Understand the Jurisdictions Setup Requirement Before Proceed Your Singapore Company Formation
Singapore is the choice destination for companies looking for new growth opportunities in the Asian region. As such, the country normally sees an influx of new businesses every year. The robust regulatory framework, stable political and economic structures, well established judicial system, low tax rates, and a pro-business government are some of the huge allures that make a plethora of entities in establishing a presence in Singapore. If your business plans include Singapore company formation, then we are glad to let you know that you are on the right page. Our mandate is to help every business get established in Singapore the right way.
As a foreigner, the last thing you want to happen is to start running into problems with the law due to not registering your company correctly. This can happen since you’re still unaware of all the requirements for setting up the kind of company you want.
We help you avoid all the hustles and ensure that you set up right the first time. As a result, you can just focus on growing your business. Partner with us in your company formation and start on the right footing.
The Right Business Setup in Singapore
Every company in Singapore must register with the Accounting and Corporate Regulatory Authority, and they must also operate under the Companies Act. The Act allows for five different types of entities you may start in Singapore, and they include the following:
Sole Proprietorship – This is the simplest form of business incorporation. It is a business owned by just one person or one Singapore-registered company.
Partnership – in Singapore, a partnership is formed by between two and twenty partners. Under the Companies Act, a partnership is not a single legal entity, and this implies that the partners have unlimited liabilities.
Limited Liability Company – This is a common type of business that people in need of Singapore company formation services prefer. In Singapore, am LLC must have more than 20 shareholders. In addition, the LLC acts as a legal personality with the rights to own property. If the company has more than twenty but less than fifty shareholders, then it is a private company. However, if there are more than fifty shareholders, then it becomes a public company.
Limited Liability Partnership – This company structure operates and functions as a partnership while enjoying the privileges of a separate legal entity. It can own rights as well as liabilities separate from those of its partners.
Limited Partnership – A Limited Partnership has a minimum of two partners. They consist of at least one general partner and one limited partner. It is not a separate legal entity, and the general partner will be liable for the debts and obligations of the business.
What We Do
Our company formation services apply to everything that you need to start your business in Singapore without difficulties. In our team, we have very experienced lawyers, accountants and tax experts who are ready to help you. We can get you throughout the entire company formation procedures, which include:
- Name check and company name reservation
- Company incorporation with the Accounting And Corporate Regulatory Authority
- Formulation of a customized company constitution
- Help with opening accounts in your preferred banks
- Name company secretaries provision
You can trust our highly proficient, multi-lingual team of consultants to make your Singapore company formation a breeze. Contact us for more information.