When you incorporate a company in Singapore, you have to comply with the statutory requirements stipulated in the Singapore Companies Act, and to submit annual filing requirements to Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS).

Before you set up your company, it is vital to make sure the success of your business venture with a right business concept and a demand for your products or services. However, depending on the natures of businesses you conduct, your choice of a business type will also be important for your business operations to function properly. There are several points to consider when choosing the right business type to meet your needs:

• How much capital are you prepared to inject?
• How many partners/shareholders will there be in the business?
• What are the liabilities and responsibilities you have to undertake?
• What are the risks you are prepared to take?
• What advantages and disadvantages of the different business types are?
• Is the business type chosen easy to close?

Make an appointment with us to find out more information and how we can assist you in making a well-informed decision on the business structure that you would like to start with.