Form Your Company

  If you want to open a company in Singapore, you need to apply to the Accounting & Corporate Regulatory Authority (ACRA). This agency acts as the Company Registrar of Singapore. Anyone above 18 years of age can open a company in Singapore. Foreign entrepreneurs need to hire a reliable provider of services to start a company in Singapore. Many local entrepreneurs also use these third-party services. Look for a promotional package that provides you with essential services like company incorporation, company secretary, and registered office address at an affordable cost. Why Start a Private Limited Company The business owners prefer to start a private limited company. It greatly enhances your ability to manage the risk, credibility, liability, and growth of your business. A private limited company: Has a distinct identity from its owner Limits the liability of its shareholders to their share capital Is a tax-efficient entity Foreigners are all...

Is Singapore business registration too difficult to accomplish? No, it is not. However, if you move to a different jurisdiction like Singapore, forming a new business seems an uphill task. However, you should not let it get you down. Invest some time knowing the key facts of registering a new company in Singapore. And, there are professional firms or agents that can help you in this task. You can keep your initial costs down by searching for their promotional offers. Forming a Private Limited Company in Singapore To register a private limited company, you need to apply to Accounting and Corporate Regulatory Authority (ACRA). It limits the shareholder's liability to the amount they have in shares. It is a separate entity from its stakeholders. It takes only 1-3 days to register a company in Singapore. Pre-incorporation Requirements You need to fulfill the requirements listed below: The minimum initial capital of S$1 At least one shareholder At least one l...

  For many of us, life goes on as usual. Then the idea bug bites and a few of us wake up to an idea. And their conscious start itching to break away from the 9-5 rut. Independence. Company incorporation in Singapore is the way to follow. What really happened in your case? Did you arrive at your innovative business idea gradually? Or was it a quick blast that revealed value addition to the existing solutions? Whatever the case, now your job is to opt to set up a business in Singapore and execute your idea. How to Setup Business in Singapore It is easy for you as a Native or Permanent Resident to set up a business in Singapore. It is natural and is expected of you. Many foreign entrepreneurs also opt for company incorporation in Singapore. And the authorities here have made it easy too. You can hire a company incorporation service provider or an agent. The process for company incorporation in Singapore is a highly streamlined one. Local and even foreign entrepreneurs can comp...

  As per the Accounting and Corporate Regulatory Authority (ACRA), you must regularly update your business books. And a business' accounting starts with bookkeeping. You choose to do it in-house or hire a provider of accounting and bookkeeping services in Singapore. What is Bookkeeping? Doing bookkeeping for your business means classifying, arranging, and recording all its day-to-day financial transactions. You must bookkeep from Day One till you close your business. You need to take into focus on: Products or services sale Purchases Deposits Transfer of money Bills Salary, incentive, and bonus paid Taxes A bookkeeping services provider can help you digitise your financial transactions, which you can process to understand: Business incomes and expenditures How to forecast and plan to grow your business Number of employees you can employ Supplies you can keep in stock Products you can make and...