Drawing-up your own business in Singapore? Exquisite choice! Singapore is one of Asia's most bustling business hubs for company formation, an island ripe with opportunity for all who come seeking for it. Our team at UPVUE asserts you the guidance with the foremost ways to register your start-up:
Good news! The Singapore Registrar of Companies has a computerized system, so the process is fast and efficient. Registration only takes 2 steps and it's usually done in one day:
After you pick a cool name for your business, we file the application for you as part of our service.
This part of the process can take less than an hour unless you want to use special words (like bank, finance, law, media) that need special approval.
In that case it might take a few days.
It is crucial to choose a name that is unique, or not too similar to an existing company. Make sure it doesn't infringe any trademarks. Also, it's wise not to use a name that is internationally registered.
And of course it cannot be vulgar, or already in use or reserved.
Once approved, the name is reserved for 60 days. This can be extended for another 60 days by filing an extension right before expiry.
Once your company name has been approved, we will file the approval along with the incorporation application. Assuming that all documentation and supporting evidence is in order, registration forms can be ready for signing by the director(s) and shareholders(s) of the new company in a matter of hours. Rarely are there any delays. A S$300 registration fee is payable at the time of incorporating a private company.
Congratulations! You are now the proud CEO of your company.
This means you get two documents (the Notification of Incorporation and a Company Business Profile).
In Singapore, they are enough for all legal and contractual purposes. Those could include: opening corporate bank accounts, signing office leases,
subscribing to telephone/internet services, etc.
The Company Registrar will send an official email notification confirming the incorporation of the company. This includes the company registration number. This email stands as the official certificate of incorporation in Singapore. If you prefer a hard copy, you can apply online after incorporation, but there is a charge of approx. S$50. You can take the hard copy the very next day from the office of the registrar.
A business profile containing the details of the company can be obtained from the Company Registrar by making a request online and paying a small application fee. The PDF document is downloadable within an hour of the request and contains the following key details:
Singapore is a superb, convenient location for domestic or international businesses to establish their head office or offshore headquarters. The country offers considerable tax, financial, and operational advantages to businesses and investors alike.
Whether you are a Local or Foreigner, we offer a comprehensive Incorporation of Company package that includes all the required items and services needed to set up and begin trading, including:
Company Incorporation + Unlimited Corporate Secretary
Not included:
Compliance Package - Accounting & Taxation starting from $1,200/year
Company Incorporation + Nominee Director + Unlimited Corporate Secretary + Registered Address
Not included:
Compliance Package - Accounting & Taxation starting from $1,200/year
Incorporation is the legal process used to form a corporate entity or company. A corporation is a separate legal entity from its owners (shareholders).
This part of the process can take less than an hour unless you want to use special words (like bank, finance, law, media) that need special approval. In that case it might take a few days.
Otherwise, upon receipt of all signed incorporation documents and your IC or passport copy with proof of address documents, your company can be incorporated in less than 1 hour!
Incorporation is the legal process used to form a corporate entity or company. A corporation is a separate legal entity from its owners (shareholders).
This part of the process can take less than an hour unless you want to use special words (like bank, finance, law, media) that need special approval. In that case it might take a few days.
Otherwise, upon receipt of all signed incorporation documents and your IC or passport copy with proof of address documents, your company can be incorporated in less than 1 hour!
It's a type of working visa issued per specific company so it can invite foreign professionals, managers, executives, and technicians. It allows you to work exclusively for that company, live and bring your family to Singapore. It's valid for 1 or 2 years and can be renewed afterwards.
No, EPs/DPs are issued per one specific company. You can only work for the company that sponsors your EP. So after your company is incorporated, your new business has to apply for your new EP. Do it concurrently: there's no need to cancel your old EP before you get the new one.
This is an employment pass so your professional qualification and educational level will be evaluated. We will file your CV with relevant professional experience, education data and the company profile to get the pass.
if you want to bring immediate family under Dependant Passes, you can apply for a Long Term Visit Pass for your family if you meet these requirements:
Some of the businesses are controlled by government authorities in the country. Therefore, you will need to obtain approval from relevant government authorities and provide them to start your business. For example, you will need to have a government approved permit to set up a retail business, wholesale business, import business, childcare center, private school, money lending business, financial advisory service, liquor distributor business, travel agency or a video company.
You will need to have a registered address for the business. In addition to that, you need to make sure that your business is open to public at least for three hours during weekdays.
You should obtain a registration number for your business from ACRA. It should be on all the invoices, letterheads, bills and other official documents you print.
If your business is engaged with imports and exports, you will need to have custom registration as well. In order to do that, you should register the business with Singapore Customers and get a CR number.
Goods and Services Tax, which is also known as GST tax is applied on all the goods and services within the country. You will also need to pay this tax for the goods and services that are imported into the country and that are exported out of the company. It is mandatory for all the businesses in Singapore to sign up for GST. You can do it voluntarily as well.
Central Provident Fund, which is also known as CPF is the pension fund scheme, where both employee and employer will contribute a specific percentage of the monthly salary. It is mandatory for an employer to contribute towards CPF. On the other hand, employees who earn over $50 per month should contribute to it as well.
To Inaugurate your Business and Establish your Start-up in Singapore, our Team at UPVUE is Ready to Provide Indispensable Assistance in any of these Fields and will Ensure your Business Start-up Productivity in Singapore.
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