Are you looking forward to establishing a new startup in Singapore? Singapore is one of those business-friendly countries offering widespread feasibilities to international investors with the hope of growing their SMEs. With a few conditions to develop the socio-economy of Singapore, the country wants the businesses to get registered here along with incorporation and with a local resident as one of the directors. Apply for government grants given to SMEs in Singapore. Now, after the outbreak of COVID 19, the Singaporean government is saving SMEs by offering various grants to secure the jobs of employees and protecting the falling economy.
Here are a few steps to start a startup business in Singapore—
- Start with a suitable business name that matches with the business you’re going to have. Make sure it’s unique and get the business name registered in Singapore which only takes less than a day time to approve so as the license.
- You have to think without a team you can’t run a business. So, in Singapore you can’t run a business without a director whose nationality should be Singaporean by birth. Only then you can incorporate the business and make it more stronger.
- Get a business website and do online marketing for letting more people know about your new venture.