Futurebooks

Singapore companies launch faster with iPhone incorporation app

Press Release   •   Nov 22, 2011 14:01 SGT

Futurebooks have launched an application designed to help foreigners and Singaporean entrepreneurs setup a company and incorporate in Singapore.

Titled 101 Singapore Incorporation the application is available free on the iPhone and includes the most essential tasks for starting a company in Singapore including checking the availability of a company name, purchasing URLs, choosing incorporation packages, finding suitable office space and deciding on a suitable online accounting method.

In 2010 Futurebooks market researched entrepreneurs who had been in business for less than two years in Singapore, and discovered 60% of entrepreneurs were unsure what their incorporation service was suppose to provide.

Entrepreneurs also complained that complementary services like office rental and cloud service were difficult to find. The application will remedy this issue by presenting incorporation in a clear, concise manner. “The app provides more than incorporation. It encapsulates many services entrepreneurs need when starting a company,” says Anthony Coundouris, Marketing Director of Futurebooks.

Similar applications are planned to be rolled out regionally in the first quarter of 2012, providing entrepreneurs a one-stop place for incorporating a company in any part of South-East Asia. The application will be marketed locally and to foreigners from the UK, Europe and Australia.

“It’s particularly useful for foreigners who are time-poor. The app puts everything in one place so they know exactly what to do before arriving in Singapore,” says Anthony.

“It is likely the Ministry of Finance will lift the audit exemption for companies from S$5 million to S$10 million dollars in turnover this year. Combined with the three-year company tax exemption, we are expecting to see the number of incorporations in Singapore rise from 2,500 per month to 3,000. Handling incorporation more efficiently is a real benefit.”

The application is available for download from the Apple App Store.

About Futurebooks

Futurebooks is Singapore’s and Hong Kong’s most progressive bookkeeping company. We offer affordable incorporation, bookkeeping, business planning and business brokering.

Whether your goal is to be acquired or to be more profitable this quarter, we provide planning to keep your business on track and bookkeeping services that streamline the journey.

To demonstrate our commitment our bookkeeping service is packed with extras, such as a 30 day money-back guarantee and free quarterly business consultancy from one of our practitioners.

Visit our website and chat to us live or follow us on Twitter.