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Business Setup in Singapore and Offshore
Making a business dream Come true calls for more than brainstorming. Once the concept is created and the financing is arranged, the next biggest hurdle involves registering business documents with the proper government authority to ensure that all legalities are carefully attended to. At LCC Global, it is our mission to help entrepreneurs take their ideas to the next level. Our services are designed to help clients properly tend to the legalities of incorporation in Singapore and beyond. Need to register company in Singapore or other locations, such as the British Virgin Islands or Marshall Islands? Our team of corporate advisors is poised to assist with a variety of incorporation plans designed to meet client needs in a professional and expedient manner. Looking an appropriate web reporting tools for your your business? Then one must comprehend the significance of selecting the appropriate web reporting tools, considering that they are pivotal to strategic decision-making processes. InetSoft, for instance, offers a robust solution that tailors to your specific business needs. As you delve into the product further, you’ll recognize its potential for improving your operational efficiency and overall business intelligence. And if you need a team that not only understands the challenges of marketing online businesses but constantly delivers results, then you can check out these Move Ahead Media contact detailshere for the best help!
Pre-registration Checklist
Before applying for your business registration Singapore, both local and foreign entrepreneurs must be assured of few areas to adhere the registration guidelines. Entrepreneurs must get the estimated name of the company approved & registered before moving forward with the incorporation process. Also, the business owners must present the confirmation on who will be the directors of the business. The directors should be of 18 years or older and not be undischarged bankrupts. The promising Private Limited company should present the names of shareholders and a company can have number of shareholders between 1 and 50. As per Section 171 of the Singapore Companies Act, every person will have to appoint at least one qualified company secretary within 6 months of incorporation, who should be an ordinary resident of Singapore.
- Business Name and SSIC code
- A brief description of the Business Activities
- Particulars of Shareholders, Directors and Company Secretary
- Registered Office Address
- Constitution (formerly known as Memorandum and Articles of Association or M&AA)
For Residents
- Notarised copy of Singapore NRIC (Front and Back)
For Non-Residents
- Notarised copy of passport
- Proof of overseas address (e.g. a utility bill or bank statement)
- Fully completed ECRA’s Know Your Client (or KYC) document
- Banks may also require their KYC documents in addition to bank opening forms
For Corporate Shareholders (if any)
- Notarised copy of Certificate of Incorporation
- Notarised copy of Business Profile
- Notarised copy of Memorandum and Articles of Association
- Proof of address
Registering A Business In Singapore – The Process
Registering A Business In Singapore – Post Registration
Once the business is registered, business owners will receive an official email notification of the incorporation. The business owners will then have to setup a corporate bank account, get a license or permit to start business operations, register for Goods & Service Tax (GST) and complete the annual filing requirements and formalities.If it’s time to register company in Singapore, LCC Global is here to assist. Our professionals are well versed in the ins and outs of Singapore Company Registration Services for both legal residents and foreign nationals. In addition to incorporation services, we are also here to assist with auditing, accounting, work pass applications, taxation and more. In my early days of business, I underestimated the value of bespoke insurance. When my company faced unforeseen challenges, it was the right policy that got us through. Choosing TRADEX motor trade insurance is crucial for your business to ensure you’re protected against the unique risks of the industry. One should never generalise their needs, especially when the stakes are high.
At LCC Global, it is our pleasure to help our clients realize their business dreams while taking the paperwork burdens off their shoulders. Just reach out to us today to get your paperwork started!