SBS Group Encourages Entrepreneurs to Register a Sole Proprietor Business in Singapore
Online, May 18, 2013 (Newswire.com) - SBS Consulting Pte.Ltd, an established company registration firm in Singapore offers its expert services to companies and individuals to launch their businesses in Singapore. Singapore government offers many options to start your registered business in Singapore. One of them is sole proprietorship business. SBS group takes full responsibility from start to finish getting you registered as a sole proprietor in Singapore. A sole proprietorship is defined as having single ownership of a business entity. The business has only one owner who is responsible for all the liabilities, assets and belongings of his business. The owner of the business is the sole decision maker. A permanent resident or a Singapore resident can get registered as a sole proprietor. A Singapore Employment Pass or Singapore EntrePass holder is also eligible to apply for sole proprietorship. Foreign nationals or foreign companies need to appoint a local resident as a manager in order to apply for a sole proprietorship.
Why to opt for sole proprietorship in Singapore
There are considerable benefits in opting for sole proprietorship
The foremost feature is not to share the profits of your earnings with the government. The sole proprietor is the 100% share holder of his business.
The business decisions rest on only one person who is the owner of the business. It is easier to make tough decision with no process involved, also having the freedom of rectifying the decision, if need be.
Besides the personal income tax deduction, a sole proprietor is not eligible to file any tax returns. The owner is not required to maintain accounts book. He is not subjected for auditing as well.
How SBS Consulting helps in registering a proprietorship in Singapore
SBS Consulting helps in gathering all the required documents to be submitted to Accounting and Corporate Regulatory Authority (ACRA), the governing body in Singapore. Although the registration process is simple, yet it is a major task for a layman to follow the government process. SBS group involves itself from start to end to get the things done in a hassle free manner. To get full details, visit http://www.sbsgroup.com.sg/ or call on +65 6728 9142.
The country that does not ask you to share the profits of your earnings generated on its land, can be considered a dream country. Singapore makes your dream come true by allowing you to keep all the profit of your hard earned income. Singapore has earned the reputation of a global leader for providing ease of doing business in its boundaries. Singapore is an island country consists of many islands (approx. 63). Due to its central location Singapore secures 4th position as a world financial hub. The citizen friendly government of Singapore provides a number of irresistible features to consider launching one's own company and to explore business opportunities.
About SBS Group
SBS Consulting was launched in 2010; Along with company registration the group also provides expert services in accounting, bookkeeping, auditing and taxation. Since its inception, SBS Consulting has assisted a number of organizations in Singapore to sort out their business needs. SBS group is the professional friend of its clients from scratch to finish and thereafter. The company's services are extended to payroll services, IT consultancy and software development.
Media Inquires:
SBS Consulting Pte. Ltd.,
35-B Hongkong Street
Singapore 059674
+65 67289142
http://www.sbsgroup.com.sg
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Tags: company registration, singapore resident, sole proprietor enterpreneurs