How easy is it to setup a business in Singapore?

Modern entrepreneurs prefer Singapore to register and set up their companies. The reason is simple. The process of registration is simple and can be called easiest across the world. You do not have to spend weeks visiting government offices again and again with tons of documents to get your company registered in Singapore.

You can get the registration done within a single day here. You just need the documents required by the ACRA. The best part is you can hire a company registration service provider from Singapore and they would take care of everything. They would register on your behalf and will take care of all the documentation work for you. You are just required to submit your id and address proof. Identity proofs of other board members and shareholders are also required.

One of the things that make the registration process so easy is the fact that it’s a completely online system. The capital requirements are also relatively modest. You can start the company with $1 Capital.

Singapore has pragmatic policies by which you can visit here and start your business right now without any legal obligations to obtain a specific visa. Of course, if you want to work for your company in Singapore on a long term basis, then you will need to obtain the employment pass.

Another important factor that makes starting a business easy in Singapore is that you can connect globally from here. You can do business in any part of the world easily. The policies regarding fund transfers, capital introduction, capital gain taxes are very attractive to you.

This all proves that starting and setting up a business in Singapore is very easy and beneficial.