Foreign investors, no matter their finances, have plenty of choices when deciding to open a company. They can choose any part of the world. While some will consider Asia for the large market share they can address, other will choose the American continent. During the last few years, Singapore has emerged as one of the easiest countries to do business in, however the United States of America remains one of the most prolific economies in the world and attracts many foreign investors year after year. Even so, Singapore can offer better conditions for those interested in opening a company here, and below will provide you with a brief comparison between the Singapore company formation process and the company registration procedure in the US.
Both Singapore and the United States have commercial laws which welcome foreign investors. Also, both countries allow foreign investors to register various types of structures, however two are predominant in both countries: the private limited liability company and the public company. The private company is known in both countries as the LLC, while the public company is usually known as a corporation in the US.
If choosing a business form in Singapore is simple, in the US things are not that simple because:
Due to all the decisions one must make, opening a company in the US is harder to than opening a company in Singapore because of the taxation system imposed by each state and the requirements imposed to shareholders in the available types of companies.
Once the type of structure is selected, the company registration procedure in Singapore and the US are quite similar in steps. However, the business registration costs are higher in the US compared to Singapore. The company formation process in Singapore is made up of:
The US company registration procedure will consist in:
Foreign investors interested in opening a company in the city-state can contact our company registration agents in Singapore for assistance.