What is Singapore LLC and other Questions about Singapore Limited Liability Company by zulfikarads2010


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                <p>When considering a Singapore business venture, you
will have the option of forming a <a rel="nofollow"
href="http://www.singaporestartup.com/">Singapore LLC</a>. This will
afford many important benefits to business owners. You may also have
several questions about LLC setups and operations. Here are some to
consider.<br><br>1. What exactly is an LLC?<br>LLC stands for Limited
Liability Company. A limited liability company is a separate entity from
the original company on foreign soil. The foreign company is not
responsible for the liabilities of the LLC in Singapore and vice
versa.<br><br>2. Is an LLC in Singapore the best option to
choose?<br>This will depend on the circumstances. There are several
options for starting businesses in Singapore. Most people will choose the
limited liability option, but there are others to consider.<br>If you are
a professional like a doctor or lawyer, you may wish to set up a limited
liability partnership. In this way, you can have some protection from a
normal business partnership.<br>Some companies may benefit from opening a
branch office, also. This is mostly for companies that are testing the
market and unsure where to expand.      <!--INFOLINKS_OFF-->

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<br>3. Do I have to hire a professional service to register my Singapore
LLC?<br>You must hire a professional service to register, but there are
exceptions. For example, your company directors, shareholders, and
secretary can be Singapore citizens or they must hold a valid work pass.
In that case, you may self register.<br><br>4. What is the first step in
registering a Singapore LLC?<br>The first thing to do, is submit a
company name for approval. If you hire a service, this will be done on
your behalf. The process is simple and may take less than an hour, as
everything is computerized. It is best to have a unique name. If it is
similar to other company names, this may drag out the process and it may
be denied.<br><br>5. How long does is usually take to approve the
Singapore LLC registration, after the name is approved?<br>If all the
documents are properly filled out and signed, it may only take a matter
of hours. However, in some case, it can be delayed. For example, more
information may be needed about company personnel.<br><br>6. Will I need
to obtain a business license before I begin?<br>Most new businesses may
not require a license. However, there are some that will need one. They
include financial services, travel agencies, restaurants, and educational
facilities.<br><br>7. Will my new company be subject to GST or goods and
services tax?<br>Your company will not have to pay GST, but may have to
collect them. This type of tax is charged to the consumer on purchases of
goods and services. However, unless your company does more than
S$1,000,000 each year, you will not be required to collect
GST.<br><br>Summary<br>A Singapore LLC is a limited liability company.
This is the most popular option for starting a business. The LLC in
Singapore is a separate business entity from the parent company and is
not responsible for the parent company liabilities. Most companies are
registered by a professional service, but it is not mandatory (if all of
your company officers are Singapore citizens or hold work passes). The
first step is to register a name, and then register the company. This is
an easy and quick process. Only certain businesses require a business
license and you do not have to register for GST if your company turnover
is under S$1,000,000 per year.</p>                <!--INFOLINKS_OFF-->

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