10 answers for 10 questions
You've already decided that you want to establish yourself in Singapore.
Now, you want to start operating, invoicing, or managing your assets as soon as possible.
You don't want to waste time with bureaucracy and procedures that divert you from your goals.
That's why, so you don't waste time, we've prepared 10 answers to 10 of the most common questions that arise when registering an entity in Singapore.
Without further ado, let's get started:
1. What are the requirements for registering a company in Singapore?
There are none as long as a local entity assists you with the process.
2. Do I need to be in Singapore to register a company?
No.
3. What is the best legal structure to register a company in Singapore?
The quickest and most cost-effective option is to register a "Pte Ltd" company. This structure allows you to invoice without even needing to be present in Singapore.
4. How long does it take to register a company?
Registration is practically instantaneous for most companies.
5. What documents do I need to register a company in Singapore?
None. You will need to provide documentation when opening a bank account, though.
6. Is it necessary to be in Singapore to open a bank account?
No.
7. How long does it take to open a bank account?
About 2-3 weeks.
8. What documents are needed to open a bank account?
Several documents are required, depending on the bank, but they typically ask for a certified copy of the company's foreign incorporation registration, copies of passports of the major shareholders, etc.
9. Can I manage the bank account from outside Singapore?
Yes.
10. Once the company is registered, can I start hiring?
Yes.
At 3W Labs, we assist businesses and entrepreneurs in establishing themselves in Singapore in a straightforward and personalized manner, saving time and management costs.
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