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Is it harder to setup a biz in Singapore?

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
Cheng

Is it harder to setup a biz in Singapore?

Postby Cheng » Fri, 22 Jul 2005 12:13 pm

This is so frustrating! So many rules and restraints!

Financial support is restricted to the fact that it's 100% own by foreigner. Must I really have a Singaporean partner that holds at least 30% shares?
to get things running?

Would appreciate if there's other have ways to go around dealing with this issue.

Have a nice day!

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bizcatalyst
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Postby bizcatalyst » Fri, 22 Jul 2005 6:54 pm

No. You do not need 30% holding from a local resident. However, you need a local resident director to operate a private limited company. If you want to know more about starting a company, email to junior@bizcatalyst.net
Cheers
Bizcatalyst

Everyone has taken position, ready to commence business as Unusual ............and all pigs are fed, ready to fly.

Guest

Postby Guest » Fri, 22 Jul 2005 11:59 pm

Are you kidding me? This is one of the easiest place to "START" a biz, sustaining it of course is another issue.

www.business.gov.sg

JayV
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Postby JayV » Sat, 23 Jul 2005 9:35 am

Anonymous wrote:Are you kidding me? This is one of the easiest place to "START" a business, sustaining it of course is another issue.

www.business.gov.sg


You are right. Starting up a business is easy in Singapore. You can do most if not all the initial applications online. There is not really too much red tape from the authorities and you should be all set in a week's time. After that it is up to you how successfully you run the business.

Guest

Postby Guest » Sat, 23 Jul 2005 3:11 pm

Is it possible to register your business being on DP and will you be allowed to hire staff?

Thank you

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Oriental
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Postby Oriental » Thu, 28 Jul 2005 6:37 am

You could try getting a nominee director. And with you as non-resident director you will be in full control with all aspects of the company.
Impossible is nothing!


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