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Setting Up a Business in Singapore Guide
Singapore is a small nation, but it is one of the best countries to do business, and it is one of the least corrupted countries in the world. That is why it is easy for everyone to start a business in Singapore. It is also an excellent destination for foreign companies, currency exchanges, and other transactions. You will find here an extensive Guide to Setup Singapore Business if you are curious about it.
Singapore has a diverse culture, and it is home to many business opportunities for both foreign and local investors. Foreign investors can use these opportunities to their advantage by understanding the Singapore business laws and how they can start and expand their business in Singapore.
If you want to start a business in Singapore, there are criteria you must fulfil which you can find out from here what they are. For foreigners, you must especially know that Singapore forbids you from registering on your own if you want to open a business. In addition, you need a bank account in Singapore, which requires you to visit Singapore.
Select the List of Guides about Singapore Business Resources
What is a Singapore Company?
According to the definition by Accounting and Corporate Regulatory Authority of Singapore (“ACRA”), a Singapore company is a business entity that has been registered under the Companies Act, Chapter 50. The most common business entity in Singapore is the private limited company, which usually has the words ‘Pte Ltd’, or ‘Ltd’ as part of its business name. Read more
Why Setup a Company in Singapore
Setting up and starting a company in Singapore is easily done, and this include foreign branch office setups. Everything can even be done online, it really is that simple. There is a reason why it has been consistently ranked time and time again as the easiest place in the world to establish a base of business. Read More
Reasons to Set Up Investment Holding Company in Singapore
Singapore provides countless opportunities for any business type you can think of. No capital gains tax, a low corporate tax rate, a tax exemption on dividend income, double taxation agreements and an efficient foreign tax credit pooling system are just some of the many reasons you should consider setting up an investment holding company in this region. Read more
Foreign Company Re-Domiciliation to Singapore
Foreign companies can now relocate their business headquarters to Singapore instead of setting up subsidiaries, thanks to the Companies Act re-domiciliation policy which came into effect beginning October 11, 2017. Read more
SMEs in Singapore
Small and Medium Enterprises (SMEs) in Singapore are enterprises which have operating receipts of no more than $100mil and employ no more than 200 workers in all sectors. Find out more about Singapore SMEs here. Read more
Offshore Company Setup in Singapore
If you have decided to establish an offshore company in Singapore, this section will serve as a helpful guide on how to go about getting started. Read more
Why Choose Singapore for Foreign Company Relocation
Singapore has always been a prime location because of the higher growth potential and the opportunity for business to thrive. Read about the reasons why you should choose Singapore as your prime business destination. Read more
ACRA: Singapore Registrar of Companies
The Accounting and Corporate Regulatory Authority (ACRA) is the statutory board under the Ministry of Finance of the Singapore Government. ACRA is responsible for regulating all business entities established in Singapore. Read more
Doing Business in Singapore
Doing business in the easiest place in the world certainly has its benefits. Discover the details about what makes Singapore the best place in the world to do business and why Singapore has retained the title for so long. Read more
Business Opportunities in Singapore
A land with opportunities aplenty, Singapore has no shortage of business opportunities for the investor who is willing to dive in and take a chance. Read more
A Comprehensive Guideline for Foreigners to Start a Business in Singapore
Need to guide to help you get started in Singapore? Everything you need to know about launching your business is here. Read more
Singapore Company Register Website – BizFile+
Launched in 2004, BizFile+ speeds up registering a company in Singapore. With a growing number of transactions each year, there has never been an easier time than now to set up a business in Singapore. Read more
Singapore Companies in Free Trade Zones and Freeport
Free Trade Zones are areas in Singapore where companies can import, sell or export goods without customs, excise duties or goods and services tax. Singapore has five free trade zones listed in this section. Read more
A Beginner’s Guide to Everything You Need to Know to Form a Private Limited Company in Singapore
Looking to set up a Private Limited Company in Singapore? In this section, you will find everything that you need on how to get started. Read more
MNC Companies in Singapore
Because of its reputation as the heart of business in Asia, Singapore is the top choice for many multinational companies from all over the world, thanks to the advantages they stand to gain. Read more
Shareholders’ Agreement
A Shareholders’ Agreement refers to a formal agreement done between the shareholders of a private limited company. This formal agreement is used to govern the relationship between the shareholders so as to determine the rights and obligations that need to be adhered to. Read more
Preference Shares for Singapore Company
Preference shares are shares of a company’s stock with dividends that will be paid out to shareholders before the issuance of common stock dividends. Most preference shares come with a fixed dividend, while common stocks usually do not have that fixed dividends. Read more
Does a Singapore Company Need a Company Chop?
A company chop is also known as a rubber stamp, and it is frequently used by many Singaporean-based companies to officially endorse certain types of documentation. A company chop or a stamp would generally include the company’s name.. Read more
Type of Business Structures in Singapore
Making the right choice of business structure is one of the crucial steps when incorporating a company in Singapore. For one, this decision will have an impact on how much you pay in taxes (taxes payable) … Read more
Singapore Company Constitution
The Singapore Company Constitution, previously known as two separate documents, the Memorandum of Association and Articles of Association, is an essential and crucial document that governs the governs the company’s internal management…. Read more
Exempt Private Company in Singapore
The Exempt Private Company (EPC) is one of the popular business structures that offer foreigners a separate legal entity with limited liability for its shareholders and a three-year corporate tax exemption… Read more
Payment Options for E-Commerce Businesses in Singapore
Today’s customer is no stranger to making online payments, as more and more transactions are conducted online. Customers expect a smooth and hassle-free transaction process, and your business needs to be able to provide this if it wants them to keep coming back for more… Read more
Should I Setup Separate Company for Every Business?
If you are running multiple businesses, you have probably (or you might have) wondered what is the best way to structure all these ventures? Should you consider to setup company separately for every different business?… Read more
Why Setup A Singapore Company As An Intermediary Subsidiary
Southeast Asia is fast becoming a high-priority strategic region where economic growth and development is expected to exceed the global average for the next several years. Thus this making Singapore the perfect location for setting up an intermediary subsidiary to hold its foreign subsidiaries. Here’s how…. Read more
How Much Start Up Capital is Needed to Open a Business in Singapore
One of the best things about starting a business in Singapore is very easy and the reasonable minimum share capital payment that is required to get started. The minimum paid-up capital is only SGD$1… Read more
Change Of Ownership Of A Sole-Proprietor Business
A sole-proprietorship operates as an aspect of the owner’s personal identity. The owner is liable for all business debts, and all assets and liabilities are placed in the name of the owner and not in the name of a separate business entity…. Read more
Singapore’s SMEs Go Digital
Back in 2017, the Singapore Budget 2017 revealed the SMEs Go Digital Transformation Programme. The programme was built on the Enhanced iSPRINT foundation, with a more inclusive and structured approach. The purpose of this programme was to help SMEs strengthen their digital capabilities through the use of technology…. Read more
ACRA BizFile
ACRA BizFile is the Singapore’s Accounting and Corporate Regulatory Authority (ACRA)’s online information retrieval and filing system. With this system, the public can access a range of services from submitting statutory documentation, to retrieving and purchasing information about business entities which are registered with ACRA. Read more
How to Use PayNow in Singapore
PayNow allows you to split the bill effortlessly without taking out your wallet or make corporate payments. This guide provides information on how to use PayNow in Singapore. This system allows users of nine banks to transfer cash in SGD to anyone else who has an account with one of these 9 participating banks. Read more
How Singapore Bank Keeps Your Deposits Safe and Sound
Depositing money in banks is a way to secure funds and save it for a rainy day, but is it genuinely safe with online threats lurking everywhere? It is a common sense that is passed around that saving up money is best done with banks. Banks are the oldest financial institutions people use to keep the money. It is always thought as the safest place to retain our most precious. Read more
Auditors in Singapore
These auditors are responsible for a business’s audit opinion. They must ensure that audits are carried out per the Singapore Standards on Auditing (SSA) guidelines and requirements. ACRA will inspects all audits performed by auditors in Singapore. This is to ensure compliance with the SSA requirements. The SSA in is the equivalent of the internationally recognised International Auditing Standards. Read more
Importance of a Founder’s Agreement
What is more thrilling than commencing a business that you and your friends or investors are passionate about? Well, what about a founder’s agreement? It is a document that provides a safety net for all of the founders. The agreement will usually consist of a percentage of shares, voting rights, rights to intellectual property, vesting schedule and conditions of entry or exit of the business. Read more
Bankruptcy Individual or Corporate Insolvency Search in Singapore
Bankruptcy searches are done by individuals. When a bankruptcy search is carried out in Singapore, it is usually done by any individual who wants to determine if they are otherwise bankrupt or not. The Singapore High Court considers any individual unable to repay more than $15,000 in debt bankrupt. Read more
Trademark Registration Guidelines in Singapore
How hard can it be to register a trademark that you have carefully thought through with or without your business partners? Getting a business off the ground is hard and coming up with a unique mark is difficult too if you are contending on similar grounds. But when you do have a trademark, it is as easy as pie to get it registered. The following are trademark registration guidelines in Singapore. Read more
Go Business Licensing
Go Business Licensing is a one-stop portal for businesses in Singapore, empowering them to apply for their licenses rapidly and effectively. In the event that your business needs numerous license applications, then this portal is going to make things significantly simpler for you. The Go Business portal makes multiple license application easy and simplifies the payment process. Read more
Singapore Company Formation With Employment Pass
Foreign individuals can incorporate a company and move to Singapore as long as the following steps are followed. It should be noted that Singapore Company Formation and getting an employment pass can be handled without requiring the physical presence of applicants in Singapore. Contact us and we can assist you with the Singapore Company Formation process. Read more
Business Name Alert Service
If you’ve got your sights set on a particular business name (or a few business names), you’ll need to know when it opens up. That is the thing that the Business Name Alert Service is for. You get to keep track of brand names, registered trademarks and business names that have been registered with the Accounting and Corporate Regulatory Authority (ACRA). Read more
A Guide to Singapore Company Liquidation or Winding Up
If you are preparing the handle a Singapore company liquidation or winding up, then this guide is for you. Read more
Advantages of a Singapore Company
Thinking about doing business in the easiest place in the world? Here is a look at the advantages of a Singapore company and why you should consider incorporating one. Read more
Singapore Office Premise Leasing Guide
So, you have finally chosen Singapore as your business base. What should you do next? Find office space, of course! Before you start Googling the optimal choices, let’s take a seat back and think things through, shall we? Read more
Business Ideas in Singapore
Live your entrepreneurial dreams with 3E Accounting’s pocket guide to trending business ideas in Singapore. Read more
Writing a Business Plan in Singapore
Call it conventional, but a business plan is a must-do for any business owner. It usually starts at the beginning of your business. Read more
Business Licenses and Permits Requirements in Singapore
A quick guide on business licenses and permits requirements in Singapore from 3E Accounting, the industry experts with customizable solutions. Read more
Singapore Exchange Limited (SGX)
3E Accounting offers a quick read about the trending Singapore Exchange Limited (SGX). The Singapore Exchange Limited (SGX) is a dynamic, full-service entity that operates on many tiers. Read more
Singapore – Your Global Outsourcing Hub of Choice
In recent months, we have seen an acceleration in trend towards remote working due to social distancing measures by many countries, and as an extension, outsourcing of business functions. Read more
Islamic Religious Council of Singapore (MUIS)
Established in 1968, the Islamic Religious Council of Singapore (MUIS, Majlis Ugama Islam Singapura) is the statutory board for the Ministry of Culture, Community and Youth in the country. Read more
Singapore Startup
It is undeniable that breaking into a highly competitive business scene like Singapore is tough. But if you have a great business idea, what’s to say it won’t make it big? Read more
Import and Export Regulation and Process in Singapore
Before trading in Singapore, it helps to have a thorough understanding of the import and export regulation and process in Singapore. Read more
Singapore Companies Act
Among the nations in the business world, Singapore is known for its ease of doing business. According to the Ease of Doing Business Index, Singapore is a favourite spot to set up a company there. Read more
How to Get Business Localisation in Singapore Right
When it comes to expanding into global markets, a key buzzword is localisation. It is an essential element of any business strategy, helping seamless market penetration and increasing awareness of your business. Any savvy entrepreneur will undoubtedly want that competitive edge, and business localisation in Singapore is one way to do it. Read more
What Business to Start in Singapore
Start-ups and the entrepreneurial mindset maintain the lead when it comes to Singapore’s world of commerce. It continues to be every entrepreneur’s hope to start a business and turn it into the next unicorn. Read More
Choosing the Right Business Types:
When opening business in Singapore, four types of business vehicle are available. A Private Limited Company is the most popular type of business vehicle for most businesses.
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Company Setup
Your complete guide to registering and setting up a company in Singapore, including the company setup requirements, incorporation timeline and company formation procedures. Read more
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Partnership
A legal relationship between two or more persons with the objective of carrying on a business and making a profit, learn about what it takes to establish and run a business partnership entity. Read more
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Limited Partnership
Discover the features that contribute to a Limited Partnership agreement and determine if this is the right choice for you. Read more
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Limited Liability Partnership
An LLP involves two or more partners incorporating a partnership that will shield co-partners from liabilities due to wilful misconduct or gross negligence. Read more
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Sole-Proprietorship
A comprehensive guide to starting a sole-proprietorship business in Singapore and how to get started. Read more
Setting up a Business in Singapore
This process to setting up a business in Singapore may seem complicated at first, but not with the help of our professionals in 3E Accounting. You can ask for the assistance of our company in setting up a business in Singapore. Our team of experts understand how the entire process goes, and knows what exactly you will need for a successful and smooth company opening.
Contact our company today to get assistance from us. With us being your Guide to Setup Singapore Business, you will never have to face any hassle in this process.
