5 Things To Consider When You Setup a Singapore Company
Entrepreneurs planning to put up and setup a company in Singapore must see to it that have sufficient knowledge on what are the things much needed for registration. As we all know knowledge is very essential in whatever endeavors be it in personal or business aspect. In this case, knowledge about registration process is very important in order to ensure a fast business operation and great savings. It is no wonder that
Singapore is the place to be since it is a pro-business locale and thus attracts a lot of investors, businessmen and professional to come into the country and try exploring the business opportunities available. There are a lot of factors to consider in forming a Singapore company. Some of the basic factors to consider are the following:
Company Name: The company name must be unique and desirable and must have the approval of the Accounting and Regulatory Authority (ACRA).
Shareholders: A minimum of one corporate or individual shareholder and a maximum of 50 shareholders is an important requirement. Shareholders may either be a local or foreigner, or a combination of both Details about the directors is made available to the public.
Directors: At least one director is required, and he must be a resident of Singapore such as a Singapore citizen, Singapore permanent resident or Entry Pass holder. It is required that one of the directors must be Singapore permanent pass holder. A director should be at least 18 years old and does not have a history of bankruptcy.
Company Secretary: Within six months from incorporation, a secretary should be appointed and he should be a resident of Singapore.
Registered address: A registered address is one basic requirement and must be a physical address . A P.O. Box could not be a registered address. Depending on the type of business to be registered, a residential address may be used as a registered address.
In order to create a significant impact on the process of business registration, it is very advisable to consult an authorized business registration firm in Singapore. A firm that is not just popular but is also efficient and cost effective, offering comprehensive business solutions to companies and whose ultimate goal is for the convenience of the clients. Singapore welcomes every entrepreneur from all over the world and the government is very much willing to assist or help each one of them as much as they can, so even more company incorporation in Singapore would rather be a pleasant experience rather than a wearisome one.
Rikvin has successfully assisted local and foreign entrepreneurs with Singapore company setup. Our success rate is phenomenal, most of our enterprise clients have entrusted us, with the routine management tasks such as `book keeping and secretarial services and we continue to impress them beyond our promise. Rikvin has also successfully helped hundreds of foreign entrepreneurs incorporate a Singapore company.
Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Rikvin’s Services kindly email us at info@rikvin.com or give us a call at +65 64838887.
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