Company Incorporation In Singapore

  Many Indian citizens & companies are looking to start a company in Singapore. If we are to believe the facts, a number of them have already done so. Flipkart Singapore is a prime example of an Indian company that has shifted its base.   The straightforward process for establishing a new company set up in Singapore and lower tax rates are a great attraction to Indians. They are also amazed at the ease of doing business in this country.   Currently, this island nation ranks 2 nd in the World Bank report for this indicator. The lack of bureaucratic hurdles in opening a company in Singapore is also a novelty for them.   If you want to start a business in Singapore , you should be ready with pre-incorporation requirements. Accounting and Corporate Regulating Agency (ACRA) has made them mandatory. They are as follows:   •                      1 to...

  If you are a foreigner, wanting to opt for the registration of a company in Singapore, here is the best way. To incorporate a private limited company inSingapore , you need a local director or hire a nominee director service. This requirement really troubles the foreign entrepreneurs. The alternative is to apply to MOM for an EntrePass and then apply to ACRA and start a company. Yes, a foreigner can directly apply to the Ministry of Manpower (MOM) for an Entrepreneur pass and depending on the result, can choose to register a Singapore company or not. Eligibility for an Entrepreneur Pass This pass is for experienced entrepreneurs, innovators, or investors interested in starting a Singapore private limited company. For Entrepreneurs: If you are an entrepreneur, you need ·          Track-record as an entrepreneur and has a business network ·          Access to funds from government-app...

  It may be that you are struggling with a question. As a local, "Do I really have to carry out company incorporation in Singapore?" One another frequently asked question is, "Can a foreigner register a Singapore company?" If your business activities are going to generate money, then, "YES!" you will need to open a company in Singapore. Let us see how you can go about it, hassle-free. And, “YES!” foreigners can also set up their Singapore company and own 100% of its shareholding. In Singapore, the ACRA (Accounting and Corporate Regulatory Authority) governs all the companies. It also acts as the Company Registrar. To start your company, you will need to apply to ACRA. Procedure for Company Registration in Singapore The procedure is simple and has only 3 steps in it. You can initiate the process online if you can log-in on the ACRA's portal BizFile+. Or, you can hire a registered filing agent to do the task for you. In the first step, you regi...

  Setting up a company in Singapore could prove to be the right decision for you. It is one of the main Entrepot that lies between the East and the West. It is a perfect location for starting an offshore business.   Benefits of Opening an Offshore Business in Singapore   Singapore authorities, on their part, does a great job in attracting foreign business and foreign direct investment. Read on the reasons why registering a Singaporeoffshore business is a better solution.   Easy Company Incorporation The procedure to set up a company in Singapore is simple. Normally, you can incorporate a company in 1-3 days. You are allowed 100% shareholding in your company.   There only three steps to complete: Company name approval, submission of incorporation documents, and registering your company with the Company Registrar, ACRA. A registered filing agent can help you with these steps.   Lower Tax Rates You can save on taxes by registering a com...

  If you are opting for company incorporation in Singapore, you better outsource the task to a reputed agent. You could be a Singaporean or a foreigner; these professionals can help you immensely in starting your company. You need to search for a reputable and experienced Registered Filing Agent. These are individuals or company incorporation services Singapore that can submit your details and the required fees to ACRA, the Company Registrar. The following is a list of providers that offer specialist services to set up your company in Singapore: ·          SBSConsulting Pte Ltd ·          JVKMConsultants ·          ACE Success These firms employ incorporation experts who have the latest knowledge about the changes in the rules and regulations. This automatically streamlines the task. These firms advise you on each step of the company incorporation proc...