Rise In Company Incorporation Seen As Singapore Bolsters Efforts To Become ASEANs Business Centre

CENTRAL, Singapore - Feb. 22, 2019 - PRLog -- Singapore – Corporate Services Singapore, a corporate services and business solutions provider, has said it expects an increase in new entrepreneurs signing up for company incorporation in Singapore, following the government's recent efforts in rolling out new initiatives geared towards making the island-nation the business centre of the ASEAN region.

"We laud the government's continuous efforts in strengthening the country's image as Asia's No. 1 business hub," said Hans Teo, general manager at Corporate Services Singapore. "As new projects and initiatives are being launched in support of this, there is no doubt that more entrepreneurs – both local and foreign – will be encouraged to set up shop here in the country."

The Singaporean government is keen on strengthening the technology and innovation sector with the Economic Development Board (EDB) setting its sights on harnessing digital technology to develop autonomous vehicles as well as smart mobility systems.

Apart from leading an innovation-led economy, the EDB is also eyeing to develop new industry clusters to support the government's vision as ASEAN's business centre. New entrepreneurs who want to enlist for company formation in Singapore may venture in advanced manufacturing, as the EDB plans to attract multinational firms to invest their resources in the exportation of technologies and services.

Moreover, the EDB is also looking into helping local firms venture out of Singapore through new products, services, and businesses.

With new initiatives in the pipeline, Hans believes it would be a smart move for new entrepreneurs to sign up for company incorporation in Singapore.

"It is definitely an exciting time to be a business owner in the Lion City. If you're eyeing to put up a new business or looking into exploring what Asia has to offer as a foreign national or multinational corporation, it would be wise to make Singapore your headquarters to take advantage of what the government has in store to make doing business in the country a worthwhile experience for you," expressed Hans.

Apart from strong government support, new entrepreneurs can expect state-of-the-art infrastructure, skilled workforce, and, of course, low corporate tax rates – the main reason why business owners are attracted to do business here – when they decide to sign up for company formation in Singapore.

Company Incorporation in Singapore Made Easy

But what probably makes it a pleasurable experience for new entrepreneurs to set up shop in the country is the easy process of putting up one. The government has made its mission to make setting up in Singapore an efficient and seamless process to attract more entrepreneurs to invest in the country.

The availability of a handful of Singapore company incorporation services has also made it painless and more convenient to set up and do business in the Lion City.

According to Hans, whilst the process of setting up a business is quite simple, most businesses still opt to hire a Singapore company registration services to handle their company incorporation requirements.

"Mostly, it is to ensure that they correctly comply with all the business registration requirements. As you know the government is quite strict when it comes to following all the rules and regulations that govern company incorporation," explained Hans.

Reputable company incorporation firms in Singapore are updated on the latest regulations on business registration requirements and processes. When new companies allow one to handle their incorporation requirements, this gives them more time to focus on running the business, added Hans.

Moreover, most new companies partner with a Singapore company incorporation services to take advantage of other services, such as corporate secretary and outsourced accounting services. For clients, this a more cost-effective way of managing a business.

"Most business owners find that it is actually more affordable when you partner with a Singapore company registration services. Imagine the savings you can get when you have a trusted firm to handle not just your company formation needs but also the other business functions of your company.

"Our clients, for example, have found it less stressful when they turn over their incorporation requirements to us. For an affordable package, they can already get incorporated hassle-free. Moreover, they find our comprehensive suite of business solutions very useful for when they require specialists to handle certain functions of the business without having to hire new employees," explained Hans.

Hans, however, underscored the importance of choosing the right Singapore company incorporation services firm to partner with.

"Company incorporation firms in Singapore are a dime a dozen. It is important that you run a strict screening process before hiring one. Check for background, services, and rates meticulously before you partner with any Singapore company incorporation services - https://www.corporateservicessingapore.com/company-incorp....

"At the end of the day, you want a firm that will support all your business goals and make it more worthwhile for you to do business in Singapore," concluded Hans.