When you are forming a company in Singapore it is very important that you determine the kind of legal form that you will choose for the same. In fact, this is the most important thing that needs to be decided. The kind of legal form that you choose for your company will decide the kind of personal risk and business risks that you face while you run your company in Singapore. It will also decide the kind of returns that you will get from your business in Singapore. There are some other vital issues that have to be considered when you attempt to form a company here in this Southeast Asian country.
Singapore company registration is one such aspect. You would have to think of the ease with which you will be able to form a legal entity over here. Asset liability is also a major issue in this regard. You would also need to take into account the rate at which your business assets will appreciate for a certain legal form, as well as the tax obligations that you will be subjected to. When you have given all these factors careful consideration you should determine the legal form that your company will become.
It is also important that you get legal advice from your lawyer before you actually decide the kind of company that you would want to form over here. One thing is for sure – know each and everything that is there to know before you decide the kind of company that you want to form. Most of the business organizations in Singapore operate in the forms of companies, partnerships, and solo proprietorship. If you want to register your business as a company it needs to be done as per the Singapore Companies Act. It will be regarded as an independent legal entity.