In addition to offering an excellent quality of life, Singapore is also regularly ranked as one of the best countries to start a business. While the city-state certainly has rules, they are clearly laid out and easy to follow. Intellectual property is respected and new companies can often be registered within hours, if not minutes. Furthermore, Singapore offers a very hospitable environment for foreign investors, granting them various types of incentives to open a company in the country.
Those looking to open company in Singapore can choose between several different legal entities, but the most common and popular choice is a private limited company (or Pte Ltd.). It allows for up to 50 shareholders and provides limited liability, ensuring that investors’ personal assets are safeguarded against business debts. In addition, it is possible for foreign nationals to own 100% of a Singapore company.
After successfully registering your company, you will need to open a corporate bank account in order to process and exchange funds as a part of normal business operations. Many local banks are able to provide flexible services for overseas investors, including the ability to sign paperwork remotely at their branches or through a Notary Public.
Incorporating a company in Singapore can be a daunting task, but VentureHaven is here to help! Our team of specialists is dedicated to assisting our clients through the whole process. From reserving your trade name to incorporating your company and opening your corporate bank account, we are a one-stop shop for all of your company registration needs in Singapore. open company in Singapore