Singapore Company Registration Guide

in Singapore

 

Foreign companies have found Singapore to be progressively becoming a lucrative business market. Following the rules and regulations of the country, it is relatively easy to set up a Singapore offshore company, or an offshore company in other jurisdictions . Setting up a Singapore company is comparatively easy; without too many hassles, due to the investor-friendly legislation of Singapore government.  Still, some of the basic rules that apply to setting up of an offshore company are valid for Singapore.  In order to set up a Singapore company, the first step you must make is to visit Singapore to begin the registration formalities. Your visa is hassle-free by reason of an open and efficient immigration system. An application at the ICA - Immigration and Checkpoints Authority will have you on your way to applying for your visa.


Registration Process


In setting up a Singapore Company, the following are needed to assist you in the registration process:  a professional company secretary, a registration agent, and a law cum accounting firm. Engaging the services of a corporate services firm to handle all the processes for you can assure you that your start-up procedure will be efficient, well organized and in adherence to the Singapore rules and regulations.

Your company must be registered with ACRA - the Accounting and Corporate Regulatory Authority.  Any professional registration firm can efficiently guide you through this process. If you have already hired a professional firm, a company secretary will also be provided to assist you in registering and finding a location for your business. A quality corporate services firm will also be able to provide virtual office services for your new Singapore company.  An Entrepreneur can set up a Singapore company by registering their company as a sole proprietor, a limited liability partnership, a limited partnership, a partnership, or an incorporated company in Singapore.


Staffing


Employment visas for Singapore must be obtained via the MOM - Ministry of Manpower.  Employment visas include several options such as an Employment Pass (EP) for employees, and an Entry Pass Scheme for company owners. Once you have the mandates in place, you can now start hiring a workforce as per your requirements.  Professional staffing and recruitment firms in Singapore are plenty in number and include the large well-respected international firms.


Taxation in Singapore


Taxation benefits in Singapore are primary advantages to setting up a Singapore company. Singapore has very efficient taxation laws for small to medium sized companies, thus making it a financially viable jurisdiction for your offshore company.  A corporate services firm can help you file your returns, and carry out other required due diligence depending upon the nature of your business.

Entrepreneurs who set up a Singapore company have the potential to flourish in an efficient jurisdiction with exceptional infrastructure, favorable registration, taxation and immigration laws in the country.




 

Author Box
Diane Paz has 66 articles online

 

Resource Box:

Asiabizservices is the leading Singapore Branch Office Registration Services Specialists. It has successfully helped thousands of foreign entrepreneurs manage their Singapore company name check.  Our office is located at Raffles Place, in the heart of the Singapore business district (“CBD”).  One of our invaluable services is to provide Singapore shelf companies for clients with specific requests. Each of these shelf companies meets all the necessary requirements and can be purchase for immediate operation. If you’re in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.


Our phones are answered during business hours by specialists and not by

an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizservices.com or give us a call at +6563034614.

 

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Singapore Company Registration Guide

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This article was published on 2011/04/13