Lee  Seng
Lee Seng answered Anonymous' question


Anyone can incorporate a company in Singapore and the company can also be 100% foreign owned. Below are the requirements for incorporating a company in Singapore:

  • Minimum paid up capital of $1
  • Minimum of one director and one share holder
  • Local registered address mandatory
  • Local qualified company secretary mandatory


Lee  Seng
Lee Seng answered Anonymous' question

Registering a company in Singapore is easy when compared with other countries. Following are the step in incorporating a company in Singapore:

  • Determine the structure of the business
  • For Singaporeans, the owners have to register the business with ACRA which can be done online
  • For foreign owners, they need to appoint a local agent like 3E Accounting to … Read more
Lee  Seng
Lee Seng answered Anonymous' question

Yes. You need to appoint a company secretary within a span of 6 months after incorporating the company in Singapore. Many companies in Singapore offer secretarial services. When i was searching for one, I got the help from 3E Accounting. They are really good in helping me in finding a good secretary … Read more

Lee  Seng
Lee Seng answered Anonymous' question

Virtual offices provide a fax and phone number. These type of services generate an automated greeting and call recording which will be forwarded to you. In Singapore, 3E Accounting offers the best packages for virtual office services. I have a virtual offices in Singapore and Malaysia which i got with the help of these guys.

Lee  Seng
Lee Seng answered Anonymous' question


Singapore is recognized as one of the leader of the world business market and here are few highlights to justify the reason

  • Singapore is rated as the #1 politically stable country
  • Asia’s top country in terms of the quality of living
  • Best labor force in the world
  • World Bank has rated Singapore as the #1 place for ease of … Read more
Lee  Seng
Lee Seng answered Anonymous' question

Recently, I switched to iSwitch and their procedure was relatively easy. However, the process varies between the retailers. For iSwitch, I did the following:

*First process is the eligibility and I was eligible as I was using electricity of more than 2000kWh and for a non-domestic sector.

* I selected the plan that suited my company … Read more

Lee  Seng
Lee Seng answered Anonymous' question

The incorporation process is easy and the government offers many opportunities for the business registered in Singapore. The process become even more easier when hiring a professional registration service provider. I hired a company name 3E Accounting and they helped me register my company within a span of 1 hour.

Lee  Seng
Lee Seng answered Anonymous' question
If you are using an old meter i.e. The meter purchased before April 2014, then you have to switch to the Advanced Meter Infrastructure (AMI) power meter provided and installed by the SP Power Grid Ltd. This has to be done before choosing any private electricity retailers like iSwitch, Tuas or any other power supply … Read more
Lee  Seng
Lee Seng answered Anonymous' question

Setting up a business in Singapore is easy and the government is offering many possibilities for the entrepreneurs to establish a business in Singapore. Hire a company like 3E Accounting to register your company and the rest is taken care by the incorporation service providers.

Lee  Seng
Lee Seng answered Anonymous' question

Without any doubt, i would say 3E Accounting to be the best as it offered its valuable advice and optimal support in registration my company. I am not a Singaporean but still they helped me complete my company’s registration process in one hour, which was really a surprise to me. I have suggested the same … Read more

Lee  Seng
Lee Seng answered Anonymous' question

Registering a company in Singapore is not a difficult task as the government is providing the information needed to proceed with the registration process. The process gets more easier when you use the help of the companies incorporation service provider. They have years of experience in helping people register their business in Singapore without any … Read more

Lee  Seng
Lee Seng answered Anonymous' question

Every quarter, the SP tariff rates are revised and they are available at the official Singapore Power services website. I did a comparison of the rates of a few retailers with the SP services rates and found iSwitch to be the best. They also offer 18% discount on the SP services tariff rate.