Simple Tips For Successful Company Registration Process
Singapore retains a highly acclaimed spot in the global market. The Lion City is revered as a well of opportunities, an ocean of infinite possibilities, known to be amiable to the large population of business professionals coming from both local and international shores.
Why Is There A Need For Company Registration Process
Because Singapore is widely recognised as an ideal hub for business development, it’s not unusual to find a lot of entrepreneurs and business professionals continuously dreaming of establishing a company within the walls of the Lion City.
Are you one of the entrepreneurs who wish to establish a company in Singapore? Do you envision yourself as part of Singapore’s business world? Are you eager to build a company that withstands the challenges and rewards of the Singaporean market? If yes, then have no worries. You don’t have to fall into the trap of thinking that company registration is beyond your reach. Contrary to popular belief, the idea of company formation is simple, as long as you have a concrete understanding of objectives and requirements.
How To Avoid Possible Delays Of The Company Registration Process
To help you hasten the course of company registration, here are two significant tips you can use to avoid possible delays in establishing your desired corporate entity:
Come up with an original company name. To dodge further delays, make sure the chosen company name you submit to the Accounting and Corporate Regulatory Authority (ACRA) in Singapore stands out from the rest. If the name resembles or is in any way akin to an existing company name, the authorities may not approve your request.
Prepare all the documents in advance. If you fail to produce the required documents or come up with sufficient information to satisfy the curiosity of the authorities from ACRA, the entire process may be delayed for several weeks. It’s more advantageous for you to have all your pertinent documents collated ahead of time.