Unlock Your Business Success at CoWorkSpace in Raffles Quay, Singapore

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 with our Singapore serviced offices.

1. Define Your Business Structure

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.

2. Register with ACRA

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.

3. Secure Necessary Licenses

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.

4. Open a Corporate Bank Account

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5. Set Up Your Workspace

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.

6. Build Your Team

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.

Operating a CMS Licensed Company in Singapore

Operating a CMS Licensed Company in Singapore

Why CoWorkSpace Suits CMS Licensed Companies For Capital Markets Services (CMS) Licence holders, maintaining a dedicated, secure office is not just a preference—it’s a regulatory requirement. The Monetary Authority of Singapore (MAS) mandates that CMS-licensed…