Thanks to reliable business solutions providers, you can now have your Singapore-based company incorporated fast and easily. The beauty of it is that the government has made the process transparent and straightforward to rule out cases of corruption and fraud by rogue 3rd party solution providers. However, most of these solution providers are genuine and will help you go about it within a short time. You can try company registration with One Visa Singapore for excellent and prompt services today. This publication will guide you on all that you need to incorporate and register a company in Singapore.
Get the best company registration solution provider
With the intense use of the Internet, one can find numerous listings for company registration solutions providers in Singapore. All you need to do is enter a search query on the search engine and start the selection procedure. Consider what other clients say about their services from the feedback forum. Also, check the description of their services to see if they fit your needs.
Prepare the requirements for company incorporation
As much as one will be using an agent to take care of the process, there are things you need to prepare for the process to be a success. They include the following;
- Company name – It ought to be unique, having done the search previously to ensure no one else is using it.
- Paid up capital – One ought to declare the capital they have put in place for the purpose of starting the company.
- Main activities – The nature and main focus of operations for the business.
- Registered office address – An address not only identifies the location of the business but also for all official contacts.
- Main directors – Who constitutes the board of directors
- Shareholders – Who are the shareholders of the company? It may be one or many.
Understand the type of companies in Singapore
Singapore has categorized the types of companies for easy incorporation. One needs to understand which category theirs fall into before they start the process. They include the following;
Private limited company
According to the guidelines, this company incorporation category must have less than 50 shareholders with its shares not available to the public. On the same note, the company, and shareholders are two different legal entities. In fact, this is the most popular incorporation in Singapore. The name will end with Pte Ltd.
Subsidiary company
Mainly, this is a small company which opens in Singapore under a big company as the main shareholder. Similar to the private limited, the two will be treated separately in terms of legal matters. The registration and incorporation process is similar to that of the private entity.
A branch office company
Those companies incorporated under this category are usually part of a big overseas company. Singapore treats these companies no differently from their parent companies, which makes all the main decisions concerning it. In fact, its legal entities are bound by those of the main company.
Conclusion
A business person intending to start a business in Singapore will have an easy time if they understand all the above-discussed points. However, a reliable agent will help you go through the process of your company incorporation with ease.