company incorporation singapore

There are certain jobs that you must let the experts handle. There is much to gain from handing over the work to experts outside the company than getting someone to do it in the company. I most cases it works out cheaper to outsource many of the work. It also helps you concentrate on business instead of going after these jobs.  The Necessity for Proper Bookkeeping Read Also: How Do Corporate Consultants Help Entrepreneurs Start a Company Bookkeeping is an essential work for every company. It helps the company to remain compliant with the requirements of ACRA which mandates that every transaction must be recorded and submitted when demanded. Apart from this bookkeeping helps the management to know the performance of the company. They can know exactly where the money comes from and where it goes. As it is a record of all transactions you are able to answer queries from your customers with regard to their dealings with you. Bookkeeping also helps in extracting various piec

You can open different types of companies in Singapore. The private limited company is preferred by most people because of the legal status that it has. As it is a separate legal entity the debts and losses of the company don’t extend to the shareholders’ personal assets. Though there are many formalities for incorporating a private limited company, the benefits make it better to start such a company.  Read Also: Helping Foreign Companies Set Up Their Operations in Singapore The Conditions for Starting a Private Limited Company There are many formalities which need to be fulfilled when starting a private limited company. You have to first register the name of the company. Then you have to submit the documents signed by the directors. A private limited company must have at least one resident director. For setting up a company in Singapore you should have one resident or nominee director. This person should be a resident of Singapore, an employment pass holder