Why Registering a Company Online Now Becomes Easier

Published on: 10 October 2020 Last Updated on: 25 November 2023

Are you looking for business opportunities in Singapore? This is an excellent choice because Singapore ranks 2^nd in the world, in the ease of doing business. Singapore is also one of the most advanced financial centers in the world, acting as a headquarters for thousands of global brands.

The ease of doing business starts right at the beginning stage of registration. Foreigners can easily register a company in Singapore, as well as get an employment pass. Singapore has outdone other competitors in Asia with entirely paperless business registration. Company registration is done in 1.5 days if the documentation for registration is right.

Benefits of Online Registration

Register from anywhere in the world

You don’t have to come to Singapore to register a company. You can submit all the documentation online. Better yet, you can use a company incorporation Singapore service to register your company. This service is offered by a team of professionals who are conversant with the documentation and procedures required to register a company.

Affordable

Paperless registration translates into lower costs for registration. Paid-up capital is only SGD 1.00 which is very friendly for small businesses.

Fast

Online processing has allowed cutting short the duration needed for company registration to 1.5 days. You can start your business operations within a week after landing in Singapore.

Who Can Register a Company in Singapore?

Both Singaporean nationals and foreigners are allowed to register private limited companies in Singapore. Shareholders can be individuals or companies. Singapore is one of the few countries that allow 100% foreign shareholding. However, bankrupt people and those with criminal backgrounds are not allowed to operate businesses in Singapore.

A foreigner who wants to register a company in Singapore should;

Have at least one director who is a Singapore resident. This could be a Singapore citizen, or a person holding a permanent resident visa, or someone holding an employment pass.
Hire a filing service for company registration. This is a team of professionals, usually lawyers, accountants, or company secretaries. They are familiar with the documentation and procedures needed to register a company correctly and in a short time.

What Are the Procedures in Company Registration?

Step 1 – Name Approval

Companies in Singapore are registered by the Accounting & Corporate Regulatory Authority (ACRA). You should submit at least 3 names for approval. Guidelines for company names include;

No vulgar or offensive wording
The name should not already be in use by another entity or be part of another company’s trademark.
If the name includes words like bank, media, finance, or educational it shall require further approvals by the bodies regulating these sectors.

ACRA reserves the approved name for 60 days, with a further 60 days extension.

Step 2 – Document Preparation

The required documentation for a private limited company registration includes;

The name approved by ACRA
Description of a maximum of 2 intended business activities in Singapore
The registered office address Singapore or the physical address of the company offices. Consultants can operate from a residential address but must show landlord consent.
Particulars of shareholders. Foreign shareholders are required to supply a copy of their passport and proof of residence in their country. Company shareholders must submit a copy of their Articles of Association and Memorandum of Association.
Particulars of the Ultimate Beneficial Owners. These are shareholders with more than 25% ownership in any level of shareholding
Particulars of directors
Particulars of a data protection officer to comply with the requirements of the Personal Data Protection Act 2012 (PDPA)
Particulars of the company secretary. This role should be appointed within 6 months of registration. The company secretary can be a filing agent. This is often offered as part of the package in business registration services.
Paid-up capital. The initial paid-up capital is SGD 1. This can be increased after registration

KYC documentation

Singapore has strict anti-money laundering laws, which require Know-Your-Customer guidelines to be followed when registering a company. Individuals must show proof of nationality, proof of residence, and describe their professional or entrepreneurial background. Corporate shareholders must show a Certificate of Incumbency if they are offshore companies registered in places like the Caymans.

Step-3 Submitting the Documents

ACRA maintains an online portal on which the documentation is submitted for registration. The Certificate of Incorporation is generated electronically within 1.5 days. But company registration can take as long as 2 months if further approvals are needed from industry regulators.

Why Use a Business Registration Service?

Get a full corporate kit – You get a package that helps you start operating as soon as possible. This includes the Certificate of Incorporation, Company stamp, Memorandum and articles of Association, and the minutes of the first board meeting.
Help in the processing of an employment visa if you want to relocate to Singapore
Help in opening a corporate bank account

Singapore is one of the most attractive investment destinations in the world. You get world-class financial services, good infrastructure, and a stable business environment. If you are looking for investment opportunities, work with a business registration service for quick company registration.

Read Also:

How to Register Your Company in China Fast

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Tips for Your Next Business Conference

For many businesses, 2020 has been the Year of the Video Conference. Companies around the world kept the show on the road by relying on the impressive and innovative software available on the market, without which business would have stalled or stopped. For employees, the experience has involved a steep learning curve, as they attempted to adapt to a whole new way of working. Gone was face-to-face interaction, in its place came the video conference. If new to the world of virtual conferences, it can be useful to remember a few essential tips to ensure your next business conference goes smoothly. Here are Tips for Your Next Business Conference: 1. Plan Ahead Don’t wait until just before the call to try out the software. Before the meeting begins, you will want to check that your speakers, webcam, and microphone are all working correctly. Nothing looks less professional than scrambling to fix a tech issue. You may also want to test the connection in your area. The more people on a call, the higher the demands on your computer and connection. It can also be helpful to set an agenda for the meeting or to sketch out a plan. By giving each attendee talking points to follow, you can keep the meeting on track and on-point, ensuring a productive conversation. 2. Explore the Tools One of the main benefits of video conferencing is the incredible array of tools at your disposal. Many video conferencing services allow you to share your screen, use a digital whiteboard to sketch out concepts, or to schedule meetings through Google Calendar or Outlook. If you’re using Zoom, you can also hide a cluttered or bland backdrop, with their virtual background feature. You can pick from the standard options or download one of the beautiful videos or high-quality images from hello backgrounds (hellobackgrounds.com/zoom-backgrounds). They have hundreds of options to play around with, including private offices, home interiors, skylines, and even a few images of tropical paradises – for those into wishful thinking. 3. Options for Hosts When hosting on a video call, you have a lot more options than in person. At a regular meeting, you can’t just mute someone, but then again, nor can people multitask without anyone noticing. Consider your options. By preventing people from being muted, you will ensure they cannot multi-task or get distracted from the call. However, this can lead to issues with background noise, as children or pets cause disruptions. Additionally, you’ll also be able to record the meeting for those who could not attend, or for future reference. It can provide a fantastic resource for training new employees, as well as ensuring complete organizational transparency. Plus, it’s convenient for anyone to take the minutes. Finally, consider the number of people you want at a meeting. Some may say, the more, the merrier. However, large conferences are prone to distraction and can hamper the connection. Keeping meetings more streamlined might seem exclusionary. But it can help promote better organization and collaboration as people feel their meetings are more impactful and useful. Read Also: 7 Ways To Communicate With Customers In A Better Way! What Are the Ways to Prepare a New Employee? 4 Reasons Your Home Business Needs A Virtual Receptionist

The Pulse Of Professionalism: Crafting A Reception Desk That Leaves A Lasting Impression

In today's business scene, your reception desk acts as a welcome point, which is initially what your customers view when they enter your organization. In this situation, you must choose a reception desk that's more than just a piece of furniture. Your organization's values, individuality, and ethos must reflect on your reception desk, which welcomes your potential customers. So, how will you craft a reception desk that leaves a lasting impression on your guests and potential customers? You will have to consider more than aesthetics when choosing a reception desk for your office. Setting the functionality along with the tone of your office reception desk makes it not only memorable but also creates an impression on its onlookers. So, if you wish to create an impression with a reception desk that aligns with your organization's aesthetics and serves its function, then craft a desk that seamlessly merges both form and function with aesthetics. Make the first touchpoint memorable in your office by designing a reception desk that balances both functionality and flair. In modern designed offices, the old simplistic designed desks no longer attract any attention. Instead, today's reception desk designs are architectural marvels created by merging innovation and intention. How To Crafting A Reception Desk That Leaves A Lasting Impression Here's how you can craft a reception desk that leaves a lasting impression on its onlookers. Functionality When deciding on which reception desk to pick for your office or organization, you should prioritize its purpose. If you want to leave a lasting impression on guests who enter your office, opt for a functional desk that meets the staff's and visitors' practical needs. Aesthetics can last you an impression only for some time until your staff or guests need to use the desk. So, choose a desk that is approachable and serves the purpose. Your desk must be designed to store essential items like stationery, documents, and electronic devices. Your organization desks should also be clutter-free and organized. First impressions are crucial, so if your reception desk is cluttered, it creates a negative impression on your guests. So, craft a functional reception desk that helps store necessary items without overcrowding the desk. Choose a reception desk that is easily approachable, which creates an impression of inclusivity. This helps give a welcoming impression to your visitors. Read More: Proven Strategies To Captivate Buyers And Sell Your Business Successfully Design Just like an aesthetic reception desk alone can't create a lasting impression on your guest. Functionality alone can't serve the purpose as well. So, you must choose a reception desk that is unique in its design. This will help elevate your reception look from ordinary to extraordinary. You will have to choose a reception desk that's not only functional but has a design that stands out. You can use a sophisticated designed reception desk with sleep marble countertops. Or a warm wood accent reception desk that exudes welcome and warmth to its onlookers. You can choose a well-lighted reception desk, which increases visibility for your guests and staff. Try creating an inviting atmosphere in your reception surrounding your reception desk. This helps create a captivating and inviting atmosphere for your guests. Several innovatively designed reception desks are available that are influenced by modern architectural marvels. These designs help your reception desk stand out to your guests, who marvel at the design of the desk. Several people who are artistically inclined will also show their appreciation for knowing more about the desk. So, choosing a desk based on functionality and creative design can help elevate your reception area. Layout Your reception desk layout is equally important when looking to make a lasting impression on your visitors. A good layout helps individuals move and get access to the reception smoothly without rushing during peak hours. You can include several service points in your reception to formulate check-ins and inquiries smoothly. Creating a well-thought-out design reception desk can help you avoid chaos. You can reduce wait time and enhance your visitor experience when you have a proper layout. You can also include advanced technologies within your reception areas like digital displays or interactive kiosks to modernize your space. These integrations are functional as valuable information and resources are provided to visitors in seconds. Incorporate Your Organization Essence However, the true essence of a standout reception desk lies in its ability to tell a story—to encapsulate the essence of the organization it represents. Whether through branding elements, artwork, or architectural features, the reception desk serves as a visual narrative, offering a glimpse into the company's identity and values. For instance, a tech startup may opt for a sleek, minimalist design, reflecting its innovative spirit, while a law firm might prefer a more traditional aesthetic, conveying professionalism and trustworthiness. Customizable If you are seeking to leave a lasting impression on your reception desk, go for a customized desk. Include your business logo and tagline when customizing your choice of reception desk to make it stand out. Creating a unique design reception desk that goes with your office aesthetic while being functional is captivating for your office's overall visual. So, you can collaborate with architects, designers, and craftsmen who help organizations create customized reception desks that are uniquely theirs. You can include your brand and vision to create your ultimate reception desk. Even in the age of remote work and virtual connectivity, you cannot overstate the importance of a physical workspace. Your office reception desk acts as a connection between the outside world and your business. So, investing in a customizable reception desk will only elevate your organization's impression to the outside world. Especially if you are planning to reopen your office doors post-pandemic, give your office a new look starting with a customized reception desk. This helps even capture your staff's attention towards a fresh new start at work. Reception helps build connections, which can result in lasting connectivity with a client. So investing in a customized reception desk is well worth it for creating a first and lasting impression. Conclusion So, design a reception desk that stands out to your guests at the organization as they enter your office. Create a lasting impression with a reception desk that balances functionality with aesthetics. You can create a space with a reception desk that fulfills your practical needs and captivates onlookers' imagination. A space that leaves anyone with a lasting impression as they enter your office. A reception desk that sets the pulse of professionalism at your organization while welcoming all who enter with open arms. Read Also: Choosing Between Shopify and Crafting Your Website: A Guide for 2024 How Automation Tools Are Transforming Digital Marketing? Unlocking Opportunities: How Does Leasing Expand Your Car Options?

3 Forex Trading Tips and Tricks

It is easy to open a trading account on Forex and start trading. However, studying the market and formulating a winning trading strategy takes effort and experience. Even experienced traders often fail to make the right trade and suffer great losses. However, this should not keep you from entering the market. A loss is an opportunity to learn and make better choices in the future. Despite the inevitability of a loss in the long term, avoiding major and frequent losses only requires you to stick to certain tips and tricks when Forex trading. Below are three tips and tricks that can help you build a strong portfolio on your Forex trading account. 1. Simply Trade with the Trend Many traders have heard it many times, “trend is your friend” which ultimately emphasizes the importance of trading with the current trend. This is a very simple trick that promises a profitable outcome, and yet, the vast majority of forex traders do not follow it. Sometimes, the reason why people do not follow this trend is that they do not know how to identify some of the common uptrend indicators and signals. For this, you will have to learn about reading a candlestick graph. Even if you cannot identify using some of the basic technical analysis techniques, some trades have all the fundamental backing towards their rise, and almost all the news shows positive signals towards them. Not capitalizing on those opportunities means that you are letting go of an easy opportunity to bag a profit. 2. Trade Contra Crowd What does this mean? Well, the market is made up of two different players. The first is smart money, which is the banks, institutions, hedge funds, and billionaires. These entities are winning the majority of the time. On the other side, you have the herd or the retail traders, and as you know, the retailers are usually the ones that are oftentimes on the losing end of the trade. Therefore, now that you know that the retailer's trading strategy usually has them in losses and rarely in profits, it is almost a no-brainer to follow what the herd is trading. Instead, you can do just the opposite and have a better win ratio. Simply by trading opposite to how the herd trades, the chances that you will be sitting at a profit ultimately increase. You can find many tools that show you the total number of retail activity in the market and this can help you either short or long positions on a trade by looking at what the vast majority are trading. Once you start making trades that oppose the majority retail sentiment in the long run, your trades will begin to gradually align with the winners in the market, causing your Forex journey to become more profitable. 3. Use Stop Loss Using stop-loss on your trades can give you a better risk to reward ratio. Limiting your buy order to stop loss at a given price can ultimately help you exit when the market becomes very volatile and the price starts to fall below its previous resistance levels. Many traders do not bother putting a market order because they do not want to sell early and miss profits. However, this greed can be the reason for your turmoil in this market. The downside of stop-loss is that sometimes the market may not come to the level that you are expecting. This is just a balance between where you expect the market to go, and at which point can you not bear the loss. Using it on every trade keeps you on the safer side of the trade, even if it means that you have to miss some profits. A rough guideline on where you should put the stop loss is putting it near the market structure. Most of the times, a candlestick graph will have very clear support and resistance, and just by looking at the market structure, you can identify where you should stop your losses. To Conclude: Overall, the tips of making profitable trades are simple and have no secrets to them. They are usually very clear tips that every trader knows bout, yet does not follow. One bonus tip would be to hold your traders except panic selling at a loss. Read Also: CFD Trading: Everything You Need to Know in 2021 Amazing Ways to Maximize Your Profit at Trading

Why Registering a Company Online Now Becomes Easier

Benefits of Online Registration

Who Can Register a Company in Singapore?