Forming A Company: Where To Start?

By Author: Shayne Hughes
Total Articles: 108
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Knowing where to start forming a company is the basic information necessary for every entrepreneur. Because of this, we will be introducing some information which we think would help local and foreign entrepreneurs form a Singapore company.

Singapore has made Singapore company registration more secured and comfortable. Almost every business processes are fully computerized thus resulting to a faster incorporation. In most cases, if all requirements are available, processing can be accomplished within 3 hours.

First thing to do if you wish to form a Singapore company is to hire a professional business registration firm, which will facilitate all the submission of documents and business registration processes and concerns.

Below are the common things to consider on Singapore company registration.

Investors should come up with a decision on what business structure is suitable on their business operation. The considerations and concerns when you form a Singapore company depend on the type of business structure. The foreign business structures include the following:
Branch office: A branch office ...
... is an extension of its foreign parent company and is not a separate legal entity. Liabilities extend to the parent company.
Subsidiary: A subsidiary is a Singapore private limited company and is a separate legal entity. Liability is limited to the subsidiary and does not extend to the foreign parent company.
Representative office (RO): A RO has no legal status and is a temporary administrative office meant for conducting market research or co-coordinating activities. Liabilities extend to the foreign parent company.

After choosing a business structure, investors can now proceed by securing necessary documents which includes the following:
The approved name of your Singapore corporation;
A brief description of the proposed business activities that your Singapore corporation will engage in;
Particulars of the Singapore corporation's directors, shareholders and company
The corporation's Memorandum and Articles of Association (MAA);
Passport copies or Singapore Identity card (IC) copies of proposed shareholders and directors;
Residential address proof of proposed non-resident shareholders and directors; and
Details of the parent company if the shareholder is a corporate body.

Work visa is another significant item in forming a Singapore company. The following are two of the most common work visas used by foreign companies.
Employment Pass - work visa for foreign professional working in Singapore. Foreign individuals who incorporate a Singapore company and wish to run its operations in the country must also apply for an EP. Non-Singaporean shareholders or managing directors of a Singapore company are also eligible to apply.
EntrePass - work visa that caters to foreign entrepreneurs who lack the appropriate tertiary education or specialist skills qualification, but have proven records of successful accomplishment in business ventures.

Rikvin has been assisting clients from all over the globe in Singapore immigration and company incorporation matters. We assist local and foreign entrepreneurs who want to form a Singapore company. Our success rate is phenomenal, and all most all of our enterprise clients have entrusted us, with the routine management tasks such as book keeping and secretarial services and we continue to impress them beyond our promise.