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Comprehensive Company Setup Guide for Singapore


 
PRLog - April 23, 2014 - SINGAPORE -- Singapore’s renowned solutions expert, Healy Consultants, shares with you this modest, yet efficient guide for company incorporation in Singapore. Understanding the requirements, procedure, and major incentives is key for a successful and cost-efficient start up.

About the registration requirements

Singapore imposes favorable regulations for new business setups. The Minimum share capital for Singaporean LLC’s is a mere US $1 with just one shareholder of any nationality, consequently providing full foreign ownership. There is a minimum requirement for one resident director (http://www.healyconsultants.com/asia-pacific-incorporation/singapore-resident-director/), resident company secretary and registered company address. One week is all it takes to complete the incorporation process (http://www.healyconsultants.com/asia-pacific-incorporatio...), while corporate bank account with reputable institutions, including HSBC and Standard Chartered, can be opened in less than three weeks.

About the incorporation procedure

New companies must register with the Accounting and Regulatory Authority of Singapore (ACRA). High bureaucracy and corruption in Singapore are practically non-existent, and this step takes only one week. All the required due diligence can be found here. Furthermore, GST registration needs to be secured, as one of the last steps of registration. Prior to opening the bank account, international banks require a meeting with the bank signatory. Healy Consultants liaises with the bank employees for successful prevention of personal Client travel, whenever possible. Furthermore, with their registered office service (http://www.healyconsultants.com/virtual-office/), Clients are now able to adhere cost-efficiently to Government regulations.

About the Government grants and incentives

Singapore continues to attract international entrepreneurs with generous incentive programs, diversifying local economy and markets.

Entrepreneurs will benefit from incentive and grant programs, including:

·         New business grants for up to US$40,000 in co-matched funds from Enterprise One;
·         R&D incentive scheme and tax exemption for start-ups offer unmatched opportunities for dedicated professionals;
·         Dollar-for-dollar equity financing for up to US$1,2 million available through Business Angels Funds and SPRING startup schemes;
·         Startup Enterprise Development Scheme (SEEDS) by the Economic Development Board (EDB) for equity financing up to US$800,000.

Healy Consultants, having extensive knowledge of Government incentive programs, is able to guide its Clients for a guaranteed successful start in one of the most reputable jurisdictions in the World.

About Healy Consultants

http://www.healyconsultants.com/

Healy Consultants provide a full range of professional services, which include the following:

·         Offshore financial services
·         Accounting and taxation
·         Corporate finance
·         Business start up services
·         Corporate banking
·         Global marketing services
·         Company formation
·         International trading strategies

Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.

Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.

For further information:

Mr. Aidan Healy, Business Owner, Healy Consultants
15-01 Valley Point,
491B River Valley Road,
Singapore, 248373

Tel: (+65) 6735 0120

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Contact Email:
***@healyconsultants.com
Source:Healy Consultants
Location:Singapore - Singapore - Singapore
Industry:Business, Investment
Tags:Register business in Singapore, singapore company formation, Singapore bank account, Singapore resident company, Singapore government grant
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