When I was reading about Singapore company incorporation to understand which direction I wanted to have for my company, I learned a good bit of information about different aspects of companies from a website that helps businesses get registered and incorporated. I found that I was interested in having a private limited company because it clearly stated the benefits as well as the disadvantages of having this done. The benefits far outweighed the negatives, which is why I decided to go this route. While it was more expensive to set my company up this way and there are more stringent guidelines I must follow, the advantages were also plentiful.
I liked the legal identity part the best. We would be able to have our own property and can also enter into legal agreements. While that means that we can legally be sued, it also benefits us because we are able to sue as well. Because we have a lot of intellectual property, we needed to have the right to protect what is ours. There is just too much theft in this area in technological businesses today, and I wanted to make sure that we would be able to protect ourselves from that right from the start.
This site taught me a good bit of things other than the pros and cons of having a private limited company too. I learned about various tax incentives that I would be able to benefit from if I set up shop in Singapore. It was a win win situation for everyone involved. I was given the tax breaks I needed to lure me there, and Singapore is guaranteed to have future tax monies if I am able to stay relevant and in business. Learning as much as I could before actually taking the first step helps to ensure that I will be here for a long time!