Ever dreamed of launching a business in one of the world’s most thriving economies, known for its innovative environment and business-friendly policies? With BBCIncorp’s cost-effective $1,735 package, you can make that dream a reality. Singapore’s well-earned reputation as a global business hub positions your venture for success from day one.
Whether you’re a small business owner, an aspiring entrepreneur, or a startup looking for the perfect launchpad, this guide will walk you through why Singapore is the prime destination for your business, what BBCIncorp offers, and how you can get started seamlessly.
Why start a business in Singapore?
Singapore is a powerhouse on the global economic stage, consistently recognized for its dynamic business ecosystem. Here’s why this global economic powerhouse is the perfect place to thrive:
Business-friendly policies that empower growth
Singapore ranks as one of the easiest places in the world to do business, thanks to its transparent regulatory environment and ease of incorporation. The government supports entrepreneurs with low taxes, business grants, and a robust legal framework.
Strategic gateway to Asia
Sitting at the crossroads of Asia, Singapore connects you to booming markets like China, India, and Southeast Asia. With world-class transportation and logistics networks, it’s the ideal hub for international trade and expansion.
Access top talents effortlessly
In Singapore, finding the right talent is never a challenge. The country is home to a highly educated and skilled workforce ready to help your business grow. Whether you’re hiring for tech, finance, or creative roles, you’ll have no shortage of qualified professionals.
Unbeatable tax benefits
Maximize your profits with Singapore’s attractive corporate tax rates, tax exemptions for eligible businesses, and an extensive network of double taxation agreements. It’s a tax system designed to help your business succeed.
By setting up your business in Singapore, you’re not just investing in a company; you’re stepping into a global business hub built for success.
What are the requirements to start a business in Singapore?
To start a business in Singapore, you need to meet the following requirements:
- Choose a business name: The name must be unique, approved by the Accounting and Corporate Regulatory Authority (ACRA), and free of restricted or offensive terms.
- Appoint a local director: At least one director must be a Singapore resident (citizen, permanent resident, or someone with a valid residence pass). Foreign entrepreneurs can use nominee director services if needed.
- Minimum shareholder: You need at least one shareholder, who can be an individual or a corporate entity. Shareholders can be local or foreign.
- Paid-up capital: Wondering how to start a business in Singapore with no capital? Good news—registering a company in Singapore requires a minimum paid-up capital of just SGD 1. This makes it incredibly accessible to incorporate your business without needingzsubstantial funds upfront.
- Registered office address: A physical local address in Singapore is mandatory for official correspondence (P.O. Boxes are not allowed).
- Company constitution: This document outlines the rules governing the company’s operations. You can use a standard template or customize it.
- Business licenses (if applicable): Depending on your industry, you may need specific licenses or permits (e.g., for food services or financial activities).
These requirements ensure compliance with Singapore’s regulations and provide a solid foundation for your business. Services like BBCIncorp can help streamline the process and meet these criteria efficiently.
How to start a Singapore company with BBCIncorp
Launching your Singapore business is easier than you think with BBCIncorp by your side. Follow these detailed steps to embark on your entrepreneurial journey.
Step 1: Choose a service package
Setting up a business in Singapore might seem costly at first glance, but with BBCIncorp’s specially designed package, $1,735 covers everything you need to get started. Here’s a breakdown of what’s included in their all-in-one service:
- Name reservation and incorporation filing: Ensure your business name is unique and compliant with Singapore’s regulations.
- Corporate documentation: Preparation and submission of all required incorporation documents to the Accounting and Corporate Regulatory Authority (ACRA).
- Registered office address (1 year): A valid local address is mandatory for all companies. BBCIncorp provides a professional address that adds credibility to your brand.
- Company secretary services (1 year): This is a legal requirement in Singapore, and BBCIncorp ensures you meet compliance standards.
- Nominee director service (optional): For foreign entrepreneurs, BBCIncorp offers a local nominee director, helping you meet local directorship requirements while retaining full control of your company.
- Bank account setup help: Opening a bank account as a foreigner can be complex. BBCIncorp simplifies the process, connecting you with top banks like DBS, UOB, OCBC or financial institutions such as EMI, Payoneer, etc.
Step 2: Submit required documents
After choosing your package, submit the required documents, which include:
- A completed application form with all relevant information filled in accurately;
- Copies of passports for all directors and shareholders;
- Proof of residential addresses (e.g., utility bills or bank statements);
- Business name approval certificate;
- Additional compliance documents for Know Your Customer (KYC) checks, if applicable.
Once all necessary documents have been submitted, BBCIncorp will review them to ensure they meet the requirements set by Singapore authorities. If there are any discrepancies or missing information, the team will contact you to resolve them
Step 3: Complete the setup process
With all your documents in place, BBCIncorp will handle the heavy lifting. They’ll take care of necessary paperwork, lodge all required submissions with Singapore’s regulatory authorities, and ensure compliance with local regulations.
Once your company is officially incorporated, they’ll provide you with the relevant certificates and documentation to mark the completion of the process.
Step 4: Adhere to Singapore’s accounting requirements
With your company now established, you can shift your focus to building and growing your business. BBCIncorp continues to support entrepreneurs post-launch by assisting with essential tasks like:
- Pay corporate income tax.
- File annual returns with the Accounting and Corporate Regulatory Authority (ACRA).
- Meet corporate tax filing obligations with the Inland Revenue Authority of Singapore (IRAS), the nation’s tax authority.
- Maintain accurate accounting records, along with a complete register of members and beneficial owners.
Finding the right accounting services provider Singapore cost-effective can make all the difference for businesses seeking reliable financial management. Many firms in Singapore stand out for their budget-friendly services, helping businesses save on operational costs without compromising the quality of support. By outsourcing to an experienced accounting services provider, businesses can focus on growth while ensuring accurate financial reporting and efficient bookkeeping.
Take the leap with BBCIncorp
Singapore’s business-friendly ecosystem, coupled with BBCIncorp’s economical and thorough setup packages, creates a unique opportunity for entrepreneurs to flourish in one of the most dynamic markets in the world.
Don’t wait to bring your business dreams to life. With only $1,735 and BBCIncorp’s expertise, you can secure a strong foothold in Singapore’s thriving market.
Contact information:
Organization: BBCIncorp
Website URL: https://bbcincorp.com/
Email: service@bbcincorp.com
- BBCIncorp’s Headquarters in Hong Kong:
Address in Hong Kong: Office 3906, 39th, The Center, 99 Queen’s Road Central, Central, Hong Kong
Phone in Hong Kong: (+852) 8192 8666
- BBCIncorp’s Office in Singapore:
Address in Singapore: 9 Raffles Place, #29-05 Republic Plaza, Singapore (048619)
Phone in Singapore: (+65) 6011 8200
- BBCIncorp’s Office in Vietnam:
Address in Vietnam: 39-41 Ngo Thi Bi Street, Him Lam Area, Tan Hung Ward, District 7, Ho Chi Minh City
Phone in Vietnam: 18006338
