Singapore is considered as one of the business hubs that will attract many foreigners to start their own technology business. Now let us explore starting a business in Singapore as a foreigner. It will cover down many points that will help them to start business online.
Many opportunities for business
Singapore has grabbed first position globally in doing the best business considering attractive rates of the tax along with strategic locations and such policies which tends to be pocket friendly in nature. People can go for consulting firms along with home tutoring services accompanied by digital marketing and babysitting services. They will come across with different options that will cater their needs in the desired location.
How to start the technology company
Foreigners will come across with 2 main options where they can start their business by relocating to Singapore or they stay in their own county and hire someone to operate it nicely. In the former one, a company would need a local director who should be a permanent resident of the country along with shareholders who can be local or foreigner also. Once you are done with all formalities you will come across with steps to start up the company:
- Person will have to fill the registration form of Singapore Company.
- After that, proper arrangement of all documents
- Person will register the company name where they will come across with such a person who will guide on choosing a business name.
- After that, necessary documents should be available with them.
- They should sign the documents of the incorporation.
Person can go for opening a corporate bank account
It is very easy for the person to open a corporate bank account. Similarly, most of the banks require an online process of opening an account along with offline formalities which should be complete in 4 weeks easily.
Special license for technology business
For starting up some kind of technology business person will have required some business licenses for some particular departments. For instance, this may be needed for that person who wants to go for opening the business of tobacco products along with other items like firecrackers.
Technology business requires a local resident
All these businesses require people to be abroad or local residents. Above all, being one of the top in talent Singapore is best to provide the hiring facility of the local along with foreign employees for the company. In addition, they can do this work by recruitment agencies from the digital platform like indeed and jobs street.
Singapore is also best in offering government grants in order to start up the technology business. Simply, a person will have to contact some government bodies where the representative will guide you about the grants they wish to get for the same.
They will also come across with different grant facilities that will be provided to the person according to the type of technology business they are starting soon.
Thus you will come across with different options in setting up the technology business along with its requirement part which makes it easy for the person to start up their own business according to their choice.
Get a digital corporate secretary
Now you don’t need to not wait for paper works, signatures, and visits to your current possessions. We offer a pocket corporate secretary, which is the most convenient factor of our service.
Once you decide to hand over your company’s managerial task to us. We securely handle your data and get everything done within few clicks. Contact our team and get the most affordable and excellent corporate secretary service in Singapore.
Why choose Singapore?
Cumulative numbers of entrepreneurs, businesses, and undertakings of all dimensions across the world. They are all using Singapore as the incorporation authority for their business.