Get the Best Agents for Incorporating Your Company

When you are in Singapore to incorporate your company, you must first get a hold of a good agent. For a foreigner, it may be difficult to find out a good agent. It is best to check the websites of these agents and understand what services they will provide. You don't need an agent only for the registration and incorporation of the company. You need them for a lot of other services.

As a company, you may need their services for maintaining your accounts and keeping the books. These are tasks on which you cannot waste your valuable manpower. You must find an agent who can also help you in managing your employees and take care of their payroll. You must find if the agent can help you with your tax planning and filing of returns. But before all that, there are certain requirements you are bound to fulfill if you want to get your company incorporated. Will the agents be able to help you with these?

Appointing a Resident Director

One of the conditions for registering your company is to have a director who is a local resident. The director must be a resident of Singapore above 18 years of age and without any criminal record. As a foreigner, you will not have any contacts in Singapore to fulfill this condition. Another alternative is that a foreigner with an employment pass can become the resident director. You cannot get such a pass unless you have employment.

The agents can offer you a person as the temporary resident director. This person will be the nominee director of the company to fulfill the condition. You can apply for an employment pass through the agent and once you get it, you can become the resident director. The nominee director will resign the post once you take up the job. The agent that does business incorporation in Singapore for you must be able to provide this service.

Getting a Registered Office Address

One of the other requirements for registering your company is that the company must have a registered office address. This must be a physical address. ACRA does not accept post box number as the registered address. The purpose of this is to receive documents which are addressed to the company. The registered office must function for a certain number of hours every day.

Most new companies are unable to find a suitable place for the registered office address until they start the company and run their business. The consultant who is helping you get the company incorporated must be able to provide you with an address for the registered office.

Get the Best Corporate Secretarial Service

This is one of the conditions that most companies including the local ones find difficult to fulfill. That is why there is so much demand for corporate secretarial services in Singapore. Company incorporation rules in Singapore mandate that all incorporated companies must appoint at least one company secretary within a period of six months from incorporation.

The qualifications and experience that is required from a person who can hold this post make it impossible for most companies to appoint such a person as it would cost them too much. Most agents offer this along with the package for company incorporation in Singapore for a limited period so that you get time to appoint a suitable person yourself.

This is the reason why new companies must be very careful when selecting their agents for company incorporation. Unless they offer these services, it is not possible for you to incorporate your company. You must find out if the consultants’ package offers all these services.