Why Set Up A Company In Singapore
Singapore has easily developed into one of the most popular places where one can start a business. More and more off-shore companies would prefer to set up their office here because it offers one of the most excellent environments for doing business. Those who intend to put up their own company in the Lion City can benefit from this write-up. Detailed below are a few guidelines and the many benefits that you can enjoy.
Singapore is known for having highly advanced technology in terms of infrastructure in the whole of Asia. Its cutting-edge telecommunications and modern public transportation facilities are truly comparable to the best in the global scene. Considering these strengths, specialists now believe that it is the Asian country with the highest living standards.
It boasts of a stable economy and a forward-thinking political environment perfect for business investors. Singapore is known to be a highly regulated country where everything is in order, especially in terms of the business world. One of the reasons for foreigners wanting to invest here is the fact that Singapore is considered as one of the least corrupt countries.
Start by acquainting yourself with the Singapore Companies Act, also known as the SCA. The SCA functions as the governing statute of Singapore's businesses. The type of business and the industry where it will be a part of will affect how long the process of business registration will take. The requirements for registration are quite easy to gather and fulfill which have to be presented and filed within a specified duration.
Appointing of at least one director, one shareholder and one company secretary are a necessity. Shareholders can be a foreign national or a local resident. In terms of the director, he or she must at least be 18 years of age and a permanent resident or citizen of Singapore. But, note that Singapore Employment Pass holders are likewise allowed to take the post of the director. The company secretary must be a Singaporean resident and must be appointed in the company within the first six months of its incorporation. Other prerequisites are a local business address with minimum capital of $1.
Singapore is known for having highly advanced technology in terms of infrastructure in the whole of Asia. Its cutting-edge telecommunications and modern public transportation facilities are truly comparable to the best in the global scene. Considering these strengths, specialists now believe that it is the Asian country with the highest living standards.
It boasts of a stable economy and a forward-thinking political environment perfect for business investors. Singapore is known to be a highly regulated country where everything is in order, especially in terms of the business world. One of the reasons for foreigners wanting to invest here is the fact that Singapore is considered as one of the least corrupt countries.
Start by acquainting yourself with the Singapore Companies Act, also known as the SCA. The SCA functions as the governing statute of Singapore's businesses. The type of business and the industry where it will be a part of will affect how long the process of business registration will take. The requirements for registration are quite easy to gather and fulfill which have to be presented and filed within a specified duration.
Appointing of at least one director, one shareholder and one company secretary are a necessity. Shareholders can be a foreign national or a local resident. In terms of the director, he or she must at least be 18 years of age and a permanent resident or citizen of Singapore. But, note that Singapore Employment Pass holders are likewise allowed to take the post of the director. The company secretary must be a Singaporean resident and must be appointed in the company within the first six months of its incorporation. Other prerequisites are a local business address with minimum capital of $1.
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New Unique Article!
Title: Why Set Up A Company In Singapore
Author: Justine Frost
Email: Buy1GIVE1@gmail.com
Keywords: company formation,company incorporation,company incorporation singapore,company registration,company registration singapore,company set up,company setup,incorporation of company,set up company,singapore company formation,singapore company incorporation,singapore company registration
Word Count: 356
Category: Business
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