What You Need To Know About Company Formation In Singapore

July 19, 2012 · Posted in Legal · Comment 

Protection, stability and prestige – these are some of the benefits that a company enjoys after being incorporated. So if you are venturing out in Singapore, consider registering your business as an incorporated company. Incorporated and private limited companies enjoy lower tax rates and more respect from the public. Understanding this process as part of company formation in Singapore is therefore important to many business owners in the city state.

Why Company Incorporation Is Great For Your Business

There are different advantages that company incorporation brings. For instance, an incorporated company won’t have to pay taxes for its first $100,000 earnings during its first three years. Apart from it, your business becomes a separate legal entity that is responsible for its own assets and liabilities. Your own liabilities for the company will be limited to your shares. Therefore, your personal assets are protected, which is very beneficial if you have debts.

Moreover, all business owners know that the public perceives an incorporated company with more stability than sole proprietorship or partnerships. Having the term Inc. in your company name, you can attract more investors. That’s because they see that you plan for the future of your company. Being incorporated means longevity.

Who Can Help You Form Your Company?

You do not have to fret or feel discouraged by the legal requirements for company formation in Singapore. You can actually seek the help of company incorporation Singapore specialists or legal service providers. These firms also lend their strengths in internal audit, auditing, accounting, liquidation, tax compliance and planning, and other legal procedures. They will assist you throughout the process of company registration.

Aside from helping you with the entire registration process, they can also accomplish your requirements for you. You only have to coordinate with them and give them your company name, information about your shareholders, directors and company secretary, a clear description of the nature of your business and a registered address. With the assistance of legal service providers, you can finish the process of company registration in Singapore within one or two days.

Related articles on company formation in singapore or visit www.richmondcorporateadvisory.com

Singapore Company Registration: What Many Business Owners Should Know

July 19, 2012 · Posted in Business · Comment 

Singapore is among the most sought after nations in the business world. It has been recognised to accommodate numerous industries which includes ship building, banking and finance, and tourism. Considering that it has very inadequate natural resources; the nation has proved its ability to adapt and become flexible by seeking for other probable ways to flourish, and that is through the utilisation of its rich manpower.

Because of this, businessmen based in all parts of the world couldn’t reject the chance to either create a franchise, or produce another business in the country. But the process is not as easy as it seems due to the need to follow the legal guidelines on Singapore company registration process.

The process of company incorporation Singapore is composed of many facts that are required for businessmen to understand for the reason that it’s imperative to company formation in Singapore.

1. The business name is essential because it’ll be the basis for approval; hence it can directly affect the incorporation process.

2. The board of directors ought to be composed of a local director which means that he/ she holds one of the following status in the country: Citizen, Permanent Resident, or individuals with Entrepass, Dependent or Employment Pass. Aside from the aforementioned, all the other directors can come from other nations if they are 18 years old and above.

3. The shareholders of a business are dependent on the type of registration that the company is opting to apply for. In Singapore, the common enrollment undertaken by company entities is under the Private Limited Company classification. In accordance to this classification, a company must have at least one shareholder; while the maximum is 50. The shareholders can either be corporations, individuals, or trusts.

4. Having a local address is fundamental to the registration process because an application will not progress unless a registered address is provided.

5. A secretary ought to be employed by a company within 6 months from the time of approval. He/ she must be a local resident and should not be a shareholder of the company.

Related articles on company formation or visit www.richmondcorporateadvisory.com.

Company Formation In Singapore: See Your Business Grow Fast

July 19, 2012 · Posted in Business · Comment 

According to Transparency International, Singapore, together with Denmark and New Zealand, is regarded as among the least corrupt countries in the world. That is why many businesses thrive in the city state. Aside from that, entrepreneurs find it easy to go through the process of company formation in Singapore. Also, the country has enterprise-friendly policies, a stable government, a firm economic and sociopolitical environment, and is one of the fastest rising economies in Asia.

Understanding The Company Formation Process

When going through the process of company formation in Singapore, entrepreneurs find it best to hire a company incorporation Singapore firm. These firms specialise in company registration, corporate secretarial services, accounting, bookkeeping, taxation and other services that are related to the legal and financial aspect of company formation. With their services, even those who are new to business will never have to be baffled about the procedures of company formation.

Company registration Singapore agents help entrepreneurs form their company from the start. It means providing support in terms of the following: information furnishing, document preparation or ACRA certification. These firms typically offer packages that cover the expenses involved in the formation process, including secretarial fees, certificates and business name application. These services are available to both Singaporean residents and foreigners in the country.

Why You Should Start A Company In Singapore

Forming a company in Singapore brings instant credentials to your enterprise as the country is known for its good reputation and well structured economy. Your business will be recognised by the international market, and you will have access to world class infrastructure that can support the needs of your business. In these regard, you can witness your company growing at a very desirable pace.

It is also worth noting that the country’s financial institutions are strong. The local authority is always cooperative and ready to assist you regardless of the size of the business you have. Also, the transaction systems in the country are swift. It means that both start-up and established businesses have equal opportunities. Therefore, company formation in Singapore is certainly the first step to success.

Related articles on company formation in singapore or visit www.richmondcorporateadvisory.com

Formation Of Company In Singapore

June 9, 2012 · Posted in Business · Comment 

Incorporating a company in Singapore has many advantages. The business-friendly land provides protection to companies and discourages duplicitous actions, ensuring that the execution of its regulations and policies is strictly imposed. If you register your business, your company has a good chance of forming a real presence in the industry because it means that it is a legal and authorized entity by the government. There are a couple of steps that you need to follow, though, if you are planning on company formation.

The first step of company formation in Singapore is selecting a business name and having that approved by the Accounting and Corporate Regulatory Authority. Lest the name you chose is undesirable, is similar to another existing company name, or identical to a name or trademark of an already renowned company, then ACRA will give its approval in a few hours. It would also take longer if it needs further review from other authorities.

After the business name has been approved, you can finish the entire procedure of company incorporation in Singapore if you have all other requirements ready. Have the necessary papers signed by your company’s directors and stockholders before submitting it.

For the original members of your team, you would require at least one resident director and one shareholder to sign the incorporation forms. Also, your resident director must hold a permanent residency or citizenship in the country, or at least someone who owns an EntrePass, Employment Pass, or Dependent Pass. Your business secretary must have his or her main place of residence in Singapore within six months of incorporation.

As a distinct, legal entity, your incorporated business is separate from its owners, shareholders, and directors. The officials are not held accountable for the financial and legal liabilities of the business, plus they enjoy tax flexibility. They are responsible to pay for the taxes from their earnings, but they won’t be held responsible for the company’s taxes.

Regardless of whether or not you or one of the owners or investors quit the company, the incorporated business will still continue to exist. Its existence is not contingent on the existence of its shareholders, directors, and other officials simply because it is an independent entity.

Related articles on company registration singapore or visit www.companyregistrationsingapore.com

Singapore As The Ideal Place To Start A New Company

January 5, 2012 · Posted in Business · Comment 

As a leading financial business hub, Singapore has earned the title as one of several ideal places to establish a company. Economically speaking, for quite a while now, Singapore has been a preferred target for foreign businesses and investments. It has paved the way as well for local companies to grow big and flourish. These may be attributed to the fact that it is relatively not very difficult to set up a business here.

One of the primary reasons that foreigners are drawn to establish their businesses in Singapore is that it’s an English speaking country. Legal documents are in the English language which indicates that communication won’t be an issue at all. Those who have been successful in this endeavor can attest that the transition has been a smooth flowing one. All they have to do is to secure an Entrepass to be able to lawfully operate a business.

Working with the ACRA or the Accounting and Company Regulation Authority is another viable reason that makes company registration in Singapore quick and straightforward. The paid up capital is quite easy to work with at SGD1 only. The amount of time necessary to process the business registration itself may take only a few hours given that all the required documents are complete and presented. For private limited companies, foreigners may own a company 100% so long as they appoint at least one director who is likewise a Singapore resident, permanent resident, Employment Pass holder, Dependents’ Pass holder or EntrePass holder.

More and more individuals make it their goal to work in the Lion City due to a lot of factors, like its world class infrastructure, supportive government policies, exceptionally advanced telecommunications system and the high prospective to obtain access to a huge market in the Asia-Pacific region. Singapore also has high regard for its medical care services as well as education system that they are admired by many.

Not only does Singapore attract tourists because of its scenic spots, it’s likewise appealing foreigners to become permanent residents. Many experts believe that the fact that it has easily become increasingly expensive to live in Singapore is the reason that it is able to provide the best quality of life.

Click for further information on Business incorporation or Business registration.

Viewing Singapore Company Incorporation In A New Light

December 26, 2011 · Posted in Business · Comment 

A Singapore company incorporation procedure might sound quite daunting in the beginning, but it is in fact a simple process when done under the guidance of a reputable corporate advisory firm. Availing of corporate advisory services provides you the advantage of having individuals with all the know-how on the entire company registration procedure working to ensure that your company does not stumble upon any difficulties as you move through the various stages of company incorporation.

Normally, common sense would dictate that businesspersons should be pro-active in managing matters that are as crucial as this, that they should do it themselves instead of commissioning someone else to deal with the situation. But in the case of a Singapore company incorporation, working with a corporate company services firm is simply the more practical choice.

There are a whole lot of reasons why working with a corporate advisory firm is the smarter choice, and one of them was already pointed out in the earlier parts of this article. That is of course, the amount of know-how that corporate services can impart on your business. Bear in mind that these are professionals who’ve been in the industry for a number of years, and they have earned a reasonable amount of strategies and knowledge that one cannot hope to master by merely browsing through materials and attempting to absorb everything at once.

Sheer convenience is another upside, since the people handling your company registration already know their way around all the complex steps and processes. This in turn drastically reduces the likelihood for errors, wasted time, effort, and resources, and saving you the hassle of having to juggle loads of unfamiliar paperwork and legal documents.

Ultimately, the best advantage that one can gain from corporate services is the chance to have more time to dedicate on other aspects of the operation that needs closer attention, aspects where your decisions will have a much bigger influence. Since there is simply no sense in wasting time and effort trying to understand and master something that the company will only go through once in its entire existence. The business will benefit more if you direct your attention on areas where your own expertise and decisions can really make a difference.

Singapore Company Incorporation Or Company Registration

Simplifying Singapore Company Incorporation

Streamlining Singapore Company Incorporation

Simplifying Company Registration Singapore

Streamlining Company Registration Singapore

Quick And Easy Singapore Company Incorporation

Quick And Easy Company Registration Singapore

Uncomplicated Singapore Company Incorporation

Uncomplicated Company Registration Singapore

Trouble Free Singapore Company Incorporation

Categories: Finance, business_and_finance, Business:Management

Click for further information on Business incorporation or Business registration.

Incorporation And The Advantages It Brings

November 22, 2011 · Posted in Business · Comment 

Incorporation refers to a process that lawfully declares a business as a corporation. As a legal and at the same time separate entity, an incorporated business exercises the rights similar to that of an individual. In spite of some differences, it still enjoys more than a few advantages upon getting a state charter. The charter by the way, refers to the document issued by the authority in an incorporation process. This specifies the rights which the incorporated business in question can lawfully exercise. The articles of association on the other hand, refer to the document which describes the significant details in relation to the company like its operations, purpose, governance and regulation.

One business with more than 20 members under its roster must incorporate itself as a company according to the Singapore law. An exception to this rule applies to a partnership of persons whose professional practice is ruled by the Legal Profession Act.

Company registration, otherwise known as company formation comes with its fair share of benefits. Such benefits include limited liability. In contrast to sole proprietorship and partnership, restriction with respect to the amount of paid-up capital applies. Considerable tax savings likewise make it to the list of the advantages of company formation in Singapore.

Help in the form of comprehensive services for company registration offer businesses with a convenient way to ultimately enjoy the benefits of incorporation. They take the form of a service provider that delivers reliable as well as affordable assistance that require minimum effort from the customer’s end. The services provider will simply ask the client to provide significant information like the proposed company name, description of business activities, paid-up capital, registered office address, directors’ and shareholders’ names as well as their specifics, copy of their passport or ID and contact details.

All it takes is two working days at the longest. Following the company name reservation and registration process, an incorporated business may then take calculated risks without putting its owners, directors as well as shareholders on the line especially with regards to their financial liability. Those risks it will take can even bring more success to it.

Click for further information on company registration or company formation in Singapore. (9152)

How To Register A Company In Singapore

November 21, 2011 · Posted in Legal · Comment 

It’s no doubt challenging to venture in a new business, more so if you’re doing it in a foreign country. And as far as Southeast Asia is concerned, one of the best if not the best country for company setup is Singapore, which is known as the region’s enterprising hub. The country’s government offers countless programs encouraging foreign companies and businessmen to begin their entrepreneurial adventure.

Partnering with the state is an industry that specializes in incorporation services, providing everything from registration to license application to tax filing and to other forms of compliance.

Any person of legal age can process the formation of a company in Singapore, as long as the business appoints one director who is based in Singapore either as a resident or a citizen. Company set up commences with registration of the company name and the type of industry it belongs. The company will also have to comply with certain criteria, particularly in terms of size of the company, location, building type, etc. The business must also provide the complete address wherein the company operates.

Corporate service providers in Singapore conduct business online. This means client companies can easily find registration assistance providers in the country. Most of them also provide a comprehensive line of corporate services since registration is just a part of a business’ entrepreneurial beginnings. Some though focus on rendering specific service, such as payroll services, accounting and taxation, legal consultation and secretarial services. A few firms even pledge that they can accomplish everything through their huge team of highly qualified professionals and experts.

Aside from browsing the Internet, you can also find credible corporate service providers in newspapers, directories, and referrals from government agencies. Make sure to consider everything that the company is offering, particularly the scope of services, pricing and other important terms in the deal. Make sure also to maintain a certain degree of skepticism in your selection to avoid dealing with incompetent companies.

Click for further information on Singapore company incorporation or company set up. (9154)