Registering A Singapore Company
The company registration process varies from country to country. While each jurisdiction will have their own required due diligence and legalities, there are also common processes. Engaging an experienced corporate services firm helps to ensure a smooth company registration process.
Singapore certainly has stringent controls for new start ups but Singapore government is also pro-active in attracting foreign companies by providing incentives to incorporate in Singapore. Some of the key steps in the process of registering a company in Singapore are:
- Deciding on the name and corporate structure
- Confirming director/s details
- Registering company with ACRA
- Setting up a Singapore corporate bank account
More information on Singapore company registration, including advantages, can be found on our business website.
Benefits of Offshore Banking in Singapore
Singapore offshore banking is a secure, stable and reliable solution for international business. The concept of offshore banking receives negative press at times due to illegal activities it is sometimes used for. However, offshore banking can be an effective strategy for improving efficiency of international business operations. Singapore is one jurisdiction that offers a number of incentives for offshore banking. These include:
- Well regulated banking system
- International financial hub
- Stable economic and political environments
Singapore is attracting increased investment from both high net worth individuals and entrepreneurs wishing to set up a corporate bank account.
More information on Singapore offshore banking can be found here http://www.healyconsultants.com/company-incorporation/singapore-company-incorporation.html.
Singapore Company Set Up
Singapore company set up is relatively quick and efficient due to straightforward incorporation procedures. Singapore's reputation as an efficient regional business hub is growing due to a range of factors including:
- Economic and political stability.
- Recognition in various international business surveys.
- Attractive incentives for setting up and operating a business from this jurisdiction.
Singapore company set up procedures can vary depending on the company type, however key steps include:
- Agreeing on consulting requirements & fees.
- Checking company name availability
- Confirming engagement plan
- Execute procedures for the registration of the Singapore company
- Complete other requirements to support the Singapore company setup such as opening a Singapore corporate bank account or setting up a Singapore virtual office.
For more information on Singapore company set up, visit http://www.healyconsultants.com/company-incorporation/singapore-company-incorporation.html.
