If you are looking to start a business in Singapore, it is important to consider hiring a cheap Singapore company incorporation. Incorporators are not lawyers, so they will not provide legal advice. However, they are capable of providing you with all the necessary paperwork to register your company in Singapore. Here are three things you should consider when choosing an incorporator for your business.
How to find a company incorporator
Before you can start your business in Singapore, you will need to hire an incorporator. According to Minister for Home Affairs K Shanmugam, who is also the country’s minister for law, Singapore is the first country in the world to allow 100% foreign ownership of companies incorporated in the country. To register a company, you will need to hire a company incorporator. The law in Singapore does not allow you to register a company with just anyone in the country. The best option you can use is to hire an attorney to assist you with the incorporation process. You will want to check the incorporator’s website for any registration numbers. These numbers can be found on the board by scanning through the application form.
Consider how much you need to spend
It is natural to worry about the amount of money required to pay an incorporator, especially if you are a new business owner. You should not panic, though. Incorporating is not as expensive as it may seem. If you are a startup or an individual entrepreneur, you need not spend more than S$10,000. If you are part of a group with more than one entrepreneur, the fees might be more expensive than the sum you estimated. However, your business can only benefit from company incorporation if you do not ask too much from your incorporator. This is because every single little thing you tell the incorporator or submit to him will be legally binding. For instance, you will need to submit your business’s business plan or financial statements and obtain his or her confirmation for them.
Consider the level of support offered
It is always best to hire company incorporation with the manpower and resources to support you throughout the registration process. You will have to submit several documents and enlist the assistance of several professionals during the process. For instance, you will need to enlist the assistance of a notary and counsel to certify your company is legally viable. The attorney or notary will need to see the documents you have submitted and verify them before they are filed with the Registry. Review the staff structure The incorporation agency should offer a staff that can take your company from legal registration to launch. This is because you will be required to renew your company documents regularly.
Choose a company that is open and transparent
It is a good idea to choose a company incorporator that is open and transparent. Since your company is a small startup, try to find a cheap Singapore company incorporation in order to make sure that everything is open and transparent to the public. Therefore, make sure that the company is also covered by corporate finance or corporate secret society. Choose a company that is not controversial. It is a good idea to choose a company that is not controversial. It is not a good idea to choose a company that has a history of lawsuits. The reasons are quite simple. If your company has any past incidents, they will affect its reputation, affecting its chances of getting any business. To avoid a company that has a history of lawsuits or has sued another company in the past.
Once you have decided to incorporate a business in Singapore, you should choose a reputable and cheap Singapore company incorporation!