For those who wish to move operations into Singapore, one of the fastest growing economies today, there are several steps to take into consideration. One of those is how to register a company in Singapore. What is important to know is that there is a lot of leg work that goes into the process. Having a consultant available to help, then, is often necessary to ensure the best possible outcome. Here are a few things to keep in mind.
What You Need to Do
Learning how to register a company in Singapore can be a challenge since there are many steps. First, you need to choose the right type of business structure to maximize taxes, such as a private limited company, sole proprietorship, or a limited liability partnership.
Then, once you are ready to move forward, you will need to provide the company named, approved, and registered with ACRA, the director of operations who is a citizen, a permanent resident, or an EnterPass holder, and at least one shareholder. A local address is necessary to register the company for the Singapore office. In addition to this, the company must have at least one secretary and have a minimum of S$ in initial paid-up capital.
The process of registering can be complex because it requires proof of every step. For those living outside of the country, it is also important to have a local director and a registered filing agent to help complete the process for you.
