How to complete the company incorporation procedure in Singapore
Big business always starts with small and primary initiatives, so if you want to be self-employed and want to work as a leader with your team, entrepreneurship is the only option for this purpose. For that, you need to follow and oblige the guidelines given by the government. Now if you are setting up a brand new company, or simply relocating your existing company to Singapore, first you need to follow the company’s incorporation and registration process in Singapore, which might be a complex undertaking.
The requirements for the company’s incorporation:
Registering a new company in Singapore is often cumbersome and intimidating, due to numerous requirements, tedious procedures and strict timelines to follow, here a tiny mistake can make your application invalid, where your time, initiative and hard work will be wasted. As Private Limited companies are the most common form of business entities registered here in Singapore, as they are a separate legal entity whereby shareholders are not held liable for company’s debts beyond the amount of share capital they have contributed, also it is beneficial as it is a very tax efficient corporate body. Now for the hassle-free incorporation procedure, you need to follow the steps guided by ACRA (Accounting and Corporate Regulatory Authority).
ACRA registration:
For opening a new business in Singapore you first need to seek approval for your company’s name and then regi
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