Sunday, 15 February 2015

Why you may want to have a corporate secertary for your business

Corporate secretaries are business's best friends. When you operate a business you will probably require a lot of resolutions passed for your business , especially if you have partners, this is something common for business to have and quarrels. The corporate secretary can be someone in the middle to mediate things and settle for the company some complex issues.

The corporate secretary is also someone who is able to support the company through all the filings and also giving advice to the company directors and shareholders to make the best options and also the best timings for filing of your various items and also to have the items filed in the best time frame so that you do not miss out and get fines

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Thursday, 12 February 2015

What to look out for when you set up a singapore business

When you are setting up a singapore business there are a few things that you need to take note of so that you do not get into big trouble when you are into the business and things are too late to be changed or adjusted.

When you are setting up always make sure that whoever is the director is able to handle the work and will not give trouble when it is time to sign documents. You will have some problems if the accounts are not sign off by the directors and in that situation incur cost that will keep the company in trouble.

Shareholders are also a very big portion of the business, always make sure that the shareholders have limited control of management if they only pay for the business.

Setting up business is tough, work hard, good luck

How to set up a company in Singapore

Are you keen on setting up a business in Singapore

Singapore is very popular for start ups now especially so if you are coming from a technological background. Tech companies are very popular here because there are many educated persons with very strong tech backgrounds that you can take advantage of.

The government is also very keen on improving productivity and reducing the need of more foreigner workers and will therefore strongly support start ups that are able to achieve their goals of reducing reliance on manpower.

You need to have a local director if you require a Singapore company to be set up. Nominee directors can be appointed for a fee if you need it and that will allow you to operate without having to find someone you might know but instead pay someone to stand in the position but have no actual power to make decisions for your business.

You will also be required to figure out what is the shareholding now and how you want to structure the company in terms of the shareholding and this will allow the company to have the shares held by those who commit the most to the company. As the shareholders are the rightful owners of the company, the shareholders can get rid of the directors if they do not perform and this they must be aware.

Sunday, 25 January 2015

What are the things to watch out for when running a Singapore business

What are the things to watch out for when running a Singapore business

Singapore is top ranked for ease of doing business and also the best place to be for a expatriate. Singapore is also ranked as one of the most start up friendly place. So what are the things that we think you should watch out for when you are setting up a Singapore business.

Singapore has a very limited human resource pool. The only resource it has is the human resource and thus this item is in limited supply. Singaporeans are needed as quota before you could employ foreign workers and nowadays the government is making it a must to choose Singaporeans first before you could consider employing a foreigner to take that space. Finding staff in Singapore is tough as there are expectations of a certain level of salary and also job scope. This is something every business person will need to pay attention to when they set up business in Singapore. One would not expect to find cheap labour here. The wages are comparable to those in the United States.

Singapore is also a place where there are many rules and regulations, some industries such as those food related are very strictly regulated. Always ensure that you have a set of licenses before you carry out the business. Fines can be sky high and that would be something a businessmen would want to avoid so that you do not go into debt before your business even commence. Rules such as operating hours, the volume of ones operation and even the weight limits are also very strictly followed. Inspectors from various agencies will frequent the place so one should always watch out for any items that are against the rules and set them right before going ahead.

Singapore is also a very law abiding society, so when it comes to business dealings, always remember that you should never deal in under table trading. Dealing with government officials are required to be all above board and attempting to bribe an official in Singapore can have a very big sentence over your head. Even when it comes to commercial dealings, one should also keep away from even attempting to bribe or under table deal any business with others. 

Find out how to Singapore Company Registration Services today

What are the things to watch out for when running a Singapore business

Saturday, 24 January 2015

How do you start a company in Singapore

Singapore is one of the best places to start a business. Ranked top for a few years for the ease of starting up and doing business, Singapore is blessed with a strong government that is able to deliver high quality services to their people and also making sure that the red tape to get anything done is quickly cleared up so that business can be carried out in a very fast and efficient way.

Setting up a company through a singapore incorporation services firm, can be done within a day. Most people can fly in within the day, open up the company, open a bank account and fly back to their home country within the day. That's the efficiency of the system being in place and making sure that things are done with the fastest speeds. This would also mean that you can be start business and start operating within the span of a few hours.

There are a few things to watch out for when you want to incorporate a company in Singapore. Before you start, you will need to inform the company of the name of the company that you will be using. This would help them to reserve the name that you require this would also allow them to advise you of any changes if necessary. This would allow them to speed up the process of incorporation the company without any delay.

You will also have to decide who is the director of the company. There is a requirement that one of the directors MUST be a Singapore and the rest can be foreigners. Some companies do provide nominee directors and this would allow you to pay for a local director to fulfill the requirements.

You will also need to provide the details of your shareholders and the shareholding of the company. This would be advised by the company doing the incorporation on what needs to be taken care of and you should also be able to find out more about how shareholders have the power to make certain decisions and call for annual general meetings.

You will also have to advise on the business activity that you will be taking part in so that the company can find out what are the things to watch out for, for example the requirements of licenses and also where to go ahead and apply licenses and also maybe there are restrictions on employment and requiring special arrangements to go on.

Incorporating and starting a business is something that is very different and something exciting. You should find out more before you go ahead and make that leap.