Starting a business in Singapore offers a compelling opportunity, especially for professionals in finance and external asset management. Singapore's transparent regulatory environment, efficient infrastructure, and strategic location make it an ideal base for launching ventures.
At CoWorkSpace, we've navigated this journey ourselves, and we're here to share insights that can help you do the same.
Choosing the right business structure is crucial.
For many in finance and asset management, a Private Limited Company (Pte Ltd) offers benefits like limited liability and credibility.
This structure also facilitates obtaining a Capital Markets Services (CMS) license, essential for certain financial activities.
For a deeper dive into setting up a CMS-licensed company, explore our guide on CMS-licensed companies.
The Accounting and Corporate Regulatory Authority (ACRA) oversees business registration in Singapore.
You'll need to secure a unique company name, appoint at least one local director, and provide a registered office address.
CoWorkSpace offers compliant business addresses and mail handling services, streamlining this process for you.
Depending on your business activities, specific licenses may be required. For instance, financial firms may need a CMS license from the Monetary Authority of Singapore (MAS).
Legal professionals looking to establish a firm can find valuable information in our article on setting up and running a law firm inside CoWorkSpace.
A corporate bank account is essential for managing your business finances. Singapore offers a range of banking options catering to different business needs.
Having a local director and a registered office address, such as those provided by CoWorkSpace, can facilitate this process.
A professional workspace enhances credibility and productivity.
CoWorkSpace provides secure, access-controlled offices suitable for financial and legal professionals.
Our door access systems ensure that your workspace remains secure, giving you peace of mind.
As your business grows, assembling a competent team becomes vital. Singapore's talent pool is diverse and skilled, particularly in finance and technology sectors.
CoWorkSpace's collaborative environment can aid in attracting and retaining top talent.
With your business structure in place, licenses secured, bank account opened, and workspace set up, you're ready to launch. Singapore's supportive ecosystem offers numerous opportunities for growth.
Engage with local networks, stay informed about regulatory changes, and continuously seek ways to innovate and expand.
Embarking on your entrepreneurial journey in Singapore is a strategic move. At CoWorkSpace, we're committed to supporting you every step of the way.
Our experience in the finance and asset management industry positions us to understand your unique needs and challenges.
Let's build something remarkable together.
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