Getting an entry pass visa is one of the first and most important steps to ensuring that you are eligible for setting up a business in this country. It’s a great way for entrepreneurs to be given a visa and either begin a new firm or move/expand their current one.
Finding jobs rather than creating your own establishment is also a very viable option for many foreigners, as there’s an option to incorporate and get an employment pass in Singapore.
On this page
Benefits of Setting Up in Singapore
One of the biggest reasons why people move their businesses over to this country is because it’s a great location, especially if you’re trying to establish a headquarters operation. It’s one of the most straightforward places on the planet where you can set up a firm.
In addition to this, it’s also one of the most competitive Asian countries in terms of innovation and development – they’ll help you to be the best company possible.
The taxes are considerably lower in comparison to establishing a company in other places around the world and the government is supportive. For smaller-sized firms, they’ll often give out grants to give them a boost and get the best start possible.
There’s also a huge tech market right next to you. Places in Southeast Asia are often collaborating with people in Singapore and striking up profitable business plans.
How to Register a Business
Business owners will be happy to know that this is also a hassle-free process. Whether you’re operating under a parent company or you’re a private limited company, there are options available to you.
There are a number of government departments that deal with registering foreign firms. The Monetary Authority of Singapore deals with any establishments related to banking or finances of any sort.
The Legal Services Regulatory Authority handles firms in the legal business. Enterprises that fall into all other industries go to the International Enterprise Singapore.
Premises and Recruitment
Once you’ve successfully been registered, it’s time to focus on where you’d like your firm to be based. This country offers a great deal of variety when it comes to premises for companies. Think about the location where your business could be the most efficient and effective – would the civic district or simple offices in the middle of the city work best for you?
Regardless of where you base your enterprise, you’ll be provided with excellent accommodations.
Singapore has a ton of recruitment agencies and websites all working to hire the best talents for businesses of all kinds. If you’re after someone with a specific leading role to play, your best option would be to look via a head-hunting agency, as they go after those with the expertise that you need. If you require a large workforce, it would be best to search for people through recruitment websites.
Get a Head-Start
At the beginning, many companies find that they need a helping hand to get things off to a smooth start. The government here has devised a number of places you can visit to get the financial help you need in order to make your firm grow.
It’s one of the most appealing aspects that draw in entrepreneurs from all over the planet.