How To Register A Company In Singapore
How To Register A Company In Singapore: Your One-Stop Shop
Registering a company in Singapore is a very attractive option for companies in the West that are looking to expand eastward. Out of the many Southeast Asian countries, Singapore bags the top spot for a number of global surveys that include the most livable city for expats and with the highest standard of living in Asia. Despite its open economy, the country has managed to weather possible economic challenges because of its conservative fiscal policies and stable political environment.
Foreign companies in Singapore enjoy favorable tax incentives, lower corporate tax rates (with a flat headlining rate of 17%) and GST (Goods and Services Tax) refunds, making it a very economic place to conduct business. Singapore also removes the burden of double taxation for foreign companies that want to set up their operations on its shores. The country has entered tax treaties with over 86 countries.
How To Register A Company In Singapore: Requirements For Foreign Business Entities
The Singapore company incorporation process does not take long as there’s no red tape involved. The Singapore Registrar office also makes use of high-tech computerised software that is both quick and easy to use. Foreign companies can expect to get incorporated in Singapore for only one to two days.
The documents require for foreign entities incorporating their businesses in Singapore include the corporate name, a brief on the company operation, details of the shareholders and directors (including their passport, proof of residential address, etc.), a registered address, the corporate secretary’s background, and registered address. These should be presented at once for faster document processing.
How To Register A Company In Singapore: Where To Go
Richmond Corporate Advisory consultants are very adept with Singapore laws and regulations, making sure that your company is operating in the country legally and in compliance with the state. They can also guide you all the way through the incorporation process, from taking care of visa processing for your employees to registering your company so that no time is wasted on your part.