Singapore Expats Forum

Singapore Company required, no visa needed

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
RPI
Newbie
Newbie
Posts: 1
Joined: Wed, 23 Feb 2011

Singapore Company required, no visa needed

Postby RPI » Wed, 23 Feb 2011 10:49 pm

Hello all,

Can people advise which is the best consultancy company to incorporate a Singapore company?

I want to set-up a company in Singapore with a GST exemption and I don't need a visa with the company.

The company is for a Pakistani citizen who has significant investments in Pakistan which he now wants to diversify. The company will simply hold cash reserves and invest in shares etc. through this vehicle.

So far from browsing the web I have seen that ., Janus (guidemesingapore) and Healy consultants all offer this service. I'd like to ask if there is any consensus on who is the "best" or if there are any other recommended consultants?

Also, is there generally any difficulties in opening a simple company like this for a Pakistani citizen? He does not have any existing businesses as most of his wealth is inherited (which can be shown) but if there was any detailed business plan required, it might be difficult.

Also, please could you advise which bank account is the best, as I've been hearing that HSBC are not opening accounts for Pakistani citizens at the moment.

Thanks all

RPI

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10413
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Thu, 24 Feb 2011 1:00 am

Who knows which is best? They all charge a lot of money for something that is very simple to do. I could offer you a local CPA that could set you up and manage your books... and...

You will need at least one resident director to be appointed... a Singapore citizen or PR. Accounting companies such as mine can offer you nominee directors, usually at less cost than the ones you mentioned.

You do not need to register for GST unless you have sales that exceed 1 million Sing dollars.

Can't help with the bank... opening an account for a private limited usually only requires a directors resolution and a signature card.

Incorporating here is very easy... and only a few reasons that you would be rejected.

User avatar
BillyB
Manager
Manager
Posts: 1807
Joined: Fri, 23 Jul 2010
Location: My laptop

Postby BillyB » Thu, 24 Feb 2011 10:37 am

I'll tell you one to avoid - AllenBryans. Expensive, useless and a bunch of bullshi**ers!!

User avatar
aster
Manager
Manager
Posts: 1593
Joined: Fri, 15 Jan 2010

Postby aster » Thu, 24 Feb 2011 11:37 am

SE, do you own/run a company that offers corporate services like nominees/address+secretary/books/dir. report/annual filing/etc.?

User avatar
ksl
Governor
Governor
Posts: 6005
Joined: Mon, 19 Jul 2004
Location: Singapore
Contact:

Postby ksl » Thu, 24 Feb 2011 1:30 pm

aster wrote:SE, do you own/run a company that offers corporate services like nominees/address+secretary/books/dir. report/annual filing/etc.?
:) No he doesn't not officially that would be soliciting anyway, though PM him is best, he's many contacts that do.

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10413
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Thu, 24 Feb 2011 1:38 pm

aster wrote:SE, do you own/run a company that offers corporate services like nominees/address+secretary/books/dir. report/annual filing/etc.?


No, I wasn't very clear. I utilize a firm that offers these services, a local CPA.

User avatar
aster
Manager
Manager
Posts: 1593
Joined: Fri, 15 Jan 2010

Postby aster » Thu, 24 Feb 2011 7:17 pm

Tried sending you a PM twice but it's not showing up in my "sentbox" for some reason...

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10413
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Thu, 24 Feb 2011 8:21 pm

They stay in your outbox until I read them. Should be in your sent box now, and you an one in your inbox.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 0 guests