-- There are clear guidelines for company registration in Singapore, according to Corporate Services Singapore and other corporate service providers that support such initiatives.
This is in response to an incident when a man reported that his personal particulars, including his NRIC number, were used to register four companies through corporate service providers (CSPs). It highlights the critical role of CSPs as middlemen in the process of setting up businesses in Singapore.
Recognised for its reliability as a filing agent and business service provider, Corporate Services Singapore has stringent procedures in place to verify clients’ information and conduct checks to prevent money laundering and financing terrorism.
Before foreigners can register a company here, they must engage a registered filing agent and identify at least one Singaporean director. Corporate Services Singapore (filing agent number: FA20122886) offers various packages for company incorporation, with fees amounting to SGD 1,400 for foreign companies (see the breakdown of fees here) to ensure that their company fully complies with local regulations.
Its continuing commitment to following the guidelines provided by the Accounting and Corporate Regulatory (ACRA) will earn the trust of many business-minded individuals locally and abroad. The firm guarantees that it verifies the full name and identification details of these individuals before getting their companies incorporated.
Even after the termination of a business relationship with a client, the company keeps their detailed records for at least five years in full compliance with ACRA’s requirements. Corporate Services Singapore also welcomes the recently approved Corporate Service Providers Bill which was proposed to set steeper financial penalties for service providers that do not comply with their AML obligations.
Besides helping clients register their companies in Singapore, Corporate Services Singapore offers other services like accounting, payroll and tax filing assistance. Through these services, they achieve their mission of supporting clients all throughout the lifecycle of their business.
As the regulatory landscape evolves, Corporate Services Singapore remains committed to balancing efficient and honest service with rigorous compliance checks. The firm believes that this proactive approach will continue to support Singapore’s reputation as a trusted business hub.
About Us: For additional information regarding the company’s bundled services and add-ons like bank account opening assistance, you may visit their website at https://www.corporateservicessingapore.com/ or send a WhatsApp message at +65 8838 2225.
Contact Info:
Name: Hans Teo
Email: Send Email
Organization: Corporate Services Singapore
Website: https://www.corporateservicessingapore.com/
Release ID: 89136178
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