Correct.Sanju wrote:a. An exempt pte. ltd. can be formed by me and a colleague. Both of us are residing in India. Towards this formation, we need 1 local director and 1 local company secretary. They should be citizens or permanent residents.
Correct.b. We also need a local business address, where our business can be registered and mail can be received and forwarded to us in India.
Yes, there are tons of companies that can provide this for you, and most of them charge through the nose. Getting the local secretary and the local address is easy and cheap (a few hundred bucks a year max), but finding the local director -- who has legal and financial responsibility -- may be harder. Drop me a PM for a recommendation (for the company, you're on your own for the local director).Are there companies that provide this service ? Are they reliable ? What are their charges ?
Correct.c. Once the company is registered (the process takes a couple of days), we can open a bank account with a local / foreign bank and the same can be operated remotely from India.
Very little difference between the two, especially if you won't be based in Singapore. UOB has free business Internet banking, but the initial startup bureaucracy is onerous enough that you probably need to be in Singapore to do it -- not 100% sure about this though.What is a better option - a local bank or a foreign bank ? Do both me and my colleague need to be there to open the account ?
You need 5 posts for the PM function to work.Sanju wrote:I am uable to send PM as the feature is not enabled on my profile. What is the alternate way to contact the moderator (jpatokal) ?
Users browsing this forum: No registered users and 5 guests