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As a matter of fact, it's so simple that even non-Singaporeans can incorporate in Singapore.
Anyone can set a new company by filing a Memorandum and Articles of Association.
Following the entry of the required records, registration is done in the Companies Registry office.
The registered owner becomes the company's (the one who owns the company) resident manager and shareholder and the company's certificate is then issued.
They're also accountable for ensuring that the moneys received by the shareholders in their hands do comply with all the regional Companies Act.
There are two distinct ways by which a person may integrate in Singapore: either through the method of general or specific limited liability.
To get your business registered and you as an owner form a legal entity to conduct business operations.
The two most important reasons for incorporating a business are limiting individual liability and protecting personal assets.
Also, it allows business owners to seek financial help from investors.
For foreigners, one local Singaporean should be nominated as director to register themselves in Singapore.
These companies can conveniently perform business operations without a physical presence in Singapore.Generous Capital for registrationTo register a company in Singapore, the minimum capital required is S$1.
No double taxationSingapore has ensured the businesses need to be taxed only when transactions are done.
When you plan to start your own company, company incorporation is the basic thing you will have to do.
Successful business owners when venturing into a new business, then they always take experts advice and look for the help of specialists.
They ask for advice on what services or products are best to promote or what marketing techniques or methods work best at boosting sales.Visit: http://tecnovaglobal.mystrikingly.com/blog/learning-the-basics-of-company-incorporation-in-india
