The idea of company formation in Singapore is one opportunity which local as well as foreign investors regard as something worthy of serious consideration. With this in mind, one can conclude that this is one of the main reasons why an increasing number of business-minded folks invest here. So if you're interested to trace the path paved by those investors who came before you, then these few but practical information we are going to discuss might help you along the way.
Any article that talks about singapore company registration will mention about the national regulator of business entities and public accountants which is more popularly known as the ACRA. It actually stands for Accounting and Corporate Regulatory Authority. Also, there's the Registrar of Companies to which applicants submit the required Articles of Association. The Registrar of Companies also has a power to deny an application for grounds including but not limited to the suspicion of a threat to national security, detrimental to the people's welfare and other things which are deemed illegal in nature.
Just as the ease of application for registration of a business in this city-state has gained positive feedbacks from successful applicants, it's important to never forget that a denial of an application is a similarly real fact. So if you register company in Singapore but your application was unfortunately denied, know that it is possible to file an appeal to the Minister of Finance. You just need to make sure that you'll take such measure anytime within the period of 30 days following the denial of your application by the Register of Companies.
If there's no sufficient evidence that your business objectives will put the city-state, the government and people in harm's way, then there is a good reason to hope that your appeal will produce results in your favour. When that happens, you can already start working on running a company that drives success and profits thanks in part to its positive image being situated in one of the region's fast progressing business hubs. It will similarly do a lot to your company that the international business players recognise the positive perceptions about Singapore as a business-friendly location in most respects that matter.
So we advise you to make the most out of this rewarding and exciting opportunity from the moment it was given to you. Keep in mind that in business, time is of the essence. But just as you enjoy the benefits which come with this opportunity, prepare to face the challenges which will certainly confront you along the way too. The business scene in Singapore is competitive to say the least. That said, it gives the players a great learning experience at the same time as it brings tough tests designed to bring the best of the rest.
Any article that talks about singapore company registration will mention about the national regulator of business entities and public accountants which is more popularly known as the ACRA. It actually stands for Accounting and Corporate Regulatory Authority. Also, there's the Registrar of Companies to which applicants submit the required Articles of Association. The Registrar of Companies also has a power to deny an application for grounds including but not limited to the suspicion of a threat to national security, detrimental to the people's welfare and other things which are deemed illegal in nature.
Just as the ease of application for registration of a business in this city-state has gained positive feedbacks from successful applicants, it's important to never forget that a denial of an application is a similarly real fact. So if you register company in Singapore but your application was unfortunately denied, know that it is possible to file an appeal to the Minister of Finance. You just need to make sure that you'll take such measure anytime within the period of 30 days following the denial of your application by the Register of Companies.
If there's no sufficient evidence that your business objectives will put the city-state, the government and people in harm's way, then there is a good reason to hope that your appeal will produce results in your favour. When that happens, you can already start working on running a company that drives success and profits thanks in part to its positive image being situated in one of the region's fast progressing business hubs. It will similarly do a lot to your company that the international business players recognise the positive perceptions about Singapore as a business-friendly location in most respects that matter.
So we advise you to make the most out of this rewarding and exciting opportunity from the moment it was given to you. Keep in mind that in business, time is of the essence. But just as you enjoy the benefits which come with this opportunity, prepare to face the challenges which will certainly confront you along the way too. The business scene in Singapore is competitive to say the least. That said, it gives the players a great learning experience at the same time as it brings tough tests designed to bring the best of the rest.
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