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The Accounting & Corporate Regulatory Authority (ACRA) is the Company Registrar and governs the process to incorporate a company in Singapore. It is as per the Companies Act, 1967. Singapore is a prime location in the Asia Pacific for conducting business, offering solid trademark IP protection, an attractive corporate tax framework, superb connectivity, a strategic geographical position close to major emerging markets, and extensive trade agreements with over 100 regions worldwide. Due to these exceptional achievements, Singapore is the perfect place to establish a new company, open a subsidiary, or set up a branch or representative office in Asia. Key Requirements to Register a Company in Singapore You need: Minimum paid-up capital of $1 At least one shareholder At least one local or resident director At least one company secretary Registered local address Nominee Director Service in Singapore All Singapore companies are required to have at least one individual director who is an ordinarily resident of Singapore. It is common for foreigners to set up a company in Singapore with a nominee director acting as the local director. Responsibilities are quite burdensome for all directors, including the nominee director. The nominee director would end up having to pay for company charges including liquidation charges in case the foreign director or the foreign client is no longer reachable. The roles and responsibilities of a nominee director in Singapore typically include: Meeting legal requirements:The primary responsibility of a nominee director is to fulfill legal requirements stipulated by the Companies Act of Singapore, which mandates at least one resident director for all companies registered in Singapore. Compliance:Ensuring compliance with all relevant laws, regulations, and corporate governance standards applicable in Singapore, including filing of annual returns, maintaining statutory registers, and adherence to tax obligations. Fiduciary responsibility:The nominee director represents another person or entity on the company’s board, ensuring that the appointing party’s interests are upheld within the legal framework of Singapore.The person is also required to maintain confidentiality regarding company matters and sensitive information, ensuring that the appointing party’s interests are protected at all times. Nominee Shareholder Service in Singapore A nominee shareholder is an individual or entity that holds shares on behalf of anotherperson or entity, commonly knows as the nominator. The nominee shareholder’s name appear on the company’s registers, while the nominator retaqin the actual ownership and control of the shares. The purpose of using nominee shareholder is often to maintain anonymity. Benefits of Singapore company registration Registering a Singaporean company offers various benefits, including skilled labour availability, ease of starting and managing a business, ideal location, political stability, low tax rates with incentives and treaties, access to funding capital, and robust intellectual property protection. Availability of skilled labour: Singapore citizens are highly skilled and diverse. This multilingual workforce, proficient in English, Mandarin, Malay, and Tamil, helps make Singapore an excellent hub for businesses targeting diverse markets. The labour market’s flexibility allows businesses to readily adapt to changing conditions and workforce demands. Low tax rates, incentives and treaties:An enticing system of commercial services tax rates worldwide, with a company tax rate of 17%, roughly equal to India’s corporate tax rate. The Singaporean government also exempts start-ups from paying taxes while offering various tax incentives. Moreover, they have an extensive network of Double Tax Deductions for Internationalisation (DTDI) treaties with many countries, including India, that qualify for tax breaks. Easier to start and manage a business: Singapore has consistently marketed its ease of doing business with the straightforward registration process. The government also provides various online tools and services to facilitate company incorporation, such as ACRA’s BizFile+and various business grants that help SMEs. Ideal location: Singapore is strategically located in the heart of Southeast Asia, offering access to a vast market of over 650 million people. Political stability and business-friendly policies: Singapore government has a stable political environment and a pro-business government. It has consistently ranked high in global indices for ease of doing business, economic freedom, and investor protection. Access to Funding and Capital: Singapore’s financial sector is strong and offers a variety of banking and financial services. For companies wishing to expand or make investments in the area, it provides access to funding sources such as venture capital, private equity, and others. Intellectual Property Protection: Provides a safe environment for protecting copyrights, patents, and trademarks, which is essential for companies offering new goods or services.

Excelling in Client Relations Careers in Client Servicing and Account Management” – Learn about the crucial role of client relations and account management at RM Global Consultants, and how professionals in these roles contribute to building strong, long-lasting client partnerships. In today’s highly competitive business landscape, establishing and maintaining strong client relationships is crucial for long-term success. Building rapport, trust, and understanding with your clients can lead to increased loyalty, repeat business, and valuable referrals. In this blog post, we will explore effective strategies to excel in client relations and foster enduring partnerships. Effective communication forms the foundation of any successful client relationship. Regular and transparent communication helps to build trust and ensures that both parties are on the same page. To excel in client relations, it’s essential to understand your clients’ unique needs, challenges, and objectives. By doing so, you can tailor your products, services, and solutions to address their specific requirements.

NOMINEE DIRECTORS / SHAREHOLDERS Enhancing Corporate Structure with Nominee Directors and Shareholders Nominee directors and shareholders play a significant role in the corporate structure of a business. A nominee director is an individual or entity appointed to act as a director on behalf of another party, while a nominee shareholder holds shares in a company on behalf of another beneficial owner. These appointments offer a range of benefits to businesses, including enhanced privacy, asset protection, and operational efficiency. One of the primary advantages of appointing nominee directors and shareholders is the preservation of privacy. By using nominees, businesses can keep the identities of the actual owners confidential, protecting their personal information from public scrutiny. This can be particularly valuable for high-profile individuals, entrepreneurs, or businesses operating in sensitive industries. Furthermore, nominee directors and shareholders can facilitate smoother business operations by providing professional expertise and guidance. They can leverage their experience and knowledge to fulfill legal and regulatory obligations, ensuring compliance with local laws and regulations. This allows businesses to focus on their core competencies while entrusting administrative and governance matters to reliable third parties. RM Global Consultants specializes in assisting businesses in the appointment of nominee directors and shareholders. Our experienced professionals understand the intricacies of corporate governance and regulatory compliance. We work closely with clients to identify their specific requirements and recommend suitable nominees who possess the necessary expertise and credibility.

IMPORT AND EXPORT LICENSE Facilitating International Trade with Import and Export License Services Import and export licenses are essential for businesses involved in cross-border trade activities. These licenses serve as official authorizations from relevant government authorities, allowing businesses to import goods into a country or export goods to foreign markets. The licenses ensure compliance with regulatory requirements, such as customs procedures, import duties, quotas, and trade restrictions. RM Global Consultants specializes in guiding businesses through the process of obtaining import and export licenses. Our experts possess extensive knowledge of international trade regulations and collaborate closely with clients to understand their specific needs and requirements. We assist businesses in preparing the necessary documentation, completing application forms, and liaising with the relevant government authorities. Our team ensures that businesses meet all the regulatory criteria and comply with import and export regulations. By leveraging our expertise, businesses can navigate complex trade regulations more efficiently, avoid delays or penalties, and streamline their import and export operat

Acquisition of Shelf Company/Offshore Company Streamlining Business Setup with Acquisition of Shelf Company/Offshore Company Acquiring a shelf company or offshore company provides businesses with several advantages. A shelf company refers to a ready-made company that has been previously incorporated but has remained dormant without engaging in any business activities. On the other hand, an offshore company is registered in a jurisdiction with favorable tax and regulatory environments. By acquiring a shelf company, businesses can benefit from a pre-established legal entity with an existing corporate structure, registered address, and company name. This allows for faster market entry, as the administrative and bureaucratic processes are already completed. Additionally, shelf companies often have a longer incorporation history, which can enhance credibility and facilitate business relationships. Offshore companies offer businesses the opportunity to optimize their tax planning, asset protection, and confidentiality. These companies are typically registered in jurisdictions with low or no corporate taxes and offer legal frameworks that promote privacy and financial flexibility. Acquiring an offshore company can provide businesses with international presence and access to global markets. At RM Global Consultants, we assist businesses throughout the entire acquisition process. Our experts conduct due diligence to ensure the viability and compliance of the target company. We facilitate the legal transfer of ownership, handle the necessary documentation, and provide guidance on post-acquisition activities.