Starting A New Company In Singapore

by Bestar Sg company incorporation services Singapore

There is a huge demand for company registration services in Singapore with more and more companies looking to set up shop in Singapore. It is not just the foreigners who are looking to set up companies in Singapore but also the local entrepreneurs. The robust economy is one of the reasons. The excellent business opportunities existing in the country is another reason for companies looking to set up shop here. Local entrepreneurs have understood the heavy demand for goods from both sides of the globe and that Singapore can act as a good point of trading between the two. Foreign companies have understood the ease of doing business and look at Singapore as a launching pad for expansion in the Asian region.

Why Head To Singapore To Do Business?

The demand for company incorporation services in Singapore can only indicate that more companies from other countries are heading to the country to establish their offices here. So, what makes Singapore the favorite business destination? One of the most important factors is the ease with which business can be done in Singapore. There is government machinery that functions well without any corruption or red-tape. The government also supports the starting of new business by offering various benefits to new companies. The tax rate is another great attraction for foreign companies. Singapore has one of the lowest corporate tax rates.

The strategic location of the country makes it the ideal place to cater to other countries in the Asian region. Excellent infrastructure and port facilities make export and import of goods very easy. Transport and communication facilities are excellent in the country that will help to do business very easily. There is a good population of highly educated and skilled people who can be employed by foreign companies. The youngsters in Singapore are also fluent in English which makes it easy for foreigners to interact with them. On top of all this are the easy incorporation formalities and low company registration cost in the country that also lures foreigners to come and start their operations here.

The Role Of Corporate Consultants In Singapore

Corporate consultants play an important role in helping both the local and foreign investors to set up their operations in Singapore. Though the incorporation procedure is very simple, there can be certain requirements that are hard to comply with. These agencies help to get the company registered very quickly and without any hassle. They will also ensure that all the mandatory requirements are complied with when incorporating the company. The company secretarial services offered by these consultants have proved to be of great help to new companies.

Companies are expected to appoint a company secretary before six months are over from the date of registration of the company. This is difficult for new companies because finding a person of such caliber is difficult. Employing such a person of high qualification and experience can also be a costly affair for new companies. At a very nominal corporate secretarial services fees these consultants offer a person to act on your behalf, who will also efficiently perform all duties expected out of the position.

Let The Experts Do Your Accounting Work

Why should companies strain themselves by doing tasks that can be handed over to experts at very affordable costs? There are good accounting firms in Singapore who can do maintain accounts and generate reports to help you run your business efficiently. They will prepare the financial statement as mandated by the ACRA.