Incorporate and grow your business in Singapore
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Singapore company incorporation can be a rewarding endeavor due to the country’s favorable business environment, political stability, strategic location, and access to international markets. Here’s a step-by-step guide to help you get started:
- Business Plan: Start by developing a solid business plan. Define your business concept, target market, and growth strategy. Understand the competitive landscape and the unique value your business will offer.
- Choose Your Business Structure: Determine the most suitable business structure for your company. In Singapore, common options include a Private Limited Company (Pte Ltd), Sole Proprietorship, or Partnership. Most businesses prefer the Pte Ltd structure due to its benefits, including limited liability.
- Reserve a Company Name: Choose a unique and suitable name for your company, and check its availability. You can reserve the name through the ACRA’s online portal.
- Appoint Directors and Shareholders: You’ll need at least one local director who is a