Have a great business idea? Want to start a company in the Asia Pacific region? Welcome to Singapore, where endless opportunities await entrepreneurs and investors. The government of the country offers incredible assistance for foreign investors, and starting a business here is easier than ever. The company incorporation process is fairly simple and aptly automated, and it takes just a few days to complete the entire procedure. Here are the steps at a glance.
- The first step to getting your business registered, and for that, you can contact our team. VentureHaven is one of the few companies that offers support for new businesses at every step, and we can help with the first few aspects that need immediate attention.
- Next, you will get a Unique Entity Number (UEN), which is auto-generated and will be used for identifying your company. The UEN is important for applying and working with various other government bodies, such as the IRAS.
- After registration, you will get a congratulatory letter from ACRA, which will be also sent to other directors. The letter to each director will also contain a number of additional details, including their roles and responsibilities in the matters of the business. The letter will also offer notes on ACRA compliance requirements, which must be met in the future.
- You will also receive a letter from IRAS, which will offer some access codes that can be used for finding more details about your business pertaining to the tax matters. The “EASY” access codes are a part of the electronic services authorization system that has been implemented by the government. When it comes to e-filing of the tax, you have to use the UEN number of the company, and the password will be mentioned in the letter sent by the IRAS. The password must be changed within two months from the date mentioned in the IRAS letter.
VentureHaven intends to help business owners, investors, and entrepreneurs in starting a new company in Singapore. We will take care of all the procedural formalities, and our team will be happy to help with your tax and accounting needs, as well. We are also one of the few companies that deal in business consultation services, and we have packages to meet the needs of different clients. Our clients can check our website to know more, and we are available for further meetings on the weeks. Find out more on our take on company incorporation here! Or call us for more now!