Explore Some Prime Things to Do For Doing Business in Singapore

1. There is no short cut to get international popularity of business till you make personal efforts to find a suitable business destination and do right branding of the company and its services worldwide. The better way is that you start new branches of business in overseas and give an international level approach to the company and let the whole world know about valued products and services of your company. But, it does not mean, you will go blindly. No, you should have to find a right destination in the world, where you can pursue for new business easily and can find potential customers as well to do business with them. If you want to start new business in any Asian country, then Singapore would be the right business destination to opt. The city-state like Singapore is always a trending business destination across the world, where global entrepreneurs, business freaks, investors, and leading brands want to incorporate their new branches to do business with global customers. Thus, you will find the Singapore a perfect business nation to expand your business wings and give it an international level growth easily. Here are some significant things mentioned below, which you need to keep in mind for doing business in Singapore such as:

2. 1. Find a Suitable Virtual Office for Company Setup in Singapore It is necessary that you have found a furnished virtual office in Singapore to setup your venture in the country. Usually, there are many blue chip IT offices and corporate workplaces are available at renowned commercial places or business spots across the country. At such places, you will find amazing offices and spaces to start virtual offices easily. You can hire any office or space on rent for your company’s setup easily. The offered offices will be versed with all facilities like wide meeting rooms, stunning bathroom, reception area, telephone, fax machines, Wi-Fi, etc. So, you should first hire any virtual office in Singapore to start your business in the country. 2. Apply For Company’s Incorporation and Its Name Approval with ACRA Moving to the next step would be the incorporation of your company and approval of its name with ACRA authority in Singapore. For this, you need to gather all relevant information or requirements of company incorporation in Singapore and its name to be approved legally. For this aim, you can also take aid of legal business consultants or may avail services of genuine business incorporation agencies or service providers in Singapore and get the job done legally. The agencies will do the needful help in company’s incorporation as well as its name approval with ACRA in the country through authorized ways on your company’s behalf.

3. 3. Appoint a Professional Company Secretary for Company After completion of six months of your company’s incorporation, you are supposed to hire a professional company secretary in Singapore for your organization. It is a mandatory rule in the country for all local and foreign businesses in Singapore to appoint an experienced company sectary in-house to handle company’s all matters relate to the departments like admin, operation, legal, business sale, and clients’ issues as well. Make sure, you hire company sectary from authorized sources or recognized corporate service agencies in Singapore only. 4. Apply for Company’s Registration Finally, you need to apply for company registration in Singapore, which is also necessary to be done legally as per government norms. For this, you need to follow all legal steps and submit required document proofs for further verification process as well. Once your documents will get verified with ACRA and IRAS authorities in Singapore, they will issue a legal business registration number soon that will permit you to run the company freely in the country.

4. 5. Accounting and GST Registration of Company with ACRA Furthermore, you need to register your company’s accounting and taxation details of business with Accounting and Corporate Regularity Authority (ACRA) in Singapore. Besides, it is also necessary to file for GST registrationfor company’s goods and services activities to done legally in Singapore and file for the same timely to the government. 6. Apply for Business License or Government Approval, if Any If your business needs any license to run in any country, you should also have to apply for the same as per corporate norms in Singapore and get the license or government permit first before starting operations in the country. Thus, above are important steps that you need to be taken care of wisely for doing business in Singapore in an authorized way. Contact Us: High Street Centre, #18-03, 1 North Bridge Road, Singapore – 179094 Phone : (65) 6536 0036 Email: info@sgcompanyincorporation.sg