Why is the Assistance of Singapore Company Registration Services Needed?

Singapore company registration services offer end-to-end assistance to the entrepreneur aspirants who wish to set up their business in the thriving land of the city-state. These services aim to make the journey of the aspirants’ smooth and less tiresome. However, many people wrongly assume that the investing in these services are simply waste of money and things of luxury. Sadly enough, they fail to understand the significance of the service providers. They seldom know that these firms can transform the challenging incorporation journey into a smooth sailing experience.

This article excerpt will throw light on the reasons why you should opt for professional Singapore company registration services for your incorporation job. Before diving a little deeper into the discussion, let us know about the basics of Singapore company formation.

Set Up a Company in Singapore to Get Global Exposure

Many entrepreneurs view Singapore as the perfect hub to access the global market. By setting up a business in Singapore, the business enthusiasts can enter into various emerging markets. With neighboring countries like Thailand, Vietnam and Malaysia on one side and Indonesia, the Philippines on the other, the city-state give access to developed and developing markets.

People from both West and East come here and set up their businesses to make their presence felt in this business hub. But, how they can manage the Singapore company formation process so seamlessly in a foreign land? How they go about it? The truth has been disclosed. The foreign entrepreneurs take the assistance of Singapore company registration services. These firms offer comprehensive solutions to make the journey of their client effortless.

Singapore Company Formation: A Brief Introduction

Singapore jurisdiction has long been known for its strict regulations and law-abidance. Everyone must follow the statutory obligations when it comes to any legal procedure. Since company registration involves legal matters too, it must be carried out with sincerity and carefulness. Singapore Companies Act, Cap 50 regulates the incorporation process, and the authority called ACRA (Accounting & Corporate Regulatory Authority) monitors the entire process.

There are two steps of the registration process: 1) Company Name Approval and 2) Company Registration.

The company name approval is subject to the availability with ACRA. It must be unique and does not infringe any copyright law. The company approval can be done in a less time unless the name application requires approval from external authorities. Upon company name approval, the application form for company registration can be submitted with the required documents. The both processes can be completed online.

Although the process is fast and involves minimal bureaucratic hurdles, taking the assistance of company registration services is recommended as they help you in various activities like checking the name availability, preparing the incorporation documents, meeting other statutory obligations.

Requirements of Singapore Company Formation

There are few minimum requirements stated by the authority viz a viz company incorporation.

• At least one local director of 18 and above years of age. He has to be either Singapore citizen, PR or holder of Employment Pass /EntrePass.
• The number of shareholders has to be 1 to 50.
• The minimum paid-up capital is S$1.
• Local registered office address.
• Appointment of one company secretary within six months of incorporation.

Apart from these, there are some documents required such as the copy of passport, copy of overseas residential address proof, bank reference letter (native country) and other KYC documents. For entities, certificate of incorporation and M&AA, etc. have to be submitted.

An incorporation firm will help you all throughout the process with these requirements along with the guidance and assistance. Their services are not just confined to incorporation part but also transcend to beyond registration process, i.e., post-incorporation formalities. Thereby, it makes sense to invest a few dollars in hiring the company registration services like SBS Consulting.

About Us/Bio:

SBS Consulting Pte Ltd is a Singapore company registration services provider widely known for serving top-notch services to both domestic and foreign entrepreneur aspirants. A wide gamut of services can be found under the single roof of the firm.

 

Contact Info:

SBS Consulting Pte Ltd

Visit: https://www.sbsgroup.com.sg/

High Street Center,

#17-02, 1 North Bridge Road,

179094 – Singapore

Phone: +65-6536 0036

Email: info@sbsgroup.com.sg