Company formation in Singapore is one of the fastest transactions to accomplish in the world. In fact if you have all the needed documents, you can incorporate a company in just two days days. Submission of forms and payment are very simple and can be done online. This means that you have more time to concentrate on creating a good business plan and pulling off a promising start.
For companies asking how to register my company, the main cause of delay in incorporation is the preparation of documents. A consultancy agency avoids this inasmuch as it methodically prepares all requirements needed for registration. So what is needed in company incorporation Singapore?
Business name. The business name shouldn't be identical to that of any existing companies within the same industry in Singapore. Hence, it is recommended to propose several names and list them according to priority. This way, the registration service agency would be able to move on to the next preferred name in case the first one has already been reserved or taken.
Business description and names of incorporators. When registering a business in a foreign country, it is expected for a company to provide information such as the business' industry, business model, products and services, directors and shareholders, and paid-up capital. To speed up company incorporation in Singapore, it is wise for an entrepreneur or stakeholder to disclose as much information as he or she can to the corporate service provider.
Office Address. What if a company doesn't have a registered address? A consultancy firm can help companies find a good location based on their business needs. The firm may also handle the leasing process or simply provide good recommendations.
Service cost. Registration service firms charge their clients differently, but most of them offer complete packages for a lump sum. These packages cover professional fees, government fees, and payment for certificates, documents, and other materials and supplies.
What if a company doesn't have a Singapore citizen or Employment Pass holder to serve as director? A consultant from the agency can assume the role of a director to meet the ACRA requirement. The responsibility can be immediately delegated to another person once the company finds the right candidate for this post.
For companies asking how to register my company, the main cause of delay in incorporation is the preparation of documents. A consultancy agency avoids this inasmuch as it methodically prepares all requirements needed for registration. So what is needed in company incorporation Singapore?
Business name. The business name shouldn't be identical to that of any existing companies within the same industry in Singapore. Hence, it is recommended to propose several names and list them according to priority. This way, the registration service agency would be able to move on to the next preferred name in case the first one has already been reserved or taken.
Business description and names of incorporators. When registering a business in a foreign country, it is expected for a company to provide information such as the business' industry, business model, products and services, directors and shareholders, and paid-up capital. To speed up company incorporation in Singapore, it is wise for an entrepreneur or stakeholder to disclose as much information as he or she can to the corporate service provider.
Office Address. What if a company doesn't have a registered address? A consultancy firm can help companies find a good location based on their business needs. The firm may also handle the leasing process or simply provide good recommendations.
Service cost. Registration service firms charge their clients differently, but most of them offer complete packages for a lump sum. These packages cover professional fees, government fees, and payment for certificates, documents, and other materials and supplies.
What if a company doesn't have a Singapore citizen or Employment Pass holder to serve as director? A consultant from the agency can assume the role of a director to meet the ACRA requirement. The responsibility can be immediately delegated to another person once the company finds the right candidate for this post.
About the Author:
Related articles on company formation in singapore or visit www.richmondcorporateadvisory.com
Company formation in Singapore has never been this easy. Thank you for sharing such nice blog.
ReplyDelete