Company Registration Essentials In Singapore

By Author: Ritikapol
Total Articles: 10
Comment this article

Singapore has a highly developed, market based economy and is considered one of the easiest places in the world to do business. It is one of the leading financial centers of the world and the port of Singapore is one of the busiest. Starting a business in Singapore allows you to access the economy and the infrastructure with as little effort as possible. Finance is a major part of the economy along with products that are exported to other countries. Tourism and particularly medical tourism is a major draw in Singapore. Foreigners are allowed to setup a Singapore company with minimum paperwork and requirements.

Company Formation in Singapore by Foreigners

The law in Singapore does not allow foreign individuals or entities to register a company on their own. An advisory firm can help you deal with all these issues and the related paperwork. If you are planning to relocate to Singapore then you need an employment pass with which you will be allowed to run the company. If you are not relocating to Singapore then you will need at least one local director as required by the law for Singapore business formation ...
... Some of the requirements for formation of company in Singapore include registering a name for the company, appointing directors, a company secretary, registering the local address, deciding on the paid up capital and the number of shareholders that a private limited company will have.

Register Foreign Company through a Professional Firm

In Singapore it is actually possible to start a company without being in the country. This is due to the lenient rules and regulations that they follow and also because of the professional company formation services that are available here. They can help you find directors who have to be resident in the country, fill up all the paper work that may be necessary and provide all the other information required to form a Singapore company. Not only do they make it easier to start a company but also satisfy some of the basic requirements that a foreigner needs to fulfill before incorporating company in Singapore.