The online Blog for the business community...
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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
Posted by Bryan wong about 1 year ago
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 about 1 year 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
Register in less than 10 seconds...
