Why Register Singapore Company
There are many reasons why you might want to register a company in Singapore. Here are some of the most common reasons:
Favorable business environment: Singapore has a very favorable business environment. The government is business-friendly and the legal system is transparent and efficient.
Low corporate tax rate: Singapore has a low corporate tax rate of 17%.
Free trade zone: Singapore is a free trade zone, which means that there are no import or export duties. This can save you a lot of money on your business expenses.
Gateway to Southeast Asia: Singapore is a gateway to Southeast Asia, which is a rapidly growing market.
Easy to do business: Singapore is consistently ranked as one of the easiest places to do business in the world. This means that you will find it relatively easy to set up and run your business in Singapore.
Strong infrastructure: Singapore has a strong infrastructure, including a good transportation system, a reliable power supply, and a high-speed internet connection. This can help you to run your business efficiently.
Talent pool: Singapore has a well-educated and skilled workforce. This means that you will be able to find the talent you need to grow your business.
Of course, there are also some drawbacks to registering a company in Singapore. For example, the cost of living in Singapore is relatively high. However, the overall benefits of registering a company in Singapore often outweigh the drawbacks.
Here are some specific examples of how registering a Singapore company can be beneficial for businesses:
A company registered in Singapore can be used to conduct business in Southeast Asia. Singapore is a gateway to Southeast Asia, which is a rapidly growing market. This means that you can use your Singapore company to reach a large number of potential customers.
A company registered in Singapore can be used to raise capital from investors around the world. Singapore is a well-known financial center and there is a lot of investment interest in the city. This makes it an ideal place to raise capital for your business.
A company registered in Singapore can be used to protect your personal assets. If you register your business in Singapore, your personal assets will be protected from creditors in the event of bankruptcy. This can be a great way to protect your personal wealth.
If you are considering registering a company in Singapore, speak to a company formation agent to get more information about the specific benefits and drawbacks that apply to your business.
Singapore Company Registration
Here are the steps on how to register a company in Singapore:
1. Choose the type and name of company. You can choose from a company limited by shares, a company limited by guarantee, or a private unlimited company. You will also need to choose a unique company name that is not already in use.
2. Prepare the necessary documents. You will need to prepare the following documents:
Incorporation Form (Form 13A)
Articles of Association
Memorandum of Association (optional)
Notice to Business Registration Office (IRBR1)
3. Pay the registration fees. The registration fees for a Singapore company are as follows:
S$315 for the incorporation of a company limited by shares or a company limited by guarantee
S$375 for the incorporation of a private unlimited company
4. Submit the application. You can submit the application for company registration either electronically through the BizFile+ website or in hard copy form to the Accounting and Corporate Regulatory Authority (ACRA).
5. Receive the Certificate of Incorporation. Once the application is approved, you will receive the Certificate of Incorporation and the Business Registration Certificate.
Here are some additional things to keep in mind when registering a company in Singapore:
You must have at least one shareholder and one director.
The minimum share capital for a Singapore company is S$1.
You must appoint a company secretary who is a resident of Singapore.
You must have a registered office in Singapore.
The cost of setting up a company in Singapore varies depending on the type of company and the services you use. However, the total cost is typically around S$1,000.
Here are some of the benefits of registering a company in Singapore:
Favorable business environment: Singapore has a very favorable business environment. The government is business-friendly and the legal system is transparent and efficient.
Low corporate tax rate: Singapore has a low corporate tax rate of 17%.
Free trade zone: Singapore is a free trade zone, which means that there are no import or export duties. This can save you a lot of money on your business expenses.
Gateway to Southeast Asia: Singapore is a gateway to Southeast Asia, which is a rapidly growing market.
If you are considering registering a company in Singapore, contact a company formation agent to help you with the process. They can guide you through the steps and ensure that your company is registered correctly.
How Bestar can Help
Bestar is a professional services firm that can help you with Singapore company registration in Malaysia. They have a team of experienced consultants and accountants who can guide you through the process and ensure that your company is registered correctly.
Here are some of the services that Bestar can provide:
Company registration: Bestar can help you register your company with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. They will prepare all the necessary documents and file the application on your behalf.
Corporate secretarial services: Bestar can provide you with corporate secretarial services, such as maintaining your company's records, filing annual returns, and attending board meetings.
Tax advisory services: Bestar can provide you with tax advisory services, such as helping you to choose the right tax structure for your company and filing your tax returns.
Accounting services: Bestar can provide you with accounting services, such as preparing your financial statements and managing your accounts payable and receivable.
Business support services: Bestar can provide you with business support services, such as finding a registered office in Singapore and obtaining a business registration certificate.
Bestar can also help you with other aspects of setting up a business in Singapore, such as obtaining a business registration certificate and finding a registered office.
Here are some of the benefits of using Bestar for Singapore company registration in Malaysia:
Expertise: Bestar has a team of experienced lawyers and accountants who are experts in Singapore company law.
Convenience: Bestar can handle the entire company registration process on your behalf, so you don't have to worry about the details.
Peace of mind: You can be confident that your company will be registered correctly and that you will be compliant with all the relevant laws and regulations.
If you are looking for a professional and reliable company to help you with Singapore company registration in Malaysia, contact Bestar.
Here are some additional reasons why you might want to use Bestar for Singapore company registration in Malaysia:
They are a local company: Bestar Malaysia is a local company with a deep understanding of the Malaysian market. This means that they can provide you with the best advice and support for your specific needs.
They have a proven track record: Bestar Malaysia has a proven track record of helping businesses register in Singapore. They have helped hundreds of businesses to successfully register their companies and start their businesses in Singapore.
They are affordable: Bestar Malaysia offers competitive pricing for their services. This means that you can get the help you need without breaking the bank.
If you are considering registering a company in Singapore, contact Bestar Malaysia to discuss your specific needs. They will be able to provide you with a free consultation and help you to choose the right services for your business.