Company incorporation is the process of incorporating any type of business entity in Singapore. Due to the country’s extensive trade networks and government initiatives, many multinational companies and entrepreneurs are getting interested in setting up a Singapore company. But just like many countries in the world, Singapore has its own set of initial and ongoing regulatory compliance for starting a company. For this reason, it’s advisable for both local and foreign entrepreneurs to engage a professional company incorporation firm like Enterprise Assurance PAC. EAPAC’s goal is to make it easy for company owners and entrepreneurs to register and operate their business in Singapore.
There are many reasons why business owners should incorporate a company in Singapore. Apart from double taxation avoidance agreements which help the country to widen its economic space and build up its reputation as a business hub, entrepreneurs can also benefit from low business costs, easy access to investment, tax exemption schemes and stable rules and regulations in Singapore. Statutory board Accounting and Corporate Regulatory Authority (ACRA) also oversees the entire company incorporation process, eliminating bureaucratic red-tape.