Each year, several thousand foreign companies register in Singapore. From individual entrepreneurs or investors to large corporations, Singapore is one of the premier destinations for company incorporation in Asia. With an amazing infrastructure, excellent business policies, stable economy, low taxation system etc. Singapore attracts companies from all over the world to its shore. While all its policies and regulations are well defined and streamlined including the foreign company registration policies, it makes a lot of sense to work with a Singapore company formation agency due to the following reasons:

1) First of all, foreign company owners do not have a choice on whether to work with an agency or not. As per the laws in Singapore, foreign companies cannot simply self-register in the country. It is mandatory for them to utilize the services of a local incorporation services firm for the company registration procedure. However, as most foreign companies find out, it is actually a blessing in disguise that you have to work with a local agency to get your company incorporated.

2) The best thing about working with an agency is the timelines for company registration. If your documentation and application forms are in place, it will take only about a day or two to get your company registered. Since the incorporation agencies in Singapore know the system in and out, they make sure there is no time lost in unnecessary delays. They know exactly which forms you need to submit, they know what documents you need to provide and what particulars of each company director you need to submit with your application. They make sure the authorities do not get back to the company asking for more information.

3) Most of the company formation agencies in Singapore also help you write your business plan. For foreign entrepreneurs who want to relocate to Singapore under the entrepass scheme, must submit a business plan as well. Working with an agency will help you create a business plan as prescribed by the local authorities in Singapore.

4) An incorporation services firm will also be able to advise you on exactly what kind of foreign company you should register in Singapore depending upon the nature of your business and industry.

5) Few businesses would require an additional license after company incorporation to commence with their business operations. Without obtaining these licenses, you are not allowed to start any business activity in Singapore. Your incorporation services agency will be able to help you in finding out whether you need an additional license and also help acquire the same.

6) If your company needs to bring in staff from overseas once the Singapore Company has been registered, then the company formation agency in Singapore can help each staff member apply for the employment pass. They can also help company owners, directors or shareholders to apply for the entrepreneur pass if required.

7) Incorporation services agencies can also help foreign companies with their ongoing compliance requirements by providing them with company secretary services, nominee director services and a whole lot more.

About the Author
Bryan Wong is a business analyst in the Asia-Pacific region and focuses on Singapore company formation agency and Singapore company formation services.

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