Singapore is the ideal location to start a business. Have you decided to start a company in Singapore? If so then it is essential to register a company in Singapore because of the ease of doing business as well as tax freedom that the government provides. There are many obligations you must discharge for beginning a Singapore business. It is because it has its own fulfillment needs. They are very useful for maintaining a law company environment. The Singapore business registration procedure is as per the companies act.
The ACRA (Accounting & Corporate Regulatory Authority) also acts as the company register of Singapore who supervises the procedure for register company in singapore. If you decided to set up a new company, you need to follow the needs prescribed by the ACRA. Setting up a company in Singapore can be time consuming and tiresome. So it is essential to hire an agency to get help. The foreigner who needs to start a business in Singapore must get aid from the local registration provider it is because they are permitted to self-register a new company.
Hire the best business registration provider
Do you search for the best business registration provider? If so then we are the right choice. At a1corp, the experts will provide only reliable and cost-effective service to customers. We have an affordable incorporation package for our customers. We provide an effective guide on how to register a company in Singapore. Our guide included details procedure of pre & post registration document needs and step by step business registration process. The time takes to register a business in Singapore is within a day.
Guide to register a company
Before starting the registration procedure, you need to identify which business structure is suitable for you. There are different types of business structure to choose from such as Private Limited Company. Limited Liability Partnership and sole proprietorship. The businesses need to make sure about the business structure. Most of the business owners choose Private Limited Company to register their companies in Singapore. It is compulsory for companies to use Pvt Ltd because it is an integral part of their company name. The person who needs to register a company must be above 18 for incorporating a private limited company in Singapore. The registration of the business is carried out by the ACRA. The disadvantage of Private Limited Company is very low when compared to other business structure.
Pre-registration needs to register a company
Here below are some pre-registration needs to register a business in Singapore:
- The person needs to appoint one resident director in their company
- Must have 1 to 50 shareholders
- Need a local registered address for the company in Singapore. The A1 Singapore virtual business address can be used as a registered address for companies.
- Should appoint a business secretary within six months from the date of business incorporation
- Need to pay an initial capital