How To Start A Business In Singapore
How to Start a Business in Singapore
Many international businesses will find quite a few benefits when establishing company headquarters in Singapore. Considered one of the most competitive Asian nation, Singapore’s extremely strong investment and trade activity helps make Singapore one of the easiest places on earth to conduct business. The simple truth is that when professionals learn how to start a business in Singapore, they will be well on their way to financial success.
Why Learn How To Start A Business In Singapore?
One of the prominent reasons that any individual, group of individuals or existing business should have a presence in Singapore is because it possesses a network of more than 50 comprehensive double taxation avoidance agreements that affect the bottom-line of any company. Singapore has executed many different free trade agreements (FTAs). It also has developed quite a few investment guarantee agreements as well. Furthermore, Singapore has on the books extremely rigorously enforced strong intellectual property laws that protect the ideas and plans an individual or group may develop or put into place.
Company Registration Is Easy When You Learn How To Start A Business In Singapore
Registering a company in Singapore can easily be conducted online. This includes the registration of foreign branch offices as well through the Accounting And Corporate Regulatory Authority (ACRA). Any foreign company that wishes to learn how to start a business in Singapore or set up a branch office can do so through approaching these following categories with their corresponding authorities:
- All financial, banking and insurance businesses would go through the Monetary Authority of Singapore (MAS)
- All legal businesses would go through the Attorney-General’s Chambers
- All other categories of business should go through the International Enterprise Singapore (IE)
Finding A Location When You Learn How To Start A Business In Singapore
Individuals, groups of individuals or even established businesses will find a plethora of choice when it comes to securing a location from which to operate. It doesn’t make a difference if your specific needs call for locating in a civic district or in a suburban area, you will be able to find plenty of different types of locations from quite modest to modern, ultra-fancy luxurious accommodations.