Things to Consider to Start Company in Singapore

The world knows by now that Singapore is providing incomparable benefits and features to entrepreneurs looking for new business avenues. Singapore is considered to be the best place to set up a business. Singapore has been placed on the first rank for ease of doing business chart by none other than but the World Bank for the sixth consecutive year. One thing that hampers the proceedings is lack of knowledge. People wonder how to proceed with the singapore incorporation process and what are the rules and regulations to be followed. Although, certain amount of risk lingers in starting any kind of business anywhere in the world yet, be assured of the fact, if the chosen country is Singapore the possibilities of venture success is very high. You just have to be knowledgeable enough to sail through the government processes.

Start New Company in Singapore

There are certain quintessential things you need to know before starting a company in Singapore. The foremost requirement is to have a local business address, from where you intend to operate your business activities. This is the basic step to be followed, which if seems a tedious task; the best approach is to take the help of professional agencies.

To Start Company in Singapore should have a few more requisites such as:

• You should have at least one director appointed, who should be a Singapore resident.
• You should have at least one shareholder, who may not be a Singapore resident.
• You should have one company secretary, whom you should appoint within six months of your company incorporation
•  You have to bear the minimum paid up capital, which is S$1.
• You should have a local registered address in a residential or commercial locality, but it should not be a PO Box number.

The points you should bear in mind before company set up in Singapore

• In order to survive not only in Singapore but anywhere in the world, exhaust your energies in the kind of business you feel you are fit for. Choose the right kind of business, suitable to your personality and your knowledge.
• Do your homework before embarking. Research a lot about the government policies, rules and regulations, living standards and cost of living, available talent, infrastructure availability, and technology support.
•  Analyze your financial status and availability of funds. Your venture depends on the amount of funding you possess. If you are among the few who can wholly support their business, you are the fortunate one, but most of the entrepreneurs look for loans, venture funding, and equity partners to get started.

S    BS Consulting is a renowned company registration firm in Singapore. Since its inception, the group has remarkably performed well in company registration services. SBS Group has extended its invaluable support and services to its highly esteemed clients in company formation among other finance related requirements. The entrepreneurs and corporation looking for a business opportunity in Singapore deeply rely on SBS Consulting, which has now become a popular online portal to gather information on Singapore Business Corporation, Accounting services, auditing, payroll, Singapore Visa, and other related information.