Prospects of better profits with a incorporate company in Singapore
Opening up a branch office or a subsidiary company in Singapore is one of the most profitable option these days. In fact the point is that Singapore being the fourth leading financial center and a cosmopolitan world city plays a key role in the international trade and finance. Other that it is also a notable fact that the immigration policies of Singapore is quite liberal and therefore it is not much difficult to setup your incorporate company in singapore if you can meet up with the necessary requirements set forth by ACRA the Accounting and Corporate Regulatory Authority of Singapore. The main function of is to be responsive regarding business while insuring a secure and trusted regulatory system is maintained. It is a well known fact that ACRA plays a very important role in the setup of a foreign company incorporative in Singapore. However, it should also be kept in mind that the Singapore jurisdiction welcomes foreign company incorporation and offers several tax benefits. Therefore it is the most essential thing needed for any entrepreneur to setup company in Singapore is to have the approval of ACRA or the Accounting and Corporate Regulatory Authority. However, the immigration policies of Singapore are also quite liberal and foreign talents are always welcome into the country. Therefore, if you are an entrepreneur they it is certain that you will feel much relaxed under the jurisdiction of Singapore during a Singapore company setup. These feature are farther enhanced with the availability of several special initiatives for Singapore registered companies for growing their business locally as well as their expansion overseas.
Other than that it should also be kept in mind that there are certain rules and requirements that are needed to be followed to have a setup an incorporate Singapore company. First of all the most essential thing needed is the name of the company which must be the same with the foreign company. And along with that it is also essential to get the approval from ACRA for the name. Once you get the approval for the name you can easily concentrate on the other factors as well. In this respect there is also the requirement of a Singapore resident director of at least 18 years of age and he or she must not have any bankruptcy or criminal malpractice records. Along with that there is also the requirement of at least one resident shareholder of the company. However, in this regard it is also essential to note that that the director and the shareholder can be the same person. There is also the requirement of a resident secretary as well. The secretary must be a natural resident of Singapore. Along with these there is also another crucial requirement that one must meet with before the setup of an incorporate Singapore company. This is the requirement of a registered address. This means that every company getting registered in Singapore is required to have a registered office address. However, in this respect it is essential to note that this registered address must be a physical address and cannot be a post box number. However, in case of certain types of business only the use of residential address is allowed.
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