Whenever a global investor looks to start a new company in South East Asia, the first country that would come to his mind is Singapore. This cosmopolitan country has attracted plenty of investors into its soil. The main reasons behind the demand for getting a company registered in this wonderful country are its attractive tax system, flexible policies on immigration, clear and easy government policies, high quality of life, top end infrastructure, etc. There is no need to worry about any cumbersome tasks and policies when looking out for foreign company registration in this country.
Steps involved in company registration
- The most popular type of business in this wonderful nation is a private limited company. Hence, starting this type of company as a foreign investor is the best option.
- The first thing that needs to be done is to choose a company name. This is the first step involved in the company registration process In Singapore. The name of the company has to be approved by The Accounting and Corporate Regulatory Authority (ACRA).
- It is important to have one person in the business to be a resident director. The age of all the directors of the business must be over 18 years. One of the directors must be a permanent resident.
- A total of a minimum of one to a maximum of 50 shareholders are allowed for a private limited company to apply for a company registration.
- It is important for the business to have a registered office address in this country. The address can be an official address or even a residential address is accepted.
Once all these requirements are met, the ACRA will provide the company registration certificate to the concerned party. They will be getting the registration number and the company profile along with the certificate.