Company Incorporation Singapore Requirement in Year 2020 and Beyond
The demand for Singapore company incorporation service is increasing annually. Due to the great demand since the beginning of the year 2020, you can see many companies offering company setup Singapore services on Google Ads and search engines. Just type “company incorporation Singapore” and press the search button alone and you shall see millions of web pages showing thousands of Singapore incorporation companies offering attractive packages to potential leads online.
Let’s not forget foreigners can apply for company incorporation just like how the locals can perform Singapore company incorporation. But you need to hire a professional corporate service provider to do this on your behalf.
Question: Can I Register My Own Company and Incorporate Company Name all by Myself?
The answer is a straight NO. The reason is that incorporating a company in Singapore is not straightforward but rather involves several complicated steps. This also applies to foreigners who wish to register a brand new company or want to relocate to an existing company in Singapore. It is a well-known fact that Singapore Company Incorporation process is regarded as highly cumbersome and intimidating due to the strict requirements & timelines plus tedious procedures to comply. Even a slight mistake which happened unknowingly during the moment you fill-up the application form can render your application invalid thus wasting your hard work and precious time.
That’s the reason why top company setup Singapore firms such as WLP Group, Company Incorporation Singapore Services, Company Setup Singapore Service are formed to ensure everything is completed seamlessly, from submitting your company name for approval until the successful incorporation of your business. In other words, let corporate service provider companies such as the WLP Group become your one-stop shop for company incorporation services. You simply can’t go wrong with a company which already have a six years history in the company incorporation service line.
Requirements for Singapore Company Incorporation:
Among the three types of company formation packages: Sole-Proprietorship, Limited Liability Partnership and Private Limited Company, the latter is the most common form of company entities registered here in the sunny city of Singapore. Why this Private Limited Company package is the most sought-after plan is due to fact shareholders are not held liable for a company’s debt exceeding the amount of share capital they have contributed, and they also get to enjoy a low 17% of the tax rate. On top of that, the shareholders can enjoy dividends which will not be added into shareholders’ personal tax.
As for the requirements for Singapore company incorporation, first you need to seek approval for your company name and register your new company by providing Accounting & Corporate Regulatory Authority (ACRA) the relevant company incorporation documents. This is considered as the first step to registering your company in Singapore as a Private Limited company. Next, once you have received the approval from ACRA regarding your company name and company registration, then only you can proceed to open a new corporate bank account, apply for business license and Government Service Tax (GST), thus ensuring your company is fully incorporated and adhering the laws of Singapore.
How Singapore Company Incorporation Service Provider like WLP Group and Others Can Assist You to Incorporate Your Company in Singapore ?
We at WLP Group are consist of a team of professionals who already have the skills and experience to make your dream come true. With our vast experience in the field of company incorporation, we can manage the nitty-gritty, thus save you the time and space to concentrate on what is most important — which is YOUR BUSINESS!
Since early January 2020, we have upgraded our service packages and now offering various services from company registration to providing virtual office address. So pick the ones which best suits your business requirement.
Here’s the comprehensive list of our services:
• Document Preparation and Submission to ACRA
• Company Name Check and Company Name Booking
• Registration of New Company Name
• Compilation of Company Business Profile
• Opening New Corporate Bank Account
• Annual Filing — made compulsory by Singapore Companies Act
• Corporate Secretarial Services
Once you have subscribed to one of our services and provided us with your documents, our experienced team of professionals will review your company documents to ensure that your company complies with Singapore’s regulatory requirements and annual compliance needs. By doing so, the days of worrying over tiresome registration procedures and protocols can now be a thing of the past since WLP Group can now take over and handle everything on your behalf!
At WLP Group, we strive to serve all of our clients with the best price and service. So what are you waiting for? Join thousands of satisfied clients who have benefited from our professional service and practical advice, and incorporate your company name now with WLP Group— your number one choice for company incorporation in Singapore.
Beside WLP Group, other top company setup Singapore service providers which you can consider include the following:
https://www.companysetupsingaporeservice.com
https://www.companyincorporationsingaporeservices.com
Contact Us:
WLP Pte Ltd
https://www.wlp.com.sg/
21, #08–18 Woodlands Cl,
Primz Bizhub,
Singapore 737854
Phone: (65) 9761 2094
Email: info@wlp.com.sg
