Ease the Process of Your Singapore Company Registration

The process of business registration can be done much faster and easier when handled through a third party corporation. It provides incorporation services for both domestic and foreign Singaporean companies through a very simple process that can take only a few hours to complete. In addition to company registration, Bizcorp conveniently provides newly incorporated companies with all other necessary requirements related to business registration in Singapore according to the Companies Act under Section 171 under one package.

Nominee Director Services
In order to setup a private limited company in Singapore, a company needs to nominate at least one local director who is:

•A Singapore citizen, permanent resident or dependent/employment pass holder.
If a business owner has difficulty appointing a suitable nominee director, Bizcorp will act on the company’s behalf in this capacity. The total fee for nominee director services is $4800.00. This includes a refundable $2400.00 security deposit upon termination of services.

Comprehensive Corporate Secretarial Services
In order for companies to meet filing compliance, Bizcorp can also act as a company’s corporate secretary. Corporate secretarial services include general corporate advising to business clients on Singapore Company Act requirements, and also involves:

•Minute book and registers updates
•Annual returns submission
•Secretarial filing; monitoring filing deadlines
•Liquidation and striking off company

Corporate secretarial services fees are per annum and depend on the size of the corporation, transaction volume, the complexity of its structure and whether or not it is a foreign or domestic entity. The following price tier reflects these factors:

•$ 480 – For small, simple structured or newly incorporated companies.
•$ 600 – For companies with a higher transaction and activity volume.
•$ 720 – For large corporations, complex or foreign owned companies.

The Benefits of Company Incorporation in Singapore
The benefits of company incorporation in Singapore allows businesses to reduce personal and company liabilities while protecting personal assets. There is also an exemption of audit requirement for companies with a turnover of less than $5 million or for those who are privately exempt. Other benefits include:

•Less than 9% effective tax rate.
•New companies can receive partial tax exemption up to first $300,000 of taxable profit or full tax exemption for first $100K taxable profit.
•Have easier access to assets through the bank loans and the sale of shares to investors.

Incorporation time ranges varies depending on approval. Further details about company registration in Singapore can be found at http://www.bizcorp.com.sg.

Reading recommendation: What Singapore Can Teach Us About Business Development