Company Incorporation is Easy in Singapore?

Company Incorporation is Easy in Singapore-Blog Is it easy to relocate or start a new business in Singapore? Yes, it is. Anyone over 18 years of age can successfully do company incorporation in Singapore.

Even as a foreign entrepreneur, you can easily complete your business incorporation Singapore. But, you will need the assistance of company incorporation services Singapore.

Procedure for Company Incorporation in Singapore

Company incorporation in Singapore is an online process. The authorities have streamlined it (only 2 steps) and made it easy. If you are a local, you can start it by visiting the BizFile+ web portal. However, many Singaporean business owners appoint company incorporation services Singapore for the task.

You need to apply to Accounting and Corporate Regulatory Authority (ACRA). It is the Company Registrar of Singapore and governs the companies in Singapore.

Step 1# Register Company Name

During the first step, your agent applies to ACRA and registers your company name. Supply them with a list of company names. Their expert logs on the web portal and check each name on the list for availability. They register the available name for your use for 60 days by paying the official ACRA fee of $15.

Step 2# Register Company with ACRA

To initiate the second step, your agent requires your incorporation and KYC documents. They submit these to the ACRA along with the application. The agency wants to know who the final beneficiary in your company is. They apply to ACRA for your business incorporation in Singapore and pay the official fees of $300.

Incorporation Certificate

ACRA takes about 1-3 days for new company incorporation in Singapore. If it approves your application, the agency sends you an incorporation email. You can use it as an Incorporation Certificate in Singapore. Your agent can pay a small fee and get its hard copy if you require to use it outside Singapore.

Post-Incorporation Tasks

After the successful company incorporation in Singapore, you need to complete a few tasks. First of all, open a corporate bank account for your company. You also need to open a CPF account and top it up. Check whether your business needs any business licenses and permits and get them.

If you still have any questions, call us on +65-6536 0036 or email us at info@sbsgroup.com.sg to know do your business incorporation Singapore easy.
https://www.sbsgroup.com.sg/incorporate-a-singapore-company/