Registration of the company in Singapore: in the modern era of industrialization, where many people want to quit their jobs and want to start their business since they have the experience in doing business and have an idea of how to work to make the company profitable. It is true that in independent work you can grow more and learn more, since you must maintain the entire company and, in doing so, you can have the idea of how to start a company. Setting up a company in Singapore begins with the registration of the company name. When you submit your names to the consultant who registers your company it is better to submit a few additional names.
If you ask a person what is important for a company to succeed in the market and he can say that the execution and team of the company and there are many people who do not understand this, a professional team is required for the business.
As there are many people who have great ideas and excellent execution skills but do not know how to make your company register with the officials and some of the people say what would happen if they do not register their company with the officials since they are not. Do something illegal, but many people do not know that it is illegal and cannot do business without registering their business.
How can the registration of my company make me profitable?
•Image of the company: all the companies in the world work very hard so that their image in the eyes of the customer is always good since when the customer trusts their product they can invest more in you and you can have profitable businesses as the example that people buy Nike shoes more frequently in the fact that Nike shoes are very expensive because people trust them, but if there were any cases, government officials discovered that you are working without registering your company, you have to face the consequences and that could reduce your image and your customers would abandon you.
• Penalties: there may be a possibility that you will obtain large profits, but if your company is not registered and government officials find out about this, they would impose a considerable fine and, because of this, all the profits you would get would go away. the penalty and that is why everyone should make sure to register their company with the government so as not to have to face these situations again. It is no use that you have worked hard and have earned money since everything would be supporting the fine imposed, but if you are registered with the government, you can do your business in harmony and you do not have to worry about the officials and you can work in peace, which will eventually make your work successful.
•Clients: there are many clients and clients who always choose the companies that have registered in the government data so that, in case of fraud, they can get help from the government. There are many clients who do not work with companies that do not have the proper registration, as we can see in this world, many frauds are happening and no client wants to obtain the loss. No matter how true you are if you don’t have the right record, people would have the same problem.
The requirement of Papers and Information
To register a company; the Company Registrar will ask for documents and information:-
- Name of the company registered in ACRA (The Accounting and Corporate Regulatory Authority).
- Foreign companies must submit the Association Article and the Association Memorandum.
- Details of the directors.
- Registered office and copy of passport for foreign businessmen.
- Details of the company secretary.
- Brief description of commercial activities.
- Shareholder details.
- Singapore residents must give their identity cards.
Company Secretary Singapore
There are many companies that want a person who can manage all the legalities of your company related to finances and if you want to have a company secretary in Singapore, contact us so you can have a company secretary. You can search our website and you can schedule a meeting with us so you can know what kind of work we do and we are one of the best companies in the industry that is made up of the qualified and experienced person who has experience in the same industry.