Setting up a business in a foreign country is a daunting task for everyone. Hence, it is advised to find out reliable contacts. In reality, the startups having no company background also experience these similar kinds of challenges. Though, there is no need for worrying about this. The company registration professionals can help you with this process. It is significant to know that company registration in Singapore involves several steps and procedures. Reliable experts can take care of every step involved in this process. Hence, they will leave you with a peaceful mind.
Importance of hiring company registration professionals
Many incorporation companies are available in this country, so you can find out and hire the right team. It is advised to check the experience, reliability, support, quality and other vital factors. They help you to get better support from experienced professionals. They are dedicated to offering you required advice on your business structure, business incorporation, regulatory needs and steps you need to follow in this country. They also aid you in making an excellent start and also begin your business activities in an outstanding manner.
Choose the right registration team
The reliable and most outstanding company registration team offer the finest range of services at very affordable rates. If you desire to grab more useful service details, you can visit their official website. It is the right place where you can find out the list of registration packages. The finest selection helps you to simply the registration process. The main benefit of choosing the service package is that it brings you numerous services without charging extra money.
It is vital to know that Singapore has arrived with severe KYC guidelines. The interested business owners need to submit all required documents. It includes:
- Copy of the NRIC for every local shareholder and director
- Copy of the passport of every foreign shareholder and director
- Shareholders and foreign directors must submit the proof of their residence including bank statements, utility bills and much more
If you are corporate shareholders, you must submit
- Incorporation Certification
- Business Profile
The board resolution of parent company approving the overall incorporation of Singapore business and also shareholding
How to apply to Company Registrar
The company registration in Singapore is a time-consuming and a little bit difficult job. Hence, it is advised to get the required help from experts. It is because they are experts in different vagaries of company registration in Singapore. Once received the fees and incorporation documents, the experts apply to the ACRA for setting up the business in this nation. When it comes to Accounting and Corporate Regulatory Authority), it appears as a Company Registrar. At first, they find out and reserve a suitable company name. After that, they apply to the ACRA platform for registering your business.
Benefits of registration services
ACRA put huge efforts for regulating several sectors of the economy of Singapore. It is the main reason why most of the company names including certain terms such as educational, financial, bank and much more are referred to concerned authorities always delaying the approval. If not, the registration of your business in this country does not take time. The useful registration services offer post-registration help for creating a business bank account, opening the CPF account, getting permits and licenses and GST registration.