Starting a business is an exciting journey, but looking back, there are so many things I wish I had known earlier. When I first decided to set up my company in Singapore, I thought it would be as simple as filling out some forms and getting started. I was wrong.
The Hidden Challenges of Business Incorporation
I remember the day I registered my company. I had read a few online guides, prepared my documents, and thought I was ready. But the moment I submitted my application, questions started popping up
- Did I choose the right business structure?
- What are my tax obligations?
- How do I stay compliant with local laws?
It felt overwhelming, and I quickly realized that managing a business isn’t just about having a great idea—it’s about handling the operational and legal side of things properly.
The “Corporate Secretary” I Didn’t Know I Needed
One of my biggest mistakes? Thinking I could handle everything on my own. I assumed that filing annual returns and keeping my company compliant would be simple. But when I received my first reminder about AGMs, tax filings, and employment regulations, I realized I needed help.
That’s when I learned about the role of a corporate secretary—something every Singapore-registered company needs. A good corporate secretary doesn’t just file paperwork; they keep your business on track, ensure you’re meeting deadlines, and help you avoid costly mistakes.
Work Pass Applications: More Complex Than Expected
As my business grew, I wanted to bring in overseas talent. I thought applying for an Employment Pass (EP) was just about submitting qualifications and a job offer letter. Again, I was wrong.
Singapore has strict criteria, and applications can be rejected for reasons you might not even expect. I realized how crucial it was to structure my applications properly, provide the right justifications, and ensure my company met the eligibility requirements. A small misstep could delay hiring for months.
The One Thing That Made My Life Easier
If there’s one piece of advice I could give to anyone starting a business in Singapore, it’s this: find the right partners early. I wish I had reached out to a professional corporate service provider before I made costly mistakes.
Having a team that understands the legal, financial, and compliance aspects of running a business can save you time, stress, and even money in the long run.
Running a Business is Hard—But You Don’t Have to Do It Alone
Looking back, I’m grateful for the lessons I’ve learned. While the process wasn’t always smooth, I now know that having the right support makes all the difference.
If you’re thinking about starting a business in Singapore, or if you’re already running one but feeling overwhelmed, don’t hesitate to get help. Running a company should be about growth and innovation—not worrying about deadlines and paperwork.
📩 Want to avoid the mistakes I made? Let’s chat. Corecentric can help you get your business set up the right way from day one.
