Points to Consider for Legal Incorporation of New Business in Singapore

Posted by btconsultants on August 28th, 2019

Singapore is a perfect business destination in Asia, where global companies want to setup their new ventures and deal with trusted brands and leading corporate giants for business expansion. There are many significant reasons, which have made Singapore a vital business destination in the world such as modern lifestyle, tax benefits for foreign companies, lower business taxes, strong economy, political support, infrastructure and living standard, international corporate world, easy business setup process, and lots more. These things have fascinated many small to mid size businesses in the world to do new business incorporation in Singapore or setup their head branches in the country too. So, if you are interested to do new business setup in the country, but do not know how to incorporate a company in Singapore in a legal way, you should go through with following tips wisely:

  • You should consult with government approved business consultancy or consultants in Singapore to know right procedures of new company formation in Singapore in an authorized way.
  • On the other hand, you can approach to the genuine business registration agencies in Singapore and apply for the best business incorporation services offered by them.
  • You can also hire legal executives and business advisors to handle process of your business setup in Singapore on behalf of your name or company and file for the same with Singapore government as well.
  • Do arrangements of all required documentations proofs of business, registered address, bank account and business details, contact numbers, etc., and submit all the information to ACRA authority in Singapore for verification process.
  • It is also necessary to provide complete details of company’s name and its approval, directors and shareholders details to the ACRA authority too.
  • Do not forget to submit details of legal passport, business documents, and business passes to stay in Singapore for company setup. Make sure, the director has valid citizenship of Singapore or has permanent residency pass, Employment Pass, S Pass, etc., to work or do business in the country.
  • It is require the company you want to setup in Singapore has its annual paid capital up to S at least.

Thus, above are some genuine things, which you need to follow for company formation in Singapore in a legal way. So, you are supposed to make ready all required documents and eligibility criteria to follow for business incorporation in Singapore. Else, you may take aid of trusted business registration service agencies in Singapore for the same purpose.

All in all, your aim to get company incorporation in Singapore will become successful, if you are eligible and will follow all legal requirements for the same too.

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