Large business setup in Singapore
Starting a large company requires thorough preparation and effort, especially when dealing with the specific challenges and considerations of launching a corporation. We will explore the benefits of establishing a big company in Singapore and how our tailored solutions can help you succeed.
The process of setting up a large business
Setting up a large enterprise in Singapore is similar to establishing a small or medium-sized business, but it usually takes more time and resources due to its scale and complexity. The process includes the following steps:
Choose a business name
The name of the business must be original and not currently being used. You can verify the availability of a name by visiting the website of the Singapore Trade Registry.
Select legal entity type
Choosing the right legal framework is crucial for the prosperity of your sizable company. We offer expert advice on Private Limited Company (Pte. Ltd.), Public Company Limited by Shares (Ltd.), Branch Office, and Holding Company to assist you in making a sound decision that fits your individual needs and long-term goals.
Set up legal address
It is crucial to have a valid legal address when launching a business because it acts as the primary point of contact for government agencies, legal entities, and important business communications. Selecting a legal address that complies with local regulations and aligns with your business needs is imperative.
Get the necessary paperwork ready
Our team of experts is available to assist you in developing detailed and tailored documentation that aligns with your company’s structure and objectives. We assure compliance with all legal requirements and will manage the filing process on your behalf.
Open a bank account
We will help you every step of the way when opening a bank account, making sure that the company follows the rules and selecting a trustworthy financial institution in Singapore.
Company registration
We will take care of the registration process with authorities such as the Trade and Companies Register and tax authorities, saving you from the administrative hassle. This ensures that your business is recognized and compliant from the very beginning.
Setup accounting
In order to successfully start a big company, it is crucial to keep precise financial records. Our group of accounting professionals can assist in setting up efficient accounting and bookkeeping procedures that adhere to Singapore’s laws.
Large business examples
Large-sized enterprises function in various industries and sectors, each having unique requirements. The following are a few examples of large-sized companies:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Singapore
Singapore is an attractive option for establishing large businesses due to its numerous benefits.
Strategic location
Singapore has a solid reputation as a financial center with global trade prospects and a favorable business environment for companies in finance, trade, and technology. Due to its prime location, modern infrastructure, and strict adherence to laws, Singapore offers various benefits for businesses aiming to access the Asian market.
Favorable tax regime
Singapore has an unchanging corporate income tax rate of 17%. To entice businesses, especially those involved in research and development, the country provides numerous tax incentives and deductions. Singapore is a prominent financial and trade center in Southeast Asia.
Banking
Singapore’s established financial center offers global financial services, wealth management opportunities, and the chance to invest in a business-friendly and technologically advanced setting.
Our Large business setup solutions
We understand the value of your time and resources. Therefore, we offer two convenient choices to streamline the process of setting up a company.
Business formation online
By utilizing the online platform offered by Singapore, individuals can start and finalize the procedure of setting up a business from any location globally. The capability to track progress, submit necessary paperwork, and access our services through secure digital channels guarantees a seamless and convenient process.
Business formation remotely
If you like a more hands-off approach, we are able to manage all the paperwork for you. Our team of experts will handle all the necessary formalities, complete the required paperwork, and communicate with the relevant authorities on your behalf in order to provide you with peace of mind.
Contact us
Get in touch today to schedule a consultation and begin pursuing your business goals. We can take that initial step together.