Showing posts with label Singapore company incorporation. Show all posts
Showing posts with label Singapore company incorporation. Show all posts

Tuesday, 17 June 2014

Rules to Follow for Singapore Company Incorporation

The most asked question is who can incorporate a company in Singapore. If you are over 18, you can do it. Actually, no specific age is required, except that you need to be over 18. Also, there are some others factors like:

• The person should be residing in Singapore (a local)
• Someone who is staying in Singapore or it can be someone from another country having a local address.
• When it comes to foreigners, they should have a pass, either Employment pass, dependent one or Entrepreneur pass.

So, these people are eligible for Singapore company incorporation.
In addition to what is said before note that the director should not have been bankrupt in the past or been involved in any dishonest practice.


There are several other requirements which need to be fulfilled in order to have successful company incorporation in Singapore.

  • Shareholder (s)
  •  A director
  •   A secretary

Keep in mind that the director and the shareholder can be the same person. However, it is advised to have a separate shareholder because most of the time, financial institutions need two signatures. The company secretary should be a native of the country and should be appointed within 6 months of incorporation.
When it come to the name of the company, make sure it is unique. If it is not, it will be rejected. Singapore Standard Industrial Classification (SSIC) needs to be supplied too. Also, the company should have an address, a local one.

For the regulation of businesses in Singapore, it is the Accounting and Corporate Regulatory Authority (ACRA) which is responsible.

At the end of the day, to make this successful, what is needed is only to follow everything properly. When it comes to foreigners, it is better to appoint a service provider which will guide you all the way.

Friday, 6 June 2014

Service Providers Facilitates the Incorporation in Singapore

Your tax filling is killing you? And you feel like banging your head against the door? Now come the phase: to whom do I go for help? Well, there is nothing to worry about. Impossible is nothing. The one choice you have is: incorporate a Singapore company to benefit low taxes and even tax exemptions. The best part is that there are service providers who can guide you through this.

It is all about hiring an experienced service provider. The law itself says that you need someone in the process because you cannot self-register. You need to be sure about them though because if they are not experienced enough and they miss out on some papers, obviously this will result in the failure of your company. When you hire one, it will all work on the trust factor. They know best about the taxation and can guide you thoroughly in what kind of business activities you should indulge in.


The same tax provider can help you with all the necessary documents and any other information. If you had to do this all by yourself, you will be running here and there for everything. This can have a bad impact on your life. Hence, these providers will facilitate your life. In this way, your personal as well as professional life is balanced.


 The one main worry of anyone incorporation a company in Singapore is any financial deficits. There can even some monetary troubles which can give a halt to your business activities. Incorporation in Singapore should hence be prepared for duty preparation which means that being stuck in any monetary crisis is out of question.

To benefit low tax or tax exemptions for Singapore incorporation it is necessary to hire the trustful and experienced service provider because he will be the one who will be guiding you through the whole processes as well as documentations.