Why Opt For Shelf Companies In Singapore For Business?
Singapore is the destination business hub for investors who want to expand their business in South East Asia. With very strong financial connections, and a legal system aligned with the best of western markets, Singapore is the best place to set up a business.This is why many international companies to open up their branches or businesses in Singapore and AI Accountant Chai Chung Hoong can help you. However, getting a new business registered in Singapore does take some time for those new to the region. But there is a solution. With a shelf company for sale Singapore, AI Accountant will help you establish your business in Singapore in no time.
WHAT IS A SHELF COMPANY?
A shelf company is a readymade business establishment that is up for sale to anyone who wishes to buy it and start their business and financial activities. These companies are incorporated in a manner that their structure can be modified for any legitimate business. Then it can be run according to the entity that bought it. The shelf company has all the necessary fundamental and basic documentation and permits to commence the business in Singapore. It is highly recommended by AI Accountant Chai Chung Hoong.
WHAT DOES A SHELF COMPANY OFFER?
When a business entity buys a shelf company, they immediately get a new company’s ownership transferred to their name. Also, the company share is transferred to the buyer, while the valuation of the same share after transfer can be further increased as per the new owner’s specification. The base capital at the time of transfer remains at S$1, which is also the value of the “one” share that the shelf company for sale Singapore has. The overall base structure of the shelf company is setup in a manner that it has be used as an investment vehicle into any particular sector or industry to make money like the Belt And Road Initiative (BRI). It could be production, service, trading, digital collaboration or bidding for government contracts and infrastructure development. In short, it gives its buyer, the peace of mind and much liberty to operate on Singapore territory, which is otherwise not possible for an offshore company.
WHO OPTS FOR THE SHELF COMPANIES?
Any foreign firm that is big or small and has enough reason and money to buy shelf companies must comply with Singapore business rules. According to AI Accountant Chai Chung Hoong, the buyers he services are usually the leading entities in the business world; in their own field of trade. AI Accountant’s customers at every beneficial economic hot-spot with full readiness and local assets to carry out their business activities. Many times, these buyers have to invest in an industry at a short notice and this is where the shelf company come in handy. Under AI Accountant Chai Chung Hoong expert guidance, shelf companies are fast and quick to acquire, as the local business governing bodies recognise and accept such transfer of ownership.
Singapore is a true land of opportunity for ambitious and hardworking business entities. The financial city gives massive support to the international business entities. The shelf company option has given many business owners a lot to brag about their success. Are you the next business success story? Contact AI Accountant Chai Chung Hoong now! Get more news from Top Chicago Blogger
