Steps To Set Up A Company In Singapore

If you are a foreigner this is an in depth guide that will help you navigate through the necessary steps to set up a business in singapore.

Steps to set up a company in singapore. Registering a business is only the first step in the setting up of a business. Calculating the costs associated is an essential step in setting up shop in singapore or any other location for that matter. Note that the following actions may not be possible if you are on a pass in singapore and that pass does not allow you to be a director or a direct employer of a company. Foreign businesses that wish to set up a representative office in singapore may approach these government agencies.

This guide help foreigners understand what is involved in setting up a business in singapore how to set up a company in singapore with 4 steps. With that formality taken care of the actual creation and management of a business can begin. Singapore is also been noted as being the easiest place a person can set up a company and conduct business. The process can be summarized in 3 simple steps.

Though options exist many new companies register with the accounting corporate regulatory authority acra as private limited companies due to its scalability. It was ranked second for the ease of doing business in 2019. Choose your business entity. While setting up company in singapore the proposed name for the company must be reserved and this is certainly one of the most important steps to starting a business in singapore so you don t have to spend hours wondering about the ideal way of setting up in singapore and we will guide you through the entire process of how to set up a business in singapore.

We assist and advise budding business owners in setting up their company in singapore. Statutory declaration by directors of company s inability to continue business by reason of its liabilities pdf 6kb section 291 1 notification to registrar under section 21 for change in number of shares in holding company held by subsidiaries pdf 258kb section 21. Sbs consulting pte ltd is a reputed registered filing agent in singapore. You can easily register your business including foreign branch offices online at bizfile by the accounting and corporate regulatory authority.

Banking finance and insurance monetary authority of. 3 simple steps to set up a new business in singapore. 852 5804 3919 or 65 6591 9991. As singapore s government has a pro business policy a lot of foreigners prefer to incorporate in singapore over many other countries.