Singapore company incorporation is a hassle free and easy
online process. The individuals or companies are flocking to Singapore because
the nation provides most convenient environment and facilities of doing business.
The government is providing sizable number of work visas every year to foreign
nationals, who wish to form a company in Singapore. This island country is
ranked 1st for ease of doing business by World Bank for the sixth
time in a row. There are many businesses that are flourishing in Singapore.
Some of them are:
Virtual Accounting or
Outsourcing Accounting in Singapore
Updated accounts book is the progress report card of a
company’s financial system. All the registered businesses in Singapore are
required to maintain their account books in proper shape. Those companies who
are not capable of keeping an in-house accounts department have to look for
outsourcing accounting or virtual accountants. Maintaining accounting for
organizations is a profitable business in Singapore. Accountants do not need to
be present physically to offer their services. The whole process can be carried
out in a virtual manner periodically.
Tax guidance in
Singapore
The tax cycle is from 1st January to 31st
December in Singapore. There is a lot of confusion and chaos scattered in the
air during the tax seasons. Organizations look for firms or individuals who can
assist them in compiling their documents when the tax time approaches. Guiding
on tax matters is another business for those who are well qualified and
knowledgeable about the tax system and tax structure of Singapore.
Assistance in Company formation in Singapore
Although the company registration process in Singapore is
the easiest in the world, yet those entrepreneurs who wish to incorporate and
register a business in Singapore have to go via proper channels. The regulatory
authority ACRA sends the confirmation of business registration to the firm
through whom the documents and forms have been submitted. Assisting
entrepreneurs in the paper work in company formation in Singapore is another
profitable business.
Payroll Services in
Singapore
Every organization needs to pay its employees their wages at
the month end. The payroll process should be in a timely manner and should be
processed accurately in order to keep the resources content and satisfied. Most
of the companies prefer an outside body to handle the payroll process in order
to save their precious time to be invested in strategic planning of company’s
growth. Doing the math for companies, the calculations and deductions of the
payroll system is yet another profitable business in Singapore.
IT Consultancy in
Singapore
A true-blue Singaporean is technology savvy and wants to be
connected with his people all the time. IT consultancy, customized software
development, hardware maintenance, providing wireless network services, web
designing and development, and social networking are some of the most
profitable business in Singapore.
Don’t look anywhere else, get a work visa if you are not a
local resident and opt for Singapore company incorporation by registering your
business name and activity and enjoy the benefits Singapore provides to
entrepreneurs.
