To set up a company in Singapore, incorporation or registration is the first step that most entrepreneurs need to take. Corporate incorporation is specifically registering your business with the state so that it is legally a standalone entity.
That is why we offer a comprehensive portfolio of services to help entrepreneurs. These range from incorporation, directorship and secretarial services to accounting and banking that will be helpful for your firm from set up to expansion.
After incorporation, there are a number of tasks that a new company has to complete before it can start operating. Some of the tasks are related to regulations, such as buying a company seal, setting up statutory books, and registering for taxes and licenses. Other tasks relate to the nitty-gritty of commencing business operations, such as opening a bank account, setting up an office and sorting out insurance, etc.
Without guidance, these tasks may seem complicated or daunting to you as a new entrepreneur, particularly if you have had experience with incorporation in other countries. In Singapore, these tasks are very straightforward and can be accomplished easily. Even though you can complete these tasks on your own, given the somewhat legal nature of some of the tasks, it may be best to seek the help of the professional services firm that helped you incorporate your company.