How can an Indian citizen start a company in Singapore?
Many Indian citizens & companies are looking to start a company in Singapore. If we are to believe the facts, a number of them have already done so. Flipkart Singapore is a prime example of an Indian company that has shifted its base. The straightforward process for establishing a new company set up in Singapore and lower tax rates are a great attraction to Indians. They are also amazed at the ease of doing business in this country. Currently, these island nation ranks 2nd in the World Bank report for this indicator. The lack of bureaucratic hurdles in opening a company in Singapore is also a novelty for them. If you want to start a business in Singapore, you should be ready with pre-incorporation requirements. Accounting and Corporate Regulating Agency (ACRA) has made them mandatory. They are as follows: · 1 to 50 shareholder · S$1 of initial paid-up capital · ...