The EMI (electronic money institution) or PSP (payment services provider) license is required when setting up a company in Singapore that operates in the financial sector. Considering the requirements to meet when applying for such a business permit, foreign investors can rely on our local specialists for support during the…
Foreign companies doing business in Singapore are required to appoint fiscal representatives for GST purposes. Also known as tax agents, they are usually accountants or other specialists who can assist in GST compliance matters. Below, our specialists in setting up companies in Singapore explain what a fiscal representative does and…
A Singapore company limited by guarantee (CLG) is an enterprise used to carry out non-profit activities. Even so, it falls under the provisions of the Company Act, which means it is a corporate entity that must go through registration as any other type of domestic business. Below, our experts in…
Social enterprises and B corporations in Singapore are the main types of legal entities that can be created for undertaking activities that focus on social and environmental welfare. Each business form has its own setup requirements as they are governed by different organizational bodies. As such, if you are interested…
Are you thinking about starting your own business in Singapore? The first thing you should know is that you will need the services of a professional or a local firm to handle the registration procedure. At OpenCompanySingapore.com, we can answer any question you might have about starting a business, but…
Foreign investors wanting to open a company in a country have many questions before starting the whole process and Singapore is no exception. In most cases it is best to first verify with company formation agents in Singapore before starting the incorporation procedure in order to save time. Below you…
Recruitment activities are regulated by the Singapore Employment Agency Act and can be completed by companies that need to respect various requirements. Among these, the recruitment agency must obtain certain business licenses with the Ministry of Manpower in Singapore. Below, you can find out how to open a recruitment agency…
The first step to take when establishing a trading company in Singapore is to register the company with the Trade Register. In case you are considering opening an LLC, you should visit this article about the process of setting up a private limited company in Singapore. The second step will…
The sole proprietorship or sole trader is the simplest form of doing businessin Singapore. The Singapore sole proprietorship is suitable for small businesses carried out by one owner. It is also important for citizens or holders of a Singapore residence permit to have enough money before going forward with the registration as a sole trader.…
Foreign investors have several possibilities for registering companies in Singapore. Among these, they can set up subsidiaries, branch offices, or representative offices. A subsidiary is usually registered as a private limited liability in Singapore with a foreign company as a shareholder. For many small and medium-size foreign companies, the subsidiary…
