How To Incorporate A Company In Singapore

For setting up a company and starting the business in Singapore, it's important to incorporate a company. For this one needs to submit an application online via BizFile+ upon the approval of its name. Company incorporation Singapore offers you a guideline on how to register a private limited company in Singapore. In order to register Singapore company you  need to hook into BizFile+, ACRA’s electr+onic filing and information retrieval system, use  your identification number and SingPass for submitting the online transaction. You can take the services of an  agent (e.g law firm, accounting firm or corporate secretarial firm) who can submit on your behalf an online application.The application processing usually takes 14-15 minutes if the application fee is paid. It might take 15 days to 2 months in case application needs the reference of another agency for review or approval.

• Advantages Of Setting Up Private Limited Companies In Singapore

Apart from being politically stable, Singapore is extremely tax beneficial. Singapore laws prohibit foreigners or foreign corporate entities to self-register a Singapore company. You need to engage a professional secretarial to register your company in Singapore. But it provides you enough freedom, like if you merely want to incorporate a private limited company but don't want to relocate to Singapore you are free to do that. You have no obligation of obtaining any special Singapore visa. You are free to operate your company from overseas as well as free to visit Singapore on a visitor visa whenever you want to.

• Documents That You Would Require For The Purpose Of Company Incorporation

For incorporating company in Singapore, the following information is required by the company registrar:
Company name
Brief description of activities pursued by the company
Shareholders information
Directors’ information
Address that has been registered
Company secretary information
Constitution

Company Incorporation Singapore consults will collect the necessary documents from you to prepare the necessary Company Incorporation paperwork.

• How to Register Singapore Company: Procedure and Timeline 

Company registration process in Singapore is fully computerized by the registrar of Singapore companies. As a result, this process is really quick and efficient. Under normal circumstances, the company incorporation takes place within 1-2 days. There are mainly two distinct steps involved in this process a) approval of company’s name b) registration of the company. Both steps can be completed on the same day if there are no delays caused by company registrar.

Benefits of getting in touch with a Singapore company incorporation service provider

Singapore is a leading center for business activities in Asia where most businesses try to set up their centers. The reason for this is that it serves as a major entry point for companies to get into the Asian market. A company that has appealed to the large Asian market can naturally have an edge over market competitors. Moreover, Singapore provides with some of the best facilities for business growth and expansion. The country enjoys a stable government and economical system. Moreover, the local government is open-minded enough to welcome business activities from all parts of the world and this has really helped companies belonging to different sectors to set up their centers there.
The country of Singapore can also boast of a lenient tax system that makes it profitable for the business firms to carry out their operations there. Apart from this, there is easy availability of skilled labor in Singapore along with highly developed infrastructure. Such factors have encouraged countless business firms to set up their offshore companies in Singapore. In fact, setting up an offshore company here can be the best way to quickly enhance a business firm’s financial condition and plan further progress to solidify its position in the market.

In order to set up a company in Singapore, it needs to be incorporated into the company registry of the country. This is something that can be done by a professional firm that regularly offers incorporation services in Singapore. These companies are well versed with the process of company registration in Singapore and so they can take care of all the necessary legal formalities associated with the process. By making sure that the setup and incorporation process goes smoothly from the beginning to the end, these companies can provide business owners with the peace of mind that they need to handle the more important business management tasks that ensure proper handling of the business.

When a business firm is looking to setup Singapore Company, one of the first things that it needs to address is the requirements and plans that the company has with the offshore firm in the firm. While some business owners choose to relocate in Singapore, there are others who may prefer to stay in a different country and manage all business operations from there while coming to Singapore from time to time to take care of certain business tasks. Whatever the specific needs of a business owner might be, it is necessary that they are properly communicated to the company incorporation service provider so that appropriate arrangements can be made.

There are a number of services that a Singapore company incorporation service provider can offer to clients. For instance, they can arrange for the bank registration that would be necessary for setting up a company in Singapore. If a company needs to have a local resident director in Singapore that will represent the business firm, then the service provider can arrange for that as well. It is due to such benefits that it is considered practical to get in touch with a Singapore company incorporation service provider. www.soas.com.sg