How to Start a Business in Singapore?

Singapore is recognized as one of the fastest growing economy countries in the world. If you are planning to company registration in Singapore then, this blog will help you.

 Let's start the journey!

Why Singapore is the best place to start a business?

The reason why Singapore is considered as one of the best place to start a business is discussed below:

1. Singapore is ranked as the third wealthiest nation in the World.
2. Being a high-tech, innovative country, Singapore offers benefits to entrepreneurs and global investors to start a business.
3. Singapore allows the business owners to raise initial start-up capital from any source and to apply for permanent residence in just two years.
4. Singapore is considered as the most globalized country.

Benefits of Starting a business in Singapore 

There are numerous benefits of starting a business in Singapore and a list of the benefits are listed below. 

1. Singapore is situated in the heart of South-East Asia, so entrepreneurs can easily venture into other Asia countries.
2. In comparison to other countries, it usually takes very less time to incorporate a company in Singapore.
3. Singapore offers one of the most efficient corporate and personal tax regimes in the world
4. In Singapore, Profits earned in another country are exempted from taxation.
5. Dividends and capital gains are exempted from taxation in Singapore.
6. There are no provisions of property/death/inheritance taxes in Singapore

Start a Business in Singapore

Simple steps to Start business in Singapore

Steps how to start a business in Singapore are discussed below:

1. Determination of Business Structure - In the first step, you have to determine the business structure. The best option to choose a business structure for a new company in Singapore would be a Private limited company as a Private company limits the owner's liability to the company's assets.
2. Choose a business name - After determination of appropriate business structure, you have to choose a business name.
3. Obtain Business License - If you are planning to start a new business in Singapore then it is mandatory for you to obtain an appropriate business license.
4. Register your business - In the last step, you have to register your business. When everything is ready you can register your business. A number of guidelines are required to be followed while registering your business. While applying for registration, you may face some problems and doubts with regard to the submission of documents and following the registration procedures. We have experts to help you in the matter of company registration, so we suggest to avoid any difficulty in respect of company registration kindly contact us. After successful registration, you can start your business. 

Conclusion:

Singapore is one of the investments hotspots in Asia where you can easily start your business. Enterslice provides the best service in matter of starting a business in Singapore. If you are planning to start a business in Singapore then kindly contact Enterslice and any of its consultant.