Many local and foreign investors find the idea of company formation in Singapore as an inviting business opportunity. Hence, a growing number of them chose to make their presence felt in the Asian region by registering their businesses in this city-state. So if you're interested to follow their lead, read about the basics mentioned here below and may it be helpful to you in one way or the other.
First and foremost, you need to know that when it comes to singapore company registration, there is a national regulator through which you are to course your application. It's called the Accounting and Corporate Regulatory Authority or just ACRA. Aside from that to that, do know that the application requirements include the submission of the Articles of Association to the Registrar of Companies. Also, take note that the Registrar reserves the right to deny an application which is deemed to be a threat to national security, detrimental to the welfare of the public or any other factors that constitutes to unlawful aims of the applicant in question.
Although the ease of application for registration of a business in this city-state has gained positive feedbacks from successful applicants, it is important to never forget that a denial of an application is a similarly existing fact. So if you register company in Singapore but your application was unfortunately denied, know that it is possible to file an appeal to the Minister of Finance. Just make sure that you will take such measure anytime within the period of 30 days following the denial of your application by the Register of Companies.
Unless your business is proven to be a threat to the city-state, government and the people, then you can expect a positive result on your appeal. If you are fortunate enough to legally conduct your business in this city-state, then you better take advantage of the benefits which come with this rewarding opportunity that you have been given. Even the players in the international business scene agree with the positive perceptions associated to penetrating the Asian region by establishing a presence in Singapore.
So we advise you to make the most out of this rewarding and exciting opportunity from the moment it was given to you. Keep in mind that in business, time is of the essence. But just as you enjoy the benefits which come with this opportunity, prepare to face the challenges that are certain to confront you along the way too. The Singapore business scene is very competitive. That said, it offers the players a great learning experience at the same time as it brings difficult tests designed to bring only the best among the rest.
First and foremost, you need to know that when it comes to singapore company registration, there is a national regulator through which you are to course your application. It's called the Accounting and Corporate Regulatory Authority or just ACRA. Aside from that to that, do know that the application requirements include the submission of the Articles of Association to the Registrar of Companies. Also, take note that the Registrar reserves the right to deny an application which is deemed to be a threat to national security, detrimental to the welfare of the public or any other factors that constitutes to unlawful aims of the applicant in question.
Although the ease of application for registration of a business in this city-state has gained positive feedbacks from successful applicants, it is important to never forget that a denial of an application is a similarly existing fact. So if you register company in Singapore but your application was unfortunately denied, know that it is possible to file an appeal to the Minister of Finance. Just make sure that you will take such measure anytime within the period of 30 days following the denial of your application by the Register of Companies.
Unless your business is proven to be a threat to the city-state, government and the people, then you can expect a positive result on your appeal. If you are fortunate enough to legally conduct your business in this city-state, then you better take advantage of the benefits which come with this rewarding opportunity that you have been given. Even the players in the international business scene agree with the positive perceptions associated to penetrating the Asian region by establishing a presence in Singapore.
So we advise you to make the most out of this rewarding and exciting opportunity from the moment it was given to you. Keep in mind that in business, time is of the essence. But just as you enjoy the benefits which come with this opportunity, prepare to face the challenges that are certain to confront you along the way too. The Singapore business scene is very competitive. That said, it offers the players a great learning experience at the same time as it brings difficult tests designed to bring only the best among the rest.
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