How To Register Company In Singapore
The Process On How To Register Company In Singapore
Companies from across the globe are now continuously penetrating the Singapore territory. With this fact, it has been noted that businessmen are often being challenged by the process on how to register company in Singapore. In order to clear the air of doubt when it comes to the registration process; it is best to start with the assessment.
The Assessment Phase On How To Register Company In Singapore
Initially, the business owner is expected to know his/ her company. Standards for building a business differ from one location to another. Thus, it is advisable to consult with the authorities or related firms in order to be oriented with the requirements.
In the assessment phase, the initial step is to determine the classification where the business falls. In Singapore, the majority of the corporations are classified under Private Limited Liability Company. This is in relation to the fact that the shareholders are not deemed liable for any expense or debts incurred by the company. This is true especially if the amount falls beyond the value of each share owned by the shareholder.
How To Register Company In Singapore: The Source Of Assistance
For entities without the slightest idea regarding the process, there are two common options. First, you can inquire from the authority in charge of the registration. In Singapore, they are recognised as the Accounting and Corporate Regulatory Authority (ACRA). This body can provide you with as much information as possible.
However, for businessmen who do not have time to make inquiries and would like the registration to be done in a breeze, then the second option is for them. The next option is to contact the different firms that offer company registration services. These entities are bound to ensure that your company gets registered within the shortest time possible. But, in order for them to do so, you are to submit all the necessary documentation immediately.