Foreign investors who want to conduct business in Singapore can execute fast and stress-free registration process in just two days. Company formation in Singapore is simple and fast, not to mention that it comes with a long list of government incentives. Interested companies just need to work with a recognized corporate consultancy firm to conduct the process.
The government handles company incorporation Singapore with the help of corporate service agencies. These firms are tasked to make sure that foreign investors are informed of the country's business and legal practices. While the registration process can be done by any individual effortlessly, it is required that you work with one of these agencies to ensure fast, error-free incorporation. If you are one of the entrepreneurs who ask how to register my company, below are some guidelines to make the incorporation successful.
Business name. The proposed company name should be unique and not similar to any company name in Singapore. There are other rules in picking a name and the approval depends on the evaluation of the ACRA. A corporate service firm can help in determining a good name so do not hesitate to ask for suggestions.
Description of business activities and names of shareholders and directors. Why should the company specify its businesses model? The information is important in determining the right type of registration. This will help distinguish applicants who just want to do a feasibility study from those who want to proceed to full operation.
Office Address. Singapore businesses should have an official office address, so it is important that you secure an office space where most of the production takes place. Many service firms are capable of looking for office spaces for their clients. All you need to do is give your building requirements and budget and they can give you several options.
Service cost. Registration service firms charge their clients differently, but many of them provide complete packages for a lump sum. A complete package consists of professional fees, government fees, and payment for certificates, documents, and other supplies.
What if a company doesn't have a Singapore citizen or Employment Pass holder to play as director? A consultant from the agency can assume the role of a director to meet the ACRA requirement. The role can be immediately delegated to another person once the company finds the right candidate for this post.
The government handles company incorporation Singapore with the help of corporate service agencies. These firms are tasked to make sure that foreign investors are informed of the country's business and legal practices. While the registration process can be done by any individual effortlessly, it is required that you work with one of these agencies to ensure fast, error-free incorporation. If you are one of the entrepreneurs who ask how to register my company, below are some guidelines to make the incorporation successful.
Business name. The proposed company name should be unique and not similar to any company name in Singapore. There are other rules in picking a name and the approval depends on the evaluation of the ACRA. A corporate service firm can help in determining a good name so do not hesitate to ask for suggestions.
Description of business activities and names of shareholders and directors. Why should the company specify its businesses model? The information is important in determining the right type of registration. This will help distinguish applicants who just want to do a feasibility study from those who want to proceed to full operation.
Office Address. Singapore businesses should have an official office address, so it is important that you secure an office space where most of the production takes place. Many service firms are capable of looking for office spaces for their clients. All you need to do is give your building requirements and budget and they can give you several options.
Service cost. Registration service firms charge their clients differently, but many of them provide complete packages for a lump sum. A complete package consists of professional fees, government fees, and payment for certificates, documents, and other supplies.
What if a company doesn't have a Singapore citizen or Employment Pass holder to play as director? A consultant from the agency can assume the role of a director to meet the ACRA requirement. The role can be immediately delegated to another person once the company finds the right candidate for this post.
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