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Registering A Business In Singapore: Do It Yourself Or Hire A Professional? Posted By: Appletree Dayschool When a business decides to go global and expand into a foreign country like Singapore, it must first register as a business in that country. Company formation in Singapore is a straightforward process that can be accomplished by simply providing the appropriate documentation and completing the right paperwork. In some instances, businesses complete this process itself while in other cases they allow an attorney or third party business registry service to perform this service for them. If you do plan to go it alone, here are a few tips to help you through the process: Step one includes downloading and reviewing the start up guide registration checklist provided by the Singapore government via Enterprise One. This is an online system that serves as a repository for the reference documents you need to get your business registered. This particular document will provide you with a list of rules and regulations you will need to adhere to in order to qualify for registration.virtual office singapore virtual office singapore Discover Easy Way To Singapore Company Formation Posted By: rinki25 Forming a company is not an easy job. You might have the funds in place plus a business plan which has been verified as well as modified several numbers of instances and tested in small scales but in reality, when a company is to be created there are lots of other complex details which can be to be looked after. Singapore company formation has its own needs and requirements that must be adhered to and with out those required steps completed duly, the presence of the company couldn’t survive legally valid. Find the right companion in crime If you try to manage every one of the activities concerning Singapore company registration chances are you will miss your slumber and mind and not view a smooth process taking place. While there are many activities to be looked after, the simple task of following up with each of them alone could be a cumbersome work good enough to harrow an individual beyond creativity. Hence, you should look for an alternate that works well. And something such choice would be to look for professional providers who control the process of Singapore company incorporation. Brief Guide On Singapore Company Registration Posted By: Andrews Thomas When you are considering the relocation and registration of your organisation to Singapore, it is quite important to keep in mind that most of the Singapore companies are basically registered as private limited liability companies which are commonly known as private limited companies. In Singapore, a private limited company is a different legal entity and the shareholders are not at all liable for the debts of the company beyond the total sum of share capital they have added. In accordance to the Singapore Companies Act, any individual local or foreign above the age of 18 can get registered with a Singapore company. A well structured private limited liability company in Singapore is a tax efficient business body and hence this structure is the most common kind of business entity that is indexed in Singapore. Here you will get a detailed guide of company registration requirements, procedure and timeline for registering your company in Singapore. Keeping in mind other jurisdiction let me tell you that Singapore has a set of primary and continuing regulatory compliance requirements for starting as well as operating a particular company.Singapore company registration Singapore business setup Singapore company registration Singapore Company Registration: A Part Of Starting New Business Posted By: Andrews Thomas It is a known fact, all over the world, that whenever someone thinks of opening a new business in any area, he or she needs to register the company with the appropriate authority, who provides permission of doing a business in that particular area. This is applicable in case of relocation of a business in that region in concern as well. Singapore is not an exception either. Even starting a new business or relocating one to Singapore necessitates the registration of the company to the respective authority. However, Singapore company registration is a part of starting a new business there and the entire process of starting or relocating a business in that place needs many more jobs to be done. The other different kinds of tasks, which one needs to take care of before starting his or her business in Singapore includes a number of things like managing the various supporting functions of the business in concern, checking the compliance requirements of the business and many more. Singapore company registration is the most important among all of them though.Singapore company registration Singapore taxation services Singapore company registration Important Considerations For Singapore Company Registration Posted By: JessCrim Singapore is emerging as a business goal and investment hub for thousand of entrepreneurs. It is the fourth largest financial center on the planet and has a superb employment and industrial sector. Availability of both international and state transportation, a natural seaport, well developed infrastructure and geographical area, all make it a business-friendly destination. The report of the world bank ‘Doing Business 2007’ says that Singapore is the best place to regulate transactions and commerce. The modern Singapore immigration rules have also contributed towards the commercial growth of the country. These policies attract new, as well as, experienced businessmen and working professionals to set up their base in Singapore. The primary thing to begin a business in Singapore, whether you are a local citizen or a foreigner, is Singapore company registration. For this, you need to decide the field of business in which you wish to enter and then search for the benefits, scope and procedure of setting up your business. Forming a company in Singapore is not a simple procedure, but if it is tackled in a proper manner, it is certainly not impossible. Establishing a new international company in Singapore offers excellent deal of advantages.Singapore company registration Singapore immigration Singapore company registration Carry Out Singapore Company Registration With A Leading Firm Posted By: JessCrim Singapore is emerging as a business destination and investment hub for millions of entrepreneurs. It is the fourth largest financial center in the world and have a strong service and industrial sector. Geographical location, well developed infrastructure, a natural seaport and availability of both international and domestic transportation, all make it a business-friendly place. The report of the world bank ‘Doing Business 2007’ rates Singapore as the best place to conduct trade and business. The liberal Singapore Immigration rules have also contributed towards the commercial importance of the country. These policies attract new as well as experienced entrepreneurs and working professionals to set up their foot in Singapore. The first thing to start a business in Singapore, whether you are a local citizen or a foreigner, is company registration. Prior to this, you need to decide on the field of business, you want to enter into and then search for the benefits, scope and procedure of setting up your business. Forming a company in Singapore is not an easy task, but if it is tackled in a proper manner, it is definitely not impossible. The best option will be to get the assistance of a service provider.Singapore company registration Singapore immigration Singapore company registration What Are The Legal Requirements Of Singapore Company Registration? Posted By: Andrews Thomas Many local as well as foreign business owners are opting for Singapore company registration and there are several reasons too. There are several benefits a business owner can gain with Singapore company formation. Several tax benefits, bankruptcy protection and limited liability to business related debts that are offered by the business infrastructure in Singapore. Though there are many benefits of Singapore company registration but certain legalities or formalities are associated with the process too. These legalities have been placed to stop financial abuses by the management, tax evasions and other illegal dealings. Below are some legal formalities that a business owner must perform when he/she is looking for Singapore company registration: Appointment of at least one local resident director: Though there are no limits on the number of directors a business in Singapore can have, but it is necessary that the company has a local resident or a holder of Singapore Employment Pass, Singapore Dependant Pass or Singapore EntrePass in their directors panel. Appointment of a Qualified Company Secretary: In order to get Singapore company registration the company shareholders should appoint a qualified company secretary within six months. The secretary should be a local resident of Singapore.Singapore business registration Singapore business formation Singapore business registration Why Singapore Is The Ideal Place To Invest Posted By: Bryan Wong Singapore company registration Singapore offshore company Singapore company registration Important Questions Regarding Singapore Company Registration Posted By: Bryan Wong Singapore company registration Singapore subsidiary company Singapore company registration How Outsourcing Singapore Business Startup Can Benefit Your Business? Posted By: Andrews Thomas Outsourcing is a popular term used in the business circles today. This is a practice where a company contracts a third part service provider to handle its various business processes. Singapore being one of the best places to conduct business attracts business minded people from all parts of the globe to arrange a business set up in this prosperous island nation. But all business enthusiasts might not be fully aware of the legal processes involved in Singapore business startup. Like all other countries Singapore too has its share of rules and regulations for Singapore business setup. In such times the business owners look for help from a third party. Luckily they have the services of Singapore company registration providers. There are various benefits of outsourcing your Singapore business startup. It is not desirable that the enthusiasts would have time and patience to read through the complex rules of starting a business in Singapore. Many rules are apparently difficult to be observed by the foreign expatriates. You have to appoint a Singapore company secretary who has roots within the nation. But people looking to set up business in Singapore but having origins elsewhere cannot arrange for such a person.registration of company in Singapore Singapore company registration registration of company in Singapore How To Employ Foreign Nationals In Your Singapore Company Posted By: Bryan Wong Every year about few thousand foreign owned companies get registered in Singapore. At the same time, the number of foreign professionals working in the country has gone up considerably and now over one-third of the entire working population in Singapore comprises of overseas professionals. Although this year saw a number of amendments introduced on the employment pass scheme to ensure only the best minds were able to live and work in Singapore, overall it is fairly simple for a company to employ foreign nationals in the country. Firstly companies that need to employ foreigners for whatever reason must ensure they apply for an employment pass for each of the foreign professional they want to employ. The employment pass is actually the main type of work visa meant for foreigners that want to work in Singapore. Obtaining an employment pass takes about a month and authorities would check the background of both the professional who is being employed as well as the company that is employing the foreigner.Singapore Employment Pass Singapore Company Incorporation Singapore Employment Pass What To Do Immediately After Setting Up A Company In Singapore Posted By: Bryan Wong Foreigners can complete the entire Singapore company registration formalities within a day or two from overseas itself. In fact it is so simple to start a foreign owned company in Singapore that many consultants would advise clients to start preparing for the post-registration formalities while planning their Singapore foray. For foreign companies, there is some mandatory requirements post registration and there are other activities these companies must do purely from business operations point of view. Some of the aspects one needs to take care of after setting up a company in Singapore are as follows: 1) Immediately after the registration formalities are over and you have your certificate of incorporation, you must approach banks in Singapore and open a corporate bank account. Depending upon whether you are in Singapore or living overseas during account opening the choice of banks may differ and their requirements as well. It is important that after a corporate bank account has been activated, you transfer any amount that you listed as paid up capital during registration to this bank account. 2) Some business activities in Singapore may require an additional license apart from the company registration certificate.Singapore company registration Singapore subsidiary company Singapore company registration How To Structure Your Singapore Company Posted By: Bryan Wong Foreign companies or entrepreneurs that want to register a business in Singapore have to follow the mandatory structural requirements for their Singapore Company. The requirements as set by the Companies Act are quite minimal and straightforward. Since foreigners are required to engage the services of an incorporation service provider based in Singapore, the agency you are working with will be able to help you with all mandatory requirements. The first thing that you should know is that of company directors. While foreigners are allowed to act as managing directors of companies incorporated in Singapore, every company needs to have at least one director who is a local resident as well. For foreign entrepreneurs, this would mean they have to engage the services of a nominee director if they themselves are residing abroad. Hiring a nominee director is perfectly legal and you may replace the nominee director at any time if someone from the head office or you yourself relocate to Singapore to act as the local director. When it comes to shareholders, there are no such requirements and shares can be held by foreigners 100 per cent.Singapore company registration Singapore subsidiary company Singapore company registration Singapore Labor Laws Ensure Smooth Operations Of Companies Posted By: Bryan Wong Singapore company incorporation Singapore subsidiary company Singapore company incorporation Singapore’s Judicial System Helps Attract More Foreign Investment Posted By: Bryan Wong Singapore company incorporation Singapore subsidiary company Singapore company incorporation Investment Options In Singapore For Foreign Entrepreneurs Posted By: Bryan Wong Over the years Singapore has grown in stature as a business destination and at the moment, the country offers some of the most rewarding investment options to investors or entrepreneurs from all over the world. The best thing about investing in Singapore is that the laws are the same for locals as well as foreigners in most sectors and foreign business owners can easily setup a company in the country within a day if required. Some of the investment options for foreign entrepreneurs in Singapore are as follows: 1) Singapore dollar: For those who are well-versed in foreign currency trading, the Singapore dollar has emerged as one of the safest investment options in the world. With turmoil in the global economy especially in western nations including United States and many countries in Europe, currencies have been fluctuating considerably. A lot of foreign exchange investors have looked at Asian currencies for investment but even in Asia there has been unpredictable moves made by many of the major currencies. In that regard, Singapore dollar has remained strong and has appreciated in value over the past few years.Singapore company incorporation Singapore subsidiary company Singapore company incorporation Advantages For Business In Singapore In The Coming Years Posted By: Bryan Wong Singapore is already ranked as one of the best places to do business. With a vibrant economy that is expected to grow considerably over the next few years, Singapore has a few advantages in the coming years that will ensure the country remains one of the most important business hubs even though a large part of the world is going through an economic recession. One of the biggest advantages for Singapore is its location. Located in the heart of Asia, Singapore is close to all the action and especially to the two Asian giants of China and India. Both those nations are growing at an incredible rate and thanks to the high population in each of those countries; the number of entrepreneurs coming out of them are also extremely high. The advantage that Singapore has over here is that it enjoys a credible reputation amongst business owners in China and India and at the same time has strong bilateral relations with both those nations. On the other hand, even though China and India are the fastest growing economies in the world with a large domestic market, none of those two nations are particularly known for being entrepreneur friendly.Singapore company formation Singapore offshore company Singapore company formation Benefits Of Singapore Company Incorporation For Foreign Companies Posted By: Bryan Wong Singapore company registration Singapore subsidiary company Singapore company registration Understanding Documents Required For Singapore Company Incorporation Posted By: Bryan Wong Foreign businesses interested in incorporating a company in Singapore can do so within one or two working days and the procedure for company registration is quite minimal. There are only two steps involved and a few documents need to be submitted along with the registration application. Of course an application form is required to be submitted as well, but it is important the foreign entrepreneur or company registering a business in Singapore understand the other documents required so that there are no unnecessary delays in the company setup process. 1) Shareholder and Director Particulars: Singapore allows foreigners to own 100 per cent of companies incorporated in the country. They are also allowed to reside in another nation instead of relocate to Singapore for management. No matter from where the shareholders and directors are from or where they reside, they have to submit their entire particulars to the company registrar. They would need to provide copies of their passport with the address clearly visible. They would also need to submit some kind of an address proof such as a utility bill. This could be any bill that clearly states the address of the shareholder or director in their home country.Singapore company incorporation Singapore incorporation Singapore company incorporation What Does The 2012 World Bank Doing Business Report Mean For Singapore? Posted By: Bryan Wong Singapore company formation Singapore offshore company Singapore company formation 相关的主题文章: