Singapore has one of the most efficient and well streamlined processes for company registration. The best thing about the country is that even though it is known for having the most sound business registration process, the authorities are always on the lookout on how to make it even simpler for incorporating a company in Singapore.
In fact Singapore company registration now contains only two steps. The first step that any foreign company or entrepreneur has to follow is to get their proposed company name approved by the concerned authorities. Company name approvals takes only about an hour to complete and usually the name is approved as long as it does not infringe on any existing trademarks or is not similar to existing companies in Singapore. It should also not be considered vulgar or obscene in the country.
Once your company name is approved by the authorities, you can immediately proceed for company registration which could be completed the same day or at the most the next working day. That is the fastest company registration procedure for foreign owners anywhere in the world. Since in most cases you do not require an additional license to operate the business, you can straight away proceed to opening a corporate bank account and commence business operations. It literally cannot get easier any than that for company registration anywhere in the world.
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