Investors, both local and foreign looking to operate a business in Singapore must adhere to a set of requirements and follow a specific procedure in the process of registering their company. However, foreigners, regardless of whether they plan on relocating to the country or managing the company from abroad, cannot self-register and must do so through professional firms set up specifically to deliver incorporation services.
Company registration in Singapore starts with approval of the proposed company name. This is subject to some conditions, among them, that the name should not be in use or reserved by another body, does not include any vulgar and does communicate an infringement on any established trademarks. Company registration Singapore requires a registration fee of S$300 and presentation of a number of documents or details to the Registrar of companies. These, apart from the business name, include a brief description of what activities the business intends to engage in once operational, pertinent details about shareholders and the incumbent board of directors, a registered physical address and the Memorandum and Articles Association (MAA) for the company.
Company registration in Singapore is an efficient process and within an average of 24-48 hours, given compliance with all the requirements, a company can attain legal incorporated status. While company registration may be the ultimate go-ahead for commencing business operations, companies in specific industries or market niches may also require additional business licenses. For more information about registering a company in Singapore, visit http://companyregistrationsg.com/.