A Few Things to Know Before Company Registration Singapore (1)

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A Few Crucial Things to Consider Before Company
Registration Singapore

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Although the Singapore economy has been heading
towards the technical recession lately, it could
hardly cast its ill effect on the spirits of
entrepreneur enthusiasts across the globe. The
potential entrepreneurs still view Singapore to
be the most promising launching pad for their
startup venture. They continued to immigrate to
the island nation in the pursuit of company
registration Singapore. The process of Singapore
company registration has long been known for its
straightforwardness and minimal bureaucratic
hurdles. Nevertheless, it could be a daunting
task unless you have excellent knowledge of the
legal procedures. This is the main reason why
many experienced entrepreneurs advised the new
entrants to hire a good company incorporation
specialist in the city-state. The professional
services providers ensure to provide end-to-end
services vis a vis company registration in
Singapore.
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Singapore Company Registration The Key Facts The
Singapore Companies Act, Cap 50 regulates the
process of Singapore company registration. One
must undertake two steps to accomplish the
process successfully. 1) company name reservation
and 2) company registration (filing of
application form necessary documents). Both of
the steps must be done with the authority called
ACRA (Accounting Corporate Regulatory
Authority). It should not take much time to get
the registration done unless your application
needs to be reviewed by the approval authority.
Once approved, the name will be reserved for 60
days, and one can register the business within
the said period. Nevertheless, you can also
extend the company name reservation period for
another 60 days by filing an application with
authority. Upon the filing of the application
form, the applicant will receive mail from ACRA
confirming the successful registration. The
soft-copy attached with the mail will be treated
as official incorporation certificate. There are
few minimal requirements which must be met before
registration process.
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• The Minimal Setup Requirement for Company
  Registration Singapore are
• At least one local director of 18 years of age
  and above. He must be either a PR, natural
  citizen or holder of EP/EntrePass.
• At least 1 or up to 50 numbers of shareholders. A
  shareholder can be a company or individual.
• A registered office address. It should be a
  physical one. P.O. Box address is not accepted.
• The minimum value of paid-up capital is S1.
• A qualified company secretary must be appointed
  within six months from the date of company
  incorporation.
• Here is a checklist of few things to consider
  before taking the plunge into company
  registration Singapore.

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Build Expand Your Business Network in
Singapore Building a strong business network is
paramount for every entrepreneur. It helps you
grow your business exponentially. You may start
attending business events, trade shows,
exhibitions to get exposure in your areas of
interest. A smart entrepreneur spends around one
fifth of his time on building a relationship with
peer businessman and strengthening the bond.
Many business communities organize events and
meetups in Singapore. You may join the
communities to share and exchange the business
ideas. It would help broaden your knowledge as
well as business network.
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Define and Focus on Niche Audience It is
important for any business to define and focus on
the target audience. You should know exactly who
your customer are. Once you know your niche
audience, you can design a specific marketing
plan. With the help of the marketing actions,
they will begin to know who you are and get to
liking your product and services. They eventually
come and buy from you. If you try to cover
everyone with one marketing strategy, you will
lose more 50 of your audience just because it
does not apply to them.
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Spend a Few Dollars to Get Professional
Assistance It is wrong to assume that the
investing a few dollars on hiring professional
services is a wastage of money. In fact, taking
the help of expert incorporation specialist will
save you from the legal troubles you may come
across in the course of company registration due
to your lack of knowledge of Singapore Companies
Act. You may find one good service provider who
will seamlessly work with you and help your
business thrive.
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Delegate the Tasks to Right People Delegation
simply does not ensure business success It is
equally important to delegate the tasks to the
right people. So, make sure to hire the right
employees for your company as they are the key
driving force behind your success. Many times,
businesses face downfall simply because of a pool
of wrong resources. If you appoint the employees
who are qualified but do not possess the drive,
your business is likely to witness slow progress.
Sometimes, the growth stops and the business
become stagnant. The team of your company must
have a clear business vision and goal. These are
the surefire ways to become a successful
entrepreneur after company registration
Singapore. Make sure to follow these guidelines
so that nothing can stop you from achieving the
business goals.
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SINGAPORE MAIN OFFICE
High Street Centre, 17-02, 1 North Bridge Road,
Singapore - 179094 Email info_at_registercompanyi
nsingapore.com AdministrationTel (65) 6536
0036
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