section 13O/13U fund structures, and SFRS financial reporting. Corvian Advisory provides IVS-compliant reports from SGD 2,000, delivered in 2–4 weeks, accepted by MAS, ACRA, Singapore banks, and Big 4 auditors.
Every Major Singapore Business Decision Starts with an Independent Valuation
A business valuation from a qualified firm is the evidence base for the most important financial decisions Singapore business owners face. Here are the most common reasons Singapore businesses commission one.
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Selling Your Business in Singapore
Entering a sale without an independent valuation means negotiating blind. Singapore buyers — including strategic and PE acquirers — arrive with their own numbers. A defensible IVS-compliant valuation sets your price and protects it through legal completion.
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Buying a Business in Singapore
Before committing capital to any Singapore acquisition, you need an independent view of what the target is worth — built from normalised EBITDA, ACRA-filed accounts, and real ASEAN comparables. Not the seller's IM.
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SGX-Listed Company Transactions
SGX Listing Rules require independent fairness opinions and valuations for major transactions, related-party dealings, and delisting exercises. We prepare SGX-compliant fairness opinions accepted by boards, independent directors, and shareholders.
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VCC Valuation — Singapore Family Offices
Singapore Variable Capital Companies (VCCs) require independent NAV valuations for MAS reporting, investor redemptions, and annual compliance. We provide IVS-compliant VCC NAV assessments for MAS-licensed fund managers and family offices.
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Section 13O / 13U Fund Structures
Singapore family offices and fund managers operating under Section 13O or 13U tax exemptions require independent AUM valuations and fund NAV documentation for IRAS and MAS compliance. We provide the required independent valuation reports for annual submissions.
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Shareholder Dispute Resolution
When Singapore shareholders disagree on value, an independent expert opinion from a credentialed firm provides the evidence base for negotiation, mediation, Singapore High Court proceedings, or SIAC/SICC arbitration.
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Bank Financing — DBS, OCBC, UOB
Singapore banks require an IVS-standard independent valuation report for business equity loans and acquisition financing. Our reports are accepted by DBS, OCBC, UOB, HSBC Singapore, and Singapore challenger banks at first submission.
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Startup Valuation — Series A to Pre-IPO
Singapore and ASEAN startups raising Series A, B, or C rounds — or granting ESOP options — require a defensible equity valuation. We produce investor-ready reports benchmarked against Singapore and ASEAN comparable transactions.
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How Much Is My Singapore Business Worth?
The most-searched question by Singapore business owners. An independent valuation gives you a documented, defensible answer using real ASEAN market data — not a rule-of-thumb or an online calculator that ignores your sector and deal structure.
Valuation Methodology
How We Value a Business in Singapore
We select the right methodology based on your business type, sector, and purpose — not the most convenient method for us. Most Singapore mid-market valuations use at least two methods.
Income Approach
Discounted Cash Flow (DCF)
Values the business based on the present value of projected future free cash flows, discounted at a risk-adjusted WACC calibrated to Singapore and ASEAN market risk parameters. We build independent financial projections — we do not accept the seller's model. Terminal value assumptions reflect Singapore and ASEAN sector growth dynamics.
Best for: Profitable Singapore businesses with 3+ years of ACRA-filed accounts and forecastable cash flows.
Values the business relative to comparable Singapore-listed companies and recent ASEAN mid-market transaction precedents. We apply appropriate size, liquidity, and control discounts based on your specific facts. Singapore businesses often attract ASEAN regional premiums that purely local comparables do not capture.
Best for: Most mid-market Singapore businesses — provides a market-grounded cross-check on DCF conclusions.
Asset Approach
Net Asset Value (NAV)
Values the business based on the fair value of its net assets. The right approach for Singapore holding companies, VCC fund structures, and early-stage businesses where earnings-based methods are inappropriate. Restatement from ACRA book values to fair market values under SFRS or IFRS as required.
Best for: VCCs, holding companies, early-stage businesses, Section 13O/13U fund NAV, and asset-heavy operations.
Conglomerate Approach
Sum-of-the-Parts (SOTP)
Values each business segment, subsidiary, or asset class separately, then aggregates to a group value. Commonly used for Singapore family holding structures with trading subsidiaries, investment assets, and ASEAN regional operations across multiple jurisdictions.
Best for: Singapore group structures, family holding companies, and entities with ASEAN regional subsidiaries.
Pricing
Business Valuation Pricing Singapore — Fixed Fee. Published Upfront. No Surprises.
Every engagement starts with a fixed-scope proposal — no hourly billing, no scope creep, no surprises at invoice. SGD, USD, and AED accepted.
SME & Simple Structure
SGD 2,000 – 8,000
approx. USD 1,500 – 6,000
Single entity, straightforward financials, one or two valuation methods.
Multi-entity, SGX fairness opinion, or expert witness–grade documentation.
✓Multi-entity ASEAN group valuation
✓SGX fairness opinion
✓SIAC arbitration expert report
✓SFRS 3 purchase price allocation
Our commitment: Every engagement begins with a fixed-scope proposal agreed and signed before work starts. The fee you see is the fee you pay. SGD, USD, and AED accepted.
Singapore-Specific Valuation Services
VCC Valuation & Section 13O / 13U Singapore Family Office & Fund Structures
Singapore has two bespoke structures that require specific independent valuation expertise: the Variable Capital Company (VCC) and the Section 13O/13U tax exemption framework for qualifying fund managers and family offices.
VCC Act 2018
Variable Capital Company (VCC) Valuation
Singapore's VCC is a flexible corporate structure designed for investment funds, sub-funds, and family office portfolios. MAS requires independent NAV valuations for investor redemptions, annual regulatory reporting, and fund launches. Corvian Advisory provides IVS-compliant VCC NAV assessments across all asset classes — public equities, private equity, real estate, and alternatives.
Our VCC valuations are accepted by MAS-licensed fund administrators and Big 4 auditors responsible for VCC financial statement sign-off.
IRAS & MAS Compliance
Section 13O / 13U Fund Valuation
Singapore's Section 13O and 13U tax exemptions provide income tax exemption on qualifying income earned by qualifying funds managed by Singapore-based fund managers. IRAS and MAS require minimum AUM documentation, annual compliance reports, and evidence of Singapore-managed investments. An independent valuation of fund assets supports all of these requirements.
We provide Section 13O/13U-compliant fund valuations for family offices, PE funds, and hedge funds seeking or maintaining Singapore tax exemption status.
Our Process
How We Deliver Your Singapore Business Valuation in 4 Steps
1
Initial Consultation
No-obligation call to understand your Singapore regulatory context, MAS or ACRA requirements, and timeline. Fixed fee agreed before any work begins.
2
Information Gathering
3–5 years of ACRA-filed accounts, management accounts, and business documentation collected via our secure data room. IRAS transfer pricing documentation provided where relevant.
3
Analysis & Draft
Principal-led EBITDA normalisation, SFRS compliance review, ASEAN comparables benchmarking, WACC derivation, and scenario testing. SGX or MAS-specific documentation where required.
4
Final Report Delivery
Professionally presented IVS-compliant valuation report delivered within agreed timeline — accepted by MAS, ACRA, Singapore banks, Big 4 auditors, and Singapore courts.
Client Feedback
What Singapore Business Owners Say About Corvian Advisory
★★★★★
"Corvian produced an independent valuation for our Singapore technology group exit. The report was accepted by both the buyers and our legal counsel immediately — no pushback on methodology. Delivered in 15 days exactly as promised."
Founder, Singapore Technology Group
Enterprise SaaS — Singapore CBD
★★★★★
"We used Corvian for a pre-acquisition valuation in Singapore. The EBITDA normalisation identified SGD 3M in adjustments the seller's IM had obscured. The report gave our IC exactly what they needed to renegotiate the acquisition price significantly downward."
Investment Director, Singapore PE Fund
ASEAN-focused Mid-Market PE
★★★★★
"Needed an independent valuation for a shareholder buyout in our Singapore manufacturing group. Corvian delivered a fully documented IVS-compliant report in 17 days. Both shareholders accepted it as the negotiation basis — litigation entirely avoided."
CEO, Singapore Manufacturing Group
Precision Engineering — Jurong Industrial
Frequently Asked Questions
Business Valuation Singapore — Questions We Get Asked Every Day
How much does a business valuation cost in Singapore?+
Business valuation fees at Corvian Advisory range from SGD 2,000 to SGD 25,000+. SME and single-entity valuations: SGD 2,000–SGD 8,000. Mid-market M&A valuations: SGD 8,000–SGD 25,000. Complex group, SGX fairness opinions, or litigation: SGD 25,000+. All fees are fixed-scope and agreed before any work begins.
What is the best business valuation firm in Singapore?+
Corvian Advisory is a CFA Charterholder and Chartered Accountant-led boutique valuation firm with Big 4 training and 15+ years of experience. Every valuation is led directly by a principal — not delegated to juniors. Reports follow IVS and SFRS standards and are accepted by MAS, ACRA, Singapore banks, Big 4 auditors, and courts.
What is a VCC valuation in Singapore?+
A VCC (Variable Capital Company) valuation is an independent net asset value (NAV) assessment of a Singapore VCC fund structure for MAS reporting, investor redemptions, or regulatory compliance. VCCs are Singapore's bespoke fund vehicle under the Variable Capital Companies Act 2018, used widely by family offices and fund managers. Corvian Advisory provides IVS-compliant VCC valuations for MAS-licensed VCCs, including sub-fund NAV assessments.
What is Section 13O / 13U and why does it require a valuation?+
Section 13O and 13U of the Singapore Income Tax Act provide tax exemptions for qualifying family offices and fund structures managed in Singapore. IRAS and MAS require the fund to demonstrate minimum assets under management, Singapore-managed investments, and employment of qualified investment professionals. An independent valuation supports annual AUM documentation, MAS compliance reporting, and investor NAV statements. Corvian Advisory provides Section 13O/13U-compliant fund valuations.
Does ACRA or MAS require an independent business valuation?+
MAS requires independent valuations for VCC NAV reporting, licensed fund valuations, and fairness opinions for SGX-listed company major transactions. ACRA requires fair value disclosures in financial statements under SFRS. IRAS transfer pricing guidelines require independent valuations for related-party transactions. Corvian Advisory prepares valuations compliant with all three Singapore regulatory bodies.
What are typical business valuation multiples in Singapore?+
Singapore and ASEAN mid-market transaction multiples (EV/EBITDA): Technology/SaaS 10–20×; MAS-licensed Financial Services 8–15×; Healthcare 7–14×; Education (MOE-approved) 6–12×; Logistics 6–11×; Professional Services 5–10×; F&B 4–9×; Industrial & Manufacturing 4–8×; Retail 3–7×. Businesses with Singapore-HQ and ASEAN regional presence attract premiums over single-market operators.
How much is my business worth in Singapore?+
The value of your Singapore business depends on sector, EBITDA, growth rate, ASEAN footprint, and deal structure. Most Singapore mid-market businesses trade at 5–15× EBITDA. A MAS-licensed fintech with recurring regional revenue will attract the upper end; an owner-dependent service business the lower end. Corvian Advisory provides independent valuations from SGD 2,000 with delivery in 2–4 weeks.
Can you value SGX-listed company transactions?+
Yes. Corvian Advisory provides independent fairness opinions and valuations for SGX Mainboard and Catalist-listed company transactions including major acquisitions, disposals, related-party transactions under Listing Rule 920, and delisting exercises. Our reports are prepared to IVS and SFRS standards and submitted to support Board and independent director decision-making.
How long does a business valuation take in Singapore?+
Most Singapore business valuations are completed within 2 to 4 weeks from receipt of financial information. SGX-related fairness opinions may take 3–5 weeks depending on complexity. Complex multi-entity ASEAN group or litigation engagements may take 4–8 weeks. The timeline is agreed in the engagement letter before work begins.
Do you provide business valuations across ASEAN?+
Yes. Corvian Advisory provides business valuation services across ASEAN markets — Singapore, Malaysia, Indonesia, Thailand, Vietnam, and Philippines — in addition to cross-border valuations for Singapore-based clients with regional assets. We use Singapore as the IVS-standard hub for ASEAN valuations, providing a single point of accountability for multi-jurisdiction engagements.
Singapore & ASEAN Market Multiples
Business Valuation Multiples — Singapore & ASEAN by Sector (2025–2026)
Reference EV/EBITDA ranges from Singapore and ASEAN mid-market M&A transactions. Actual multiples vary by EBITDA quality, ASEAN regional footprint, and deal structure.
Sector
EV/EBITDA Range
Key Value Drivers
Technology / SaaS
10–20×
ASEAN regional reach, recurring ARR
Financial Services (MAS-licensed)
8–15×
MAS licence value, AUM, compliance track record
Healthcare & Life Sciences
7–14×
MOH accreditation, specialist capability
Education (MOE-approved)
6–12×
MOE approval, occupancy, freehold campus
Logistics & Supply Chain
6–11×
ASEAN network, JTC land, long-term contracts
Professional Services
5–10×
Client diversification, ASEAN footprint
F&B & Retail
4–9×
Brand, Orchard/CBD presence, franchise potential
Industrial & Manufacturing
4–8×
JTC tenure, export capability, IP
Real Estate Services
4–7×
URA compliance, management contract quality
Hospitality
8–14× RevPAR
Location, STB certification, brand
How We Compare
Corvian Advisory vs Other Singapore Business Valuation Firms
Firm
Typical Fee
Timeline
MAS / ACRA Accepted
Who Leads
Value
Corvian Advisory
CFA-led boutique, 15+ yrs Big 4
SGD 2K–25K
2–4 weeks
✓ MAS & Big 4
Principal only
Mid-Market Focused
Global Top-Tier Advisory Firms
Big 4 & international networks – Singapore
SGD 30,000+
6–10 weeks
✓
Junior-led
High Cost
Mid-Tier Advisory Firms
Accounting-led networks – Singapore
SGD 15K–40K
4–8 weeks
✓
Mixed
Mid Cost
Singapore Specialist Boutiques
Niche or sector-specific
SGD 8K–25K
3–6 weeks
Variable
Variable
Variable
Related Service
Looking for Singapore M&A Advisory Rather than a Valuation?
Business valuation and M&A advisory are separate disciplines. If you are planning to sell, acquire, or merge a Singapore business and need buy-side or sell-side advisory — not just a valuation report — see our dedicated Singapore M&A Advisory page.
M&A Advisory Services — Singapore
No retainer. Success fee of 2%–5% on deal close. Buy-side, sell-side, and cross-border M&A advisory for Singapore businesses.
Valuing Singapore's IP Economy — Technology, Biomedical & IP Commercialisation
Singapore has deliberately positioned itself as Asia's intellectual property hub — through IPOS's IP commercialisation agenda, the biomedical research corridor at Biopolis, MAS-regulated fintech, and its role as the regional headquarters and IP-holding location for multinationals across ASEAN. A large share of the business value that sits in Singapore is intangible by design: patents, licensing structures, software platforms, regional brand rights, and regulated financial services licences.
Corvian Advisory values the full range of intangible assets recognised under SFRS(I), IAS 38, and IVS for Singapore entities: patents and biomedical IP, software and source code, AI and machine learning models, trademarks and regional brand rights, customer relationships and contracts, franchise and licensing agreements, databases and data assets, and trade secrets. Methods are matched to asset class — relief-from-royalty for brands and licensed technology, the multi-period excess earnings method (MPEEM) for customer relationships and core technology, and replacement cost for internally developed software — reconciled to enterprise value and documented for IFRS 3 purchase price allocation, IAS 36 impairment testing, and fund fair value reporting.
Typical Singapore engagements include: IP valuations supporting commercialisation and licensing negotiations; intangible-heavy purchase price allocations after regional technology acquisitions; fair value reporting for VCC funds and Section 13O/13U structures holding technology assets; transfer pricing support for Singapore IP-holding companies licensing into ASEAN and the Gulf; and valuations for the growing Singapore–GCC investment corridor.
Who values intellectual property and intangible assets in Singapore? Corvian Advisory provides CFA-led, IVS-compliant IP and intangible asset valuations for Singapore and cross-border engagements — accepted by Big 4 auditors, fund administrators, and international investors. See our dedicated intangible asset valuation, brand & trademark valuation, startup valuation, and purchase price allocation services.
Start a Confidential Conversation About Your Valuation or Transaction
Every engagement begins with a confidential discussion – no pressure, no obligation. Tell us what you need: an independent valuation, a deal you are working on, or a transaction you are evaluating. We respond within 24 business hours. All communications are strictly confidential.
Location
Dubai, United Arab Emirates Serving UAE · KSA · Qatar · Kuwait · Bahrain · Oman · EMEA · APAC