Parallel Businesses Picking Up After Singapore Budget 2013
There has been a visible incline in the number of company registrations following the announcement of Budget 2013. The policies on raising the bar of the current state of the small and medium scale industries have inspired more individuals to incorporate in the city-state. An obvious advantage for anyone who is interested in establishing a business in the region is the ease in starting a business in Singapore.
The Singapore Company Registration Services is straightforward. Interested entrepreneurs need only to shell out the bare minimum cost of $315 for government fees, furnish all the needed requirements and submit them to the ACRA (Accounting and Corporate Regulatory Authority). For those who are not that knowledgeable about the requirements, process, timeframe and legalities of registering a business in Singapore, it is advisable to seek the advice of consultancy firms who provide incorporation services. In hiring a professional service provider, one needs only to pay the required fees, provide the necessary requirements, and let the consultancy firm to take care of the process.
The company setup is just the first step in forming a business. Other services that must be considered include corporate secretarial, payroll administration, human resource, tax and accounting, and other business management services. It is important to note that complying with statutory requirements is a priority when you are running a business in Singapore to avoid fines or even, imprisonment. In addressing these, it is important to be knowledgeable about the requirements. Seeking the support from expert consultancy corporate services may be ideal should you require support in the abovementioned areas.
More than easing the startup process, the government initiated policies and schemes to allow enterprises to successfully operate and grow. One of these programmes is the Capability Development Grant (CDG) launched by SPRING (Standards, Productivity and Innovation Board) which provides up to 70% financial assistance to locally registered businesses in different aspects of running a business. The main goal of this programme is to help enterprises to grow and expand. It covers various business development areas that are under key areas such as Business Innovation and Design, Business Strategy Development, Brand Development, Financial Management, and Capital Development. For example, training of employees through technology, improving the standards of business, and overseas expansion.
Need Company Registration Services in Singapore? Please Click: Company Registration in Singapore.