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Many local as well as foreign business owners are opting for Singapore company registration and there are several reasons too. There are several benefits a business owner can gain with Singapore company formation. Several tax benefits, bankruptcy protection and limited liability to business related debts that are offered by the business infrastructure in Singapore. Though there are many benefits of Singapore company registration but certain legalities or formalities are associated with the process too. These legalities have been placed to stop financial abuses by the management, tax evasions and other illegal dealings.


Below are some legal formalities that a business owner must perform when heshe is looking for Singapore company registration:


鈥?Appointment of at least one local resident director: Though there are no limits on the number of directors a business in Singapore can have Pacers City Edition Jerseys , but it is necessary that the company has a local resident or a holder of Singapore Employment Pass, Singapore Dependant Pass or Singapore EntrePass in their directors panel.


鈥?Appointment of a Qualified Company Secretary: In order to get Singapore company registration the company shareholders should appoint a qualified company secretary within six months. The secretary should be a local resident of Singapore. Appointed secretary should have professional knowledge in the compliance related matters. All these regulations are stated in the Singapore Companies Act.


鈥?Submission of financial year-end documents: Most Singapore business formation services providers will tell you that the year-end financial documents are crucial. They form a basis for deadline of submission such as financial statements and accounting documents.


鈥?Submission of Directors鈥?Report: This report would consist of shareholders鈥?and directors鈥?interests and accounts. Other features of the report would be accounting policies in place at the company, disclosure of company鈥檚 operations and other financial statements including balance sheet Cheap Pacers Jerseys , income statement, etc.


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