The businessmen seeking for opportunities to grow their trades in overseas, they have found Singapore as one of the most popular business destinations across the world. Although, Singapore is a smallest nation in Asia, but has ample of business growing options and corporate environment that fascinates the global businesses to start their new ventures out there and get engaged with leading brands and corporate giants in the country. Moreover, there are few more features, which attract global businesses towards Singapore to do incorporation of their new branches in the country such as:
Low Business Tax Rates: In Singapore, you can find low business tax rates up to 17% and GST tax at 7%, which is quite reasonable for all level businesses to manage.
World-Class Infrastructure: Singapore fascinates the global traders due to stunning infrastructure and colossal corporate buildings, blue chip IT offices, and luxury commercial places, where you can start new office or branch of business easily.
Growing Economy and Political Stability: The businessmen attracts towards Singapore due to stable economy and good political support for the corporate industry. However, new businesses in Singapore are growing under the shadow of both departments and can imaging about their future ahead.
Easy Business Registration Process: You will also find Singapore company registration easy and convenient to follow the corporate rules in the country and run business smoothly.
Thus, above factors makes it feasible to do incorporation of new business in Singapore in a legal way and earn give new dimension to the business easily.
After knowing the profitable facts of starting new business in Singapore, you will be desperate to know how to do company incorporation in Singapore legally and what are the requirements of the same?
Before incorporating new business in Singapore, you need the following things in advance such as:
- Set up a genuine name of the company that should be formal as per business type.
- Also, you need to get approval of company’s name from ACRA (Accounting and Corporate Regulatory Authority) in Singapore.
- Give short description of business type and its capital to the government.
- Submit details of business owner and shareholders too.
- Make ready all legal papers or documents of the company’s registration.
- Should have registered address proof of company.
- Appoint corporate secretary in company for service.
By following above steps, you will become successful to do the best company incorporation in Singapore in a legal way for sure.
No worries, if you are unable to manage the legal formalities for opening new branch of business in Singapore, you can take aid of any business registration agency in Singapore or may consult with any legal advisor or consultant too. Instead of this, you may appoint a professional corporate secretary after incorporation of company. It is necessary to hire a full time corporate secretary in the company within 6 months of company’s incorporation to manage day to day operational activities, legal works, and clients’ requirements too. You can find highly skilled and professional corporate secretaries in Singapore at the top-notch business solution agencies too. The agencies can also provide you with corporate secretary services in Singapore for full time and part time basis as per requirement at reasonable charges.
Here are some responsibilities that a corporate secretary needs to be performed:
- A professional corporate secretaries needs to manage all aspects of company and its board of directors, meetings and clients requirements too.
- The secretary has to manage company’s legal matters like its registration, privatization, statuary and regulatory requirements of business as well.
- Also, the professional secretary should be able to manage needs of company’s employees and follow up instructions or corporate rules in Singapore to keep workflow of business hassle-free.
- Furthermore, the secretary has to take care of annual tax and accounting works of business to manage smoothly.
Thus, the above are few important duties of a corporate secretary that has to accomplish by him with perfection and as per the corporate laws in Singapore.
If you want to hire professional corporate secretary in Singapore, you should look for genuine corporate solution agency in the country. But what are the tips to find a right business solution agency in Singapore:
Below are some valid tips to find a reliable business registration service agency in Singapore:
Authorization Features: You should not forget to check agency’s license and government accreditation proofs of corporate service agency in Singapore. Besides, you should look for registered address, contact details and other legal documents of the agency too.
Service Records: Do not hesitate to ask the company’s proven track record in providing legal services for corporate businesses in Singapore. Also, do check the website of the agency and its clients’ feedbacks or comments regarding services given to prior employees.
Legal Corporate Services: You should ensure that the company offers the best corporate services and legal solutions for new company incorporation in Singapore, registration, privatization, corporate secretary services, accounting and taxation services and lots more.
Corporate and Legal Professionals: It is advised to hire business solution agency in Singapore, which has team of licensed and experienced corporate professionals to serve the customers.
Hence, above are some necessary aspects of a corporate service agency in Singapore, which you need to look while searching for the same firm for new business incorporation to its registration needs in the country.
Company Profile: If you are in search of a genuine business registration agency in Singapore, your search will come to the end at “AI ACCOUNTANT”, the company specializes in all ranges of business incorporate and to registration services and also deals in delivering legal and accounting services for new and existing businesses in Singapore. Besides, the company also provides professional accounting, taxation, finance, bookkeeping, and corporate secretary services for businesses in Singapore at affordable charges.
Author Bio: Christopher Lin is an experienced content writer having vast knowledge of Singapore corporate industry and gives right tips how to incorporate new business in Singapore through legal ways. Interested readers should explore writer’s latest articles and blogs based upon information of new company incorporation to registration requirements and follow the same to get the intended results.