3. One of the directors must be at least 18 years old, a Singapore citizen orpermanent resident, an Employment pass, Approval-in-Principal Employmentpass, or a dependant pass holder.4. A physical business address must be provided. A P.O. Box is not accepted.5. The private limited company has to have a dedicated and competentsecretary within 6 months of the registration. He or she is supposed to beknowledgeable of the administrative requirements of the business.As with any application, Singapore company registration can be simplified,seamless, and stress-free if all the requirements are in order. Serviceproviders facilitate this in sure-fire ways. This will then assure businessowners of a timely processing at agreed-upon service fee, something that isimportant especially for those who have a conservative beginning capital andwho desire to start operating as a legal business entity the soonest time.
Company Registration Singapore: Water Business Seen To Boom In2015
Singapore clinched the fourth spot in the recently released report on theGlobal Financial Index, which still maintains London, New York, and HongKong on the top three posts. Tokyo has the fifth spot. Interestingly, bothSingapore and Hong Kong do not come far off London and New York in thelong-
held top two positions as the world’s biggest financial centres.
No wonder, many businesses are keen on launching their headquarters inSingapore. This is especially because company registration Singapore offersis in an environment that is not averse to innovation or risk-taking. Instead, the
Singapore government’s corporate regulatory body, the ACRA, plays a
facilitative and not a forbidding role for businesses seeking to be establishedin this Asian power economy.Company registration Singapore requirements are streamlined. A soleproprietorship or private limited company only needs to register a businessname and apply for incorporation for a minimal fee. If all documents aresubmitted in order, the two processes can be accomplished in less than onehour. Moreover, businesses need only a paid-up capital of S$1 to beregistered.