The procedure for company incorporation in Singapore is fast and simple today. However there are certain requirement to be fulfill before you can register a company. As Singapore is motivated to attract foreign company to hold their head office here and also support local businesses to grow, hence companies can enjoy attractive tax benefits.
To form a company with a foreign director and/or shareholder, you will need to engage a Registered Filing Agent (RFA) like Ace Success Pte Ltd to assist you in the company incorporation process. Our incorporation service also include advisory and initial documentation which is required for the formation of company. For your convenience, we even make signing of documents a breeze by using digital signing platform.
Regardless you’re an individual or a corporation, the process of setting up a company/business in Singapore is straightforward and simple when you do it with us.
Anyone that would like to operate a business in Singapore first must be registered with the Accounting & Corporate Regulatory Authority (ACRA).
Beside deciding what type of business entity best suit you, setting up an agreement between your partners are equally important. Prior to setting up your company, you may want to consider having a formal Shareholder Agreement. This can be used to supplement the company constitution, which may not be extensive enough to cover the rights and power of a shareholder. The agreement will set out the rules and regulations between the partners in terms of managing the company and dispute resolutions.
For partnership, you will need to have a partnership agreement indicating the share percentage each partner has. Another important reason to have the shareholder agreement or the partnership agreement is to provide protection for the parties involved in the ownership of the company against the actions of the others, whether minority, majority or equal.