Tag: singapore

Incorporating a business in Singapore is the way to become your own boss. However, it is easier said than done. There are several laws to comply with and many documents to prepare. This is not the type of task you want to do yourself unless you are a specialist in it. It is a very bureaucratic legal process. You may take months to have it done if you do it yourself. However, with a specialist, your company will be fully incorporated in less than an hour.

Choosing the Right Incorporation Services Provider

Broadly speaking, if you want to incorporate a company, you should choose a reputable incorporation services provider. There are several organizations offering incorporation services out there, but you want to work with only those that are known for providing high-quality services. Company registration is a very crucial legal exercise, and if you are not careful, you may meet your Waterloo in the process. Below are things to check for in an incorporation services provider.

Understanding Process

The initial stages of the incorporation process of a company are very important. A mistake made in these stages if not corrected early may make the whole process either too expensive because of fines or ultimately futile at the worst. It may even become a serious legal matter later in life. Company registration always starts with choosing a unique name. Obviously, your company will not be registered if it shares a name with another corporate body. Your incorporation services provider of choice should help you choose a unique name. Once the name is registered, the same firm should help you come up with the memorandum and the articles of association of the company. It should also help you comply with the other basic regulations as stipulated by the Accounting and Corporate Regulatory Authority (ACRA).

Provision of Housekeeping Items

Once the company is registered with ACRA, you still have more fish to fry. You need a company seal, bank account, official letterheads, and stamp. The right incorporation services provider will help you with these as well. You also need tax filing and accounting services later in life, and it will be useful if you can get all these services from one organization.

Customer Care

Customer care is a crucial aspect of company registration. You need to know what happens in every step just to be on the safe side in case there is a lawsuit against your company later in life. Therefore, choose a firm that walks with you in every step of the registration process. One that offers free consultation throughout the process and ensures that you do not miss any relevant bit of information. In general, you should not be a spectator of the process but an active participant.

Charges

Finally, it is also prudent to choose a firm that charges reasonably for its services. You do not want to spend a fortune while registering your company. Therefore, choose a firm that helps you avoid fines and makes the overall registration process a real bargain.…