Singapore is known for its great law enforcement system in general, and especially regarding business incorporation and operations, as well as tax regulations. These laws and regulations are favorable for anyone who wishes to bet their lucks in doing business within the country, whether it is a local or a foreigner. Yes, Singapore is very accommodating even for people from outside of the country. Due to this fact, more and more entrepreneur attempt to initiate their business in Singapore.

If you are also one of the entrepreneurs who are interested in doing business in Singapore, you might be worried about not being able to do it because of having little to no knowledge regarding the steps and regulations of company registration in Singapore. Actually, you don't need to be worried about this because it is easy, and there is always a company registration firm that can assist you throughout all the process. Using the service of one of these firms is actually mandatory for foreigners.

1. Company Name

First, let's start with coming up with the name of the company before anything else. The company name will be firstly registered and approved before you can start getting your company incorporated. A company name should not infringe any copyright and does not include inappropriate words that are foul or obscene.

2. Type of Business

You have to think of the most appropriate type of business you want to start in Singapore. There are four types of businesses a foreigner can register in Singapore:

- Representative Office

- Branch Office

- Subsidiary Company

- Re-domiciliation

Be informed that each type of business has its respective advantages and disadvantages, especially when it comes to the tax regulation/exempt that will be enacted upon your company. Each type of business has different liabilities as well. If you are finding difficulty in thinking of which is suitable for you, perhaps start by thinking about the size of the business you want to build and the purpose of the business itself. Not only that, you must also consider your expertise in business, because each type holds different levels of risk as well.

3. Company Staff

Next, you need to appoint several people to work for your company. The basic requirement for a company is that it must have a local director and a secretary. Last but not least, a company must have at least one shareholder. Commonly, a sole proprietorship kind of business allows up to fifty shareholders.

The local director and the secretary must, of course, reside in Singapore. For the local director, the person must be either a citizen or a resident of Singapore, or a foreigner that already has an Employment Pass. However, for the secretary, it must be a native person. As for the shareholders, a foreigner can freely be a shareholder for a Singapore company. All people for these positions must be at least 18 years old without a prior criminal record as well as a history of bankruptcy.

4. Address

A Singapore company must have a registered address within the country. The address that is registered must be physical and is not allowed to be a post office box.

To know more information about company incorporation in Singapore, visit the website A1corp.com.sg