If you have a business and you are looking to open up shop in a foreign country, there's nothing for you to worry about since company formation Singapore is relatively easy nowadays. With globalization, economies boom and the influx of foreign investments help make this become real which is why governments try to entice them over to do business in their countries.
For this to materialize, the government offers several incentives like lower taxes and easy access to entities like the GST submission body. Easy access to basic business needs will help attract more investors to come and put up shop in a country. Services like corporate secretarial services are also among the many needs companies have and should be able to access easily in these foreign lands. Moreover, they should be given a directory of service providers that can easily help them with starting up their business in the country.
Singapore consultancy firms that specialize in working with foreign entities help investors with application, registration, and obtaining permits and licenses. The business you are establishing will have to be evaluated in order for the appropriate tax rules and policies to be applied to it. Singapore consultancy firms can do this for you.
Forming a business in a foreign country starts with signing up for a company name. The process of signing up is a lot easier nowadays because many trade and industry government agencies acknowledge applications online. All you have to do is to entrust your company's basic information to the consulting firm you choose in order for them to start registering your company's name. You will have to make sure that the company name you provide is unique since using business names identical to ones already existing in the said country is not allowed.
Formation of foreign companies is important, but governments should also protect their people and their economy. Thus background check on company owners and directors is required. Company formation calls for providing the names of the company's board of directors and shareholders. When you apply for registration, you also give the foreign government the permission to check the executives' background and records.
A secretary is also necessary for company formation. The secretary is the one who handles the business' operational and foundational documents. The last requirement of business formation is a duly registered address. Such an address will cement the fact that your business indeed has an office there and that you do operate from such a location. Government trade agency will personally inspect the company office.
When all of these conditions are satisfied, your company will be recognized as legitimate and they tend to enjoy various tax incentives and exemptions.
For this to materialize, the government offers several incentives like lower taxes and easy access to entities like the GST submission body. Easy access to basic business needs will help attract more investors to come and put up shop in a country. Services like corporate secretarial services are also among the many needs companies have and should be able to access easily in these foreign lands. Moreover, they should be given a directory of service providers that can easily help them with starting up their business in the country.
Singapore consultancy firms that specialize in working with foreign entities help investors with application, registration, and obtaining permits and licenses. The business you are establishing will have to be evaluated in order for the appropriate tax rules and policies to be applied to it. Singapore consultancy firms can do this for you.
Forming a business in a foreign country starts with signing up for a company name. The process of signing up is a lot easier nowadays because many trade and industry government agencies acknowledge applications online. All you have to do is to entrust your company's basic information to the consulting firm you choose in order for them to start registering your company's name. You will have to make sure that the company name you provide is unique since using business names identical to ones already existing in the said country is not allowed.
Formation of foreign companies is important, but governments should also protect their people and their economy. Thus background check on company owners and directors is required. Company formation calls for providing the names of the company's board of directors and shareholders. When you apply for registration, you also give the foreign government the permission to check the executives' background and records.
A secretary is also necessary for company formation. The secretary is the one who handles the business' operational and foundational documents. The last requirement of business formation is a duly registered address. Such an address will cement the fact that your business indeed has an office there and that you do operate from such a location. Government trade agency will personally inspect the company office.
When all of these conditions are satisfied, your company will be recognized as legitimate and they tend to enjoy various tax incentives and exemptions.
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Related articles on company formation Singapore or visit www.centurianconsultants.com. Free reprint available from: Preparing For That Big Step: Bringing Your Business Abroad.
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