Singapore is a dream business destination for many multinational companies. it is a region to which they want to expand. Singapore offers huge business opportunities to all types of industries. The country is strategically located to be able to cater to the needs of many nations in Asia. The excellent connectivity with the countries makes it possible for materials to be easily sent from Singapore. The nation boasts one of the most efficient ports in the world and this makes importing goods very easy. Apart from this, the Singapore government has made it very easy for entrepreneurs from abroad to start their operations here. The government promotes private business and makes all facilities for them to do their business here successfully. This is why many companies from around the globe want to start their offices in Singapore.
Set Up Your Operation With Support From Consultants
Though setting up a business in Singapore is easy and uncomplicated, many foreigners will not be aware of the procedures that must be completed. This is why it is better to take the help of consultants here to complete the process. The business consultants in Singapore have helped many local and foreign businessmen to start their businesses successfully without spending much of their time or effort. When you are first starting the business, there will be many jobs that you must do yourself. But the procedures for registering and incorporating your company doesn't need your presence. Once you have signed all the documents and handed over to the agencies, they will complete all the formalities. It usually takes only a couple of days for the whole process to be completed if all documents are proper.
When setting up a private limited company in Singapore you will have to fulfill a few obligations. Singapore permits companies to be completely owned by foreigners. But there must be at least one director who is a resident of Singapore. This can be difficult for many foreigners who are setting up their companies in Singapore for the first time. It is not safe to appoint any unknown person as a director because if he or she has a bad reputation it could affect the company also. The consultants have a solution to this problem. They offer one of their persons as a nominee director who will hold the position till you can find your person for the job.
Manage Your Operations Yourself
Every foreign company prefers to have someone working in their headquarters to directly supervise the new company's activities in Singapore. But to stay and work in Singapore, you will need to get an employment pass. Once the company has been registered you can apply for the employment pass through the consultants. They will handle all your work even without your presence in Singapore. While you are busy preparing to move to Singapore to manage the new operation, your employment pass application will be submitted by the agencies to the MOM who is the authorities to issue the same.
The benefit of getting the job done through the consultants is that they can fill the documents properly to avoid rejection. They will follow up with the department regarding your employment pass status and update you about it. even if your application gets rejected once, these agencies will find the reasons and submit it after completing any missing formalities. There are a lot of benefits to getting the EP. You can stay and work in the country and also bring your family here on dependent visas.