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Beneficial Tips For Singapore Business Start Up
Singapore is one of the leading Asian countries for business and commerce and has been rated a country is always named as one of the best business Environment around the world. It's no wonder that small and medium sized businesses and even business conglomerates from across the globe surge to this tiny nation.
If you are planning on starting a business in Singapore here are some useful tips that can help you in the Singapore business incorporation process.
Singapore Companies Act
A knowledge about Singapore Companies act is a must. Singapore Companies Act is the only organization that governed most of the companies in Singapore depending on the type of business that may fall to other regulation.
Requirements for Singapore business set up
It is mandated by law that a company should have a minimum 1 shareholder,[link widoczny dla zalogowanych], 1 director and a company secretary.
The director:
A Singapore permanent resident is qualified to be a director. He/she may also be Singapore Employment Pass holder. The director of the company must be with clean reputation without any history of bankruptcy and is at least 18 years of age.
The shareholder
Maximum of 50 shareholders is only allowed. The share holders may be individuals or a corporate entity. They allow if the director can be a shareholder. 100% local or foreign shareholding is permitted.
The company secretary
A secretary is a must in a company. A resident in Singapore and is appointed six months within the the company incorporation is a must for the company secretary.
It is required that the minimum initial paid up capital is only S$1.
If you are already an Entrepass holder the paid up capital will now be S$50,[link widoczny dla zalogowanych], 000 but for non EntrePass holder the minimum paid up capital would be S$1.
A registered office address is a must for company set up in Singapore. P. O Box is not permitted to be the office address of the company.
If a professional service will be present,[link widoczny dla zalogowanych], then the whole process will now be more easier. The process of business incorporation will be now more efficient and organized if you will hire a professional service provider. Professional service provider will be with you until the incorporation of business and not just in the registration process.
A professional service provider will be giving you all the needed legal data and documentation and proper resources for setting up a business in Singapore.
Business incorporation services advise you on the relevant licensing requirements specific to your line of business and you can also avail useful business concierge services that can help you find a suitable location for your office, develop your IT and networking infrastructure etc.
You can also avail several supporting services such as taxation services, bookkeeping services and business accounting services. Asiabizservices is the leading Singapore Company Incorporation Services Specialists. It has successfully helped thousands of foreign entrepreneurs incorporate a Singapore company. Our office is located at Raffles Place,[link widoczny dla zalogowanych], in the heart of the Singapore business district. ("CBD") 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.Topics related articles:


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