Singapore Company Incorporation: Bootstrap or VC Funding?

You are interested in Singapore company incorporation, and you want to bootstrap your business like the yesterday’s entrepreneurs did. Yes, it was a time when entrepreneurs used to identify a problem and come up with a solution for it.

Nowadays, the startups have swamped the business world. These entities work differently than the old ones. They go from a funding round to another to raise capital from Venture Capitalists (VC). Most of them, especially those in the e-commerce or the online selling, are more focused on capturing the market share than solving a problem or making a profit. There are a few notable exceptions. However, a new Singapore business incorporation isn’t the same for the old-timers.

Is Singapore the Right Choice?

Your choice of location for starting your new business is not bad at all. After all, Singapore is a favored destination by the entrepreneurs for its lower tax rates. It also straddles one of the main sea routes between the East and West and works fine as an Entrepot. It is a great market to establish a regional office in for Southeast Asia. And it is within the flying distance from the regional markets in Asia. By all standards, it is the right to register a company in Singapore & incorporate it.

Key Tips for Bootstrapping Your Business

There was the time when the only way left to entrepreneurs was to bootstrap their business. The thinking was that you need capital only to expand your business or extend the products line. With the arrival of venture capitalists, a lot has changed. However, the entrepreneurs have not stopped preferring Singapore company incorporation. Whether it is bootstrapped or backed by VCs, it is a great thing to implement your business idea and business plan.

Identify a Problem

The heart of the matter is that the bootstrapping your Singapore business incorporation is not for all. As discussed it is not all about running after funding, but, finding a solution to a problem that people would buy from you. And, it is tough.

Alternatively, you can take up an existing solution and try to improve it cost-wise or quality-wise. There is always scope to add value to existing products and services, increase their availability and bring to the masses. 

Know about Your Competitors

You need to be aware of the competition and the struggle to stay afloat and kicking in your business niche. In fact, you should start working on collecting the information even before opting to incorporate a company in Singapore.

Market Research and Surveys

If you want to sell your business idea, you need to find the people who need it most. You can do so, only by having the thorough knowledge of the market. You need to conduct market research and surveys to get the goods on your competitors and collect demographic data about your direct customers.

Find and Reach Out to Your Customers

In the beginning, you may have to work on your own & multitask to take care of your business. However, when you are in the position, hire the right employees. After identifying the target customer, run marketing campaigns, use content marketing, social media, your business website, to reach out to them.

Selling to Your Customers

Selling is a difficult art. However, if you want your Singapore business incorporation to succeed, what other alternatives you have, but to master it. It is especially important when you have bootstrapped your business. It is the only way you are going to attract money to your business. 

Try to hold on to your existing customers by offering them value-added service. Always keep in mind that the cost of acquiring new customers is greater than that of retaining them.

In the market, you may hear a number of stories about the life-expectancy of new Singapore company incorporation. Yes, a large number of them perishes within the first two years. You can prevent your company from taking the same path. Be pro-active, stay tuned to the market, and respond to the emerging market trends by fine-tuning your products and services.

Contact us:
SBS Consulting Pte Ltd
High Street Center,
#17-02, 1 North Bridge Road,
179094 - Singapore
Phone: +65-6536 0036
Email: info@sbsgroup.com.sg

Singapore Company Registration: Choose Lower Taxation

You may think that, “Why anyone would like to retain an agent for their Singapore company registration?” It is such a straightforward and simple process. “Why waste money?”, especially, when you are yet to start earning them. However, the ground reality is that a large number of entrepreneurs use the services of these services providers.

However, a company registration in Singapore is not just filling forms & filing it to the Company Registrar of Singapore. Incidentally, a government agency, named, Accounting and Corporate Regulatory Authority (ACRA) acts in this capacity. The whole process has so many aspects and angles to it.

Singapore Company Incorporation Services Employ Experts

The employing Singapore company registration services come really handy. They have incorporation experts have industry-wide experience. They have a huge store of knowledge of the Singapore marketplace and are well aware of the market trends. These are the professionals who deal with all kinds of business owners and their ideas.

They have the privileged access to inside-knowledge about what is working in the market and what is not. You can discuss the problems related your business ideas, business plans, funding, etc. with them. They are the people who are familiar with the teething problems of the startup owners and how to put them on the right path towards a successful company registration in Singapore.

Choose the Right Business Structure

It is a must for the foreigners & first-time entrepreneurs to appoint one of the experienced Singapore company registration services. They can guide you to the right legal structure that is most conducive to your business needs. You have to be really careful in what you select to register. The tax rates that may apply to your business may vary depending on whether it has a legal identity or not.

Corporate Tax for Private Limited Company in Singapore

A large majority of the entrepreneurs choose to register a private limited company in Singapore. It is a dynamic business structure that scales as per the needs of the company. It is preferred because it limits the liability of its shareholders to the amount they have invested in shares.

Most importantly, a Pte Ltd has a separate legal identity from its shareholders. It pays corporate tax on its income. Singapore corporate tax rate ranges from 0%-17%. However, with the tax rebates, exemptions, & incentives that the local companies get, the effective tax rate applicable comes down to 8.5%-9.5%

Personal Tax for Sole Proprietorship or Partnership Owners

The business owners also have the option of registering a sole proprietorship or one of the types of partnerships. However, neither of these have a separate legal identity from their owners. The income generated through their business activities is considered as that of the owners. The owners have to pay personal income tax on it. Currently, Singapore personal income tax ranges from 0%-22%.

It is a heady and stressful time when you are trying to achieve a successful Singapore business registration. It is especially true when you have limited time at your hand. It may happen especially if you are a foreigner scooting in and out of Singapore just to get the task done. It is a solid reason why you should hire one of the professional Singapore company registration services providers to get your brand-new company without any hassle.

Contact us:
SBS Consulting Pte Ltd
High Street Center,
#17–02, 1 North Bridge Road,
179094 — Singapore
Phone: +65–6536 0036
Email: info@sbsgroup.com.sg

Singapore Company Incorporation: Bootstrap or VC Funding?

You are interested in Singapore company incorporation, and you want to bootstrap your business like the yesterday’s entrepreneurs did. Yes, it was a time when entrepreneurs used to identify a problem and come up with a solution for it.

Nowadays, the startups have swamped the business world. These entities work differently than the old ones. They go from a funding round to another to raise capital from Venture Capitalists (VC). Most of them, especially those in the e-commerce or the online selling, are more focused on capturing the market share than solving a problem or making a profit. There are a few notable exceptions. However, a new Singapore business incorporation isn’t the same for the old-timers.

Is Singapore the Right Choice?

Your choice of location for starting your new business is not bad at all. After all, Singapore is a favored destination by the entrepreneurs for its lower tax rates. It also straddles one of the main sea routes between the East and West and works fine as an Entrepot. It is a great market to establish a regional office in for Southeast Asia. And it is within the flying distance from the regional markets in Asia. By all standards, it is the right to incorporate a company in Singapore.

Key Tips for Bootstrapping Your Business

There was the time when the only way left to entrepreneurs was to bootstrap their business. The thinking was that you need capital only to expand your business or extend the products line. With the arrival of venture capitalists, a lot has changed. However, the entrepreneurs have not stopped preferring Singapore company incorporation. Whether it is bootstrapped or backed by VCs, it is a great thing to implement your business idea and business plan.

Identify a Problem

The heart of the matter is that the bootstrapping your Singapore business incorporation is not for all. As discussed it is not all about running after funding, but, finding a solution to a problem that people would buy from you. And, it is tough.

Alternatively, you can take up an existing solution and try to improve it cost-wise or quality-wise. There is always scope to add value to existing products and services, increase their availability and bring to the masses. 

https://twitter.com/SBS_Consulting/status/949578133065424896 

Know about Your Competitors

You need to be aware of the competition and the struggle to stay afloat and kicking in your business niche. In fact, you should start working on collecting the information even before opting to incorporate a company in Singapore.

Market Research and Surveys

If you want to sell your business idea, you need to find the people who need it most. You can do so, only by having the thorough knowledge of the market. You need to conduct market research and surveys to get the goods on your competitors and collect demographic data about your direct customers.

Find and Reach Out to Your Customers

In the beginning, you may have to work on your own & multitask to take care of your business. However, when you are in the position, hire the right employees. After identifying the target customer, run marketing campaigns, use content marketing, social media, your business website, to reach out to them.

Selling to Your Customers

Selling is a difficult art. However, if you want your Singapore business incorporation to succeed, what other alternatives you have, but to master it. It is especially important when you have bootstrapped your business. It is the only way you are going to attract money to your business. 

Try to hold on to your existing customers by offering them value-added service. Always keep in mind that the cost of acquiring new customers is greater than that of retaining them.

In the market, you may hear a number of stories about the life-expectancy of new Singapore company incorporation. Yes, a large number of them perishes within the first two years. You can prevent your company from taking the same path. Be pro-active, stay tuned to the market, and respond to the emerging market trends by fine-tuning your products and services.

Contact us:

SBS Consulting Pte Ltd

Visit: https://www.sbsgroup.com.sg

High Street Center,

#17-02, 1 North Bridge Road,

179094 - Singapore

Phone: +65-6536 0036

Email: info@sbsgroup.com.sg

Hurry, Appoint Singapore Company Registration Services & Get Your New Business

Before going to one of the Singapore company registration services, you need to get at your motivations. The entrepreneurial space is a place where you go with a resolute mind and ‘Go & Get It’ attitude. Well, in reality, “It is easier said than done!”

For most creative individuals, entrepreneurship does not come easily. And if it is a salaried person, the tug of a regular & secure job could, sometimes, prove to be too strong a bond to break. It is one of the reasons why individuals hesitate to set up a company in Singapore.

Set Up a Company in Singapore, the Startup Mecca

If you have an innovative business idea that can improve, or change the things for the masses, you need to rise to the occasion. You need to opt for a Singapore company formation & your idea to places. It is the only way you can test and validate your it.

It is essential for you as the would-be business owners to determine the practical aspects of your ideas or products or services. Singapore company registration services assist you in starting a private limited company which you can use as the test-bed.

The setting up of a company in Singapore gives you a way of taking your ideas out your head. You could refine them on the drawing board then, take them to the market. There is no better test than letting them stand up for themselves to the expectations of the consumers.

The startup scene in Singapore is just right for the entrepreneurs to opt for a Singapore company formation & launch their new business ideas. It is a marketplace where locals and foreigners try to outdo each other to carve a place for themselves. And many of them succeed in just that, provided, they back their thoughts with actions and get their timing right.

Merely having a ground-breaking business idea is not enough to make it happen. Nothing happens on its own. You need to show your intent, take risks to make things happen. You need to come out of your comfort zone, take the first positive step towards goal by setting up a company in Singapore.

Singapore Company Registration Services for Local & Foreign Entrepreneurs

Singapore Company Formation is The Right Move

Singapore as a startup ecosystem is a great place for budding entrepreneurs. The government backs them up with various tax incentives and rebates. They also benefit in cross-border trade because of the 70+ DTA signed by Singapore with its trading partners.

Singapore is an excellent Entrepot and facilitates trade between the East and West. It caters to the sea routes that carry goods worth S$5trillion between these regions. To the business owners, it offers speedy connectivity with the regional markets and outside world via reliable air-routes and logistical support and 700+ connections with the well-known ports throughout the world. It has reliable communication networks, transportation system, clean & safe social environment, & excellent education system for the families to explore.

Discuss your incorporation with one of the trusted Singapore company registration services. They have the professionals with the right kind of experience to assist you. Mind you; every business adventure has a risk associated with it. Still, if you believe in your idea, you need to take steps to bring it to the market and see, if it passes the acid test. Don’t let it die like a storm in a teacup.

Contact us:

SBS Consulting Pte Ltd

Visit: https://www.sbsgroup.com.sg

High Street Center,

#17–02, 1 North Bridge Road,

179094 — Singapore

Phone: +65–6536 0036

Email: info@sbsgroup.com.sg

Opt for Company Incorporation in Singapore, Get Your Startup

There is no crime in dreaming big especially when you are dreaming about a company incorporation in Singapore. However, for a large number of individuals starting a business is a scary thing. They fear for their investment, efforts, and time. And of course, the news that a large number of startups perish in their first two years can break anybody’s heart.

“Shoot for the moon. Even if you miss, you’ll land among the stars.”

~ Norman Vincent Peale

Break the Ice, Go for Company Incorporation in Singapore

As per the guide for company registration in Singapore is an easy task, it is a daunting task to overcome the mental block. But it is an undeniable fact that there is no gain without pain. The risk of failure has always been associated with the entrepreneurship. You can only think of reducing your liability because of it. The incorporation services in Singapore can provide you with exact information on this matter.

The company incorporation in Singapore is an easy task. It is red-tape free and has only two procedures in it. Singapore offers you a number of legal structures to start a business. However, registering a private limited company (Pte Ltd) is highly recommended. It is the most favored form of business entity in Singapore. It is dynamic, scalable, and a form that you can continue with even after your business grows enormously.

Combo Package from Incorporation Services Singapore

The Pte Ltd is a legal structure that can limit your liability to a great extent. It puts the amount you invested in shares at risk but not your personal assets. It is a separate legal entity having the rights of a natural born person who can sue or be sued by others. You can get at the bottom of this concept by discussing with the advisers employed by company incorporation Singapore.

The incorporation services in Singapore like SBS Consulting Pte Ltd offers three-in-one combo packages at S$699. You get your company incorporation in Singapore and two other services as the freebie. The package offers two other essential services, i.e., company secretary and local registered office address FREE of cost for the first year.

What You, as a Startup Owner, should be Ready to Face

Multitasking is a Challenge

While you are at the incorporation services Singapore, you can ask them about the viability of your business idea, business plan, sources of funding, government schemes for startups, etc. However, you will face real challenge after registering your company and when you actually start your business activities. In the initial days, you will be the one man to man the fort and do everything that gets you the business. In short, you will be multitasking and play the role of owner to that of the receptionist.

Tweak Your Idea, Products, or Services

In the market, you may find that you need to tweak your business idea to suit it to consumers need or totally drop it and start with a new one. You will have to be prepared for this eventuality. There is no shame in it. If you put your ear to the ground, you will hear many stories about failed products by multinational companies. Do whatever you need to survive.

Retain Your Valued Customers

Finding new customer each time you want sell is costly. If it is the case with you, it means your company incorporation in Singapore is in jeopardy. Because attracting and acquiring a new customer takes ingenuity, money, marketing efforts, time, and mental force. And selling to the customers does not come easily to many of the business owners. Put your heart into retaining the existing ones. Make them feel valued and overwhelm them with your quality products and services.

Well, put in your hard work and in no time, you will see the glimmer of success. After all, Singapore is one of the best places for doing business.

Contact us:

SBS Consulting Pte Ltd

Visit: https://www.sbsgroup.com.sg/

High Street Center,

#17–02, 1 North Bridge Road,

179094 — Singapore

Phone: +65–6536 0036

Email: info@sbsgroup.com.sg