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Important Questions Regarding Singapore Company Registration Singapore is expected to remain one of the hottest destinations for entrepreneurs from all over the globe in the New Year with the tag of easiest place in the world to do business and with a number of advantages for business owners. With rising interest in doing business in the country, there are a number of questions by foreigners on how to register a foreign owned company in Singapore. Some of the more common questions and their answers are as follows: Q – What are the rules regarding foreign shareholders and directors in a Singapore Company? A – As far as shareholders are concerned, they... read more
Main differences between Singapore Branch and Singapore Subsidiary The two most important options for foreign companies incorporating in Singapore are either registering a Singapore branch office or a Singapore subsidiary company. Both types of offices can be fully foreign owned and can even be managed from overseas. However, each of those two companies have their own characteristics and it is highly important that foreign business owners first learn about branch offices and subsidiaries in Singapore and understand what is right for their specific situation. Some of the main differences between the two types of companies are as follows: 1) Legal Status: A Singapore subsidiary company has its own legal status. This type of... read more
What to do immediately after setting up a company in Singapore Foreigners can complete the entire Singapore company registration formalities within a day or two from overseas itself. In fact it is so simple to start a foreign owned company in Singapore that many consultants would advise clients to start preparing for the post-registration formalities while planning their Singapore foray. For foreign companies, there is some mandatory requirements post registration and there are other activities these companies must do purely from business operations point of view. Some of the aspects one needs to take care of after setting up a company in Singapore are as follows: 1) Immediately after the registration formalities... read more
How to Structure your Singapore Company Foreign companies or entrepreneurs that want to register a business in Singapore have to follow the mandatory structural requirements for their Singapore Company. The requirements as set by the Companies Act are quite minimal and straightforward. Since foreigners are required to engage the services of an incorporation service provider based in Singapore, the agency you are working with will be able to help you with all mandatory requirements. The first thing that you should know is that of company directors. While foreigners are allowed to act as managing directors of companies incorporated in Singapore, every company needs to have at least one director who is a... read more
Singapore Labor Laws Ensure Smooth Operations of Companies Singapore’s business environment is considered amongst the country’s most important assets to attract foreign direct investment. Currently Singapore is ranked as the easiest nation to do business by the World Bank and is also the least corrupt nation in Asia as per the latest Corruption Perception Index released by Transparency International. As a matter of fact, until last year, Singapore was the least corrupt nation in the world as per the same survey. Government of Singapore is known to create laws that are beneficial to both the economy of the country as well as companies operating in Singapore. In that regard, the... read more
If you study the entire Asian continent carefully, you will see that there are several nations that have vibrant economies and have a lot of potential to grow further. Of course the two Asian giants China and India are dominating economic news by being the world’s fastest and second fastest growing economy respectively. However, while there are many countries in the continent that are growing quite fast, a lot of foreign investors that look at Asia prefer investing in places like Singapore. There are several reasons for this but one of the most important factors is the comfort factor Singapore provides foreign business owners and global investors. One of... read more
Over the years Singapore has grown in stature as a business destination and at the moment, the country offers some of the most rewarding investment options to investors or entrepreneurs from all over the world. The best thing about investing in Singapore is that the laws are the same for locals as well as foreigners in most sectors and foreign business owners can easily setup a company in the country within a day if required. Some of the investment options for foreign entrepreneurs in Singapore are as follows: 1) Singapore dollar: For those who are well-versed in foreign currency trading, the Singapore dollar has emerged as one of the safest... read more
Despite the global economic recession and talk of a slowdown in Singapore’s economy for the next few quarters, the number of foreign companies trying to incorporate a business in the country has remained strong and the numbers are not expected to go down anytime soon. As a matter of fact, many expect more foreign owned companies being registered in Singapore over the next few years. This is mainly thanks to the incredible number of benefits of doing business in Singapore. The World Bank continued to rank the country in the number one position for overall ease of doing business in its annual Doing Business report. Needless to say... read more
While setting up a company in Singapore is already quite a simple process, it is possible for foreign businesses or entrepreneurs to make the procedure even simpler. They can do this by taking care of a few things that make sure there are no unforeseen hindrances or there are no delays due to not having all required information. There are several steps a foreign business owner can take to make things easy for entering the Singapore market, some of which are as follows: 1) Singapore requires all foreigners to first contact incorporation service providers based in Singapore itself and utilize their services for registering the company. Foreigners cannot simply self-register their... read more
Foreign companies or entrepreneurs planning on Singapore company incorporation can effectively complete the entire business registration process within a day or two. This is without even visiting Singapore even once. Usually setting up a company in the country is quite a straightforward affair and as long as foreign business owners follow a few do’s and don’ts, there will be no hindrances in completing the company registration procedures. Do’s Some of the simple things you need to do are as follows: 1) Talk to a professional incorporation service provider in Singapore and ask them exactly what documents are required for company registration. Arrange for these documents in advance and do not wait... read more
It is incredibly simple for a foreign company or an overseas entrepreneur to setup a company in Singapore without even visiting the country. It takes about a day or two for the entire process and the business can commence operations almost immediately upon incorporation. However, even though the business registration process is quite simple, it is always advisable to do your homework beforehand and know at least the basic facts regarding Singapore company incorporation so that there are no sudden surprises in store for you. Some of the basic facts you should be aware of are as follows: 1) If you are an individual entrepreneur, you will need to submit... read more
Posted by Bryan wong over 6 years ago
For any government agency in Singapore the Company Registrar is one of the most important key personnel responsible for the company. The company registrar has a huge role to play as his responsibilities are most significant to the extent of developing Singapore’s dynamically developing economy and therefore has a very important contribution to make towards the growth of the Asian continent itself. The Accounting and Corporate Regulatory Authority (ACRA) acts as the Company Registrar in Singapore. The creation and enforcement of all regulatory and statutory requirements of all businesses and also public accountants lies in the hands of the ACRA.... read more
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