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Formalities for Singapore company setup

What are the necessary formalities to start a company in Singapore? What are the legal requirements to start a company? Read now to know more.

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Formalities for Singapore company setup

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  1. WHY TO INVEST IN SINGAPORE The IMF reports that Singapore is the 3rd Wealthiest Country in the World (in terms of economic output per head) World’s No.1 Country with ‘Best Investment Potential * Ranked as Asia’s Best Intellectual Property Protection** Ranked as The World’s Easiest Place to do Business *** Source: * Business Environment Risk Intelligence (BERI) Report April 2014 ** Global Competitiveness Report 2013-14 by World Economic Forum *** Doing Business Report 2014 by World Bank

  2. DIFFERENT OPTIONS AVAILABLE TO ESTABLISH A COMPANY Company with shareholders Foreign branch of an international company Subsidiary company Limited liability partnership Limited partnership The type of establishment to be formed depends on various factors including; Tax consideration Number and extent of liability of owners Legal status of the applicant Cost factors License and other regulatory arrangements

  3. MINIMUM REQUIREMENTS FOR STARTING A COMPANY A minimum of one shareholder. But the government allows foreign nationals/entities to own 100% shares. At least one director should be a Singaporean or a person with a Permanent Resident (PR) status, or a person holding a valid Employment Pass (EP) A Company Secretary who is a Singapore citizen or a person with PR status, or EP status, Entrepass, or a Dependent Pass holder. A local registered address

  4. THE PROCESS OF STARTING A COMPANY Registering the Company with the Accounting and Corporate Regulatory Authority (ACRA) and applying for tax number Making a company seal Sign up for Employee Compensation Insurance

  5. HOW DO WE HELP We are Sandhurst Consultancy Pte Ltd. a consulting company specializing in company formation, setup, and registration services. We also offer financial accounting and business advisory services. Our service highlights include; Managed by fully qualified accountants with 3 decades of experience in the industry Help with backup services like GST registration, business process outsourcing, export import documentation, payroll and accounting services Customized services

  6. For more details: www.e-sandhurst.com Or, call: +65 6338 4202

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