For many reasons, Singapore is considered to be the best nation to do business in. Its very open and free economy for global trade is one of those reasons. ACRA, or the Accounting and Corporate Regulatory Authority of Singapore, is assisting in making it all happen. The Singaporean governing body acts as the regulator of business entities and public accountants, facilitating the registration of businesses in the nation.
While it is comparatively easy to establish a business in the country, there are still certain rules mandated by ACRA to be followed. Residents and foreigners are all required to submit to the requirements ACRA has imposed.
People who are interested to begin their company in Singapore get to register their business in one of the fastest and simplest company registration processes in the world. Entrepreneurs need not worry about the legitimacy of the business industry, though. Although the procedure looks convenient and uncomplicated, ACRA applies strict rules and guidelines for the benefit of both the government and the companies.
The procedure begins by getting a business name. The proposed name should not be undesirable, identical to another present business, or has a name or trademark similar to other established names in order for ACRA to allow it. Unless the regulatory authority finds any objections to the proposal or the name requires referral to be an authorizing agency, the name can be approved in a few hours.
The next step is to submit documents for registration. If all the files have been completed and signed by the company's directors and shareholders, the step can be accomplished within the same day. Logistics can hold up the process, though, if the registrant is living outside the country.
ACRA's function does not stop in company registration. Even after the business has successfully finished the registration, it is still subject to yearly regulatory activities to ascertain that it is a trusty business worthy of operating in the country.
Building a business in Singapore is an equal opportunity given to all business owners, whether they are citizens or foreign nationals. The country achieves a strong and stable economy, in part because of how ACRA makes it simple for companies to conduct their business here.
While it is comparatively easy to establish a business in the country, there are still certain rules mandated by ACRA to be followed. Residents and foreigners are all required to submit to the requirements ACRA has imposed.
People who are interested to begin their company in Singapore get to register their business in one of the fastest and simplest company registration processes in the world. Entrepreneurs need not worry about the legitimacy of the business industry, though. Although the procedure looks convenient and uncomplicated, ACRA applies strict rules and guidelines for the benefit of both the government and the companies.
The procedure begins by getting a business name. The proposed name should not be undesirable, identical to another present business, or has a name or trademark similar to other established names in order for ACRA to allow it. Unless the regulatory authority finds any objections to the proposal or the name requires referral to be an authorizing agency, the name can be approved in a few hours.
The next step is to submit documents for registration. If all the files have been completed and signed by the company's directors and shareholders, the step can be accomplished within the same day. Logistics can hold up the process, though, if the registrant is living outside the country.
ACRA's function does not stop in company registration. Even after the business has successfully finished the registration, it is still subject to yearly regulatory activities to ascertain that it is a trusty business worthy of operating in the country.
Building a business in Singapore is an equal opportunity given to all business owners, whether they are citizens or foreign nationals. The country achieves a strong and stable economy, in part because of how ACRA makes it simple for companies to conduct their business here.
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Registration of company in Singapore is fast, easy, and hassle-free. Start the process now with ACRA.. Unique version for reprint here: Registering A Company In Singapore Through ACRA.
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