Friday, December 14, 2012

Company Formation In Singapore: What Start-Up And Successful Entrepreneurs Should Know

By Ping Fleming


According to Transparency International, Singapore, along with Denmark and New Zealand, is regarded as among the least corrupt countries worldwide. That is why many businesses thrive in the city state. Aside from that, entrepreneurs love venturing in the country because company formation in Singapore is easy. It has enterprise-friendly policies, a stable government, a firm economic and sociopolitical environment, and is one of the fastest growing economies in Asia.

Understanding The Company Formation Process

By working with a company incorporation Singapore firm, the process of company formation in singapore can be simplified. Such organisations specialise in corporate secretarial services, company registration, accounting, bookkeeping, taxation and other services that are related to the legal and financial aspect of company formation. Since the entire phase is simplified, even those who do not have vast knowledge about such procedures would not need to be baffled about company formation procedures.

Company registration Singapore agents help entrepreneurs form their business from the start. It means providing support in terms of the following: information furnishing, document preparation or ACRA certification. These firms usually offer packages that cover the fees and charges involved in the formation process, including secretarial fees, certificates and company name application. These services are available to foreigners and Singaporean residents alike.

Why Build A Company In Singapore?

Singapore has a very good reputation because it has a well-structured economy. Putting up a business in the country brings enough credentials to your enterprise. As a result, your business will be highly regarded by other companies and businesses in the international market. By having a company in Singapore, you will have access to world class infrastructures that can support the needs of your business. Ultimately, it can grow at a very desirable pace.

It is also worth noting that Singapore's financial institutions are strong. The local authority is always cooperative and ready to assist you regardless of the size of your enterprise. Also, the transaction systems in the country are fast. It means that all businesses, whether start-up or already established ones, have equal opportunities. Company formation in Singapore is certainly the first step to success.




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