Company formation in Singapore
Modern Singapore is one of the few countries in Asia where economic performance and social standards are constantly improving. This makes Singapore a favorable place for doing business there. It is a country of developed infrastructure, flexible tax policy, a high investment climate, and much more.
Considering Singapore
There are a lot of benefits to having business in Singapore. Singapore provides an opportunity to own an international, stable, and respectable business. Due to its convenient geographical location, international trade is well established in Singapore. Also, many are successfully involved in the tourism, transport, and financial business there. It doesn’t matter what type of activity you choose – in any case, Singapore will provide you with a fairly simple procedure for registering a company and easy business.
Register business
Choosing the right legal form is a responsible task and requires a lot of knowledge and experience about each type of legal entity. Our team of lawyers has vast experience in this field and we will help you with legal services daily.
Business formation steps
Entrepreneurs who are interested in starting a business in Singapore must meet several requirements to quickly and correctly get started on the Singaporean market.
1st Market research
The very first step in the company formation process is market research and entry. Our experts will make the necessary calculations and conduct market research for a successful entry into the Singapore market.
2nd Choosing the company name
The second step is to choose the legal name of a company in Singapore. The selected option must be submitted to the Chamber of Commerce. the company name must be unique and not contain special characters: ( ) ? ! * # /.
3rd Document preparation
The third step includes a lot of paperwork and document preparation. We will assist you to prepare the necessary documents for registering a company.
4th Bank account
Every company goes through a corporate bank account opening step. If you need help choosing corporate banking options in Singapore then our experts can help with that.
5th Tax identification number
Obtaining from the tax service a tax identification number and a VAT number. The entire process of applying for a VAT (GST) number can be completed within 5 business days. Our specialists will provide the best service for representing your company in Singapore tax authorities.
6th License acquisition
The last step is to acquire a business license for the company. Moreover, the company assists in obtaining a license in Singapore.
Service includes comprehensive services for the formation of a company, preparing documents, obtaining the necessary licenses, opening a bank account so that your company successfully enters the Singapore market.
Market research and entry
The very first step before starting a company is researching the market. Only when research is done, the next step is the market entry and company registration.
Market research
Market research is the systematic search, collection, analysis, and presentation of data and information related to a specific market situation faced by an enterprise. Based on well-conducted research, the company gets the opportunity to reduce business risks and possible losses.
Market entry
The very necessary question for any businessperson who would like to enter the market is “why?” The businessman should figure out whether it wants to increase turnover, expand the geography of sales, or attract foreign currency. When you have set a clear task and wrote a business plan, then the entrepreneur should analyze the market, the market dynamics, the country’s trade balance, production volume, and import volume.
Consultation about company formation
Given the state’s interest in a transparent and continuously developing investment climate on its territory, according to local legislation, the registration of a business in Singapore is not burdened with complicated requirements. Our team of lawyers and economists will help you register a company in Singapore, and will advise you on all matters of registering a company.
You can register a company by these legal forms:
Private Limited Company
The most common form of incorporation In Singapore is a Private Limited Company. This type of company is suitable for all commercial purposes – from commodity trading to asset management.
Public Company Limited by Shares
Public Company Limited by Shares has a very similar structure as an LLC. Public Company Limited by Shares stocks(shares) can be the subject of public trade. These shares of the stock can be bought and sold by other shareholders.
Holding Company
Holding Company is meant to hold the outstanding stock of other companies’. This type of companies purpose is to own shares of other companies to form a corporate group.
Branch Office
The branch office is used for companies to satisfy customer needs for face-to-face interaction. Depending on the needs of the business, the Branch office can consist of a single individual or It can be staffed.
Accounting solution
All businesses need to do bookkeeping for their business and complete all conditions and laws of the country. We will take care of all the paperwork. We have an accountant with huge work experience. Feel free to contact us.
We have many years of experience and the necessary knowledge to register a company in Singapore
and provide a solution for your business. Our lawyers, accountants, and business consultants will help you with the process of registering a company and the further conduct of your business. Register the company with us!
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