Reasons why you need to Hire Accounting Services and Bookkeeping Services Singapore

Most businesses in Singapore are looking for the most cost effective ways to run their businesses. There are different ways that most businesses are accomplishing this. One of the best ways that they are doing so is hiring professional services to help them carry out different tasks instead of employing permanent employees to do so. Accounting and bookkeeping are two tasks that most businesses are hiring professional services to help them. By working with the accounting services Singapore and bookkeeping services Singapore businesses do not only save money, but also get better services than they would do if they hire accountants as part of their employees. One mistake that many business owners in Singapore make is to treat accounting services Singapore and bookkeeping services Singapore as non core functions. This makes them fail to attain the set goals in the right manner because these are two functions that are core to any success business operation. Hiring accounting services and bookkeeping services assists in streamlining core business operations of a business. Below are some of the major reasons why you should consider hiring accounting services Singapore and bookkeeping services Singapore in your business.

Hiring accounting services Singapore and bookkeeping services Singapore in your business

Accounting & bookkeeping services Singapore

Achieve high level accuracy in all your operations

Hiring accounting services Singapore and bookkeeping services Singapore in your business offer a lot of benefits especially when it comes to ensuring high level accuracy in your business. The good thing is that the services have experts with great skills and knowledge on how to do these tasks in a very accurate manner. You will be able to generate accurate results that can be more than 99 percent accuracy level. By doing this, you can focus more on other back office functions knowing that all your accounting and bookkeeping needs are well catered for. The dedicated and committed staff will be able to handle all your bookkeeping and accounting needs in an efficient and smooth way.

Cost effective Accounting services Singapore & Bookkeeping Services Singapore

Another great advantage of working with the accounting services Singapore and bookkeeping services Singapore is that they are more cost effective compared to the ones that you would incur by employing accountants to handle your accounting and bookkeeping needs. You will end up saving a lot of money on all your operational costs. You will be able to save a lot of money that you can use to fund other core business processes.

Checking fraud

Hiring accounting services Singapore and bookkeeping services Singapore in your business in Singapore can assist you prevent any possible fraud by your employees within the organization. The accounting services Singapore and bookkeeping services Singapore will take accountability for all the transactions and also accuracy and quality control.

High level and efficient payroll processing

On time processing of payroll allow for efficient and quick employee payment through the direct deposits. This ensures that your employees are satisfied. With high level employee satisfaction, you can be assured that they will be more productive leading to higher sales and profits in your business. High level satisfaction and productivity also leads to business augmentation.

Help you to avoid penalties during tax processing

One of the major problems that many people in Singapore face is failure to pay tax within the given deadline. It is good to note that payroll management can result to inaccurate tax filing leading to penalties that might end up being too costly for your business. By hiring the accounting services Singapore and bookkeeping services Singapore your will save your business all these hassles and ensure that you have high accurate payroll processing.

Accounting & bookkeeping services in Singapore

Get benefits with the latest technology

The Singaporean market is changing at a very fast pace. These great changes are being brought about by technological advancement. Your business can avail those progressive technologies by hiring the services of the accounting services Singapore and bookkeeping services Singapore.

Save a lot of processing time

Payroll and accounting processing can consume a lot of your business time. In most cases if you decide to carry out the processes by yourself, there is high likelihood that you will lose focus when you try to manage such processes by yourself. By hiring accounting services Singapore and bookkeeping services Singapore you will end up freeing up a lot of time that will go a long way in leading to more revenue for your business.

Take advantage of the help from experts

Your business might be limited on the level of expertise that you might among your staff members. Accounting services Singapore and bookkeeping services Singapore have professionals who have the right training and skills to carry out different accounting and bookkeeping services in the most effective manner. They have the ability to offer effective tips and also timely advice that pertain to the accounting services Singapore and bookkeeping services Singapore in your business. This means that even if your business expands and grows and things become more complicated you will be able to deal with them in an appropriate manner.

Prevent reconciliation worries that are related to your financial institutions

Bank reconciliations can be very tiring and an ongoing process. You will need to put a lot of efforts and time when it comes to keeping track of your entire payments through bank during the roll out of pay checks. You can avoid all these hassles by hiring professional accounting services Singapore and bookkeeping services Singapore.

Accounting & bookkeeping services

Stay updated with the latest accounting status

All accounting and bookkeeping details can be obtained in a regular manner from the professional accounting services and bookkeeping services. They make use of highly advanced software that can help businesses look at individualized reports that can help you save a lot of your time as you make some of your major business decisions.

How to get the best accounting services Singapore and bookkeeping services Singapore

To ensure that you get the best results when it comes to your business accounting and bookkeeping needs, it is paramount that you work with professional services that have a lot of experience and qualifications in the accounting field. You should also work with the one that charges the most affordable and reasonable fees for the accounting services Singapore and bookkeeping services Singapore they provide in your business. You should also consider the integrity of the services that you hire because they will be dealing with financial issues that are very crucial for your business.

Benefits of Hiring the Right Movers Singapore

Moving can be one of the most exciting time in your life, however with that anticipation you might end up getting a lot of stress in the process. Working with professional movers Singapore will help you have a smooth moving and have peace of mind knowing that everything will be handled professionally and right. Just like when you hire other professionals to help you in other work, there are several benefits that you get by hiring movers Singapore when you are either relocating to another place inside the country or even when you are relocating to another country from Singapore. Below are some of the major benefits that you get.

Hiring the Right Movers Singapore

movers Singapore

Make the planning process easy

If you decide to move by yourself you will face a lot of hassles as you try to plan for the moving process. However, when you hire the movers Singapore, you will have a hassle free planning process. They will help you organize some of your things and you can be assured that everything will be done at the right time. This means that you will not face last minutes issues that might inconvenience or disorganize your entire moving process in Singapore.

Your items are insured and safe

Despite that you think that all your belongings are packed well, it is good to note that accidents do occur. By hiring movers Singapore you can have peace of mind because you know that all your items are safe. The movers have the right insurance cover that ensures that your belongings are protected from all the risks that might occur. All your items will be insured, so in case there are damages are well covered. Reputable movers put the safety of the belongings of their clients as the top priority. So, you can rest knowing that all your items are in perfect hands.

Possess the right tools

For you to have efficient moving in Singapore there are certain equipment that are very essential. Some of these tools are very expensive for you to buy or might not add value to you because you do not need them often. When you work with the professional movers Singapore, you will take advantage of the tools because they have them. They have some complicated tools that make the moving process even more efficient. You will also not go through a lot of hassles as you move out to rent some of these equipment to help you during the relocation process. With the movers, you will have great tools at your disposal and the good thing is that they include the entire cost in the package.

Fewer risks involved

Anything can happen when you are moving. It is possible for unexpected things to come up or change instantly. When you decide to move alone, you will have to deal with such issues alone. Such situations might lead to a lot of stress to you and make your moving process challenging than you might have expected. Hiring the movers Singapore takes off some of the stress from you. When there is a problem that comes up, the movers have experts who will always be there from the start to the end of your moving process to help you solve all the issues that might arise.

Save money

Most people who do not work with the movers Singapore hold that cost is the reason they do so. This might be true because the movers will charge you fees for the services that they provide to you. However, it is worth noting that by working with the movers you will end up saving a lot of money in the long end. You find that working with the movers is a more cost effective option than doing it by yourself. They come up with packing materials that might be expensive for you to buy. Some of these materials include bubble wrap, cardboard boxes and other tools that ensure efficient moving. This means that you do not have to worry about extra costs. In addition, you will also save a lot of time that you might be using to do other profitable tasks in your life.

No worry about lifting heavy items

Moving your heavy items by yourself can be stressing to you. It can also be dangerous to move large furniture because this can lead to injuries. With movers Singapore, you do not have to worry about moving such heavy items because they will help you do so within a very short time. Regardless of the size or heaviness of the items that you have, the experts have the right equipment and apply the right techniques to lift them in an effective manner. The experience that they have will ensure that you find it easy to move with all your belongings.

Have only a single trip

Another great thing about the best movers Singapore is that they have large vehicles that they use to offer the moving services to their clients. They also have a lot of vehicles meaning that regardless of the amount of load that you have, you can be assured that you will just relocate with one trip. You can be assured that you will have an efficient process. This will help you save a lot of time and ensure that you settle quickly in your new place.

Everything will be organized

Most of the movers Singapore have employees who have high level qualification and training when it comes to moving. This means that when you hire them, you can be assured that your moving process will be managed in a professional manner. All your boxes will be labeled well meaning that you will not face a lot of hassles when you start unpacking your items when you arrive at your final destination. Some will also help you organizing your items when you are at your new location. This will make everything move effectively from the time that you start packing until the time that you organize your items in your new location.

To enjoy these benefits, make sure that you only work with reputable movers Singapore.

Why You Should Hire Corporate Secretarial Services in Singapore

Most business owners in Singapore have developed great interest in the different corporate secretarial services that are available in the modecretarial services are helpful in boosting the performance of business in an effective manner. When people utilize these services, they do not have to struggle or go through the stress and hassles involved in hiring secretaries for their businesses. If you are a business owner in Singapore, it is also important that you consider hiring these services instead of having to work with a secretary who is employed of permanent basis. Below are some of the major benefits that you get when you work with the corporate secretarial services Singapore.

Why You Should Hire Corporate Secretarial Services Singapore

No training sessions are required

One of the major benefits that you get from these services is that you will not be required to carry out training sessions. This is because the corporate secretarial services Singapore already have the knowledge and skills required to perform all the secretarial duties that you might have in your business. This means that you will be able to save on your business budget because of the elimination of the training cost. In the long end, you will be bale to make a higher profit because of these reduced costs. The services offer professional secretaries who can handle any job easily and in an efficient manner. In addition, they will not require such training sessions so that they can adapt to your business. In the long run you will find it easy to work with these services instead employing a secretary to perform similar duties.

corporate secretarial services SG

All duties can be performed fast and efficiently

When you hire the corporate secretarial services Singapore, you can be assured that all tasks that you want to be done will be performed fast and in an efficient manner. You do not have to wait for a long time when you have some urgent tasks that you want to be accomplished within a very short time. This is one of the greatest features that is usually provided by most of the secretarial services in Singapore in the modern times. They possess great experience and knowledge on how to handle any kinds of documents that you might have. All the tasks that are related to secretary can be done fast with neat organization. All what you can be assured is that is that you will receive high level satisfaction with the results that you will get by working with these professionals. One thing that you will realize is that the level of efficiency in your business will be improved greatly when you hire the corporate secretarial services Singapore.

Deal with tax documents in an effective manner

Tax is a vital thing in any model of business. It is one of the most popular subjects among many business owners in Singapore in the modern days. However, it is also good to note that there is a large number of business owners who do not have the knowledge on how to handle their tax documents in the right manner. If you are one of them, there is no need to worry because the corporate secretarial services Singapore have the ability to assist you deal with all matters related to tax in a perfect manner. You will avoid the high costs involved in hiring tax consultants. The corporate secretarial services Singapore understands how to deal with tax in a proper manner. They also know how to submit all the needed documents for the tax officials in Singapore without any mistakes and at the right time. Therefore, if you want to avoid all the tax problems, then working with the services is the best option that you have. The good thing is that the corporate secretarial services Singapore are more cost effective compared to other tax consultants. So, you will also save a lot of money in the process.

Have qualified and experienced secretaries

The corporate secretarial services Singapore have highly experienced and qualified secretaries and this is another major reason why you should consider hiring them. They usually have secretaries with many years of experience in handling wide range of secretarial duties. This means that regardless of the type of business that you operate you can be assured that the highly experienced professional secretaries will offer you satisfactory services. They will be in a better position to understand how to resolve any problem or other issues in different business models. The secretaries will offer you options or solution for your business, meaning that they will help your business grow well towards attaining the set goals and objectives. Experience is a great asset that is offered by the corporate secretarial services Singapore. The level of qualifications and experience they have gives you peace of mind that everything in your business will move more efficiently and smoothly.

corporate secretarial services Singapore

Cost effective way to deal with everything

You need to understand that hiring permanent secretaries to work in your business can be quite expensive. It is good to look for ways that you can reduce your overall business costs in order to gain more profits. By working with the corporate secretarial services Singapore, you will reduce the need to work with a lot of employees in your business. It means that you will be able to reduce the number of employees in your business. By doing so, you will be able to save a lot of money for growing and developing your business. Working with these services is a perfect way to make all your business activities more efficient. In the long end you will realize that you will have reduced your overall business costs in a significant manner. This is a perfect way to boost your business profits without a lot of stress and hassles. To ensure that you get the best corporate secretarial services Singapore, make sure that you consider rates, professionalism and other important things.

How to Ensure you get the Best results from your Corporate Secretarial Services Singapore

Over the past years, Singapore has become one of the best places where people can invest and get great returns. There has been a trend in which there are many small start up companies that have come up. As a result of the high cost involved in starting a new business, most of the businesses cannot afford the high cost involved in employing permanent secretaries. This means that most of them to do not have the secretarial services. However, the rise in the number of corporate secretarial services in Singapore in the modern times has made it easy for many business to perform effectively even as start ups. These services have come up because many businesses have also realized on the importance of having secretaries as part of their staff members. Secretaries play vital roles in every business that enhances high level productivity and efficiency. The corporate secretarial services in Singapore focus in providing secretarial services at a low price that even small businesses can afford even with their small budget.corporate secretarial services Singapore

There are a lot benefits that you get by hiring these services that you might not get if you hire a permanent secretary in your business. The corporate services have the ability to deliver fast and fast services leading to high business efficiency. By understanding all the benefits involved you will find out that this is a great option for you. However, in order to ensure that you get the desired results, it is important that you do your homework well to ensure that you get the best corporate secretarial services in Singapore to work with you. Below are some of the factors that you will need to put into consideration during the selection process to ensure that you get the best.

How to Get the Best Corporate Secretarial Services Singapore

Consider the services that they can provide to your business

The corporate secretarial services in Singapore that you hire must have the ability to assist your business with all the required administrative functions. In case you are a start up company, it means that you can leave all the responsibilities of your business registration in the hands of these services. The companies have a lot of knowledge of the best and right channels they should take so that they can provide the best assistance to new business with all the registration needs and other business renewal duties. In case you are planning to expand your business into another state or country and you do not understand how to go through the entire process, the corporate secretarial services in Singapore will help you with the assembling and submission of all the right documents with the right offices. You should look for a corporate service that has the ability to offer you these services in a perfect manner.

Consider the appearance of your potential corporate secretarial services in Singapore

When you hire corporate secretarial services in Singapore, you should expect to get highly professional services. This is why it is very crucial to ensure that you look at the appearance of the different services that you come through during the selection process. When you walk into the company you should expect to be welcomed by a secretary and be handled in a friendly and professional manner. They should look organized and show that they treat the clients with high level priority. Just like when you are looking for other professional services, it is good to ensure that you check their credibility among the businesses they have offered the secretarial services in Singapore. Credible corporate secretarial services in Singapore have an authority in the industry. You can understand this by asking for recommendations or checking what their past clients talk about them in the different online reviews. This will act a guide that will help you get corporate professional services that will offer you satisfactory and professional secretarial services in Singapore.

Focus on high level efficiency

corporate secretarial services SG

High level efficiency is crucial for your business success. If you demonstrate high level efficiency in all your business operations, you stand high chances of attracting more clients leading to more business growth. This is why it is good to look for corporate secretarial services in Singapore with the ability to make sure that your business runs effectively and smoothly at all times. It should have the ability to coordinate different issues in your business to ensure this high level efficiency. They should also have the ability to ensure that your business maintains good relationship with employees and all other stakeholders involved in its operations. The corporate secretarial services in Singapore must have the ability to work together with all the stakeholders and department heads to make sure that everything in your business runs in a smooth manner. With easy flow of all your business operations, you will also find it easy to manage the business regardless of its size. If clients realize that your business is very efficient, they will opt to be your customers, leading to higher revenue and profits in the process.

Consider trustworthiness

The corporate secretarial service that you hire will be coming into contact with a lot of confidential information about your business. This is why it is very crucial to ensure that you look for the corporate secretarial services in Singapore that you can trust not to reveal such confidential information especially to your business competitors. They will come across all your financial prospects and confidential business plan. This is one of the major reasons why not just any corporate secretarial service can fill this crucial position. Other sensitive tasks that requires you to only hire corporate secretarial services in Singapore that you can trust include dealing with taxation and accounting issues. Your selected service will assist your business in filling of taxation files and other registration work. Therefore it is very important that you look for a service that adheres to strong business ethics to ensure your business success. You will be able to determine a corporate secretarial service that you can trust by checking their business core values. You can also understand this by looking at the different reviews and recommendations that you get from their past clients. Always opt for corporate secretarial services in Singapore with high number of positive recommendations.

Singapore Company Registration

Singapore has an outstanding reputation as far as business field is concerned. The government provides a well-structured tax exclusions as well to companies enumerated with them. For that reason, entrepreneurs are moving to Singapore with numerous business proposals. The government of Singapore, according to Singapore Companies Act, permits any individual who is above 18 years to register a company. Nevertheless, several companies in Singapore have been registered as private limited companies. This is because it is a tax efficient corporate frame and none of any shareholders will be liable to company’s debts going beyond the capital they hold.

best-company-registration-Singapore

There are some things which one should consider before approaching the government for business registration.

  • The company should have a valid Singapore address, not a P.O box.
  • The government ought to approve the company’s name.
  • The company may have any number of directors, nonetheless at least one ought to be a Singapore citizen.
  • The company is not a must to have an authorized capital. Nevertheless, a minimum share capital of $1 should be accounted.
  • The company should appoint a Singapore resident as the Company Secretary.
  • Foreign citizens do not need any special Singapore visa in case they wish to incorporate a company there. Nonetheless, if you plan to relocate, you will require an Entrepreneur pass or Employment pass

When these things are all in place, one can now proceed with the registration procedure. At registration time, the registrar would needs the Company name, a description of the activities to be carried out by the business, details of all shareholders, a registered address, company secretary as well as the directors and the Memorandum and Articles of Association. Every person involved in setting up the company should also provide an identity proof.

Singapore Registrar of Companies do have a computerized process which makes registration process simple and efficient procedure. Filling an application form with the Registrar finalizes the company’s name approval or rejection within an hour. After that, registration process will take a few hours’ time as long as documents are kept ready. The process is completed with a registration fee of S$300. For faster approval of the company’s name, the name ought to be new and should not similar to an existing company. The uniqueness guarantees faster approvals.

When done with company registration, the Registrar then sends an email informing process completion and the mail contains the registration number. This is now the official incorporation Certificate. Likewise, the Business Profile will be passed on by mail as well. In order to get the hard copy of the certificate, small fee is payable at the Registrar’s office

Since the whole Singapore company registration process is computerized and well-organized, it is extremely time-saving. Moving to Singapore for business niches is a wise decision for many people due to the pros in terms of tax as well as the efficient bureaucratic procedures.

Setting up a company in Singapore

Singapore is a crucial link between the western and the east hemispheres due to its strategic geographical location. It’s a city that has been chosen as the regional headquarters of major multinational companies primarily due to its extremely favorable business environment. This is why this multi-cultural ultra-modern cosmopolitan city state has one of the largest populations of foreign workers in Asia. This remarkable influx of foreign expertise is made possible by the flexible immigration laws in place within the island city state.
Singapore is a centre of global commerce welding substantial economic clout within Asia and the world as a whole. Businesses setting up shop within Singapore leap immense benefits in the form of free trade agreements, double taxation exceptions and numerous trade incentives that ensure an environment conducive to unparalleled business success.

The Online business registry
Before setting up a company in Singapore, one needs is to register the business at the Bizfile site, an online registry run by the Accounting and regulatory authority. The site will offer the necessary financial and legal services a business requires in order to start full scale operations. The site registers all forms of business venture, regardless of whether the business is a foreign branch of an already existing company or a business start-up beginning from scratch.

The Bizfile site will have links to the Monetary Authority of Singapore which deals with business intending to operate in the banking, insurance and other finance related sectors, the Attorney Generals Chambers which handles all the legal aspects of the registration process and the International Enterprise Authority which deals with businesses intending to operate in the manufacturing, franchise and numerous other service industries. The online business registry ensures that businesses are able to register in the least time possible, with the least hassle and with the highest level of compliance to regulations.

Additional benefits of setting up a company in Singapore
Businesses benefit from a wide array of premium facilities from which to operate. These include offices located in the towering sky scrappers at- heart of the city’s civic business district, spacious factory facilities located in the city’s industrial zones and offices housed in converted residential abodes located in expansive suburbs of the Singapore. An extensive modern and optimally regulated transport infrastructure ensures workers get to work on time, products and services reach their destinations on schedule and business operations run at maximum capacity all year round. The city state’s immense population is guaranteed to quench the workforce requirements of any business regardless of the level of expertise required. Singapore is indeed the place to be in Asia.

Business Singapore: Setting up a Business in Singapore

Recently the World Bank enlisted Singapore as the globe’s most business friendly economy, and setting up a business in Singapore is quite simple. New companies need to register with the Accounting and Corporate Regulatory Authority (ACRA), who offer an online application portal known as BizFile.

 company-registration-Singapore

Registration fees for starting a business in Singapore

In Singapore, ordinary fees for setting up a business total no than $30 or $50 (roughly 60 SGD), and applications are usually processed within fifteen minutes of the fee being remitted. But, a wait of up to two hours can occur if the application requires to be sent to any ministry for review.
Regulations for starting a business in Singapore Limited businesses are the most common set-up in Singapore, and there are a few requirements to be followed for both foreign and local investors.
The director – The director with any Singapore company setup should be a citizen or lasting dweller of Singapore. Must be above eighteen years and not bankrupt.
The shareholder – The law allows for not more than fifty shareholders for any business setup. They could be entity or individuals.
The company secretary – A Singapore business needs to have a secretary. He or she should be appointed within 6 weeks of the business incorporation and need to be dweller of Singapore.
Laws and regulations

The World Bank and IFC website have a full list of laws and civil procedure codes on the matters of credit and business, company and commercial, building and labour, securities, trade and tax.

company-registration-SG
The Singapore Statutes Online web is also important as it has a full list of statutes. It is important to educate yourself before making an investment so as to avoid any mistake or confusion when the business is up and operating.

Permits and licenses

Generally speaking, there’re 3 types of license depending on the business model:

Occupational – for organizations that offers professional services like financial planners or doctors.

Compulsory – they are for liquor distributors, moneylenders and travel agencies.

Business activity – they are for people dealing with controlled products, hiring foreign workers or exporting goods.

It is important to obtain the right license for your company to avoid running into issues from the word go. The law states that, in order to set up a business in Singapore, the company must have one movie director, one company assistant and not less than one shareholder.

With these few tips, you are ready to start your own business in Singapore. Don’t waste the opportunity.

Requirements and considerations required to register company Singapore


Unlike many countries, Singapore has a tax system which is flexible, has less bureaucracy and unique infrastructure which makes it a prestigious place to establish a business. Just like in almost all countries in the world, when setting up a business, you must register it with the government of that country. Singapore is no exception. Foreigners are usually most affected when they try to register company Singapore because they have to adhere to certain requirements and make certain considerations before deciding to set up. The most common legal form of business that foreigners in Singapore can register is a private limited company. Citizens are however free to register any type of business.

One requirement to adhere to when you register company Singapore is that the business can have a minimum of one shareholder. Total foreign ownership is allowed and therefore shareholders can all be foreigners. Another requirement is that one director of the company must be a resident of Singapore. A foreigner with am employment pass is legible. Another one is that one of the company secretaries has to be a Singaporean resident and must be qualified for that position. Another requirement is that you must have a Singaporean registered address for the company that you are registering because post office addresses are not used.There are several considerations that you must make when you want to register company Singapore. You must consider the choice and definition of the activities of the company. This is because some activities are controlled by the Singaporean state authority and such activities require licenses and permits. This consideration should be made mostly by businesses in the banking, insurance, education and food and hospitality industries. You must also consider the name that you chose for the company and very if it is unique. This is because a name that has already been registered by someone else will not be approved.

You must also consider the amount of paid-up capital required for your particular business. You can incorporate a company with capital amount that is a slow as a dollar hence some businesses are required to have a specific amount of paid-up capital or more. For instance a tourist business is required to have $100,000 or more of paid-up capital. You must also consider your shareholders and ensure that at least one is a Singaporean resident. Directors are also an important consideration or any business that is setting up in Singapore. You must also consider all the required documentation required when registering a business in Singapore.

Register Company In Singapore – Important Facts Regarding Company Formation

If you would like to register company in Singapore, then you would certainly be interested to note that the majority of companies in the region are registered as private limited companies. This means the company will operate as a separate entity. As a result, shareholders have nothing to do with the debts of the company particularly when it goes beyond the share capital amount contributed.

registration-for-business-SG
When it comes to the name of the company, it ought to get approval before incorporation is done. Also, you will need to have at least one resident director and this must be a citizen who resides in Singapore permanently. Remember, this is a mandatory requirement although no limitation is put on the number of extra foreign or local directors that can be appointed. Even so, directors of the company must be 18 years old.

If you have decided to register company in Singapore, the company is allowed to have between 1 and 50 shareholders. However, a shareholder can be a director and vice versa or they can act as different persons. A company is also allowed to issue new shares or transfer already existing shares after the company has completed the incorporation procedures successfully.

A company is also expected to appoint a highly skilled company secretary. This should be done within six months of incorporation. Most importantly, a sole director or a sole shareholder can take on the role of company secretary as well. A company secretary is expected to be a citizen of Singapore.

Yet another requirement is a registered address. To incorporate a company in Singapore, it is a mandatory requirement that you provide the authorities with a local address of your company. The address should ideally be an address of the physical location of the company. So, it could either be physical commercial or residential address. P.O. BOX addresses are not allowed.

On matters involving taxation, you will be glad to realize that registered companies in Singapore enjoy highly attractive tax incentives and exemptions. As a result, your company will pay under 9% for the initial S$300,000 of the yearly profits and a 17% flat rate thereafter. You will also be happy to learn that there are no dividend taxes or capital gains taxes if you register company in Singapore. The business enabling environment and the superb tax benefits are some of the main reasons why many entrepreneurs from all over the globe prefer to set up their companies in Singapore.

REGISTERING A COMPANY IN SINGAPORE

Singapore is an Island country in Southeast Asia. It is a country that offers good business environment for both for locals and foreigners. Singapore is fast becoming the mark of future business and foreign investments due to its emergent economies. Due to the generous and relaxed policies for registering companies more people are attracted to Singapore for investments. Whether you’re an individual or a company, the procedure to register company in Singapore is simple.

starting-up-company-SG
Foreign and local business people over 18 years of age, can set up and register company in Singapore. Foreign persons are banned business or company, it is a obligatory requirement to take on firm.
The agency responsible for the registration for the company in Singapore is the ACRA. All applications are done online through Bizfile ACRA’s recovery system.
To start a Limited Company in Singapore, the following steps are required:
1. Eligibility requirements: prior to registration of a private limited company at the Singapore Registrar of Companies, there are certain things that must be measured. The corporation must:Have at least a director who must be a Singapore Citizen, Permanent Occupant in Singapore, a pass holder.Have a Singapore local address for the place of business.

2. Set up an approved name for the company. Swift tips for a flourishing approval is a name that is not obscene, is not related to an existing Singapore company name, is not already held in reserve and does not have any trademark infringements.

3. When the name has been approved, then the Certificate of Incorporation process takes place. A registration fee is requisite. Filing documents include a range of forms that require a Memorandum and Articles of Association (“MAA”) which outlines the company’s by-laws, organization and business activities. A Certificate of Identity, a Declaration of Compliance, office registered hours and the Director’s and top staff identities are additional information to be filed. Whatever registration firm that is chosen to represent a new business owner, will supply the necessary incorporating forms needed.

The entire registration process is automatic and efficient, the registration is extremely time-saving. Relocation to Singapore for business opportunities is a shrewd option for most of people due to the advantages in terms of tax and also the efficient bureaucratic processes. There are many benefits to registering a business:

registration-for-business-Singapore

1.The attractive tax regime makes Singapore a great investment destination.

2.Avoidance of double taxation Agreement is present for internationally trading companies.

3. Strategic location of Singapore in International trade.
There numerous advantages to registering a company in Singapore. Be wise to start now.