Singapore is a fascinating country that boats its worth through its world-class infrastructure, lightening, IT sector, and corporate industry, which diverts the attention of global businesses to set up their new branches in the nation too. Apart from that, there are many impressive factors about city-state that make investors and entrepreneurs get engrossed to do business in Singapore such as lower taxes, economic stability, political support, good business opportunities, easy business setup, and registration process, work permits, business passes, and much more. Thus, you will experience so much ease in all aspects in Singapore which make the country a suitable business destination and workplace across the world.
No worries, if you are still unaware of how to register a company in Singapore or want to incorporate new firm in the nation? You should get in touch with any top-most business registration service agencies in Singapore and grab the details of doing the same in a legal way. Besides it, you will find legal professionals in the agency, which will make it possible for your new company’s incorporation to its registration process to be done in a well-organized way. Thus, it will become feasible to set up a company or branch of business in Singapore with aid of skilled professionals available at authorized business registration agencies of the nation.
Here are some necessary requirements that you need to be fulfilled for applying for business registration in Singapore legally.
Approval for New Company’s Name
In the process of business registration, you first need to get the approval company’s name as well. Make sure, the name of the company looks decent and professional too. Also, you need to obtain the approval certificate of company’s name through ACRA in Singapore too.
Company’s Director and Shareholders
Do not forget to submit details of the company’s owner who should be a Singaporean or have a legal business pass or work permit to stay in the country for doing business in the country. Also, the owner should have a clear background and must have completed his or her 18 years age.
On the other end, you can appoint shareholders of the company that may increase in numbers up to 50 only. Give proper details about the owner and shareholders of the company to the Accounting and Corporate Regularity Authority in Singapore wisely.
Paid-Capital and Financial Status of Company
It is also necessary to declare the company’s paid-capital or financial status to the ACRA authority in Singapore. Make sure the company’s financial capital status is at least S1$ or more.
Company’s Address and Bank Account Details
You also need to provide proper details of the company’s registered address and bank account information to the ACRA. Make sure the company’s address and bank account have been verified by the legal authority in the country too.
Company’s Secretary Appointment
It is also necessary to do the appointment of an in-house company secretary after six months of company set up in Singapore. It is a mandatory norm as per ACT, Section 171 in the country. Thus, the company secretary will further take care of the company’s all legal issues, operation, and clients’ matters as per legal norms in Singapore.
Thus, the above points will surely help you to acknowledge the legal requirements of company registration in Singapore easily.
After registration of your company in Singapore, you will become free to run business in the country and deal with customers easily.
Accounting Services in Singapore for Corporate Businesses
If you are getting hassles in managing accounting works of your business in Singapore and do not know how to manage the bulk of assignments or keep secure records of clients’ data, you do not need to be worried about it. You are required to rush to the genuine accounting services in Singapore. At such stops, you will get complete solutions of the company’s best accounting needs like financial planning, taxation, xbrl filing, income tax, annual audit, bookkeeping, and much more. You will get the best solutions for all such accounting requirements of business from authorized accounting service firms in Singapore at affordable charges.
Thus, you will experience the great possibilities to do easy business registration and accounting services in Singapore from legal authorities and accounting firms in the country.