Singapore is situated at the southern tip of mainland Malaya where it is ideally located for the transfer of shipped freight between the east and west and also has an airport that is well set-up for also dealing with these types of international freight. This means that any business which transacts east/ west trading would have a possible advantage being located or at least having offices in the country. However, due to the country’s low tax rates for businesses which are registered there, many businesses which don’t even have this type of trading also register there in order to take advantage of the tax laws. To register in Singapore though, a business must have an official Singapore address even if it is just an office, as long as that office is staffed and allows access to it during normal office hours. These are regulations which could make registering a business in Singapore difficult except for the fact that Singapore businesses like Singapore Incorporation Service (S.I.S) offer help and assistance to any foreign business wanting to register in Singapore. The process is not just one that requires an office in the country though as other requirements must also be met, such as having a nominee director that is a Singapore citizen, permanent resident or at least has an employment card. Also as Singapore regulations insist that records of the business are kept along with the accounts, a Singapore citizen must be named as the corporate secretary and it will be that secretary that will be responsible for the records needed by the Singapore government which means that the same secretary must have a full understanding of the business. A business will though be allowed a 6 month grace period before naming the corporate secretary which is ample time for them to get to know the business. It are the Singapore businesses which offer assistance to foreign businesses which can help with all these regulations, perhaps offering the services of a director or acting as the corporate secretary and maybe even acquiring an office premises. Of course, the Singaporean director would not have to take over the business, simply be a figurehead and so a business may have to name two directors, one as the figurehead and another that actually runs the business. An alternative to this though would be that the current business director acquire an employment card which as Singapore’s immigration laws are well suited for businessmen to be holders of these cards, is not too hard. The Corporate secretary though is a different matter as that has to be a full Singapore citizen. It may be necessary for a business to also hire other professional staff but as Singapore is well-known as the best country in the world for providing a well-qualified workforce, that too should not be a problem. As tax regulations for businesses across the world continue to get higher, Singapore becomes an increasingly popular choice for corporations and businesses and many are already feeling the benefits of registering.
As long as you’ve got the finances for funding, the drive to lead people, and the will to invest and find people to render service on your behalf, you may be able to establish a company of your own. You can be a sole proprietor of a business, if you want to. For practicality, though, you may want to establish a corporation or talk to people who can be shareholders so that you could build an enterprise easily. After all, when there would be individuals who’d help you out, it would be possible for you to make your brand name known as early as possible and more conveniently. Though you may have some people who’d direct certain aspects of your company when you’d work with several individuals who are shareholders, at least you’d be able to lessen the burdens that you’d have to handle. Today, if you wish to have your own enterprise, you may choose to create one locally or abroad. That’s because you may do well as a local business owner or an investor overseas. Basically, there are various ways on how you may be able to set up the enterprise that you always wanted to establish. You should keep reading to get more relevant information that may aid you in having a company created.
Of course, without enough money, it may be difficult or even unfeasible for you to run a business. On the other hand, just because your finances are inadequate, it doesn’t mean that you should totally give up on your dreams right away. There are many ways on how you could come up with the funding that you require. One of them is to apply for loans. Today, there are so many lenders who are willing to give out their money to borrowers. If you’re okay with being in debt for a while and if you’ve got the capacity to pay up loans after some time, this approach is something that may be alright with you. As mentioned, you also have the option to look for individuals who may want to assist you with your capital needs. There are now so many wealthy individuals and risk-takers that are interested in being shareholders. If you want to, you could look for some stockholders or capitalists and then introduce to them your business plan so that you may be able to accomplish starting a business in Singapore or having a business site somewhere.
If you’re planning on setting up an office abroad, there are some things that you ought to bear in mind. Before any foreigner could enter a country, documents have to be prepared. It’s only with the right papers wherein foreign entrepreneurs or employees could get to work overseas. You have to understand that the governments of most countries around the globe are also cautious about who they allow to enter so papers have to be handled before individuals could be permitted to work abroad. For you to conveniently have your equipments and also personnel relocated easily to another country, you may want to consult with experts that help companies with their incorporation and similar requirements.