Open company in Singapore is an attractive proposition thanks to the country’s high-performing economy, openness to international capital and technology, support for private equity and venture capital, and lucrative tax incentives. These factors have made Singapore one of the world’s fastest-growing business centers and a hub for innovation.
Incorporating a company in Singapore is straightforward and quick, with low startup costs and minimal paperwork. All companies must register with the government agency ACRA, but it is possible to form a new company without a local address, as long as one of the company directors legally resides in the city-state.
After registration, companies receive a Certificate of Incorporation from ACRA that includes a unique Business Profile (Bizfile). Depending on the type of business being conducted, the company may need to apply for business licenses and open a corporate bank account.
Most banks require the signatories and directors of a company to be physically present in Singapore for signing documents, but there are some that allow signatures by mail or at a notary public. Using a service provider that provides expert assistance with opening a corporate bank account can help speed up the process.
The experts at Osome can provide personalized assistance with the opening of a corporate bank account, as well as other aspects of setting up a company in Singapore. They are committed to helping their clients succeed by offering tailored services and providing a free evaluation of their case. They work with a variety of professional partners, including lawyers, to ensure that their clients get answers to all of their questions. open company in Singapore