How Do I Register a Business in Singapore

Most entrepreneurs, when they opt for a Singapore business registration, start a private limited company. However, depending on your business needs, the risk involved, and the liability you are ready to commit to, you can also use other business structures.

Choose the Right Legal Structure

In addition to a private limited company, you can also form your business as a Sole Proprietorship or Limited Liability Partnership (LLP). You need to be careful here, as your choice can impact your liability and tax amount. It can also affect a business’ tax amount, branding, credibility, and fundraising ability.

Singapore government helps new businesses in their initial days. The government offers them various grants and tax incentive and help them take roots. The low corporate tax rate lowers their overhead costs. This support gives them a breathing space to find a foothold or a niche to cling to.

You can claim these benefits for your business only if it is a locally registered private limited company. You also need to maintain their management in Singapore.

How to Register a Private Limited Company

You need to apply to the Company Registrar of Singapore to register your company. A government agency named Accounting and Corporate Regulatory Authority (ACRA) acts in this capacity.

For your Singapore business registration, a company or a business firm like a sole proprietorship or an LLP, you need to apply to ACRA. If you are a foreigner, you can appoint a Singapore business registration services provider to take care of the task.

The process for Singapore company registration is streamlined and has only two procedures.

Get company name approved from ACRA
Apply to ACRA for your company registration
1# Get Company Name Approved from ACRA

You need to choose a unique, meaningful, and decent company name. It will improve the chance of getting it approved by the ACRA. If you have appointed an agent to form your business, send them a list of 3-7 company names.

Their experts will check the names for availability on the ACRA’s website. They will register the available company name by paying an official fee of S$15.

2# Apply for Singapore Company Registration

ACRA acts as the Company Registrar of Singapore. And you need to apply to ACRA to register your business. You must submit all incorporation and KYC documents along with your application. You also must pay an official fee of S$300 in processing fee.

ACRA may take 1-3 days to process your application. After the successful Singapore business registration, ACRA sends you an email. You can use it as an Incorporation Certificate in Singapore. It contains details of your newly registered company like; Unique Entity Number (UEN), business profile, Etc.

If ACRA forwards your application to a Ministry, it may delay the approval by up to 2 months.

Pre-Incorporation Requirements

Before you decide to initiate the Singapore business registration process, you must fulfill a few of the pre-incorporation criteria. They are as listed below:

Company Shareholders

You need at least one shareholder to start your private limited company. It can have up to 50 shareholders. A shareholder in a company can also be its director.

An individual, a company, or a trust can be a shareholder in a Singapore company. If you are the sole foreign shareholder, then Singapore allows you 100% shareholding in your company.

Local or Resident Director

You need to appoint at least one resident director who is ordinarily a resident of Singapore. You can appoint a Singaporean citizen, permanent resident, or an entrepreneur or employment pass holder.

You must also see that the appointee is over 18 years of age and is not bankrupt or has a criminal history.

Company Secretary

As per the Company Act, you must appoint at least one company secretary within six months of the formation of your company. You need to select a qualified and experienced individual who knows the Company’s Law and is ordinarily a resident of Singapore.

You can appoint a Singaporean or permanent resident or a holder of employment, entrepreneur, S, or a dependent pass. A sole director of a company cannot be its company secretary.

Minimum Initial Paid-Up Capital

You need S$1 in the minimum initial paid-up capital for your Singapore business registration. You can increase the company’s capital at any point in time after the formation of your company.

Local Registered Address

You must provide a registered physical address in Singapore for your company office. It has to be an address of a residential or commercial place. P.O. box address is not valid.

Simplify Your Singapore Business Registration

Many local business owners appoint a Singapore business registration services provider for the task. Many a time, they choose a registered filing agent.

These agents are authorized to interact with government agencies, submit documents, and pay the official charges. They have incorporation experts to advise you on your business formation and simplify it.

If you do not have a local director, your provider can arrange a nominee director. You can also pay these firms for a local registered address or a company secretary. They may also assist you in opening a corporate bank account for your new company.

Singapore is a great business hub to start your new business. It ranks in 2nd place for the ‘Ease of Doing Business.’ It is the reason why Singapore business registration is popular. It is a fast process, and you need only 1-3 days to form a new business in Singapore.

Launch Tree Review and Internet Marketing

The two great enthusiasts, Mike Filsaime and Anik Singal, launched a new product with the name of Launch tree review. It is a detailed description of online marketing that can help you in promoting your online business and hence, help you earn huge profits.

Internet marketing and its advantages

Internet marketing is growing and spreading its arms far and wide. It is an inexpensive method of advertising your product. The companies, using this mode of advertisement can capture large audience within their small budget. This medium helps audience to research and purchase the product at their own convenience. The business have appealing effect on customers and thus, bringing out good results.

It is just because internet marketer can easily study the statistics and learn about their business progress. Hence all the aspects of internet marketing can be traced and tested. This mode of advertisement is easy to track, as the exposure and the result can be viewed without any problem.

Elaboration of internet marketing in launch tree review

Though internet marketing is same, but still you will find some surprising information waiting for you in launch tree review. They offer some useful information on Google AdWords. This will be helpful in capturing interested prospects. There are tips to improve your website ranking with regard to Google search engine optimization.

Some important ideas forwarded by Launch tree reviews

One of the most important principles is to understand customer’s psyche. It is the foundation of online marketing. Launch tree review say that you can look into the foundation, but still a building stand on it. Similarly, understanding client’s psyche is a root and your business stand over it. Those who fail to read their client’s mind cannot grow. This product became famous because of the Mike and Anik’s ability to understand the audience mind.

As per the tips of Launch tree review, it is not just selling your product, but also providing customers with the value of product. They directly say that if you are selling your product and then moving on to other, you are going to make a big loss. The owner of Launch tree review always laid stress on reading customer’s mind and need. This approach has really proved useful in raising money.

Conclusion

The concluding phase of this review will show you the direction towards your client’s mind and need. Once your client gets satisfied, your business starts yielding good returns over your investment. Online marketing can show good ranking of your website on Google or other search engine pages. But, you need to focus on your customer’s mind to earn more.

Launch Your Next Product On A Cruise!

A luxury cruise provides a fabulous platform for you launch your new product.

Your competent travel agent will be able to take care of all the arrangements leaving you free to concentrate on your promotional matters. You will gain kudos from your customers for using such a unique venue and you are sure to have their undivided attention as they are away from life’s distractions and are sure to regard your proposal favorably.

What better way is there to bring all your potential clients together to announce and launch your next product?

Can you think of a better, more impressive way than to charter a small luxury cruise ship for your next product launch?

All your key customers are onboard a ship, in the middle of the ocean, luxuriating and enjoying the fresh air, feeling open and relaxed. Even if they suspect there is something about to be proposed to them, they won’t care once they get on that luxury cruise ship!

They’ll be open to any and all new ideas or products.

When you’re ready to make a big splash with a new product, take your clients on a small luxury cruise for your new product promotion and do it right! Get your audience out on the seas where there is nothing but open air and water and a relaxing atmosphere.

With professional staff to take care of every need they could have, they are getting pampered and you’re getting a great set up to launch your product. They will be so impressed that you thought enough of their business to bring them together like this, how can they turn down a product now?

When you decide to use a luxury cruise charter for your next product launch, call a professional travel service to set things up. They can make it happen, finding you the best deals possible and still make your guests, aka potential clients, feel relaxed, warm and welcomed.

From making the travel arrangement to the dock, providing food and refreshments and every other possible thing they could need or want available, a professional, skilled travel agent can make it happen for you.

Choose an exotic place that will take your potential buyers away from the stress of the office and help them relax. With a professional travel agent, you can arrange a day’s outing on a distant island or schedule an evening of fun and games on board that will enable you to introduce your new product.

This next product that you’re ready to release could be what takes your company over the top and put on the Fortune 500 list.

Do it right and take your important clients on a small cruise and make this an event that not one client will forget in a hurry!

With the professional services of an experienced travel agent, you’ll have signed purchase orders before the ship docks back home and your guests disembark to return home.