General Guide to Company Incorporation Singapore
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Transcript of General Guide to Company Incorporation Singapore
General Guide to Company Incorporation SingaporeA presentation brought to youby OpenCompanySingapore.com
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Why Set Up a Business in Singapore? >>
• Singapore is considered a very attractive investment destination because it has many advantages for foreign investors, such as:
business-friendly legislation;
strategic location;
the most skilled labor force in Asia;
a wide network of double tax treaties.
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>> Why Set Up a Business in Singapore?
• Furthermore, Singapore was declared the easiest city in the world to do business in.
• For 14 years now, Singapore is ranked the second city in terms of foreign investment possibilities provided for businessmen.
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Steps for Company Formation in Singapore
• There are several steps you must follow in order to open a company in Singapore. Here are the main ones:
Step 1 - choose a type of company;
Step 2 - comply with the Company Act;
Step 3 – register your company with the Accounting and Corporate Regulatory Authority (ACRA);
Step 4 – post-registration procedures.
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Choose a Type of Company in Singapore
Step 1
• Foreign investors wanting to register a company in Singapore must first take into account the type of company they want to open.
• They can choose between the following types of structures:
limited liability companies;
partnerships;
sole proprietorships.
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Step 2 Comply with the Company Act
• Foreign investors must respect the requirements of the Company Act in Singapore.
• All types of companies are required to:
draft the Memorandum and Articles of Association of the company;
appoint a company secretary;
appoint a Singapore resident director;
have a registered address in Singapore.
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Step 3 Company Registration in Singapore
• Singapore companies must have at least one shareholder in order to be registered.
• All the necessary documents must be submitted with the Singapore Accounting and Corporate Regulatory Authority (ACRA).
• Our team of company formation experts in Singapore can handle for you the entire registration procedure.
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Step 4 Post-Registration Procedures
• Once the company is registered with ACRA, it will have to register with different authorities, among which: registration for the Singapore Goods
and Services Tax (GST); apply for the required business
license depending on the activity carried out;
registration for the Central Provident Fund (CPF);
registration for the Skills Development Levy (SDL).
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Company Formation Services in Singapore
• Our company formation firm in Singapore has helped numerous foreign businessmen start their companies in this city-state.
• Considering company registration in Singapore implies several phases, we invite you to contact our experts for a simplified procedure.
Thank you for your attention!
• Please contact us for more information at:
+ 852 8191 3385
http://www.opencompanysingapore.com/10