Singapore is recognized as one of the leading global financial centers and is the third most globalized economy among the world's largest economies. It operates as a major capitalist service economy with a focus on low taxation and free trade. According to the World Bank, Singapore has the best ease of doing business globally. Singapore private limited companies are highly favored and more accessible to foreigners.
For incorporating a company in Singapore, the following steps need to be followed:
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Step 1: Formation of a Singapore Private Limited Company (Pte. Ltd). Initially, our team of Relationship Managers will request detailed information about the names and background of the Shareholders/Directors. You can choose the level of services required, typically with a turnaround time of 3 working days or 2 working days for urgent cases. Additionally, provide proposed company names for eligibility verification in the Singapore Corporate Regulatory Authority (ACRA) system. Our services also include a Local Secretary who is a Singaporean citizen.
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Step 2: Settle the payment for our Service fee and the official Singapore Government Fee. We accept payment through Credit/Debit Card, Paypal, or Wire Transfer to our HSBC bank account.
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Step 3: Upon receiving all necessary information from you, Company formation Corp will send you a digital version of essential documents (Certificate of Incorporation, Register of Shareholders/Directors, Share Certificate, Memorandum of Association, Articles, etc.) via email. The complete Singapore Company formation kit will be couriered to your residential address using express delivery services such as TNT, DHL, or UPS.
You can open a bank account for your company in Singapore, Europe, Hong Kong, or other jurisdictions that support bank accounts. With a Company formation, you have the freedom to conduct international money transfers.
Congratulations! Your Singapore Pte. Ltd formation is now complete, and you are ready to engage in international business!