The establishment of a company is a process through which a person or group of people registers their company before the State so that it offer them the reimbursement of being official.
Process to establish a company (Legal Entity)
- Search and reservation of name
- Preparation of the constitution Act(Minute)
- Payments of Capital and goods
- Preparation Of Public Deed
- Registration In Public Record
Benefits of having a formal business
- You will have the freedom to expose your brand legally, without problems with the authorities.
- You can grow and employ people who get benefits from the State.
- Being formal also allows you to access bank loans.
- Be part of the country’s commercial ecosystem and contribute to the growth of entrepreneurs and entrepreneurs who, like you, seek economic and social stability.
The risks of informality
- As an informal you have a limited number of clients. A lot of will not be clever to labor with your corporation because it is not official, for instance, the condition.
- You can be penalized for not meeting the minimum requirements of the law.
- You do not have labor benefits from formal companies, such as insurance and social security.
- Other businesses may use your name and brand, protected by law.
- You cannot access government programs or their hiring processes.
- You can not be a state supplier or large companies that require their suppliers to be formal.
Duration of protection
The registration of the trademark with help of A1 company registration in Singapore confers ownership of the trademark and its protection for a term of 10 years, and may be renewed indefinitely, for equal terms.
The registration process
The applicant for the registration at A1 Business must obligatorily establish a special domicile in the Singapore for the purposes of the notifications that may be sent to him as a result of the process. The agency will publish the trademark so that any third party that considers it with sufficient rights can object to its registration; once the deadlines for this have expired
The assistance of a professional
Professional advice in this area is highly recommended, as a professional specialist has the relevant technical tools to determine the registration possibilities of the chosen brand, comparing them with those registered in the similar action group, supplementary the boss during the procedure, interpose the essential managerial capital so that the blot is decided by the organism. The professional will be in charge of caring for the brand, ensuring that similar brands are not registered, which can remove customers from the company.
It is advisable to start the registration process at 新加坡公司注册 when launching any start up to the market, since the growth of the company will always be linked to your brand, and you will avoid the risk of finding difficulties to register the brand, or be in the undesirable circumstance of having to face third-party demands for the use of an unregistered trademark.
- It accredits the condition of an active merchant and fulfills his obligations.
- His condition as a merchant becomes public.
- Facilitate business relationships with customers or credit entities.
- It makes a contribution to business development, to coexistence and conflict resolution programs and to the development of Bogotá and its Region