By Daniel Walker
Are you planning to put a business but you do not know where just yet? Well, if you're dead serious about this, then you must try to consider putting in up in the Lion City of Asia - Singapore. Being a cosmopolitan city, the Lion City has one of the most flourishing and dynamic economies all over the globe. As a matter of fact, if carefully planned, starting up a business here is almost a success surefire.
You might think that competition is hard and starting a business enterprise in Singapore is difficult, the truth is, it's quite the opposite. Actually, company formation in Singapore is relatively easy, given that you have every requirement the Singapore law calls for . The following are the things that you will need.
Before Registration:
1. A business name. A company name is needed for identification. This name shouldn't be identical to any existing and registered business name in the Lion City.
2. Shareholders. Singapore law requires at least 1 to 50 shareholders per company.
3. Paid-up Capital. Minimum is $1 but could be increased in time.
4. Registered address. Where your headquarters is going to be.
If you have everything and all the paperwork associated with them, then you are ready to register your company. Another good news is that, Singapore company registration is entirely computerised so it takes less time, particularly when verifying duplicates of your company name. Just go to the Singapore Registrar of Companies and start the process. The whole thing will take up to 2 days, then your company is registered.
Once your registration is approved, you will be duly notified by email. A short while after this you'll receive a document known as the articles of incorporation. This is a confirmation that your company truthfully is registered in Singapore. Then that's that, you're ready to start operations as early as possible.
You might think that competition is hard and starting a business enterprise in Singapore is difficult, the truth is, it's quite the opposite. Actually, company formation in Singapore is relatively easy, given that you have every requirement the Singapore law calls for . The following are the things that you will need.
Before Registration:
1. A business name. A company name is needed for identification. This name shouldn't be identical to any existing and registered business name in the Lion City.
2. Shareholders. Singapore law requires at least 1 to 50 shareholders per company.
3. Paid-up Capital. Minimum is $1 but could be increased in time.
4. Registered address. Where your headquarters is going to be.
If you have everything and all the paperwork associated with them, then you are ready to register your company. Another good news is that, Singapore company registration is entirely computerised so it takes less time, particularly when verifying duplicates of your company name. Just go to the Singapore Registrar of Companies and start the process. The whole thing will take up to 2 days, then your company is registered.
Once your registration is approved, you will be duly notified by email. A short while after this you'll receive a document known as the articles of incorporation. This is a confirmation that your company truthfully is registered in Singapore. Then that's that, you're ready to start operations as early as possible.
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