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How to Open a Singapore Corporate Bank Account

How to Open a Singapore Corporate Bank Account

Singapore Company Incorporation Services

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An investor's unmarried children over 21 years old are eligible to request for the renewable 5-year Extended Visit Pass, subject to your investor's re-entry permit validity.

Eligibility for Application

Entrepreneurs and senior corporate managers may also take advantage of the GIP. Applicants with an entrepreneurial and/or business track record are required to have the following:

(i) At least 3 years of entrepreneurial track log with audited financial statements

(ii) An annual turnover of at least SGD 10 million in the most recent year and an typical annual turnover of at the least SGD 10 million over the last 3 years

(iii) Share ownership and substantial role in company operations and success

Senior corporate managers who wish to apply for the GIP may do so as well, provided they enjoy the following:

(i) At least a decade's of corporate management experience

(ii) A current C-level management role in the company, i. e. Chairman, CEO, CFO, CTO

(iii) Current company turnover of at least SGD 100 million

Senior corporate managers are also required to choose Option A for any GIP application.

With its aim to attract international entrepreneurs to undertake Singapore company incorporation, the Global Investor Program provides entrepreneurs possibility to tap into Singapore's robust economy and revel in its business-friendly practices and incentives.

The country's impressive economic background coupled with its plans to stimulate business creation and growth helps people see positive returns on their investments.
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Incorporating a company in Singapore is usually simple and straightforward, requiring fewer legal steps and obligations when compared with other countries around the world. This article will help you better understand some of the laws that govern Singapore company formation and the relevant legal rights and duties of directors and members once the company is formed.

Within Singapore, companies are governed by way of the Singapore Companies Act involving 1963. This Act covers the steps needed and structure for forming a corporation in Singapore. All companies must stick to the regulations of this Act in order to legally incorporate a company within Singapore.

The initial step when incorporating a company in Singapore is always to gain approval for ones desired company name from the Accounting and Corporate Regulating Authority of Singapore (ACRA). Your available choice of company name is dictated by section 27(1) in the Companies Act. It states that an organisation may not register a corporation under a name that is a) undesirable, b) identical compared to that of another company and also c) a name that Minister has directed the Registrar not to accept. Once ACRA has okayed your company name phase 2 involves submitting your official company documents to be certified.

Under section 19(1) of the Act any potential company must submit the company Memorandum and Articles of Association to ACRA. singapore company incorporationA company is an association formed when considering doing business.
o Offer technical support to your products supplied by the parent company

Plenty of time taken to register an organisation in India would be between a few hours to three months.

Greatest things about setting up company within India

India has double tax treaties with many countries

Tax exemptions for the companies set up with SEZ

Tax incentives to the IT companies

British speaking, skilled employees purchased at nominal rates
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Singapore Company Registrar - The Basics

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