3 Tasks to Delegate After Singapore Company Registration

After paying Singapore company incorporation fees to get your startup going, you should be choosy in the tasks you spend time on. Your first priority is to grow the new Singapore company registration to its fullest extent. You should take the time to identify the tasks that you absolutely must do on your own.

In fact, you should brainstorm the business of the delegation of tasks right before setting up a private limited company in Singapore. After all, you could hire one of the Singapore company registration services to see to the faultless execution of the Singapore company registration process.

Setting Up a Private Limited Company in Singapore

The company incorporation in Singapore with ACRA is not a difficult task. However, hiring an expert to do it for you takes a load off your mind especially, when you are a foreigner and new to jurisdiction. The ground reality is that you could limit the cost to set up a private limited company if you choose one of the promo incorporation package.

These packages are designed to reduce the Singapore company registration cost. Singapore company registration services like SBS Consulting Pte Ltd offer multiple services for the cost of one.

Delegate Tasks Post Singapore Business Incorporation

As a startup business owner, rearing to go, you should get rid of the tasks that can eat up your time, mental, spiritual, and physical space. You have to identify them before they become a nuisance.

Also Read: Company Registration Singapore: 6 Tips to Grow as an Entrepreneur

Tasks Needing Physical Efforts or Travel

When you have a product, you must see to it that it reaches to your whole sellers and retailers in time. However, it does not mean that you have to deliver it personally. Surely, you have better things to do. If you hire someone and delegate the task, you will have spare time to think about adding more value to the product and making it more attractive to your customer.

When you supply your products on time, you must make sure that you get the check on time. However, in real life, it may not work as smoothly as you want it. You may find yourself visiting a few clients’ and waiting on them multiple times for your payment.

It is utter waste of your time. Such incidences may also harm your cash flow drastically. You should think about establishing a network to distribute your products. The distributors may also come handy in increasing your reach as they have their own contacts and resources.

Tasks Needing Technical Knowledge

The marketing gurus advise the startup owners to establish the business website as soon as possible. It helps in marketing and branding your company. You could use it to spread awareness about your products and business activities among your potential or targeted customers.

If you have the expertise, you could actually design and develop the website on your own. However, if the technical knowledge that you will need to execute it is out of your reach, it is better to outsource the task to the experts.

Delegate Non-Core Tasks

Every Singapore business, including the startups, have to discharge administrative functions. They have to regularly update their books of accounts, execute their payroll on time, be prompt with the audits, taxation, statutory filings, holding of AGMs, etc.

However, all of these are non-core tasks of the business. They generate no profit for it and you must have expert knowledge to discharge them. It is not something that you try to do on DIY-basis. You will be better off by appointing the experts to take care of them.

As the owner of a growing Singapore company registration you will need to take critical decisions from time-to-time. They may include delegating tasks to your employees so they could have thorough understanding of them. You may also choose to give a breathing space to your new employees by delegating an established and streamlined tasks to them. On the other hand, you could also decide to saddle them with the one you hate most freeing your mind.

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

Know What Singapore Company Registration Services You Can Get in $699

Looking for a reliable Singapore company registration services firm? When a creative person starts offering a new service or comes out with a new product, there are always copycats to follow a leader. After a time, the market is so full of these entities; you cannot even identify the initiator unless you were there at the start.

Locating a proud Singapore company registration services provider is not an easy task to register company in singapore for foreigner. In fact, it is also difficult for the Singaporean entrepreneurs who are opting for Singapore company formation for the first-time.

Keep the Cost of Singapore Company Formation Down

If you are bootstrapping your business, then the cost of incorporation will be your main concern. The best option to limit it is to search for the Singapore company registration agents like SBS Consulting Pte Ltd that offer freebies. You should actively search for the promo or combo packages that offer multiple services but charge only for one.

You should also examine the add-on FREE services carefully and determine whether they are essential for the task at hand. It will enable you to keep the ultimate Singapore company registration cost under manageable level. If it is possible, make sure that you will not have to pay for the essential services in future.

Look for Freebies

As per the Companies Act, you must provide a local registered office address at the time of applying for the registration of Singapore company. You also appoint an experienced and qualified company secretary within the six months from the registration date. Hiring SBS drastically brings down the Singapore company formation cost as you get $540 worth of services FREE.

Check for Hidden Costs

Your internet research will reveal different pricing policies pursued by the Singapore company registration services firms. You will also realize that not all of them are open and forthcoming about the final cost of setup a company in Singapore. If you must, you should contact and discuss it with them. Make sure that there are no hidden costs which will cause you to regret your choice of the services provider.

Promo Package for Setting a Company in Singapore

After appointing a competent provider of company registration services in Singapore, you can expect following incorporation services:

• Checking availability of company name & reserving it
• Preparation of M&AA, Form 45, Form 45B
• Company registration with ACRA
• Electronic Certificate of Incorporation
• Company profile/extract from ACRA with UEN Number
• Minutes of first board meeting
• Share certificate(s)
• Common seal
• Preparation of company kit
• FREE assistance for opening Bank account in a Singapore bank

Process for Singapore Business Registration is Easy

The process to set up a private limited company in Singapore is a simple one. You need to provide proper incorporation documents to your agent along with the list of 4-5 names for your proposed company. They will use the available name to register your company. Within no time, you will have your brand-new Singapore company.

However, the process will take 14 days to 2 months if the company name has terms like “Bank,” “Education,” “Financial” in it. These applications are referred to the appropriate authorities, and the approval takes time.

Complete Post Incorporation Activities

Wait! Don’t start your business activities, as you are not yet. There certain post-registration activities that you must complete. These include the opening of a corporate bank account in a local bank in Singapore, opening a CPF account and topping it, check whether you need to register your company for GST.

You may also need to apply and acquire business permits and licenses if your business activities require them. Your Singapore company registration services providing firm may be of assistance in completing these activities. These firms employ experienced professionals, and you will be better off by discussing your needs with them.

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

Looking for a reliable Singapore company registration services firm? When a creative person starts offering a new service or comes out with a new product, there are always copycats to follow a leader. After a time, the market is so full of these entities; you cannot even identify the initiator unless you were there at the start.

Locating a proud Singapore company registration services provider is not an easy task for the foreigners wanting to set up a company in Singapore. In fact, it is also difficult for the Singaporean entrepreneurs who are opting for Singapore company formation for the first-time.

Keep the Cost of Singapore Company Formation Down

If you are bootstrapping your business, then the cost of incorporation will be your main concern. The best option to limit it is to search for the Singapore company registration agents like SBS Consulting Pte Ltd that offer freebies. You should actively search for the promo or combo packages that offer multiple services but charge only for one.

You should also examine the add-on FREE services carefully and determine whether they are essential for the task at hand. It will enable you to keep the ultimate Singapore company formation cost under manageable level. If it is possible, make sure that you will not have to pay for the essential services in future.

Look for Freebies

As per the Companies Act, you must provide a local registered office address at the time of applying for the registration of Singapore company. You also appoint an experienced and qualified company secretary within the six months from the registration date. Hiring SBS drastically brings down the Singapore company formation cost as you get $540 worth of services FREE.

Also Visit: Incorporation Promo Package

Check for Hidden Costs

Your internet research will reveal different pricing policies pursued by the Singapore company registration services firms. You will also realize that not all of them are open and forthcoming about the final cost of setup a company in Singapore. If you must, you should contact and discuss it with them. Make sure that there are no hidden costs which will cause you to regret your choice of the services provider.

Promo Package for Setting a Company in Singapore

After appointing a competent provider of company registration services in Singapore, you can expect following incorporation services:

• Checking availability of company name & reserving it
• Preparation of M&AA, Form 45, Form 45B
• Company registration with ACRA
• Electronic Certificate of Incorporation
• Company profile/extract from ACRA with UEN Number
• Minutes of first board meeting
• Share certificate(s)
• Common seal
• Preparation of company kit
• FREE assistance for opening Bank account in a Singapore bank

For More: Company Registration Singapore — A Ready Reckoner

Process for Singapore Business Registration is Easy

The process to set up a company in Singapore is a simple one. You need to provide proper incorporation documents to your agent along with the list of 4–5 names for your proposed company. They will use the available name to register your company. Within no time, you will have your brand-new Singapore company.

However, the process will take 14 days to 2 months if the company name has terms like “Bank,” “Education,” “Financial” in it. These applications are referred to the appropriate authorities, and the approval takes time.

Complete Post Incorporation Activities

Wait! Don’t start your business activities, as you are not yet. There certain post-registration activities that you must complete. These include the opening of a corporate bank account in a local bank in Singapore, opening a CPF account and topping it, check whether you need to register your company for GST.

You may also need to apply and acquire business permits and licenses if your business activities require them. Your Singapore company registration services providing firm may be of assistance in completing these activities. These firms employ experienced professionals, and you will be better off by discussing your needs with them.

Singapore Company Registration: Research, Test, & Sell Your Business Idea

As a first-time business owner, you may commit a horrible mistake even before getting your Singapore company registration. If you have a groundbreaking business idea, do not sit on it or delay the registration of your company.

For a business to be highly successful, the product or the service it is going to render has to be right. It is the biggest puzzle that you will have to solve before committing to company registration in Singapore. That is why the first thing you should do is to analyze the business idea.

Research the Market & Add Value to Your Product

See, if it can be realized in a product. At this stage, you will also have to go to the market and find out your targeted end-users of the product, existing competition, and the where your product stands.

If your product is falling short of customers’ expectations, find out what they need. Revisit your idea and see, if you can add more value to the product so as to make it more pro consumers. The success of your proposed Singapore company registration may depend on it.

Judge the Strengths & Weaknesses of Competitors

You should fully exploit your market surveys and research activity to find out as much about the competitors’, their strengths and weaknesses. It will help you in the launching of the product. Surely, you will like to go full-throttle in the markets where they are weak.

You may also like to postpone meeting them head-on in the areas where they are strong. Of course, if you have the considerable marketing budget, you can make it a completely different ball-game. It will be a great help in establishing your new company registration in Singapore.

You cannot go wrong with the market research and surveys, or it will be a lot of money down the drain. You also need to correctly interpret the collected data and see, how it affects your business idea and model.

Be Flexible to Make Changes to Your Idea or Plan

At this important stage in your company incorporation - yes, it is, as you are judging its potency- you need to be flexible and come up with solutions that your targeted customers need. Or, you will be saddled with a product that only a few customers want. It could lead your startup Singapore company registration into troubles. You must sell in order to survive.

Moreover, it is not enough for a startup company registration to sell the product once. It should be able to attract the customers repeatedly which will go a long way in generating revenue and profits for it. It will also reduce your cost of acquiring a customer.

Every new Singapore company registration should try to create a loyal customer-base. However, you can attract them to you, only if, you have the right product, effective marketing campaigns, and loyalty programs to retain the existing customers. And you should always be ready to stare the competitors in the eye and take them on to protect your business niche.

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