Incorporating Local Company

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Incorporating Local Company

Postby peterch » Sat Mar 31, 2012 7:27 pm

Hi,

Any parent(s) here working as business consultant? I need information about incorporating new local company. Please PM me or email me at muliadilim7(at)gmail(dot)com

Regards

peterch
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Re: Incorporating Local Company

Postby magiccastle » Sun Apr 01, 2012 4:01 am

You can refer to acra website for information.

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Re: Incorporating Local Company

Postby peterch » Sun Apr 01, 2012 6:01 am

Thanks magiccastle

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Re: Incorporating Local Company

Postby pojo » Sun Apr 01, 2012 3:52 pm

ACRA website provides good information. However if you have a specific query, will be glad to help.

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Re: Incorporating Local Company

Postby peterch » Sun Apr 01, 2012 4:59 pm

pojo wrote:ACRA website provides good information. However if you have a specific query, will be glad to help.


Thanks pojo. I need a business consultant to provide more detail info on procedure and the fees as well.

peterch
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Re: Incorporating Local Company

Postby pojo » Mon Apr 02, 2012 9:19 pm

Actually ACRA has done such a great job that one can set up a company on your own by following the procedures given. I can say that as I did it myself some years ago. I cannot recall all the steps but if you are stuck with any step, feel free to raise it as I may be able to help.

Alternatively, you can seek the help of firms providing company secretarial services. You only need a business consultant to advise you on matters which are more strategic. For example you have a number of shareholders and you want to enter a particular line of business but is unsure of how best to position the company. If its straightforward registration ie only you and perhaps another person are shareholders, then just go to a company secretary. The fees are probably in the low hundreds, I believe.

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Re: Incorporating Local Company

Postby peterch » Mon Apr 02, 2012 9:23 pm

:thankyou:

Thanks Pojo... Great info for me.

peterch
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Re: Incorporating Local Company

Postby magiccastle » Mon Apr 02, 2012 11:40 pm

For your information, the registration fee for incorporating company if u DIY is around $300 plus. in fact , u can register a company within half an hour. To encourage entrepreneurship, Acra have simplified the requirement n procedure.
If u approach accounting firm to help u in the registration, the low hundreds quoted by Pojo are likely to exclude the registration fee. Depending on the firms, I understand some firms charge in term of thousand even for simple registration.

Thks.

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Re: Incorporating Local Company

Postby peterch » Mon Apr 02, 2012 11:45 pm

:thankyou:

well noted. thanks magiccastle.

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Re: Incorporating Local Company

Postby cherrygal » Tue Apr 03, 2012 12:01 am

You must read through all the info with regards to the type of company you want - sole proprietorship, partnership, pte ltd, limited etc...

Did that when DH wanted to register his business.

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