The high number of foreign investors has led to the creation of numerous consulting agencies in Singapore creating the professional services industry. Sectors like financing and manufacturing have triggered the growth of employment agencies and market development companies in Singapore. Recruitment agencies have helped approximately 50,000 Singapore companies to hire highly-skilled individuals generating close to 9 billion SGD annually to the State budget. Singapore is striving to become an international professional services network which is why foreign entrepreneurs with a good reputation can successfully start a consulting business here. For more information about becoming a consultant in the city-state you can also refer to our specialists in company registration in Singapore.
You can watch the video below for more information on how to set up a consulting company in Singapore:
There are no special requirements for setting up a consulting business in Singapore. Foreign citizens are only required to have a residence visa in order to open a company in Singapore. One must follow the requirements of the Company Act and appoint Singapore experts in company formation services for the registration procedure to have the consulting business registered. The main steps for consulting company registration in Singapore are:
Our specialists in Singapore can draft the consulting company’s Memorandum and Articles of Association.
Foreign citizens qualified as consultants in other countries can become management consultants in Singapore. All they must do is submit the following documents with the Singapore Business Advisors and Consultants Council:
Additionally, they will be required to prepare a project. They will also be requested to pay a fee. Business consulting certificates have a two-year validity period in Singapore.
If you need help in opening a consulting company you can contact our experts in company incorporation in Singapore.