One of the first benefits of starting a new company in Singapore is the modern infrastructure. Instead of office after office of bureaucratic paperwork and approvals, people are pleasantly surprised to find out how easy and quick the process takes place.

The registration of companies in Singapore is digital with the latest data processing systems set up to speed the process through. The result of all this preparation is processing of a new company registration in just a couple of business days. This is the norm for most company registrations.

There are two things to process, which the local company you select to do the paperwork will have to acquire. The first is approval of the company name. The second is completing the application for company registration. Typically, these will both started and completed easily in one business day.

Process Number One: Company Name Review and Approval

Before a new business entity may be registered, the name for the company must be vetted by the Company Registrar office. The registrar’s office primarily runs a digital check to make sure the requested name is not already registered. For generic names, the process is done in minutes. For international names of financial institutions or other high profile names there might be a special review needed. This can take much longer.

When selecting a name, you may be bound by the type of company you are registering. That may dictate use of the parent company name. If this is not the case, try to make sure the name is unique and related to your expected business activities. Make sure there are no similarities to trademarked companies or logos. The name should also be free of vulgarity and is not in any way improper in word or meaning.

When the company processing your paper work gets the name approval it is reserved for two months, protecting it from use buy other applicants. If there are delays in other processing for your new business, you may request an extension for a similar length of time.

Process Number Two

Once your new company name has been reserved, the company you selected to do the paperwork processing will file the other papers for company formation as the type of business entity you have chosen. If you work closely with the local company and assist to have all relevant and required documents signed by company officials the office of Company Registration can be completed with its review in less than one day.

You should check with your local processing company about what type of matters have caused delays in company registration approval in the past. For example, there have been certain directorships not approved due to the nationality of the proposed director. This is usually just a matter of needing additional information. Never the less if you discuss these things with your local processing company in advance it can be helpful.

The local processing company will advise in advance of the amount and method of preferred payment for the company registration depending on the type of business entity that is registered.

Upon the government approval, emails are sent to your company and the local company. That notification stands as an official certificate of registration until a hard copy is obtained.

Larry Lim is a business writer for offshore company formation and registration for Company Registration Singapore.

Larry Lim is a business writer for offshore company formation and registration for Company Registration Singapore (http://www.bizcorp.com.sg)

Author Bio: Larry Lim is a business writer for offshore company formation and registration for Company Registration Singapore.

Category: Business
Keywords: business, singapore, company registration, company formation, company incorporation,