Your Singapore Company Can Become A Reality Easily

These days many of the foreign companies are dreaming of setting up operations in Singapore. They are attracted by the huge market potential available in the island nation and its surroundings. Singapore is placed strategically to feed many countries in this region. With excellent infrastructure and logistics facilities, it is easy to import goods into Singapore and supply to various countries in South-East Asia.

Singapore offers many benefits for foreign companies setting up their branches here. It is very easy to set up an office here because of the most modern systems of the ACRA which is the governing body for private companies in Singapore. In addition to this, the procedures are very transparent. Your company can be set up in a very short period if all the documents are submitted in the right way.

 Company Formation Services From Consultants

One of the other factors that attract foreigners to come and set up operations is the support offered by the consultants who help foreigners to setup their businesses here . Their support is invaluable because of their familiarity with the procedures and the ability to help you fulfill all the conditions laid down by the ACRA. Foreign companies don’t have to send their people to Singapore and waste their time trying to find out how to go about starting their office.

The corporate consultants offer different packages for setting up a company in Singapore as per the needs of the investor. The packages are based on what support you will need from them for complying fully with the rules for company incorporation in Singapore. There are three important conditions that you must fulfill if you want to incorporate your company in Singapore. Many foreign companies seek the support of the consultants in this matter.

 Opening A Subsidiary Company In Singapore

For foreign individuals and companies, the subsidiary company is the most preferred form of a company due to the huge opportunities it offers. There is hardly any limit to the activities it can do in the country. As with the private limited company, the subsidiary company can also get all the tax benefits and exemptions. The shares can be transferred to different shareholders for the sake of more funds.

This type of company is a separate legal entity and does not need to have the same name or business as the parent company. The liabilities or debts of the company will not affect the parent company in any way. The subsidiary company can be wholly owned by foreign companies or individuals. The corporate consultants in Singapore will help the foreigners set up this type of company without any problems.

 Fulfilling The Requirements For Company Incorporation

The one place that foreign companies find it difficult is fulfilling all the obligations that are required to set up a subsidiary company. The subsidiary company requires a minimum of one shareholder, one resident director, one company secretary, and a registered office address. The shareholder can be a resident or a foreigner.

The resident director must be a Singapore citizen or resident. Alternatively, he or she can be the holder of an Employment or Entrepreneur pass. If there is only one shareholder, the same person cannot be the director. It is not easy finding a Singapore resident as the director for foreign companies. The choice must be made wisely as the reputation of the director can affect the image of the company. As part of the company formation services in Singapore, the consultants offer their person as a director until the company can secure an employment pass for their person.

The other important requirement is the appointment of a company secretary. The person is the one that should guide the company to abide by the company laws. This means that he or she must be familiar with the laws and also know how to run a company. The company secretary should necessarily be a permanent resident of Singapore. Foreign companies can avail the services of a company secretary from the corporate consultant and keep themselves within the legal framework.