Singapore is already known for its ease of doing business, low-tax policies, and first-world infrastructure. Moreover, buoyed by the support of its government and availability of private funding, the city-state is well on its way to emerge as Asia’s hub for incorporating start-ups, particularly in the areas of clean and green technology, media and entertainment, IT and electronics, as well as bio-technology, among others.
However, starting a business comes with an inherent price. As someone said, if you are not making mistakes as an entrepreneur, your business is probably in big trouble. This so because innovation is all about risk-taking abilities; it’s all about experimentation; it’s all about making mistakes.
While some mistakes are inevitable; you can just learn from them and move on. Others mistakes, if you plan properly and do your due diligence, can be avoided.
These may include not building a strong support team, not getting along with co-founders, hiring too quickly or hiring incompetent staff, or just putting a half-hearted effort in making the start-up successful.
To help all the the budding entrepreneurs with the salient points they should always keep in mind while thinking of incorporating in Singapore, we present a comprehensive guide.
Read more about the common mistakes to avoid while incorporating a start-up in Singapore at Singapore Company Incorporation.
