Starting a business in Singapore

[ecureilx]

It is not hard to start a business. There are companies who have started operation and within a week were issuing checks - The banks took more time to process the Business Accounts.

Check Accounting & Corporate Regulatory Authority Singapore

of course, it helps if you have a Singapore Partner, for legal and such purposes.

Alternate, there are company secretaries who will name themselves as a partner, and will be the correspondance address.

As for visa, you can apply for entrepreneur visa, which is not hard to obtain, if you place a larger sum in the paid up capital.

You just need 2 S$ to start a company, but with a 2S$ company, you will have endless questions about the viability. Alternate, say, you start off with S$ 20,000 or higher, the pass process is faster, and upon completion of 12 months of operation, the income tax returns will ensure you qualify or dont - for permenant residence.

note that Singapore requires the person to be GAINFULLY employed and living in Singapore, to apply for PR, unlike other countries, where you can apply and turn up once you obtain your PR.

Hope the above helps.

Cheers

[ecureilx]

Originally Posted by ecureilx

It is not hard to start a business. There are companies who have started operation and within a week were issuing checks - The banks took more time to process the Business Accounts.

As a foot note, I have helped - on a personal basis - some friends start companies on their 2 day transit. And on their next visit a week later, they were fully operational with their "Singapore Registered Office" and were doing trading with Singapore Bank LCs and so.

Cheers