Simplified Guide to Registering a Company in Singapore

Singapore is an ideal place for starting a business, known for its strategic location, robust economy, and pro-business environment. Here’s a guide to simplify the registration process:

Why Singapore?
Singapore’s pro-business policies, strategic location, and low tax rates make it a prime choice for entrepreneurs. Its top rankings in global business indices highlight its transparency and efficiency.

Steps to Register a Company
Select a Company Name: Ensure uniqueness and compliance with ACRA regulations.
Prepare Documentation: Gather the company’s constitution, details of directors, shareholders, company secretary, and registered address.
Online Registration: Use ACRA’s BizFile+ portal for document submission and fee payment.
Appoint Key Personnel: At least one Singapore resident director is required. Also, appoint a company secretary within six months and an auditor within three months unless exempted.
Capital Requirements: The minimum paid-up capital is SGD 1.
Licenses: Apply for necessary business licenses depending on your activities.
Benefits of Using Professional Services
Engaging a professional service like Lanturn https://www.lanturn.com/ can ease the process. Lanturn offers comprehensive support, from name reservation to document preparation, ensuring compliance and efficiency.

Why Choose Lanturn?
Expert Guidance: Personalized advice tailored to your business needs.
Efficiency: Handling all paperwork and compliance, saving time and effort.
Ongoing Support: Continued assistance with accounting, tax, and compliance services post-registration.
Conclusion
Starting a business in Singapore is a strategic decision for leveraging the country’s business-friendly environment. By following these steps and utilizing services like Lanturn, you can ensure a smooth and efficient registration process. Visit their website to begin your business journey in Singapore.