Foreign investors and entrepreneurs often count Singapore among the best countries for business investments. Singapore has entered into “Avoidance of Double Taxation Agreements” with over 70 countries, which offers great profit opportunities to offshore companies and enterprises. Almost all of industrial sectors are thriving and booming currently, and investors have the choice of selecting sectors and ventures as required. Here are 5 steps for starting a venture here.
Register the company
To start a company in Singapore, your company must be registered with Accounting and Corporate Regulatory Authority (ACRA). The company registration process is fairly simple, but if you don’t want to deal with the financial matters and complications related to the paperwork, we can do it for you. VentureHaven is one of the most reputed firms for business consultancy and bookkeeping in Singapore, and we offer all sorts of assistance for our clients. We have readymade packages, which can be handy for getting effective services for a pre-decided price.
Find more about permits
While registration is the first step for starting a company, you must also get the necessary licenses and permissions, which might pertain to your industry. The licenses can be applied online, but if you need further help, you can contact us. The Singapore government has taken enough steps to simplify the process of company incorporation, and we are here to make things simpler for you.
Set your office
Setting up your office in Singapore is easy. You will find a number of business parks that are ideal for small businesses and startups. If you have a small company, you can share the space with others, as well. Finding an office space is just a matter of few clicks, at least in Singapore, but you should consider the budget and compare the options accordingly.
Find your employees
Take the help of “Workforce Development Agency” to find talent for your business. In case you can secure valid work pass as required, you can even hire professionals from other parts of the globe. Please take your time to read the Employment Act and Singapore Companies Act in detail, and make sure to take notes related to recent amendments.
Maintain accounts and file your taxes
With so many advantages and tax benefits, the government of Singapore expects businesses to pay their taxes on time. If you need assistance with that, contact VentureHaven for further help.
We are available on weekdays for all consultancy requirements.