SBS Consulting: "Company Incorporation Singapore Lowers Cost of Transfer of Profits Back to Home"

SINGAPORE - Oct. 6, 2016 - PRLog -- "If you are planning to register a business, consider company incorporation Singapore with SBS Consulting. By doing so, you benefit from a startup ecosystem and lower tax rates and exemptions offered by the Singapore authorities," quoted Ms. Meena, the Business Head of SBS.

Singapore, during the last two decades, has emerged as an important entry point for global investment. The country is destined to play an important role as the ASEAN activities continue to integrate. It is fully geared to act as a  management hub for regional operations. The island nation also offers integrated supply chains, minimal tax obligations, and other benefits making it a great place to indulge in a Singapore company registration.

"The companies operating in ASEAN could benefits from more than 60 DTAs that Singapore has signed with its trading partner countries. Some of them have already found that a Singapore business incorporation actually lowers the cost of transferring profits back to home.

The companies have a few options open to them like setting up a Private Limited Company, Subsidiary Company or Branch Office. SBS's three-in-one incorporation promo package, at S$699, gives them free company secretary service and free office address for the first year," added Ms. Meena.

The process of company incorporation Singapore is easy and is governed by ACRA (Accounting and Regulatory Authority). The individual entrepreneurs and companies have to apply to ACRA to take the approval for the name of their proposed company and then, register it. The process is online, and ACRA  has provided a web portal BizFile+ for the purpose.

The visitors to the BizFile+ portal needs a SingPass ID to log in on it and complete the process. That is why ACRA advises the foreign entities to seek assistance from the Singapore incorporation services for registering a company. SBS Consulting hires certified public accountants who use their Professional Pin, to accomplish the task.

All the companies incorporated in Singapore need to appoint at least a resident director, company secretary, and an auditor. They also need a local registered address for the office. Depending on their business activities, companies may also need a Business Activity License, Occupational License or Compulsory License. They may also need Certificate of Corporate Residency to benefit from the Singapore's DTAs.

"As a part of company incorporation Singapore package, we, at SBS, help our clients with Electronic Certificate of Incorporation, company profile/extract from ACRA with UEN Number, share certificate(s), minutes of the first board meeting and preparation of company kit. In addition, we assist them with opening of corporate bank account in a local bank, company seal and stamp," concluded Ms. Meena.

About SBS Consulting:
SBS Consulting is one of the trusted Singapore incorporation services. The firm takes care of company incorporation Singapore for its clients. SBS, in addition, offers accounting, bookkeeping, XBRL filing and GST filing services.

Contact:
SBS Consulting Pte. Ltd.
Visit: https://www.sbsgroup.com.sg/
High Street Centre,
#17-02, 1 North Bridge Road,
Singapore - 179094
Phone:+65-6536 0036
Email: info@sbsgroup.com.sg