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Published On: Mon, Nov 26th, 2018

Simplified business registration process backed by professional facilitating services ensures fast business set up

Singapore has found a special place in the world economy by positioning itself as the go-to destination for foreign investors who want to spread their business across Asia. The world has acknowledged Singapore’s contribution in developing businesses that have helped it become a global business hub.  Many factors have contributed the city-state to become a global destination for business especially its political stability, superior business infrastructure, open business policies and respect for intellectual property rights backed by a skilled workforce. Over and above, English being the staple language for communication, the business environment is just right to attract investors from around the world.

Image/CIA

Companies with an ambition of spreading their business across Asia by tapping into the emerging markets are ready to use Singapore as a springboard. The Singapore government has taken several steps to ensure that the business registration process complements its policies by providing that business registration happens very fast.  Global businesses have realized how much it can benefit by setting up business establishments in Singapore which is why there is great demand for professional secretarial and administrative services that facilitate the process.

The attraction of Singapore

The appeal of Singapore is in its perfect blending of Eastern and Western cultures that gives it a unique identity. The influence of Asian, European and American cultures is evident in the social fabric of the country that is more cosmopolitan and acquires the business-friendly characteristics that attract the international business community. The erstwhile British colony has become an epicenter of global business, and foreign companies are keen to have a presence there.

Registering a company in Singapore

Singapore’s Accounting and Corporate Regulatory Authority (ACRA) is the business registering body that ensures one-day registration of business provided all documentary, legal and procedural requirements are duly complied with. To take forward the process of business registration, it is necessary to seek the services of a professional company that offers business setup services in Singapore.

Select a name – Business registration is a two-step process that comprises of choosing a name of the company which is approved or rejected in just an hour except for companies that have certain words like media, law, bank, finance, etc. that requires some review which takes time. Ensuring that the name is unique and does not infringe on trademarks can secure speedy approval.

Register the company – As soon as the name is approved, focus on completing the paper works related to company incorporation which if done correctly should complete the process of registration in an hour.

The process of setting up a business is simple and straightforward. The country is ready to welcome entrepreneurs, professionals, and investors who can work for mutual benefit that helps to boost the economy of the country while ensuring high profits for those who set up business there.

Thousands of companies have enjoyed the benefit of quick business registration that goes a long way to make the business grow. The role of the companies that provide secretarial and administrative services need special mention without which it would be difficult to ensure timely registration.

Author: Charlie Brown

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