Registration of Company in Singapore
The act of company incorporation in Singapore is made quite simple. Even though this article is not meant to be a guide on how to register a company, as it is only meant to highlight some of the many benefits of incorporating and company formation in the country, it is a good idea to mention at least the basics of how the incorporation itself is actually handled.
First you must understand that there is a different policy for foreigners and for domestic entrepreneurs. If you are a foreigner, you do not need to relocate into Singapore, you may run the business from abroad, however, you do need to hire someone located in Singapore to register the company for you. You’ll also need to hire a domestic resident who will bear the function of a director. This applies to a company, though. If you plan to work as an individual or be in partnership with someone, you don’t need to seek someone to be the director.
If you are located in Singapore, you may decide to either start a company or work as a sole proprietor. Partnership is also possible, as the business opportunities in Singapore are vast and you never know whether you’ll need to cooperate with someone on a regular and daily basis or whether you can get by by yourself.
Considering the country’s strategic location, tax-friendly environment, open and forthcoming government and the ease of starting a business in Singapore, it can be said that it is one of the best options for incorporation in the whole world.