Is It Beneficial To Setup A Company In Singapore?

Today the practice of setting up business overseas is a popular practice as it reduces the credit risks to the organizations. Many of the countries are participants in this act.

What about company setup in Singapore?

It is not that difficult to do offshore company formation in a place like Singapore. What is needed to be followed, are the rules and regulations of that country. The Government there has got an investor friendly legislation that makes this task easier comparative to other regions.

What are the formalities to be completed?

• Visiting Singapore- The first thing to do is to visit there in order to start the procedures. It has got an open system which makes all the formalities quite hassle free.
• Registration process- A registration agent, law firm and accounting agency need to be hired. On the other hand, all the activities can be handled by a corporate firm. The corporation must be registered with ACRA.

Singapore has got tax treaties with other nations and thus setting up business can be very beneficial. After the name approvals and completion of required documents, the company can be registered within 1 day.