Singapore Business Registration Options Before Embarking On A Business Registration

There are more reasons for Singapore becoming one of the most sought after business locations worldwide

. In the recent Ease of Doing Business Report Singapore was termed as the world's easiest place to do business. There are many local and foreign individuals who want to have a piece of the lucrative business prospects in Singapore. Taking this into consideration many companies are providing Singapore company registration and incorporation services. These services are made to help the business owners get through the legal complexities of Singapore company incorporation. Both local and foreign company owners are making use of these services to save both time and money.

First step to start a company in Singapore is to start by identifying the kind of business format you want. The type of business should be selected keeping in mind the objectives of the company. There are various types of business that the foreign individuals can opt for such as; they can go for Singapore company registration of a subsidiary company, branch office and representative office. The local businessmen on the other hand have the option of Singapore company registration of a private limited company, sole proprietorship and limited liability partnership. Make sure you go through the norms and regulations for the specific kind of business mentioned in Singapore Companies Act.

Once you have decided on the type of Singapore company registration you want, the next step is to select the Singapore company incorporation and registration services that best suits your needs. There are many types of registration services available in Singapore. Some of them include:

Singapore company registration with all the thoroughly prepared documents for foreign companies, foreign individuals, local residents as well as offshore companies.

Post Singapore company incorporation services in the form of getting licenses, taxation and banking issues and other compliance matters.

Preparing for the Work Visas such as the Employment Pass and EntrePass.

Services to aid in smooth running of the company that include corporate secretarial services, accounting services, virtual office and domain registration.

Such service providers will also provide you with nominee for director, shareholder and agent.

However flexible the business regulations in Singapore might be all the companies have to abide by Singapore Companies Act to get the nod. According to this act no foreign individual or entities can self-register a company. They will need to engage the services of a Singapore company registration company. The foreign individuals also require submitting the name of a Singapore resident director for the company. This person has to either be a Singapore citizen, permanent resident or holder of EntrePass. For any foreign individual it is not possible to scan through the best talent in Singapore. Thus the services of the Singapore company registration and incorporation companies are of immense help to them. Such companies also organize for a physical address for the company and a resident Singapore secretary which are also a must for Singapore company incorporation.

As the need for the services has gone up steeply there are more and more companies offering Singapore company registration and incorporation services. You have to choose the most trusted service among this huge list. Contact One is one such reputed company that has been offering hassle free Singapore Company registration and incorporation services to their huge list of clients. So take up their services and you will have no reason to repent!

by: Clive Reynolds

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