123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Steps Involved In Registering Your New Business In Singapore

Profile Picture
By Author: A1 Corp
Total Articles: 228
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Starting and running your own business is a smart way to increase your income. If you want to acquire the full benefits of your company, it is advised to choose the right location. There are many destinations suitable for starting a business, but Singapore gains more fame among people due to various reasons. It includes:
- A completely robust economy
- Excellent infrastructure
- Strategic and attractive geographical location
- Rational tax facilities with reduced tax rates
- An efficient procedure for setting up and running your new company
- A productive and well-trained workforce
- Well-developed financial system and capital markets
- The stable economic and political climate

These are the key highlights of Singapore that encourage many people

a1corp.com.sg/singapore-company-formation>to consider company registration
in Singapore. It is highly recommended to learn the procedures to start your business in this country, which explained below.

Reserve the company name
The first step is to apply to the Singapore Registrar of Companies. The registrar will incorporate your company surprisingly on the same day. There is an excellent facility available for everyone to reserve the name of your company and register it at a time. It is good news for everyone that the government of Singapore approve the company name before registering it. If you desire to expedite this process, you can choose the company based on these following guidelines.
- Make your company name unique from existing local business names
- Avoid using obscene, rude or dirty names
- Avoid infringing with other trademarks
- Ensure that the company name is not previously reserved

If you experience any challenges while selecting the name, you can make use of professional company registration services.

Register your business
After approving the company, Registrar of Companies processes the incorporation documents and application as soon as possible. The experienced service providers ensure that the documents are entirely in order.

Open a separate account for your company
It is a known fact that there are lots of banks available in Singapore. It includes UOB, OCBC, DBS, Citibank, Standard Chartered, HSBC, and more. Choosing the right bank is not a simple task so that you can get better assistance from trusted service providers. They not only guide you on company registration process in Singapore but also help you to choose a perfect bank.

Apply for your business license
Regardless of your business type, you need a license. If your company perform any one of these following activities, you should apply for a business license. It includes:
- Travel agencies
- Employment agency
- Financial services
- Employment agency
- Educational institutes
- Restaurants
- Export/import of goods

GST registration
The business registration company helps you to earn more income. If you want to manage your business revenue, you can register for the GST. It is as important as company registration in Singapore. If you grab the GST registration, there is an excellent chance for charging your buyers an extra 7% for offered services and products.

Yearly filing requirements
Handling the yearly filing formalities and requirements is a difficult job, so you can let the experts manage these processes. It not only save time and money but also ensure that you run the business in this destination peacefully and smartly.

A1corp.com.sg is a comprehensive guide to the company registration requirements, procedure and costs for registering and operating a private limited company in Singapore.

Reference:
$185 Singapore Company Registration, Formation, Setup & Incorporation Services by A1corp.com.sg

Total Views: 42Word Count: 576See All articles From Author

Add Comment

Business Articles

1. How An Investor Made $1 Million From A Retirement Saving Of $35,000
Author: maria

2. How The Covid-19 Pandemic Led To An Increase In Cryptocurrency Scams?
Author: Alex Miller

3. Complex Fertilizers Market To Hit 54.32 Billion Usd By 2022
Author: Sonal

4. Car Insurance Calgary: Some Basic Pointers To Buy Insurance
Author: Jason Davis

5. How To Prevent Ransomware With Some Simple Tips?
Author: defencebyte

6. Covid-19 Impact On Medical Supplies Market | Increased Demand Of Ppe Kits And N95 Masks Globally
Author: robert henric

7. 8 Things To Know Before Contacting A Website Development Company
Author: Ratnesh sharma

8. Flavor Enhancers Market: Significant Growth Is Observed In The Asia-pacific Region
Author: Sonal

9. How To Setup Battery Manufacturing Business In India?
Author: SolutionBuggy

10. A Basic Summary Of A Bariatric Post Op Diet
Author: Johnny Kwon

11. Defining Features Of Awg Fire Alarm Cable
Author: Greg Anixter

12. The Future Of Communication - Contactless Near Field Communication (nfc)
Author: NFC Tagify

13. Covid-19 Impact Analyzer For Peptides And Heparin Market Through, Concludes Fact.mr
Author: Faisal

14. Four Steps For The Perfect Fresh Coat Of Paint
Author: Jrossi Construction

15. Best Astrologer In Mississauga | Famous Indian Astrologer In Mississauga
Author: Pandit Ganapathi

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: