Singapore is now the land of new business opportunities. The corruption-free sunny island on the Asia Pacific is strategically located at the center of all the major trading routes culminating to form a massive business zone with a plethora of opportunities for the foreign investors. The business-friendly government has created a perfect model for welcoming foreign entrepreneurs to establish their companies in Singapore. The law is also drafted in favor of both the national and international entrepreneurs.
Singapore Company Registration Services
We’re here to provide the best business solutions to foreigners who are looking ahead to starting their business in Singapore. Starting from the registration process to the company incorporation process, our expert advisors are always happy to help. If you’re a foreigner and wondering to establish a company in our land- we are here to stand by your side throughout the procedure.
Here, we’ve shared our views on incorporating companies with the hope that Foreigners can be benefited from the pointers shared in the given—
Enhance the reliability of your business
Adding and Inc. or Corp after the name of your business conveys stability, permanence, and shows the success of your ongoing business. It also enhances the credibility of your business. Customers, clients and investors consider the incorporated businesses to be more stable and dependable than the unincorporated companies.
For the protection of your intelligent properties and personal assets
Incorporated company owners feel safe as this process helps in protecting the assets owned by the company. A registered corporation can have their own properties, have own liabilities, can be responsible for the own credits in the markets. The creditors, on the other hand, can only demand the payback from the company’s assets not from the personal assets of the owner, shareholders, directors etc. Whereas, the sole proprietorship and partnership businesses have to take the complete liability of both the assets of the business and of their personal assets.
Incorporated companies enjoy several tax savings benefits that are simply impossible for other business structures. It mainly happens for the legal entity the corporation owns and they can save taxes on several transactions between themselves and the corporation.
Like other places, your corporate business will enjoy the freedom of maintaining privacy and confidentiality of the business affairs. If you want to start a business anonymously, then opting for incorporating the company is the best way to maintain it.
These are some reasons why you should register company in Singapore.