Find Great Scope of Business Development and Accounting Service in Singapore

Posted by Ai-Accountant on January 14th, 2019

Over the years, the Asian country like Singapore has been reckoned as one of the most popular business destinations in the world, which offers plenty of corporate benefits and business development opportunities for all level enterprises in the world. There are many potential reasons, which can divert attentions of global investors and tycoons to do incorporation of new branches of business in Singapore for global exposure. Some of the major benefits you can experience by setting up a company in Singapore are as follows:

  • Lower tax benefits for foreign investors and new companies
  • Suitable corporate environment to trade freely
  • Security for corporate properties and assets
  • Political support and economical stability
  • International infrastructure and latest technology features
  • Modern lifestyle and blue-chip offices

 The above few reasons make the difference in Singapore to do the business as well as setting up a new company in Singapore for business expansion at global level.

So, if you want to increase approach of business at international standard, you should not be late to approach the corporate legal advisors and consultants in Singapore to know the genuine requirements and documentation process to follow for incorporation new company in the country in a legal way.

Here are some procedures and regulations to do business incorporation and registration in Singapore:

Requirements of Setting up New Company in Singapore First Time

  • It is necessary to first setup a suitable name of the company and gets it approved by the Accounting and Corporate Regularity Authority (ACRA) in Singapore.
  • Make sure, the company’s owner has good business exposure and experience in the corporate industry and must be 18 years of age or more.
  • Do arrange the legal documents and proofs of business such as company’s business records, bank account detail, registered address, contact numbers, business setup form, and many more.
  • Do not forget to give details of company’s shareholders and owner too. Make sure, you have appointed one shareholder and owner of the company for its establishment process.
  • Give details of company’s capital that should be at least S.
  • Do forget to submit proofs of company registered address and bank details
  • It is also mandatory to appoint a finest company secretary to operate the company’s

Thus, above are some prominent requirements for setting up a company in Singapore in an authorized way.

Once you get the setup the new company in Singapore, your next move should be to approve its accounting department work through ACRA. The Accounting and Regularity Corporate Authority (ACRA) in Singapore is responsible for recognizing and verifying legal proofs of new businesses through genuine corporate rules in the country. Also, the authority streamlines the accounting and financial requirements of new and existing corporate businesses in Singapore and give them more benefits of them to earn more revenue for them.

So, if you have any existing business in Singapore and want to manage accounting work of it in a right way, you should hire services of experienced charted accountants in Singapore from ACRA and get the job done. The accounting professionals in Singapore are known for delivering complete solutions for annual audit of company, income tax, finance management, and rest of the monetary benefits for corporate firms in Singapore.

Thus, you will find good scope to do easy setup of business as well as manage accounting work of company in Singapore through ACRA authority.


Ai-Accountant

About the Author

Ai-Accountant
Joined: January 14th, 2019
Articles Posted: 4

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