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Singapore company set up is quick and efficient due to simple incorporation procedures which contribute to its first place ranking in the World Bank's Doing Business 2008 Survey. Global entrepreneurs setting up a Singapore company normally experience the following engagement plan: |
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| 1. | Our client settles Healy Consultants' Singapore company set up fees, signs and returns our Client Engagement Letter (which provides details of the new company's planned activities), as well as the preferred corporate structure (including director and shareholder details). |
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| 2. | Healy Consultants drafts a detailed Singapore company registration engagement plan for our client, including details of corporate bank account opening. This step ensures the transparency of our procedures and helps minimise unwanted surprises for our client. |
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| 3. | Healy Consultants checks company name availability with the Accounting and Regulatory Authority of Singapore (ACRA) and, if available, we proceed to legally set up the company. |
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| 4. | Following Singapore company set up, Healy Consultants assists our client in opening a corporate bank account. The majority of our clients choose either a Singapore corporate bank account or a Hong Kong corporate bank account to support their company, for either i) tax efficiency reasons ii) because both jurisdictions are major global financial centres and iii) banks in Singapore and Hong Kong offer multi-currency accounts and world-class Internet banking facilities. |
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| 5. | To support Singapore company registration, Healy Consultants provides our client a Singapore business address for invoicing purposes. Additionally, many clients request telephone, fax and email support for their company following establishment. Alternatively, our client may request a full Singapore virtual office, or rent office space at Healy Consultants' head office in Singapore. |
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| 6. | Healy Consultants assists clients to locate business premises in Singapore and recruit local staff by launching campaigns in local publications such as the Straits Times. |
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| 7. | Some clients request our assistance in securing corporate finance for their Singapore-based projects. Alternatively, Healy Consultants can assist client companies list on the Singapore Stock Exchange, or claim government grants and other financial incentives from the Singapore Economic Development Board (EDB). |
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| 8. | Having set up the Singapore company for our client, Healy Consultants assists small and medium-sized enterprises build their website and obtain exposure on major search engines including Google and Yahoo. |
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| 9. | Following Singapore company set up, Healy Consultants couriers a full company kit (including original Singapore corporate documents, unopened bank correspondence and a client feedback survey) to our client. |
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| 10. | As tax planning in Singapore laws are updated and modified, Healy Consultants will inform our clients and act accordingly. Most recently, ASC announced a strategic direction to work towards full convergence with IFRS for Singapore listed companies. To read more, please visit the Accounting and Corporate Regulatory Athority (ACRA) website. | |
| Contact Us | ||
For more information on Singapore company set up, contact email@healyconsultants.com or call (+65) 6735 0120. |
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| Back to Singapore Company Formation page. | ||
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