Helping Foreign Companies Set Up Their Operations in Singapore

A lot of foreign companies come to Singapore with the hope of expanding their market to this part of the world. They know that there is a very big market waiting for their products. These companies choose Singapore for their entry into South East Asia due to many reasons. Singapore has proved to be the best country when it comes to the convenience of conducting business. The formalities are very straightforward and there is no red-tape in government.

Setting Up Your Company in Singapore

Foreign companies can set up different types of companies in Singapore out of which the subsidiary company is the most preferred one. This country offers foreign companies a chance to expand there and also acquire assets in Singapore. The subsidiary company is a separate legal entity and has all the benefits that a local private limited company has. The subsidiary company can be fully owned by a foreign company. There is no need to have the same name as the parent company and can adopt a local name to suit Singapore market. 

Incorporation of Subsidiary Company

Company incorporation in Singapore is done by the ACRA which is the authority that controls companies. The incorporation process is straightforward and quick. Foreign companies must get the work done through an agent. There are many agents in Singapore who assist the foreign companies in getting their company registered. You must be careful who you hand over the work to. If you get the right consultant then your incorporation work will be finished very soon and you can start your operation in Singapore.

Choosing the Right Incorporation Partner

The company you choose for the incorporation of the company must be able to take the job completely out of your hands. They must leave you to attend to your work without having to meet them quite often. Once you have signed all the documents it must be their responsibility. The consultant must also rightly advise you about everything and help you create the business profile and other necessary documents.

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They must also inform you about the various obligations you must fulfill to get your company incorporated. The subsidiary company will need to appoint one director and have a registered office address before you can get the company incorporated. The director needs to be a permanent resident of Singapore or holder of an employment pass. The registered office must be a physical address and not a post box number. Many companies find it difficult to fulfill these conditions as they are new to the nation. The consultant handling the company registration in Singapore must be able to help you fulfill these conditions.

We Help Set Up Your Company in Singapore

Singapore is a dream destination for businessmen from many countries. It is a trading hub in the region and there is immense scope for business. Moreover, the government of Singapore welcomes foreigners and foreign companies to come and set up their operations in the country. All the factors required for a business to succeed are available in the island nation. With a location that facilitates business with many countries nearby, this is the gateway for companies to expand to these South East Asian nations. With a highly cosmopolitan society, foreigners find it easy to mingle with the people in Singapore. The nation has a good population of highly educated people who can become a solid workforce for any company. These are reasons enough for foreigners flocking to Singapore to set up their companies.

While local businessmen can register their own companies, foreigners and foreign companies must go through an authorized agency for their company incorporation Singapore. Singapore Incorporation is a highly reputed corporate consultant which offers multiple services to the business community in Singapore. There are various conditions to be fulfilled before you can incorporate your company in Singapore. We help to fulfill these conditions so that your company can be started immediately.

The most preferred form of company for foreign investors is the private limited company. Foreign companies can start subsidiary companies. Both these types of companies require that one director should be a local resident or a holder of employment pass. Till the time the foreigner gets the pass, we can arrange for our representative to be the resident director. We can also help you in getting your employment pass. If you don’t wish to relocate to Singapore, we can have our representative to be your permanent resident director.

A registered office address is mandatory, and we provide a local address as part of our incorporation package. You can renew this after the free period if you are not starting an office for yourself. Once you have done the company registration in Singapore you should appoint a local resident as company secretary within six months. We can provide an apt person for this position so that you don’t have to pay high salaries to appoint one.