“Singapore’s riches are its hard-won assets. It is a great place for a new Singapore company registration. We offer an economical incorporation package spiced up with the free goodies,” commented Ms. Meena, the Business Head of SBS Consulting.
SBS Consulting is one of the popular Singapore incorporation services that offers its services to the individual entrepreneurs and businesses. Its incorporation package costs S$699* only and comes along with FREE company secretary (worth S$499*) and Free Office Address (worth S$399*) for the first year. The firm also delivers excellent services, such as bookkeeping, accounting, company secretary, payroll processing, Annual return filing, Director Report preparation etc.
The entrepreneurs, corporate, and investors choose Singapore as their investment destination so as to benefit from its business-friendly strategies. The country offers excellent infrastructure, pro-entrepreneur bureaucracy, and stable political environment. Currently, the country ranks second in the list of ‘Ease of Doing Business’ indicator as per the World Bank. It offers a very conducive environment for the startup company registration Singapore.
“Since inception, We have served a big number of clients with their Singapore company registration. It is a two-step process; a) Take approval for the company name and b) Apply for company registration. We help our clients in completing the process in only 1 – 3 days. We also assist our customers in choosing the right business structure for their business. The choice of the structure has a bearing on the business’ liability and taxation,” said Ms. Meena.
When you hire SBS Consulting, we provide you with a complete company registration Singapore solution. Our incorporation package includes the following,
Checking of a company name availability and reservation of the desired name
Preparation of Singapore incorporation documents like M&A, Form 45, Form 45B, etc.
Registration with ACRA by payment of ACRA fees
Electronic Certificate of Incorporation
Company profile/extract from ACRA with UEN Number
Minutes of first board meeting
Preparation of company kit
Bank Account Opening Documents (E.g. Constitution, BizFile)
Assist in determining first financial year end of company
“A Singapore private limited company is a legal entity and pays its own corporate tax which at its maximum is 17%. However, the owners of a sole proprietorship or one of the partnerships need to pay personal income tax (0% – 22%) of their earnings from these firms.
A Private Limited company is a favored business vehicle by the majority of entrepreneurs in Singapore. The company pays for its losses and debts, and shareholders’ personal assets are not touched. Their liability is limited to the value of their shares. On the other hand, the owners of business firms like Sole Proprietors and Partnerships are liable to pay their firm’s debt. It puts their personal assets at risk,” added Ms. Meena.
Even local business owners benefit from hiring Singapore incorporation services to accomplish their company registration Singapore. The BizFile+, at the time of filing of an application, expects additional information like Singapore Standard Industrial Classification (SSIC) code. The code is necessary to define economic activities to be undertaken by the proposed Singapore company. SBS’ incorporation agents are well versed in it.
“At the time of registration of a new company, it is compulsory for the business owner to provide a local registered office address. The foreigners need to buy this service from the service providers. Moreover, according to the ACRA’s mandate, each new Singapore company registration must appoint at least a company secretary within the six months from its registration date. It is an added expense for the startup company if you hire . Our incorporation package enables you to fulfill both the requirements efficiently,” said Ms. Meena.
SBS Consulting Pte Ltd is one of the respected Singapore company registration firms. It has always served its clients, both individual entrepreneurs and corporate, with distinction and by delivering affordable incorporation packages, in addition, also offer services like bookkeeping, accounting, payroll processing, GST registration, XBRL and GST filing at reasonable cost.