Did you know that Singapore is one of the best countries globally to operate a business? The country presents a lot of opportunities to open and run a Company. However, before running any company in Singapore, you need to register it, and they’ve to approve it. The registration process is straightforward and quick if you get a specialist registration company to help you with the company incorporation services in Singapore.
This article outlines a step by step guide on how to complete the registration of your company.
1. Choose a registered company registration service provider
It’s a requirement that all companies that want to register in Singapore and are foreigners use registered company registration service providers. Choosing the service provider helps you comply with the Accounting and Corporate Regulatory. The service provider will take you through all the process step by step and help you with company incorporation services in Singapore. In addition, your preferred company registration service provider should get you a form of diligence you can complete online to determine your legitimacy. You Can Also Check How to Say Shut Up in Spanish
2. Choose your company registration package
The company registration services offer various packages for you to choose from. These packages may range from basic ones to full-service packages. Each package has its benefits. For example, the full-service package comes with an introduction to the bank manager of the local bank.
3. Reserve the name of your company
You can submit the company’s name to ACRA through your registration service provider. The service provider will follow up on everything on your behalf. Remember, when registering your company’s name, it should be different from the others. The name shouldn’t infringe other trademarks, and lastly, the name shouldn’t be rude or obscene. ACRA should be approving the name in less than an hour after submission, except if your company needs licenses like law or medicine.
4. Sign your documents
You’ve to follow the guidelines and documents presented by ACRA to approve your company registration. Your service provider should also help you through this step. Next, your company directors and secretary will sign an Act form. Next, you’ll need to come up with your company’s constitution. Finally, you should also present the shareholders and other officer’s proof of address. Once this is done, you have to submit the final submission online, which takes less than one hour to be approved.
5. Legally start the operations of your company
Assuming that all goes well, you’re now legally able to run and operate your company in Singapore. As long as you have the correct documentation, the process can take even a day, and you start running your business. Your Singapore company incorporation provider will then guide you through the follow-up processes. The follow-up process may include; the other supporting documents as well as banking.
It’s a quick and straightforward task to register a company in Singapore. You can achieve this by choosing the best services provider who will also help you with company incorporation services in Singapore. So make sure you choose the one that will walk you through the whole process to enable you to operate in the best lucrative business hub worldwide.