21st Century Business – Set Up a Data Centre in Singapore
It’s time to data crunch with 3E Accounting’s handy guide on how to set up a data centre in Singapore.
Singapore may be a small nation country, but its position as a global data centre hub makes it a force to be reckoned with. International giants such as Amazon and Google have facilities in Singapore to host their content and services. A world-class infrastructure, low taxes and dedicated support from its government have positioned Singapore as a forerunner in this arena. Set up a data centre in Singapore today, and get in on the action of this multi-billion-dollar industry.
In the Business of Data Sharing
Singapore’s concern over excess carbon footprints has seen a temporary suspension in the set up of new data centres. However, with the surge of e-commerce due to the global pandemic, this may soon change. Singapore has ample capacity as well as demand. Along with the advent of green data centres, it is highly likely that new approvals will be given soon.
Data centres are the nexus of our current technological evolution. They support everything that is a part of most business activities, such as emails, virtual desktops, CRMs (customer relationship management), etc.
Data centres are like a network of physical storage containers. They hold all your essential applications and data, which can be shared with end-users. Actual data centres need a vast infrastructure that house hardware and software such as uninterruptible power supplies, cooling systems, etc.
Types of Data Centres Include:
- Enterprise DCs – set up and managed in-house for a company’s end-users; infrastructure and systems are owned by the corporation.
- Managed Services DCs – set up in-house but managed by a third-party; corporations usually lease the infrastructure and systems.
- Colocation DCs – off-site set up and management; corporations simply rent space within DC.
- Cloud DCs – off-site, hosted by public cloud providers.
To set up a data centre in Singapore from scratch, you will need serious capital investment. You will also need a series of government approvals, which may not be readily available. An alternative is to look at companies already operating data centres in Singapore and decide which one is suitable for you. Whichever option you choose, you will still need to incorporate and register your company.
Starting any business in Singapore is a straight-forward affair. It usually takes only a couple of days, providing all your documentation is in order. The Accounting and Corporate Regulatory Authority (ACRA) of Singapore handle company formation, and legal structures include:
- Sole Proprietorship
- Limited Partnership (LP)
- Limited Liability Partnership (LLP)
- Local Private Company & Local Public Company
We provide detailed information on each company type and its requirements. After your company is registered, you will need to apply for a corporate bank account and register for taxes. Usually, Singaporean businesses do not need licenses or permits to operate. However, there are exceptions to this general rule, and data centres are stringently regulated.
A Professional Alliance
To avoid any unnecessary complications, it’s best to engage professional consultants familiar with compliance requirements, such as 3E Accounting. Whatever solutions your business start-up may need, 3E Accounting offers custom-made professional services. Set up a data centre in Singapore seamlessly with the right partners.
Contact 3E Accounting today to find out more on available business solutions.