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Nov 21, 2013 - Startup Biz    Comments Off on Can You Register a Company in Singapore Online?

Can You Register a Company in Singapore Online?

The advent of the world wide web has made it a much more reasonable prospect to start a business in a foreign country. There can be a number of advantages to doing this owing to differences in regulation in other countries as well as proximity to the intended clientele. Naturally, this has spawned a number of questions about where you can and cannot start a business online. Not all nations permit foreigners to start businesses at all, not all nations permit businesses to be started from overseas, and in general, no two countries will display the same set of rules and regulations. This article will concern Singapore.

There are many reasons one might want to register a company in Singapore online. The good news is that this is an entirely reasonable possibility. Singapore has very permissible regulations regarding this, and the process is fairly simple. However, as with any decision regarding a new business, it’s important to do your research and know the process and caveats before you commit to any steps.

The first thing to be aware of is that the rules are different for citizens of Singapore and its permanent residents. The requirements are stricter if you fall into either of these categories. As of 1994, self-employed individuals are required to pay into Medisave. Medisave is a central bank account that can be paid into and subsequently accessed to help pay for medical expenses. Individuals that are not self-employed most frequently have pay deferred to this automatically. Self-employed individuals must pay into it if they earn more than $6000 a year. Individuals that are citizens of Singapore or permanent residents must make sure their contributions to this account are caught up before they apply for a new company. If they do not, their application will be denied.

 

Singapore Infographic

 

If the individual is not a citizen or permanent resident, or they are and their account is caught up, starting a company online is simple. First, the appropriate forms must be filled out through an online service. This is a fairly simple process that can be executed online from one’s home or one’s office; it’s nothing more than a basic form. After that, it’s necessary to utilize a professional filing service. Professional filing services are equipped to interface with the government of Singapore to establish a business for you. The filing fees are very low: just $15 for name approval and $50 for business registration. This makes it an even more attractive proposition for those that may need to start more than one business.

Summarily, it is very possible to start a business online, and Singapore is no exception. The rules are simple even for individuals that have never set foot in Singapore before. All it takes is a few moderate fees and simple forms, all of which can be managed online. The most difficult elements will be handled by a filing company, who will also serve as your liaison. It’s a simple process, and the rewards are plentiful. While you should always be diligent, it pays to be bold.

 

Oct 8, 2013 - Business, Marketing & Advertising, Startup Biz    Comments Off on Why Choose a Facebook Shop Over an E-commerce Site?

Why Choose a Facebook Shop Over an E-commerce Site?

facebook shopMany companies have found that the Internet provides a lot of great ways to sell their products. It allows these companies to expand their reach all over the country. Some even sell their products all over the world this way. If a company wants to sell online, the first step is to choose the best marketing platform.

An eCommerce website is the most popular choice. Companies can choose to set up their own branded website to use as a sales platform. Other companies may simply use a large eCommerce site like Amazon or eBay. Of course, lots of businesses use their own site and major eCommerce sites to sell products. Some of these companies also have local stores.

 

There May be a Better Marketing Platform for Selling Products Online

Facebook is a giant social networking site. There are lots of advantages to using Facebook to market products. Take a moment to review its benefits.

  • Social media generally has a good return on investment.
  • Social networking can help spread brand awareness and engagement.
  • Social networks can be integrated with eCommerce platforms.

 

Companies can integrate Facebook with their existing sites. But it might simply be better to start at the source. Businesses can use Facebook stores in order to sell products. Social networking is already integrated because Facebook is the largest social networking sites. Furthermore, companies like INSTAPPS can provide a set of tools that make it very simple for small or large business owners to set up their Facebook stores quickly and efficiently.

 

Instapps offers mobile and social commerce solutions all in one

Instapps offers mobile and social commerce solutions all in one

Marketing Advantages of Facebook Stores

A business can start attracting attention from the first day. This is because the Facebook store administrators can simply invite in their own existing social network members. This might include personal friends or people who already said they liked a fan page.

Hopefully, some members of these existing social networks will be happy to pass the word on. This is as simple for the network members as clicking the Like, Share, or Comment buttons. This is the kind of instant exposure that money just cannot buy. Well, maybe money can buy this kind of exposure, but it is very expensive.

Facebook already has millions of active members. It also has the tools for comments, customer reviews, and other forms of customer engagement already built into the system. Facebook advertising is also integrated into the system. Companies can encourage sharing and engagement by posting attention-grabbing stories or offering promo codes and discounts.

Businesses who are considering an eCommerce solution should definitely consider using Facebook stores. Of course, this solution can be used even if a company already has a traditional eCommerce site or a local store.

 

Mar 2, 2013 - Startup Biz    Comments Off on Employ A Registration Specialist For Singapore Companies

Employ A Registration Specialist For Singapore Companies

Business registration is very important in Singapore. There are many reasons why a business must be registered. It makes it legal, and it also allows for various provisions that are necessary in order to conduct business in the area. The company incorporation can be confusing for some business owners. If they are having a problem with the specifics of the business registration process, they can get the help of the professionals in the area.

A company secretary comes in very handy for many Singapore companies. They are able to do things much easier because they are trained to do so. They can really streamline the duties that are necessary in a company so that business can be conducted on a more timely basis. Many companies find that this is an extreme benefit to them, and they use them at other times also.

When a business employs a company secretary, they will see a huge difference in their everyday workload. Since this type of employee completes the necessary paperwork, the other workers are free to complete other duties as needed.

Registering a business in Singapore is important. It must be done so many businesses decide to hire outside help to assist them. It makes sense to them because it is completed correctly and in a timely fashion. Theses types of specialists know exactly what needs to be done with all the paperwork. When they are employed, business can be conducted quicker because they know how to streamline the processes that need to be completed.

Using a Singapore business registration specialist will help a company achieve the desired results they are looking for. For their registration needs, they should contact http://www.bizcorp.com.sg to have their request processed as soon as possible. Having access to such assistance has given a lot of companies in Singapore a better standing than others in the area.

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Feb 20, 2013 - Business, Startup Biz    Comments Off on Easy Singapore Business Registration With Bizcorp

Easy Singapore Business Registration With Bizcorp

A lot of people want to form their corporations in tax friendly areas. One area of the world that is friendly to business owners is Singapore. Anyone wanting to start a business should seriously consider Singapore incorporation. Here are four benefits to incorporating a business in Singapore.

For one, Singapore is a stable country. In fact, it is the most politically stable country in Asia. It is essential to incorporate a business in a politically stable region. By incorporating in a stable country, a business owner can avoid a lot of the problems that come with running a business in an unstable area. In reality, a business owner must start their business in a country that offers stability.

A smart business owner knows that tax rates can hurt a business. Luckily, Singapore tax rates are among the lowest in the developed world. The corporate tax rates in Singapore are around eight percent, then go up to a flat rate of 17 percent for income above $300 thousand a year. Not only that, there are no taxes on dividends or capital gains in the country of Singapore. In reality, the taxes are extremely low for such a stable country, and taxes must be taken into consideration when starting a business.

The location of a business is vital. Centrally located and close to all of the key Asian markets, Singapore is a perfect place to start a business. This means, a business in Singapore will have access to the Asian continent while still not being too far from other vital regions.

It is crucial for a business owner to have access to skilled workers. Company registration and formation in Singapore is necessary for one reason; Singapore has a well-qualified work force who can provide valuable labor to a business owner. Also Read 5 Steps to Overcoming Challenges of Starting a New Business.

Anyone wanting to start a business should consider Singapore. Luckily, it is not difficult to incorporate a business in Singapore. There are a lot of companies such as http://www.bizcorp.com.sg that can help anyone get the process started. In reality, when a business owner incorporates in a business friendly region, they will make more money and have an easier time running their business.

Bizcorp.com.sg Company Registration

Bizcorp.com.sg Company Registration