Important factors to consider when choosing a Singapore Company Registration firm to incorporate your company. http://www.guidemesingapore.com http://www.guidemehongkong.com
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Company Formation - Choosing the Right Professional Firm
1. Company Formation - Choosing the Right Professional Firm
Now that you have decided to go ahead with your business venture and set up your firm,
you need to make the crucial decision to home down on the right professional firm to
facilitate the procedure of company incorporation. Most entrepreneurs opt to make use
of the professional knowledge and experience of professional firms which have the
required experience and know-how to make the process of business incorporation
smoother and faster.
There are numerous reasons why you should best leave it to the professionals. You will
not be aware of the intricacies of regulatory environment, statutory compliance and
administrative responsibilities related to the process of company incorporation.
Moreover, majority of the small to mid-size companies do not have the systems in place
to keep track of what has to be done, by what time-frame, and by whom. Professional
firms fill in these gaps by providing effectual, flexible, and cost-effective services to take
care of your organization's needs.
While most popular business destinations will offer you a plethora of choices when it
comes to choosing the right professional firm to assist you, you must consider various
factors carefully before you make your choice, as making the wrong choice can cause a
lot of complications not only during the process of incorporation, but also after it.
Important Factors for Your Consideration
Extensive Experience
The firm you decide to choose must have a team of highly experienced and
knowledgeable staff members who are certified professionals and industry veterans in
their respective practice areas. Ensure that the firm has a good number of years of
experience its respective field so that you can be sure that they have a reputation to live
up to and give you service that is efficient and of high quality.
Fair Pricing
The services provided by professional firms can be expensive therefore you must ensure
that you get true value for your money. Hence, you must compare the pricing of the pre-
configured incorporation packages on offer by different firms, and then opt for the best
combination of service-pricing and quality.
Transparency
Transparency is another factor you must look into, when you are considering the pricing
of different firms. Though you will come across many service providers who follow
aggressive sales tactics or propose unrealistically low fees, there are hidden costs which
you need to clarify at the very outset, or later, you may regret your decision of signing
up with them.
High Standards of Service
You must look for firms which have already developed a strong reputation for delivering
the highest levels of customer satisfaction. Do a check on customer testimonials and
speak to people with similar experiences to know about the reputation of various firms.
One-Stop Service Options
2. You must look for firms which can provide the complete range of services that you need
for setting up and managing your business. You could also benefit from customized
business advisory services which can be provided by a firm’s team of lawyers,
accountants and compliance experts. The range of services would include corporate
structuring and registration, incorporation, statutory administration, accounting and tax
planning, filing for work permits, immigration options, acquisition of appropriate business
licenses and advice related to taxation and legal matters and other related services.
Post-Sales Services
Long-term customer loyalty demands a level of service and attention that goes beyond
implementing the initial service order. You must make detailed enquiries about the range
of after-sales services offered by your service provider.
Speed of Delivery
You must do a check on your service provider’s reputation for the time frame taken to
complete the entire range of tasks and their promptness in responding to service
requests, and timely follow-ups.
Beware of Overselling
Lastly, do not fall for tall claims made by firms who make exaggerated promises in order
to gain a customer. The firm you engage must provide realistic and objective information
about timelines, services and fees so you can make well-informed decisions about your
choices.
About the Author
Roger Lee is a Singapore-based freelance writer who writes on a wide range of topics on
doing business in various jurisdictions. For more information on topics discussed in this
article, refer to Singapore Company Registration and Hong Kong Company Registration
guides.