How to buy a ready-made company with open bank account in Singapore
It is advantageous to buy a ready-made company with an open account in Singapore, as the registration is quick and it is possible to start a business immediately. To buy a business, please contact our specialists at IT-OFFSHORE, we will answer all your questions.
Nuances of doing business
Buying a ready-made company with an open account in Singapore in 2021 is relevant. Such an acquisition will allow you to start your business as soon as possible without additional time spent on opening an account.
Singapore attracts businesspeople because it is a reliable country with a positive reputation. This country has a stable policy and economy.
One of the advantages of starting a business in Singapore is the reliability of the banking system. Businesspeople from different countries use banking services of local financial organizations. Due to the large number of potential customers, banks began to make more stringent procedures for opening accounts.
In order to open an account you will need to provide detailed information about the company's activity and projected turnover. To open an account with a bank in Singapore, you will need to meet with the bank in person.
To avoid such difficulties, you can buy a ready-made Singapore company with an existing account. Usually, companies with years of experience that were previously owned by others are sold. These options are attractive to entrepreneurs because the company with the account is ready to work.
To take over the company, the buyer must arrive in Singapore and be identified by a bank. To transfer the company, you must provide your passport and address information.
What do I need to change my name and address?
To buy a company you need to provide a documentation package. A notarized copy of the foreign passport is required, as well as contact information.
It is also required to prove the address of residence. This document must be translated into English and certified by a notary. It is necessary to describe the planned activity in detail. All data should be translated into English and certified.
When buying a business, potential buyers are advised to make sure that the company has a positive reputation and no debts. After the completion of the reissue, the buyer becomes the legitimate owner of the business.
The advantages of a ready-made company
It is profitable to open a ready-made company as the political and economic situation in the country is stable. Transport and information infrastructure is developed in Singapore. The climate is favorable for investments. The country has a developed financial services sector.
There are no restrictions on capital flow. The risk of double taxation is minimal. Buying a ready-made business often requires a ready-made business idea, this company has passed state registration.
Such a company has an office or premises, without which registration is impossible. Often there is a staff, a market place, a credit history and business reputation, as well as a business licence and bank account.