Ensuring There Are No Delays In Your Singapore Company Registration
Before you can go ahead with your Singapore company registration, you need to note that foreign business owners are not allowed to self-register a company in the country. It is mandatory for them to go through an incorporation service provider based in Singapore itself to get their company registered in the country. Having said that, laws for foreign business owners to incorporate a business in Singapore could not be simpler and the entire process can actually be completed within a matter of a day or two. However, foreign entrepreneurs need to ensure that they do everything possible so that there are no unnecessary delays in forming their Singapore Company.
The most common form of delay while registering a company in Singapore is if the concerned authorities feel there is some information missing or if they need to know more about you. Missing information is usually in the form of not submitting a required document. It is absolutely vital that you discuss with your Singapore based incorporation service provider the documents required for the type of company you plan to incorporate in the country. Note that the documents may differ based on whether you are registering a Singapore subsidiary company or want to register a Singapore branch office. Typically you would need to submit all details, address proof and identity proof of each director and shareholder of the proposed new company. You would also require a Memorandum and Articles of Association giving exact details regarding the nature of your business, the company structure etc. It is possible for certain types of companies that they would require special permissions from another government agency in Singapore. If that is the case, you need to obtain all required permissions and then go ahead with company incorporation.
There could also be a delay in the company registration procedure if your chosen name gets rejected by the concerned authorities. Company names can get rejected only if they are already in use or have been trademarked by another company. Of course if your company name is deemed as offensive or vulgar in Singapore then it can get rejected as well. If possible, foreign companies should try and research on the market to check if their proposed name is already in use or is perceived as offensive in Singapore. Once you have all required documents and your company name has also been chosen, simply provide all the information to your incorporation service provider as soon as possible and it would not take more than a day or two after that to get your company incorporated in Singapore.
The most common form of delay while registering a company in Singapore is if the concerned authorities feel there is some information missing or if they need to know more about you. Missing information is usually in the form of not submitting a required document. It is absolutely vital that you discuss with your Singapore based incorporation service provider the documents required for the type of company you plan to incorporate in the country. Note that the documents may differ based on whether you are registering a Singapore subsidiary company or want to register a Singapore branch office. Typically you would need to submit all details, address proof and identity proof of each director and shareholder of the proposed new company. You would also require a Memorandum and Articles of Association giving exact details regarding the nature of your business, the company structure etc. It is possible for certain types of companies that they would require special permissions from another government agency in Singapore. If that is the case, you need to obtain all required permissions and then go ahead with company incorporation.
There could also be a delay in the company registration procedure if your chosen name gets rejected by the concerned authorities. Company names can get rejected only if they are already in use or have been trademarked by another company. Of course if your company name is deemed as offensive or vulgar in Singapore then it can get rejected as well. If possible, foreign companies should try and research on the market to check if their proposed name is already in use or is perceived as offensive in Singapore. Once you have all required documents and your company name has also been chosen, simply provide all the information to your incorporation service provider as soon as possible and it would not take more than a day or two after that to get your company incorporated in Singapore.