Starting a Company In Singapore Introduction

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Take our two hour incorporation tour. Everything a foreigner or local should know about how to incorporate and run a company in Singapore during the first month of operation.

More here: http://futurebooks.com.sg/blog/starting-a-company-in-singapore-introduction-2/5153

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Starting a Company In Singapore Introduction

  1. 1. Prepared for directorsof Singapore privatelimited companies.As of 2012STARTING ACOMPANY INSINGAPORE:INTRODUCTION
  2. 2. ACCOUNTINGIS A SERVICE,NOT ATRANSACTIONwww.futurebooks.com.sg
  3. 3. FUTUREBOOKSSERVICES Sale of the business Bookkeeping, annual financials and company tax Incorporation , company secretary, work passeswww.futurebooks.com.sg
  4. 4. LAUNCH YOURBIG IDEAwww.futurebooks.com.sg
  5. 5. STRUCTURES ANDCOMPLIANCE
  6. 6. LEGAL STRUCTURES:LOCAL DIRECTORSwww.futurebooks.com.sg
  7. 7. LEGAL STRUCTURES:FOREIGN DIRECTORSwww.futurebooks.com.sg
  8. 8. IMPORTANTGOVT BODIESwww.futurebooks.com.sg
  9. 9. COMPLIANCE WITHACRA’S BIG 4www.futurebooks.com.sg
  10. 10. #1 APPOINTING ALOCAL DIRECTORwww.futurebooks.com.sg
  11. 11. #2 REGISTER MAILINGADDRESSwww.futurebooks.com.sg
  12. 12. #3 APPOINTING ACOMPANY SECRETARY Can I handle asset registers? Can I file on time? Can I handle share transfers?www.futurebooks.com.sg
  13. 13. #4 APPOINTINGAN AUDIT FIRM Do I want to attend a planning meeting? Will I get it done? Will I answer email? Will I maintain the budget?www.futurebooks.com.sg
  14. 14. INCORPORATINGA PRIVATE LIMITEDCOMPANY
  15. 15. PLAN YOURINCORPORATIONwww.futurebooks.com.sg
  16. 16. COMPLETING ANINCORPORATION • • • •www.futurebooks.com.sg
  17. 17. #1 BIZFILE Downloadwww.futurebooks.com.sg
  18. 18. #2 M+AA Downloadwww.futurebooks.com.sg
  19. 19. #3 SHARECERTIFICATE Downloadwww.futurebooks.com.sg
  20. 20. #4 BOARD OF DIRECTORSRESOLUTION Downloadwww.futurebooks.com.sg
  21. 21. COMPANYSTAMP + SEAL Do I need a company seal?www.futurebooks.com.sg
  22. 22. Search for ‘Singapore incorporation’ on the App Store.www.futurebooks.com.sg
  23. 23. OPENING ACORPORATEBANK ACCOUNT
  24. 24. STARTUP FRIENDLYBANKS Account name Min. opening Min. avg. daily Directors living balance balance abroadDBS Startup $500 $10,000 Easy Entrepreneur AccountOCBC Business $500 $8,000 Easy EntrepreneurStandard Chartered BusinessOne none $10,000 EasyUOB Current $1,000 $8,000 HardMayBank Company Current $3,000 $10,000 HardHSBC Business Vantage $30,000 $30,000 HardCitibank Commercial Bank $100,000 $50,000 Hardwww.futurebooks.com.sg
  25. 25. GET USED TOCORPORATE BANKINGwww.futurebooks.com.sg
  26. 26. APPLYING FORA WORK PASS
  27. 27. LEGALLY WORKINGIN SINGAPORE MOST DESIRABLE Permanent residency Personal EP Employment pass Entrepass LEAST DESIRABLEwww.futurebooks.com.sg
  28. 28. SCENARIOS
  29. 29. A LOCAL WHO WANTSTO TEST AN IDEAwww.futurebooks.com.sg
  30. 30. A FOREIGNER ON A PEP WHOWANTS TO START A BUSINESSwww.futurebooks.com.sg
  31. 31. A FOREIGNER WHO DOES NOTWISH TO LIVE IN SINGAPOREwww.futurebooks.com.sg
  32. 32. www.futurebooks.com.sg
  33. 33. TERMS OF USEwww.futurebooks.com.sg

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