How To Setup a Singapore Company

Singapore is progressively becoming a lucrative market for foreign businesses. It is quite easy to set up a Singapore offshore company, or an offshore company in other jurisdictions, provided the rules and regulations of that country are properly followed. Setting up a Singapore company is comparatively easy; without too many hassles, due to the investor-friendly legislation of Singapore government. Still, some of the basic rules that apply to setting up of an offshore company are valid for Singapore. The most important among them are compliance with the Anti Money Laundering legislation and the laws enforced to prevent terrorism. For these purposes, all the new business entities desiring to establish a company in Singapore or elsewhere have to provide three main particulars. They are clear proof of identity of the company, its directors and other shareholders, verifiable proof of present registered address of the company and the residential addresses of the directors and the main reason, known as 'reason d'etre', for establishing the company in Singapore.