Yes, setting up a business in Singapore is very easy. If you are a Singaporean, all you need to have is a Singpass (sort of like a ID for all government services) and an Internet access to setup a business. Well, of course, you need a credit card or a cash card and reader to pay for the business incorporation. But it’s very simple. Just login to the BizFile and start filling some information on your new business and whether it is a sole proprietor or partnership and you are done. It takes like 15 minutes and S$65. I never expected it to be so easy. In just under 15 minutes and with all the necessary information, you will have setup your brand new business. Well, Singapore is like that. They make it very easy to do business in Singapore.

However, if you are planning to setup a company like a Private Limited Company, you would very likely need the services of a Corporate Secretary unless you go and hire one yourself. Most company don’t since the services of a Corporate Secretary is very limited, thus most companies would hire the services of a professional business incoporation company. What they do is do all the paperwork for you, provide you with the Corporate Secretary service and advice you on company matters. Some even provide bookkeeping services for a fee Most of these companies do everything like auditing, consultancy, corporate secretarial services, company registration, assistance in getting employment pass, foreigner workers, lodging and many more. They do make life easier for small companies and at a very low cost. In fact, even big companies outsource these services to these companies to help them on corporate consultancy and guide them  through Singapore’s statutory obligation and compliance matters. I think for a basic package (which includes corporate secretarial services, company registration, bookkeeping, auditing and so on) it cost about S$2000 for the first year. I think it’s quite reasonable considering what it cost in other countries to setup a company.

So if you are planning to setup a company, please take a look at Singapore Business /Company Incorporation Listings. Hope that they will help you in finding a suitable corporate secretary for your company. And of course, good luck to your new business!