Corporate Consultants Help You Start Your Singapore Company

Singapore has been attracting investment from around the globe. The country has earned a name for itself as one of the best business destinations in the world. A stable economy and a non-corrupt government make it easy for businesses to thrive in Singapore. The strategic location of the country also helps businesses to develop their activities in the region. From Singapore, they can spread their activities to the countries in the neighborhood due to excellent connectivity. Apart from all these, there are agents in Singapore who play a major role in helping those wondering how to register a company in Singapore. 

Registering A Foreign Company In Singapore

Singapore allows foreigners to completely own a company here. This attracts many corporates from different parts to start their operations here. The procedure for registering a company in Singapore is very simple. However, for those who don't know the procedures, it can be overwhelming. Different types of companies can be registered in Singapore and each has its merits. A consultant can help you know the benefits of each type. They will also help in starting a company in Singapore as an expert. 

Taking Care Of Incorporation Requirements

Whether you are a foreigner or a local investor, registering a company in Singapore demands that you fulfill a few conditions. Everyone including those starting a small business in Singapore must abide by these rules. The ACRA mandates that every incorporated company must have a resident director, a registered office and a company secretary. The resident director and the registered office address must be ready before incorporation. The company secretary must be appointed within six months from the incorporation of the company.

Many may find it difficult to fulfill these conditions. The business consultants in Singapore will help in the appointment of these persons. The consultants provide nominee director services for those who cannot appoint their resident director. They also provide a registered office address until the company finds a suitable place for their office. The corporate secretarial services help fulfill the need for a company secretary.

Complete Your Accounting Work In The Proper Manner

Maintenance of accounts in the proper manner is very essential for all companies. It is not just a matter of compliance, but also useful for the running of the company. But the small and medium companies cannot afford to appoint highly qualified accountants who can do the job in the perfect manner. The accountants in the small firms have their hands full with daily jobs like preparation of invoices and vouchers. Such companies can benefit from the services offered by accounting firms in Singapore.

When you maintain proper accounts there is no fear of any violation of the guidelines laid down by the ACRA. You have the records up-to-date at any time and can submit the same. When the job is done by experts you don't have to worry about differences between your account and the bank account. They will do the reconciliation for you. They will also ensure that your books are maintained perfectly and no entry is left out. This will help you greatly at the year-end when submitting your returns. Handing over your accounting work to accounting companies in Singapore will help you function smoothly.

Generate Useful Reports And Statements

The main advantage apart from maintaining proper accounts, is that you can get a lot of reports and statements generated when the accounting is done by experts. The top accounting firms in Singapore will generate reports from your records that will provide you with valuable information regarding your company’s financial status. They also generate statements that you need for submission to the ACRA.

Small and medium businesses can benefit a lot from handing over many tasks to the corporate consultants in Singapore.